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The Latest Breaking News from Energy

Biden OKs health care-focused budget pact struck in Senate

WASHINGTON — President Joe Biden on Friday endorsed a plan hatched by two key Senate Democrats to pass a budget reconciliation package that would help lower the cost of prescription drugs and protect millions of households from health insurance premium spikes, even if it leaves out important clean energy priorities.

Tribune News Service

Fuming About Corporate Greed Won't Fix High Gas Prices

Rebutting Democrats' gaseous words on refiners' greed.

Reason

Qld to install batteries at coal plants

Queensland is being ambiguous about phasing out fossil fuel energy generation, after revealing that batteries and hydrogen will be installed at coal plants.

AAP

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Energy prices 'will rise if oil fields like Cambo are halted'

Committee writes to UK Energy Minister about actions to help tackle the climate crisis

Insider UK

Speedy renewable energy transition will boost national and economic security, Australia and US say

Australia and the US call for the acceleration of the renewable energy transition as a form of insurance, arguing that no country has ever been "held hostage" over access to the wind or sun.

ABC News

Energy prices will continue to rise if oil fields like Cambo are halted – Hands

The UK Government minister said Britain will need to import more oil if the development does not go ahead.

The Independent UK

Andhra Pradesh: State to celebrate Centre’s ‘Ujjwal Bharat’ initiative

Exhibitions, short films and street plays on energy conservation, consumer rights planned from July 25 to 31

The Hindu

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Stir in UP Bureaucracy: After retirement on 31 August, what responsibility Awanish Awasthi will get?

Uttar Pradesh's powerful bureaucrat Awanish Awasthi is all set to retire on the 31 of next month. The buzz is that after retirement, what responsibility Awasthi will get? Dynamite News Exclusive:

Dynamite News

German lawmakers back plan to expand renewable energy

German lawmakers on Thursday approved a major package of reforms aimed at boosting the production of renewable power, as Chancellor Olaf Scholz warned that the country has for too long relied on energy supplies from Russia

The Independent UK

Granholm, actor Robert Downey Jr. boost clean energy jobs

The Energy Department is teaming with actor Robert Downey Jr. to recruit up to 1,000 new workers focused on climate change and clean energy

The Independent UK

Australia's energy transformation is ramping up, but there are major challenges ahead

The Labor government has a plan to increase the share of renewable energy in the grid to 82 per cent by 2030, but many experts and investors say reaching that will not be possible without a major upgrade of the poles and wires that transport that power around the grid.

ABC News

Supoj pick shows haste

Prime Minister Prayut Chan-o-cha raised many eyebrows when he appointed the secretary-general of the National Security Council, Supoj Malaniyom, to oversee the nation's energy and food security issues.

Bangkok Post

How can I get So Energy to sort out our £524 bill problem?

A reader writes that they made a formal complaint but the company has done nothing to resolve it

The Guardian - UK

Andhra Pradesh: BEE’s nod for conduct of Investment Grade Energy Audit in municipal corporations

VIJAYAWADA

The Hindu

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The Texas Tribune

Biden plan could allow new offshore drilling in Gulf of Mexico

His campaign promise to end fossil fuel development on public lands was thwarted by U.S. courts, high gas prices and Russia’s domination of Western European energy.

Benzinga

Avila Energy Corporation, previously known as Petro Viking Energy Inc., is pleased to provide a Corporate Update to the Acquisition and Name Change

Calgary, Alberta – TheNewswire - June 27, 2022 – Avila Energy Corporation ("Avila" or the "Company") upon receiving Shareholder Approval at the AGM October 15, 2021, the Company formally filed the change of its name to Avila Energy Corporation effective December 3, 2021.

Asharq Al-Awsat

Lebanon: US Ensures Egypt, Jordan are Exempted from Caesar Act on Gas Deal

The US Ambassador to Lebanon Dorothy Shea assured that progress has been made on the agreement to secure Egypt and Jordan from the Caesar Act in order to deliver natural gas to cash-strapped Lebanon. Shea made her assurance during a meeting with Lebanon’s caretaker Energy Minister Walid Fayyad on Friday.…

The Canberra Times

'We're going to need it': HumeLink project could be online earlier than expected

The Australian Energy Market Operator's roadmap for the national electricity market identified HumeLink as one five major transmission projects which should be progressed "as urgently as possible".

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AAP

Vic $250 power bonus opens amid cost rises

Victoria's default energy offer will rise by about five per cent as a $250 power bonus becomes available for 2.5 million households across the state.

Roll Call

Pallone presses White House to reinstate crude oil export ban - Roll Call

House Energy and Commerce Chairman Frank Pallone Jr. called on President Joe Biden to limit oil exports in response to high gasoline prices.

AAP

Victoria fridge discount program suspended

The Victorian government has removed incentives for energy-efficient fridges from an upgrade program as an investigation into alleged rorting continues.

StockNews.com

3 Stocks With More Than 35% Short Interest

The stock market has witnessed a sharp decline since the beginning of the year due to geopolitical uncertainties and macroeconomic headwinds. Amid the concerns surrounding a potential recession, Arcimoto (FUV), Beyond Meat (BYND), and Nikola (NKLA) possess a significant short interest, implying bearish sentiment surrounding them. Moreover, these stocks are…

Benzinga

RBC Capital Cuts Verisk Analytics Price Target By ~8%

RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ:VRSK) to $210 from $227 while maintaining the Outperform rating on the shares. The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset…

The Hindu

Must aim at 175 seats in 2024 polls: Peddireddy

Unlike TDP, implementing manifesto is our strength, he says

Asharq Al-Awsat

UAE’s Production Near Maximum Capacity Based on OPEC+ Baseline

The United Arab Emirates' oil production is near to maximum capacity based on its current OPEC+ production baseline, which is 3.168 million barrels per day, Energy Minister Suhail al-Mazrouei told state news agency WAM on Monday. “In light of recent media reports, I would like to clarify that the UAE…

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