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The Latest Breaking News on Energy

Iran Says Crew of Seized Greek Oil Tanker Replaced

The crew of one of two Greek oil tankers seized by Iranian armed forces in May have been replaced by their company, Iran’s foreign ministry said Wednesday. The Revolutionary Guard Corps seized the ships in the Gulf days after Greece said it would deliver Iranian oil it had taken from…

Asharq Al-Awsat

Australian Pacific Coal plans to reopen controversial Upper Hunter mine, Dartbrook next year

The owners of the mothballed Dartbrook coal mine in the Upper Hunter say they plan to restart the mine within 18 months, but it will cost more than $300 million.

ABC News

Experts raise red flag over extension in deadline for coal-based power plants

They say India’s emission control targets will be affected

The Hindu

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Court asked to rule on power plan

The Constitutional Court has accepted for consideration a petition seeking its ruling on whether the Power Development Plan (PDP) for 2018-2037 is constitutional.

Bangkok Post

Green growth is our only option

In the run-up to the UN Climate Change Conference in Sharm El-Sheikh, this year's energy crisis has intensified the debate over what policies developing countries should be putting first. Some argue that poor countries should focus on development rather than decarbonisation; others advocate "green development", which would involve leapfrogging fossil…

Bangkok Post

Waratah Big Battery gets state significant status

The Waratah Super Battery, which will partially offset the closure of Eraring Power Station, has been declared as Critical State Significant Infrastructure.

Newcastle Herald

The EU’s energy windfall tax gives UK ministers a yardstick for their talks

The government has scope to craft a more finely tuned package by negotiating wholesale prices on a fuel-by-fuel basis

The Guardian - UK

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'Sanctions are here to stay': How does Europe plan for winter without Russian gas?

Ursula von der Leyen's message was loud and clear in her State of the European Union address. To drive home the point, the EU Commission President, sporting the yellow and blue of the Ukrainian flag, had Ukraine's First Lady as her guest of honour. We ask about von der Leyen's…

France 24

Devon Energy, IBD Stock Of The Day, Flashes Buy Signal Amid Strong Demand

IBD Stock Of The Day: Devon Energy boasts several quarters of triple-digit earnings growth. DVN stock is flashing an early buy signal.

Investors Business Daily

Gas importer Uniper in nationalisation talks with German government

Terms under discussion include increasing state’s holding to 50% as pressure on supplies continues

The Guardian - UK

Calls to shut down LED billboards in Dublin to save energy and avoid blackouts

The Irish Government is being urged to follow the example set in Germany

Dublin Live

4 Energy Stocks You Can Still Buy for Under $20 in 2022

The G7 imposing price cap on Russian oil could raise energy prices in winter. Moreover, the Biden administration is considering refilling its strategic reserves to support prices. And considering OPEC’s upbeat demand outlook, the energy stocks Cenovus Energy (CVE), Birchcliff Energy (BIREF), Amplify Energy (AMPY), and MV Oil (MVO) which…

StockNews.com

EU plans £120bn windfall tax on energy firms to curb soaring prices

The EU plan could raise £120 billion to help people pay soaring energy bills

Evening Standard

Climate change activists blocking oil terminal as nation mourns the Queen say protests are 'not disrespectful'

'If we stay silent, it’s like collective suicide. We can’t and mustn’t stay silent, it’s our moral duty to be here,' protesters said

Wales Online

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Birmingham Post

Job losses at energy firm Northern Gas and Power as economic conditions bite

The Gateshead firm has been fast growing in recent years but says it is facing 'unprecedented challenges'

The Hindu

Petrol pumps to remain shut in Kerala on September 23

THIRUVANANTHAPURAM

The Guardian - UK

EU expects to raise €140bn from windfall tax on energy firms

Cap on outsize revenues will bring solidarity from businesses towards struggling customers, says official

The Independent UK

Oil terminal protest ‘not disrespectful’ to Queen, say activists

About 50 people have been blocking the main entrance to the site near Tamworth, Staffordshire.

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Reuters

EU proposes windfall levies on energy firms to ease price pain

The European Union's executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits.

The Independent UK

German government could raise stake in gas supplier Uniper

German energy supplier Uniper says it is exploring the possibility of the government acquiring a majority holding in the company as its losses mount

The Guardian - UK

Green hydrogen could counter energy crisis, says British firm

The company, which makes electrolyser machines, says its use has become more cost-effective than gas

Al Jazeera

EU chief proposes energy market reform, $140bn revenue cap

Energy market reforms include the taxation of energy companies and decoupling gas prices from overall electricity bills.

Reuters

EU seeks $140 billion to insulate consumers from energy crisis

The European Union's executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies.

Tribune News Service

Geothermal bubbles up as another way to fight climate change

Geothermal power currently provides only a tiny fraction of the nation’s electricity. But as states ramp up their transitions to renewable electricity, some leaders see a big role for geothermal as a stable, renewable power source.

Los Angeles Times

Drought, record heat and blackouts test China's faith in renewable energy

TAIPEI, Taiwan — With 80% of its electricity coming from hydropower, the province of Sichuan in southern China has been lauded as a model for a clean energy future in the nation most crucial to the worldwide fight against climate change.

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