UK’s next PM to face £23B expense to cover £900 energy costs this fall
The latest paper by the Institute for Government (IfG) has reportedly pointed toward the possibility that ministers in the United Kingdom may face added expenditures of over £23 billion ($27.1 b....
U.S. climate bill to boost South Korean clean-energy firms via tax gains
U.S. President, Joe Biden reportedly signed the Inflation Reduction Act last week, which includes USD 374 billion in funds for broadening domestic production in solar, wind, batteries, and green hydro....
Inpex hits DSME with $970M lawsuit for delayed commissioning of FPSO
Inpex Operations Australia, the Japanese oil and petroleum company, has reportedly filed a big international lawsuit against the South Korean shipbuilding company Daewoo Shipbuilding & Marine Engi....
Amid soaring energy bills, BP sees the biggest profit in 14 years
British oil and gas giant, BP plc, has reported that its profits reached $8.45 billion between the April and June quarter of this year, more than three times the amount it logged-in for the same quart....
Australian watchdog warns of gas-supply deficit on east coast in 2023
The Australian Competition and Consumer Commission (ACCC) has reportedly urged the nation’s federal government to work with producers to redirect liquefied natural gas (LNG) reserves booked for ....
US President Biden pledges $50M to strengthen food security in Egypt
US President, Joe Biden, has reportedly committed $50 million to bolster Egypt's food security and help mitigate the profound global implications of Russia's violent and unwarranted invasion o....
British firm launches world’s first bioplastic vinyl record in the UK
Evolution Music, a British music company, has reportedly announced that it has created the world’s first vinyl record made from bioplastic, which it believes will eliminate the use of highly tox....
Crop One and Emirates open ‘Emirates Crop One’ vertical farm in Dubai
Crop One Holdings, a US-based indoor vertical farming company, and Emirates Flight Catering, Emirates Airline’s in-flight catering arm, have reportedly announced the opening of the largest verti....
Hitachi awarded Ørsted’s Hornsea offshore wind farm contract
Hitachi Energy, the Switzerland-based leading technology and power grid company, has reportedly won a significant order from renowned Danish renewable energy firm, Ørsted, to deliver two high-v....