Energy

Siemens Faces Lawsuit Over Withheld Equipment for Türkiye’s First Nuclear Plant

January 9, 2025

Siemens Faces Lawsuit Over Withheld Equipment for Türkiye’s First Nuclear Plant

Russian state nuclear energy corporation Rosatom has announced plans to sue Siemens over the German company’s refusal to deliver prepaid equipment crucial for the Akkuyu Nuclear Power Plant in Türkiye. The dispute has caused delays and increased costs for the $20 billion project, which is expected to generate 4,800 megawatts (MW) of electricity once fully operational.

France Adds First Nuclear Reactor in 25 Years

January 8, 2025

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France Adds First Nuclear Reactor in 25 Years

France has officially connected its Flamanville 3 nuclear reactor to the national grid, marking the first addition to the country’s nuclear power network in a quarter of a century. The reactor, which began operating in September, faced a 12-year delay and quadrupled costs, totaling €13 billion. Despite setbacks, it is now generating electricity and forms part of France’s broader energy strategy to expand its nuclear capacity.

Qatar Threatens to Halt LNG Supplies to EU Over New Sustainability Rules

December 22, 2024

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Qatar Threatens to Halt LNG Supplies to EU Over New Sustainability Rules

Qatar’s Energy Minister, Saad al-Kaabi, has warned that the country may suspend liquefied natural gas (LNG) deliveries to the European Union if member states enforce a new sustainability directive. The directive, aimed at ensuring compliance with human rights and environmental standards, could impose fines of up to 5% of global turnover on companies failing to meet its requirements. Al-Kaabi, who also heads QatarEnergy, said the rules jeopardize Qatar’s revenue, which could force the country to redirect LNG exports to other regions.

US and UK Impose Sanctions on Serbia’s Oil Industry

December 19, 2024

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US and UK Impose Sanctions on Serbia’s Oil Industry

The United States and United Kingdom are preparing to impose sanctions on Serbia’s Oil Industry of Serbia (NIS), citing its Russian ownership. The sanctions would block the country’s oil supply through the JANAF pipeline, which is Serbia’s main source of crude oil.

UK Energy Firms to Invest £77bn to Upgrade Electricity Grid

December 18, 2024

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UK Energy Firms to Invest £77bn to Upgrade Electricity Grid

National Grid, SSE, and ScottishPower have proposed plans to invest £77 billion over five years (2026-2031) to modernize Great Britain’s electricity grid. The upgrades aim to support the shift from fossil fuels to renewable energy, enhance grid capacity, and create about 100,000 jobs.

Norway Considers Cutting Energy Links to Europe

December 15, 2024

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Norway Considers Cutting Energy Links to Europe

Norway’s government is debating severing energy ties with Europe, citing outrageously high domestic electricity prices. The ruling parties have announced plans to oppose renewing power interconnectors with Denmark and are considering renegotiating similar agreements with the UK and Germany.

Shell Wins Bid for Oil and Gas Exploration in Bulgaria’s Black Sea

December 13, 2024

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Shell Wins Bid for Oil and Gas Exploration in Bulgaria’s Black Sea

Shell Exploration and Production, a subsidiary of Shell plc, has secured the rights to explore for oil and natural gas in Bulgaria’s Black Sea territory. The project, spanning over 4,000 square kilometers, is seen as a critical step toward enhancing Bulgaria’s energy independence.

Equinor, BP, and TotalEnergies Commit to Major Carbon Capture Projects in the UK

December 11, 2024

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Equinor, BP, and TotalEnergies Commit to Major Carbon Capture Projects in the UK

Norway's Equinor, alongside BP and TotalEnergies, has finalized investment plans for two of the UK's first carbon capture and storage (CCS) projects in northern England. These initiatives aim to permanently store millions of tonnes of CO₂ annually, marking a significant step toward Britain’s net-zero targets.