Deutsche ReGas has started building a 4.5 bcm/year LNG import terminal, named Deutsche Ostee, in Lubmin in the northeast of Germany.

The GBP3.3 million funding through the Advanced Modular Reactor Research, Development and Demonstration (AMR RD&D) programme - part of the GBP385 million Advanced Nuclear Fund - will support the development of innovative nuclear technology in the UK, such as high temperature gas reactors (HTGRs).

The growing emphasis on ESG is a key component in the upstream oil and gas industry.

This is part of the GBP1.7 billion of new direct government funding to develop a large-scale nuclear project announced in October.

Gazprom's gas exports to Europe have slumped in 2022, but record high gas prices meant the company was still able to post record revenues and net profit for the first half.

UK was facing a “catastrophic winter”, telling the BBC that half of all households could fall into fuel poverty without intervention.

Households in the Nordic country have already been told to prepare for rolling power cuts in the winter, as there will be no supplies from Russia to help meet peak demand.

Fennovoima said its claims currently total almost EUR2 billion (USD2 billion), while Rosatom said it is seeking USD3 billion from Fennovoima.

Subsidies, which will be incorporated into power bills, are expected to absorb up to 94% of the rise in monthly power bills for households and 89% of the rise for small and medium-sized firms.

The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income

For 2023, the forecast for world oil demand growth remains unchanged at 2.7 mb/d, with total oil demand averaging 102.7 mb/d.

The legislation is aimed at reducing carbon emissions and shifting consumers to green energy,

Al-Ghais noted that oil investments have not yet returned to pre-pandemic levels. He said it is difficult to forecast oil markets due to the current global economic conditions.

Saudi Arabia would be looking to secure investments in untapped business sectors, including green hydrogen, renewable energy, and information technology.

The Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2 percent and anticipates that ongoing increases in the target range will be appropriate.