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The Latest Breaking News from Energy

Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

International Business Times

AusNet wants customers to pay for transition from gas

An energy provider has called on the regulator to approve a plan to make Victorian gas customers pay more to make up for those who have gone electric.

AAP

Government defeats bid to make GB Energy prioritise cutting bills by £300

The Conservatives said it tabled the amendments in the Commons to ensure Labour delivers on its election promises.

Evening Standard

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Stock Market Today: Stocks Renew Rally Ahead of Mag 7 Earnings

The Dow Jones led the major indexes higher on the strength of old-school industrial stalwart 3M.

Kiplinger

SNP hail Labour reforms to Scottish planning laws on energy

REFORMS to energy planning rules aimed at accelerating new clean power developments have been unveiled by the Scottish and UK governments.

The National (Scotland)

GB Energy boss given office in England – despite pledge of Aberdeen headquarters

THE boss of Labour’s GB Energy will be based in England despite previous promises that it would be headquartered in Scotland ...

The National (Scotland)

Cuba Recovers From Flooding And Nationwide Blackout

Tropical Storm Oscar aftermath in Cuba: flooding, blackout in Havana, energy crisis, and community resilience amidst challenges.

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Government advisers call for 81% cut in UK emissions by 2035

The Government is preparing to unveil plans for cutting emissions by 2035, under the global Paris Agreement to take action on climate change.

Evening Standard

Brexit has put £370m a year on price of power from EU since 2021, experts say

Trade body Energy UK also estimates total energy cost of leaving bloc could reach £10bn by end of decade

The Guardian - UK

Report suggests Reeves could announce plans to change Britain’s debt rules

The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts in order to avoid a return to austerity.

Evening Standard

GOP Lawmakers Allege Biden Admin Hid Study on Natural Gas Exports to Push Anti-Fossil-Fuel Agenda

Government Accountability & Oversight attorney Chris Horner labeled the Department of Energy's actions as a "full-blown scandal"

Latin Times

Energy grants aim to harden grid against events like Helene, Milton - Roll Call

The Energy Department on Friday announced $2 billion in grants to grid projects intended to mitigate extreme weather and increase capacity.

Roll Call

Back on track for clean energy overhaul, investors told

A jolt of investor interest has put Australia back on track for 82 per cent renewable energy in the electricity grid by 2030, Energy Minister Chris Bowen says.

AAP

Nuclear Stocks Go Nuclear as AI Data Centers Power Up

Nuclear power has long been on the decline, with its share of the world’s electricity generation down from 18% in the mid-90s to 9% today. But now, companies like Amazon and Google are investing into firms that are building the next generation of small nuclear reactors. This has sent nuclear…

Barchart

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PC Gamer

Amazon follows Google's lead to invest in small nuclear reactors, making for a headline that feels dreamt up in the '50s

I'm not really feeling this energy.

The National (Scotland)

Ian Murray: UK Government 'can't guarantee new job for every Grangemouth worker'

THE UK Government cannot guarantee a new job for every worker who could be laid off when the Grangemouth refinery closes next year, the Scottish…

Tom’s Hardware

Amazon jumps on nuclear plant investment bandwagon — taps energy companies to power AI data centers

Amazon invests in three energy entities to help develop small modular reactors that will increase power production.

TechRadar

The return of the nuclear age — Amazon reveals it is also investing in nuclear energy

Energy-hungry data centers are threatening Amazon’s sustainability work, but it hopes nuclear could help.

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The Independent UK

Amazon, Google make dueling nuclear investments to power data centers with clean energy

Tech giants Amazon and Google are investing in the next generation of nuclear reactors

AAP

State-owned power body to be included in constitution

The revival of Victoria's State Electricity Commission and renewable energy targets will be included in the state's constitution, after laws passed parliament.

The National (Scotland)

Labour see £100m added to energy bills to pay Scottish wind farms to shut off

MORE than £100 million has been added to UK customers’ energy bills since Labour came to power to pay Scottish wind farms to stop producing…

The National (Scotland)

Ed Miliband defends appointment of 'climate envoy' linked to £4m party mega-donor

Energy Secretary Ed Miliband said “all the proper processes” were followed when appointing the UK’s climate envoy, as he accused the…

The National (Scotland)

John Swinney defends Stephen Flynn over £30k donation saying it was declared properly

JOHN Swinney has defended Stephen Flynn after he lobbied ministers on behalf of an energy firm run by a donor who gave his branch £30,000 saying…

Roll Call

Energy Department plugs $1.5 billion into new grid projects - Roll Call

DOE says its $1.5 billion investment in electricity grid expansion will improve reliability and relieve transmission congestion.

Barchart

Nuclear Fuel Prices Are Surging. Here's the 1 Stock to Buy.

The price of fuel for nuclear reactors has outpaced raw uranium since the start of 2022. This indicates that conversion is the biggest bottleneck, and the weakest link, in the nuclear fuel supply chain. Russia controls 22% of global uranium conversion capacity and 44% of enrichment capacity - but that's…

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