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The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Proposals to make energy prices more competitive have been central to final discussions between the Department for Business and Trade and the Treasury Industries such as steel, ceramics and chemicals…
The incoming new government has to adhere to this law. Since 2019, Germany’s Climate Protection Act has had aimed to reduce Germany’s carbon emissions to zero by 2045. Will it though? Credits: MDV Edwards, All rights reserved.
The Starmer government has promised it would reduce industrial users’ electricity bills by up to 25% from 2027 as part of its energy strategy, due to be released this week. The mechanism obliges electricity distributors to source part of their electricity from wind and solar installations, per government plans to reduce the country’s…
The UK government has raised the maximum prices it is willing to guarantee developers of wind power projects in a bid to reinvigorate investment in renewable energy and keep its ambitious decarbonization targets on track.
Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all federal budget revenues.
The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. kilometers, according to government spokesperson Konstantinos Letymbiotis. The well intersected approximately 350 meters of gas-bearing reservoir at a depth of 1.9
These trends help explain the strange behaviors that we have been seeing from governments recently. The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying.
With strong government backing and billions of dollars at their disposal, Middle Eastern oil giants are aggressively expanding into the global liquefied natural gas (LNG) market, aiming to nearly double their LNG capacity within the next decade. Companies like Saudi Aramco, Abu Dhabi National Oil Co.
In a move with significant implications for transcontinental energy trade, the UK government has formally withdrawn support for the $34.4-billion billion Morocco-UK Power Project, a mega-renewables plan that would have delivered solar and wind electricity via a 3,800 km undersea cable from the Sahara Desert to Devon, Reuters reports.
From pioneering technologies that shattered geological limits to building empires that outmuscled governments, these oil titans didn’t follow the energy industry — they dragged it behind them. Some were wildcatters with nothing but a hunch and a homemade rig.
A government -backed fund is pledging more than £2 for a carbon capture project. million is coming from the National Wealth Fund (NWF) a body announced by the government last year with £27.8bn…
The sweeping 2025-2040 plan marks a sharp departure from previous government policy, which capped fuel exports at just 10% under a 2024 draft framework. The revised strategy, approved this week by the cabinet, emphasizes downstream development as a top priority, particularly with respect to expanding…
in 2023, a Reuters analysis of Philippine market and government data showed on Tuesday. The share of gas power generation jumped to 17.5% in the first half of 2025, up from 14% for the full-year 2024 and a record low of 13.9% At the same time, the share of coal in Philippine power generation slumped…
The UK government signed on Tuesday the final investment decision to build the $51-billion Sizewell C nuclear power plant, which will help Britain generate more low-carbon electricity. The final investment decision was made possible after new investors joined the government and French energy giant EDF. The UK will have an initial 44.9%
The UK government is launching its first onshore wind strategy, aiming to deliver up to 29 gigawatts (GW) of onshore wind power by the end of the decade. In the newly minted Onshore Wind Taskforce Strategy, the UK has set out more than 40 steps government and industry will take to help deliver the goal.
The UK government is set to drop plans to introduce zonal pricing in the country’s wholesale electricity market, following a backlash from industry saying that splitting the market into geographical areas would damage investments in renewable energy projects, the Guardian reports, citing sources. Under the proposed reform,…
This is part of a Labour government plan to accelerate the country’s green transition by expanding its clean energy capacity and shifting away from a reliance on fossil fuels. is once again backing nuclear power, with plans to develop new large-scale nuclear plants as well as alternative small modular reactors (SMRs) in the coming decades.
The federal government in Baghdad and the regional Kurdish government in Erbil have been squabbling for more than two… Abdul Ghani was visiting the Kirkuk province in Kurdistan, where he confirmed to the Iraqi News Agency (INA) that the export resumption – after a two-year halt – is imminent.
The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition.
Australia’s government is supporting with grant funding the development of a green hydrogen project in the country, which has recently seen setbacks in the sector with major projects canceled or halted. The Hunter Valley Hydrogen Hub (HVHH) project will produce renewable hydrogen using a 50-megawatt electrolyzer powered…
Governments worldwide… However, as countries increase their green energy capacity and decentralise energy production, most grid systems cannot cope with the influx of electricity from alternative regions at varying levels throughout the day.
Puerto Rico’s government has pulled the plug on contract talks with New Fortress Energy after the island’s federally appointed oversight board declined to approve a proposed $20-billion LNG supply deal, upending years of negotiations and raising questions about the future shape of its energy transition.
