The Latest Breaking News from Energy

‘30 MUs of electricity being procured from exchanges to partly make up for shortage’

The Minister lays stress on making power utilities financially resilient

The Federal Government is seeking new rules to ensure energy companies provide five years' notice before closing power stations, amid concerns about reliability and affordability.

The U.S. and its allies have already levied severe sanctions against Russia–with more sanctions in the offing–in response to its alleged killing of civilians in its war with Ukraine, leading to energy supply concerns and higher oil prices. Also, conflict in the Middle East is adding to oil supply concerns,…

The Lithuanian Government announced that from the start of April the country has been operating without Russian gas before slamming the EU - which gets 40% of its crude from Gazprom - for failing to cut off its reliance on Russian energy

Tuesday night’s federal budget confirmed the Morrison government will spend A$50.3 million on gas projects in the Northern Territory, South Australia and the east coast.

The federal government's $100 million investment in the development of Port of Newcastle's energy precinct will also supercharge plans to create a $3.1 billion hydrogen hub capable of sustaining 5000 jobs.

Oil prices have cooled down recently amid expectations of supply increases, a threat of falling demand due to a new COVID outbreak in China, and the possibility of fruitful peace talks between Russia and Ukraine. Given this backdrop, we think energy stocks Patterson-UTI (PTEN), Tellurian (TELL), NextDecade (NEXT), Vertex Energy…

A potential Turkey-Israel gas pipeline is being studied as an energy source for the European market seeking an alternative to Russian sourcing, although political difficulties would need to be addressed prior to construction.