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Energy
Sizewell C Nuclear Project Cost Doubles Since 2020 Could Reach £40 Billion Pounds
The anticipated cost of constructing the Sizewell C nuclear power station in Suffolk has seen a dramatic escalation, potentially reaching £40 billion - double the initial estimates presented to the UK government in 2020.
Rising…
Global Oil Markets React as Brent Crude Reaches Six Month Peak amid Fresh US Sanctions
Oil prices surged to their highest levels since August as refiners in India and China desperately sought alternative supplies following stringent new US sanctions targeting Russian oil revenues. Brent crude, the international benchmark,…
Venture Global Seeks Massive $110bn USD Valuation in Groundbreaking Energy IPO
US liquefied natural gas giant Venture Global is positioning itself for a remarkable public debut, targeting a staggering $110bn valuation. The company's ambitious IPO plans include offering 50 million shares at up to $46 each, potentially…
British Steel Scraps Plans For Green Steel Production At Teesside Factory
British Steel is set to abandon its plans for steelmaking on Teesside, dealing a significant economic blow to northeast England. The Chinese-owned manufacturer had initially proposed constructing a 'green steel' furnace in the region…
US Nuclear Giant Secures $164 Billion Dollar Energy Sector Megadeal
In a landmark move that reshapes the American power generation landscape, Constellation Energy has announced its acquisition of Calpine Corporation for $16.4 billion, marking one of the most significant transactions in US power sector…
Britains Grid Operator Seeks Emergency Power Supply As Arctic Blast Hits
Great Britain's electricity grid operator has issued an urgent call for additional power generation capacity as the nation braces for severe winter weather conditions. The National Energy System Operator (Neso) is seeking an extra 1,700…
Bitcoin Miners Build Digital Fortresses as Profit Margins Face Growing Pressure
US-listed bitcoin mining companies are strategically building reserves of the cryptocurrency to shield themselves from narrowing profit margins amid escalating competition for resources. Industry giants including Mara Holdings, Riot…
Energy Price Cap Rise Brings New Year Bill Shock to Nine Million British Homes
British households face a challenging start to 2025 as energy bills increase for approximately nine million homes amidst forecasts of freezing temperatures and snow warnings. The energy regulator's decision to raise the price cap has…
Welsh Wind Energy Giant Sets 200 Turbine Target for 2030 Development Programme
A significant development in Welsh renewable energy has emerged as Bute Energy, the country's largest onshore wind farm developer, announces ambitious plans to install nearly 200 wind turbines across Wales by 2030. The Cardiff-based…
Russian Gas Transit Through Ukraine Ceases as Historic Deal Expires
Russian gas flows through Ukraine ground to a halt in the early hours of Wednesday following the expiration of a crucial transit agreement between the two nations, marking a significant shift in European energy dynamics amidst ongoing…
Nuclear Power Station Sizewell C Faces Fresh Financial Scrutiny as Costs Spiral
The government's newly appointed value for money tsar faces mounting pressure to thoroughly examine the financial viability of the Sizewell C nuclear power station project, scheduled for final approval in 2025. The project, estimated to…
Eni Launches 100 Million Euro Supercomputer to Revolutionise Oil and Gas Exploration
Italian energy behemoth Eni has unveiled the world's most formidable supercomputer outside the United States, marking a significant leap in the technological race to discover new oil and gas reserves. The €100 million machine, dubbed HPC6,…
Qatar Threatens to Halt European Gas Exports Over EU Green Legislation
Qatar has issued a stark warning to the European Union, threatening to cease its crucial liquefied natural gas (LNG) exports if the bloc enforces stringent new environmental and human rights legislation that could result in substantial…
Trump Threatens EU with Tariffs Unless Bloc Increases US Oil and Gas Purchases
The European Union faces mounting pressure as US president-elect Donald Trump issued a stark warning regarding trade relations between the two economic powerhouses. The crux of his message: commit to substantial purchases of American oil…
Solar Panel Balconies Promise 30 Percent Reduction In Household Energy Costs
Spanish households are witnessing a significant shift in renewable energy adoption as balcony-mounted solar panels gain traction, following Germany's successful implementation of 'Balkonkraftwerk' or balcony power plants. This innovative…
National Grid Unveils Record £35 Billion Pound Grid Upgrade Plan Set to Impact Household Bills
National Grid has announced an unprecedented £35 billion investment plan to modernise electricity transmission infrastructure across England and Wales, marking the largest upgrade initiative in a generation. The ambitious proposal,…
US Government Report Throws LNG Export Plans into Disarray
The future of America's natural gas exports faces significant uncertainty following a federal government report indicating that unrestricted expansion could harm domestic consumers and impede global climate initiatives.
The Department of…
North American Power Grid Under Severe Strain as AI Demand Surges
The stability of North America's electrical infrastructure faces unprecedented challenges as artificial intelligence and data centres drive power consumption to historic levels, according to a stark warning from the industry watchdog NERC.…