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The Latest Breaking News on Energy

Oil company pleads guilty in Southern California spill

An oil company has pleaded guilty to negligently discharging crude off the Southern California coast when its underwater pipeline ruptured last year

The Independent UK

$Why fracking in UK will not fix fuel bills and is economically high risk$

Why fracking in UK will not fix fuel bills and is economically high risk

As Liz Truss lifts ban, experts say UK shale cannot be produced at scale and any gas produced would be sold to highest bidder

The Guardian - UK

Explained: How India's import of Russian oil is part of inflation management

NEW DELHI: India's share of Russian oil import jumped to 12-13% since February, even amid multiple sanctions by different countries on Moscow.

The Times of India

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Liz Truss’s big-bucks energy plan notable for what it lacks

Most striking feature of new PM’s strategy is how much has been filed under ‘to do’ or ‘details to follow’

The Guardian - UK

Germany's neighbours reluctant to sign gas sharing pacts - newspaper

Germany's neighbours are reluctant to sign bilateral agreements with Berlin on sharing gas in an emergency, Welt newspaper reported on Thursday, citing an economy ministry document.

Reuters

Bank of England to lend UK energy companies as much as £40bn

Bailout fund provided amid soaring market prices and fears of another wave of collapses

The Guardian - UK

Warm welcome for climate law 'springboard'

Australia's newly enshrined emissions law provides certainty for industry and will foster technological breakthroughs for the energy transition, advocates say.

AAP

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Why the UK has the highest household electricity prices in Europe

Reasons include levies which the new Prime Minister plans to suspend

Wales Online

Germany to extend energy subsidies to smaller firms amid closure fears

Economy minister says ‘demand shock’ must be addressed, as economists raise fears of recession

The Guardian - UK

Lake Michigan wind farm touted for Southeast Side

Residents have a number of concerns and questions about local job creation and other potential benefits to the community.

Chicago Sun-Times

$Wales set for massive row with Westminster as Liz Truss plans to lift the ban on fracking$

Wales set for massive row with Westminster as Liz Truss plans to lift the ban on fracking

Mark Drakeford said fracking plans are a 'contradiction of the climate crisis'

Wales Online

IEA director says energy crisis a 'test' for European solidarity

Will Europe have enough energy to make it through the winter, as Russia tightens the taps? Fatih Birol, Executive Director of the International Energy Agency, thinks so. He tells FRANCE 24: "I believe this winter will be a major energy test for Europe, but at the same time it is…

France 24

1 Energy Stock That Makes a Great Addition to Your Portfolio

Leading Oil & Gas company APA Corporation (APA) reported impressive second-quarter financials, and the stock has gained in double digits so far this year. The company is well-positioned to witness solid growth in the upcoming quarters, driven by its diversified portfolio, strategic acquisitions, and sustained energy demand. So, we think…

StockNews.com

Ukraine considers shutting down Zaporizhzhia nuclear power plant

Heavy shelling and firefights around the Russian-occupied Zaporizhzhia nuclear plant could lead Ukraine to shut it down to avoid nuclear catastrophe.

Evening Standard

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Reuters

Central African nations eye pipelines and hubs to end energy poverty

Central African countries signed a deal on Thursday to create a regional oil and gas pipeline network and hub infrastructures which backers say will strengthen energy supply and reduce dependence on imports of refined products.

Daily Mirror

Liz Truss took £100,000 donation from wife of former BP executive

Official records reveal the Prime Minister was handed cash for her leadership campaign by Fitriani Hay, the wife of James Hay, a former senior executive at the energy giant

Evening Standard

Chemicals billionaire Jim Ratcliffe renews fracking calls to after Truss energy plan

The Ineos founder, one of Britain’s richest men, wants to drill for shale gas after Liz Truss backs home-grown energy

Birmingham Post

Why Government fracking u-turn could be a red herring

Change in policy could see domestic shale gas production begin in as little as six months - in areas where there is local support

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The Independent UK

Energy plan will ‘bring immediate relief’, but suppliers call for more action

Chris O’Shea, chief executive of British Gas owner Centrica, promised to continue donating 10% of profits to help vulnerable households.

Reuters

Britain goes big to ease energy shock, EU meets on Friday

Britain will cap consumer energy bills for two years and funnel billions to prop up power companies, its new leader Liz Truss said on Thursday in a bid to tackle an energy crisis that has Europe and Russia squaring off in a deepening economic war.

Tribune News Service

Texas turning green? Homeowners embrace solar panels, aiming to slash electric bills

A decade ago, Larry Howe was drawn to solar energy and became an early adopter. He put solar panels on the roof of his Plano, Texas, home in 2012 and, a few years later, added solar panels above his backyard patio to provide shade and power.

The Independent UK

Starmer says Truss ‘driven by dogma’ over refusal to back expanded windfall tax

Labour leader suggests the Prime Minister is on the side of oil and gas companies and not voters.

Daily Mirror

Anger as Liz Truss lifts fracking ban - with gas to start flowing in six months

The new Prime Minister enraged green campaigners when she announced manifesto-busting plans to end the moratorium on shale gas extraction

The Independent UK

Sunny summer sees Europe hit new solar power high

A new report says long periods of sunshine took solar power generation in Europe to a record high this summer that helped reduce the need for gas imports

Evening Standard

The Standard View: This fossil fuel crisis requires clean energy solutions

The financial support package set out by the Government today will come as a relief to millions of households and businesses. Part of this plan will also involve expanding our energy supply, including fracking and North Sea oil and gas.

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