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The Latest Breaking News on Energy

Beach Energy cashed up for gas expansion

Oil and gas company Beach Energy has posted increased earnings and cashflow on rising gas prices and high demand as it prepares to enter the global LNG market.

AAP

Wind plan hinges on emerging technology

The proponents of a 2000-megawatt floating wind farm off the coast of Newcastle are confident it can help address the state's energy and climate challenge, even though existing wind farms of that type are 40 times smaller.

Newcastle Herald

Greens want Vic coal plants' early closure

Victoria's coal-fired power plants would be shut down in the next eight years, compared with by 2046, under a Greens bill to be introduced to parliament.

AAP

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Labour announces plan to freeze energy price cap with reinforced windfall tax

Keir Starmer says people won’t pay ‘a penny more’ and that plan would reduce inflation

The Guardian - UK

British Gas boss banks £56MILLION tax rebate as Brits struggle in cost of living crisis

The Tory Government is facing mounting pressure to hit energy giants with a second windfall tax as Brits struggle to power their home during the energy crisis

Daily Mirror

Resources minister says 'astounding' level of coal in national power grid

Bob Hawes wants gas, Resources Minister Madeleine King questions coal

Newcastle Herald

What is Don't Pay UK campaign and what will happen if you cancel your direct debit?

"Too many people in this country are happy to sit around and quietly grumble without taking action."

Chronicle Live

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Greens propose shutting down all Victorian coal-fired power plants by 2030

Exclusive: New bill also increases the state’s legislated renewable energy target to 100% by decade’s end

The Guardian - AU

Saudi Aramco profits soar by 90% as energy prices rise

The $48bn figure from world’s biggest oil firm is thought to be one of largest quarterly profits in history

The Guardian - UK

Britain’s opposition Labour Party demand energy price cap freeze

Britain's Labour Party called on Monday for the energy price cap to be frozen to help people deal with another expected surge in fuel bills, putting pressure on the Conservative government as Britons grapple with the worst cost-of-living crisis in decades.

Reuters

Your price at the pump went up. So did Saudi Aramco's profits — to a new record

Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.

WEKU

Gazprom has increased gas supply to Hungary, says official

Russian state-owned firm delivering more gas through TurkStream pipeline than ‘contractually obliged’

The Guardian - UK

Energy sector ‘wargaming very serious scenarios’ ahead of winter

Insiders at two power stations said they were preparing to ‘wargame’ emergency plans

Evening Standard

In Pictures: Widest load on British roads?

A massive section of a new furnace for an oil refinery crept down the M53 on Saturday night.

The Independent UK

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The Independent UK

High oil prices help Saudi Aramco earn $88B in first half

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally

Asharq Al-Awsat

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

Saudi Arabian state oil producer Aramco reported a 90% rise in second-quarter profit on Sunday, boosted by higher oil prices, volumes sold and refining margins.

Newcastle Herald

Big new Orica tank on road to Kooragang Island on Tuesday

Orica hopes to halve emissions from Kooragang Island

Manchester Evening News

I filled up at the Costco petrol station everyone queues up for and with prices like these I can see why it's so popular

With a litre of petrol costing on average 175.24p, drivers are looking for places to save

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The Guardian - AU

Vanuatu, one of the most climate-vulnerable countries, launches ambitious climate plan

The Pacific country has committed to 100% renewable energy in electricity generation by 2030

Newcastle Herald

Hunter v Western Slopes; battle of the cross-country gas pipelines

Grasp on gas key from Narrabri to the coast

Newcastle Herald

What offshore wind farms could mean for the Hunter

Wind farms off the coast of Newcastle moved a step closer to reality last week when the federal government listed the Hunter as one of six preferred sites for the technology.

ABC News

Renewable energy projects are taking off but where is the workforce?

When key figures in Australia's renewable energy industry met in Victoria last week, finding and training up the future clean energy workforce was top of the agenda.

Tribune News Service

India says US raised concern over processed Russian oil shipment

NEW DELHI — The U.S. expressed concern that an Indian company hid the origin of Russian oil, processed it and shipped some products to New York, according to a deputy governor of India’s central bank.

The Independent UK

Rishi Sunak accused of breaking climate vow with new plan to drill more oil and gas

Plan to boost drilling in North Sea ‘utterly bewildering’, say campaigners

The Independent UK

Sunak vows to make Britain ‘energy secure’ as he battles to become PM

The ex-chancellor said he will legislate to ensure UK is ‘energy independent’ by 2045 as he promises to step up North Sea production.

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