Energy Industry News
A collection of Energy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy industry demands clarity on climate
Ahead of the election on Saturday, the Australian Petroleum Production and Exploration Association said it was wary of any anti-fossil-fuel rhetoric given the $500bn investment the industry has provided to the economy. APPEA chairman Ian…
How Germany Is Curing Its Dependence on Russian Energy
WILHELMSHAVEN, Germany—Days after taking office as Germany's vice chancellor and economy minister in December, Robert Habeck asked his most senior officials for a detailed assessment of his country's dependence on Russian energy. The result…
UK inflation hits worrying nine per cent as cost of food and energy rockets
UK inflation has hit a worrying nine per cent - the highest rate for 40 years - as the cost-of-living crisis continues to batter UK households. Official figures released today confirm earlier predictions that inflation has reached nine per cent as…
US to ease some energy sanctions on Venezuela
(CNN) The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told CNN. The first step, to be…
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Billionaire John Arnold backing energy-focused credit fund - sources
May 17 (Reuters) - John Arnold, a former Enron trader and hedge fund honcho known as the 'king of natural gas', is backing an energy-focused credit fund that will aim to take advantage of commodity prices at multi-year highs, sources familiar with…
Russia to permanently 'decouple' with west on energy, gas producers say
Chevron and Woodside executives predict Moscow's exclusion will benefit US and Australian producers Receive free Oil & Gas industry updates We'll send you a myFT Daily Digest email rounding up the latest Oil & Gas industry news every morning.
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Texas' energy pipelines are creating an unfair market
When the lights went out across Texas last year, a lot of people and businesses lost money. But one group of companies profited: pipelines. All consumers are now responsible for the $3.6 billion cost of emergency power that we will pay on our…
Russia will likely be shut out permanently from global energy markets
Top execs from Chevron and Woodside Petroleum predicted Russia will be cut off from global energy markets. Once the EU weans off Russian supplies, Moscow is unlikely to be able to participate again, they said. 'The move has not been an energy move…
A new law unchains fusion energy
Physicists at EPFL, within a large European collaboration, have revised one of the fundamental laws that has been foundational to plasma and fusion research for over three decades, even governing the design of megaprojects like ITER. The update…
Sunak warns UK energy companies of potential windfall tax
Pressure on chancellor grows as Labour forces Commons vote on levy Receive free Cost of living crisis updates We'll send you a myFT Daily Digest email rounding up the latest Cost of living crisis news every morning. Rishi Sunak has stepped up his…
'Russian doll' gas and nuclear lobbying threatens EU energy independence - new research - Greenpeace European Unit
Russian fossil gas and nuclear firms could earn billions more thanks to EU taxonomy ‘green' label Brussels, 17 May 2022 – Russian energy firms Gazprom, Lukoil and Rosatom used lobbying connections reminiscent of nesting Russian dolls…
Siemens Energy Is Said to Plan Buyout Offer for Siemens Gamesa
Siemens Energy AG is planning a bid for the shares of Siemens Gamesa Renewable Energy SA it doesn't already own, a long-speculated step in its efforts to turn around the Spanish wind turbine maker, people familiar with the matter said. Siemens…
NASA's InSight Still Hunting Marsquakes as Power Levels Diminish - NASA's InSight Mars Lander
Dusty solar panels and darker skies are expected to bring the Mars lander mission to a close around the end of this year. NASA's InSight Mars lander is gradually losing power and is anticipated to end science operations later this summer. By…
Energy Investors Back Startup That Halves Electric-Motor Size, Weight
Infinitum Electric, an electric motor maker based in Texas, has attracted $80 million in investment from several major energy-focused firms, enabling it to boost production. Electric motors are the ubiquitous workhorses of modern life that the…
Renewable energy industry warns of 'concerning' impact of regulatory uncertainty
Regulatory uncertainty could restrain the growth of the renewable energy industry in the coming years, according to a trade group's annual report. In its 2021 report, released Tuesday, the American Clean Power Association said about 10 gigawatts…
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