Leading trade body Offshore Energies UK (OEUK) has welcomed today’s announcement of £1 billion in funding from a number of sources for the offshore wind supply chain – calling it a positive signal but urging government to use it as a springboard for much wider action.
Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation, Fatih Birol, Executive Director at the International Energy Agency (IEA), said on Thursday.
The UK energy secretary greenlighted BP and EnBW's Mona project, which the government says is the biggest wind farm in the Irish Sea with a maximum grid connection potential of 1.5
The government of Mozambique is ready to lift the force majeure imposed on TotalEnergy’s LNG project in the country as soon as the company applies for this, the country’s energy minister said.
Commonwealth LNG received major news this week from two different government agencies. The first bit of news was a final authorization from the Federal Energy Regulatory Commission (FERC) to proceed with building the $11 billion project in Cameron, Louisiana.
The British Columbia government has agreed to invest CAD$200 million in the Cedar liquefied natural gas project — the second Canadian LNG project expected to come online after LNG Canada, the first, shipped its first cargo from its LNG export terminal in Kitimat in early July.
Governments, especially in Europe, have started to realize that the net-zero ambitions and the cleaner electricity grids will cost much more than initially planned. Grid upgrades, expansions, and resilience will need trillions of U.S. dollars of investments to catch up with the rising share of renewable energy generation.
The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. The government has given extra funds for the Department for Energy Security and Net Zero to invest between 2026…
Turkey has proposed a new energy cooperation deal to Iraq that expands on their previous relations in that sector, a government official in Baghdad told Reuters following the news that Turkey was looking to renegotiate a decades-long agreement with Iraq for oil transport.
The world’s solar power capacity has risen dramatically in recent years, as governments have invested in a green transition and energy companies have taken advantage of favourable renewable energy policies. In addition to the growth in utility-scale solar power, more households across a wide range of countries have invested in solar panels.
National governments in the EU would soon be allowed to subsidize companies struggling with exorbitant energy costs, according to a Politico report suggesting the bloc is about to change its strict no-subsidy rules.
The Pipeline and Hazardous Materials Safety Administration (PHMSA) is one of the most important government agencies that many Americans have never heard of. Such attacks put lives at risk both as a direct consequence of the attack, and indirectly through service interruptions to homes, hospitals, schools, government and military facilities.
The German government on Wednesday backed a bill to abolish the so-called gas storage levy, which was intended to cover the higher cost of gas supply after Russian deliveries via pipeline to Germany ended.
Offshore Energies UK (OEUK) has today proposed key reforms to accelerate offshore wind generation following the government’s publication of its Review of Electricity Market Arrangements (REMA). INTOG: OEUK backs INTOG schemes using wind energy to decarbonise offshore oil and gas production.
Climate” (full copy below), evaluating existing peer-reviewed literature and government data on climate impacts of Greenhouse Gas (GHG) Emissions and providing a critical assessment of the conventional narrative on climate change.
According to commodity analysts at Standard Chartered, the summit titled "Charting Pathways Together: The Future of Global Energy" featured significantly greater engagement from international oil companies and consuming country governments, with discussions converging on a more inclusive shared agenda rather than non-intersecting…
During this time, several governments largely overlooked the country’s renewable energy potential. For years, Mexico has been exploiting its vast oil reserves to meet its energy needs and boost its export revenues. Many regions of Mexico experience abundant sunlight throughout the year, while the north of the country has high levels of wind.
Russia’s government is weighing the possibility of some tax relief for the giant gas firm Gazprom, which would be paid for by potentially higher taxes on other Russian natural gas producers, a source in the Russian government told Reuters on Monday. Gazprom has been bleeding cash since it cut off most of its pipeline gas deliveries to Europe in (..)
The UK’s government must find a way to lower energy costs if it wants to accomplish its climate change goals, a report by the Climate Change Committee said this week. The CCC is the official advisor to the government on all things net zero.
The United Nations Development Programme (UNDP) and the Government of Norway launched a $200 million initiative in July, aimed at transforming Ukraine’s war-damaged energy sector and supporting the development of the country’s renewable energy capacity.
Through targeted domestic content incentives, the federal government has […] The post IRA Incentives Fuel U.S. solar manufacturing landscape has undergone a remarkable transformation since the passage of the Inflation Reduction Act (IRA) in 2022. Solar Manufacturing Surge appeared first on POWER Magazine.
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