Shell 2022 profit more than doubles to record $40 bln

Fourth-quarter profit of $10 billion beats estimates Shell to repurchase $4 billion in shares Shares up 2.5% by 1002 GMT LONDON, Feb 2 (Reuters) – Shell ( SHEL.L ) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after … Read more

Solar power industry to FERC: Let us compete in backup market for midwest grid

Midwest grid operator MISO banned renewables from the backup market in 2010 Solar power industry says decision based on now-outdated data (Reuters) – A rule banning wind and solar energy producers from participating in power markets that provide critical support for the electricity grid for much of the Midwest is outdated and based on “stale” … Read more

Western allies differ over jets for Ukraine as Russia claims gains

Biden says “no” when asked about F-16s for Ukraine Zelenskiy says Moscow seeks ‘big revenge’ Russian administrator claims foothold in Vuhledar Kyiv could recapture ground when Western weapons arrive – group KYIV, Jan 31 (Reuters) – Ukraine’s defense minister is expected in Paris on Tuesday to meet President Emmanuel Macron amid a debate among Kyiv’s … Read more

Ukraine calls for faster weapons supplies as Russia presses eastern offensive

Three killed in Russian strikes on Kherson – governor Russian forces again shell Vuhledar in the east Zelenskiy calls on allies to speed up arms deliveries Zelenskiy pressures Macron to ban Russia from the Paris Games KYIV, Ukraine, Jan 30 (Reuters) – Russian missile strikes killed three people in the southern Ukrainian city of Kherson … Read more

Ukraine says fighting fierce after tank pledges, seeks more arms

Fighting intensifies in eastern Ukraine – Ukrainian officials Ukraine says it needs more weapons, calls for sanctions Western allies agreed this week to provide tanks Russia says US president holds key to ending fighting KYIV, Jan 27 (Reuters) – Ukraine on Friday battled Russian troops trying to pierce its lines in the east and northeast … Read more

Hungary will veto EU sanctions on Russian nuclear energy, PM Orban says

BUDAPEST, Jan 27 (Reuters) – Hungary will veto any European Union sanctions against Russia affecting nuclear energy, Prime Minister Viktor Orban told state radio on Friday. Ukraine has called on the 27-nation EU to include Russian state nuclear energy company Rosatom in sanctions, but Hungary, which has a Russian-built nuclear plant it plans to expand … Read more

The EU’s planned reforms aim to better protect power bills from market swings

The EU Commission opens public consultation ahead of reform Seeks to avoid link to expensive gas as price setter Analysts think reform is going in the right direction Proof will be in implementation, uptake by operators BRUSSELS, Jan 23 (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect consumer … Read more

Russia says Ukraine is storing arms at nuclear plants, Kyiv denies claim

Jan 23 (Reuters) – Russia’s foreign intelligence service (SVR) on Monday accused Ukraine of storing Western-supplied arms at nuclear power stations across the country, an allegation dismissed as untrue by a senior Ukrainian official. The Russian spy agency provided no evidence and Reuters was unable to verify the claims. An SVR statement said that US-supplied … Read more

Canada’s energy jobs transition bill sparks discord in oil heartland

Jan 22 (Reuters) – In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labor force transition to a greener economy, but union and community leaders are warning politicization of the Just Transition bill obscures the needs of workers. Prime Minister Justin Trudeau’s Liberal government is expected … Read more

Pakistan suffers big power outage after second grid failure in three months

ISLAMABAD, Jan 23 (Reuters) – Pakistan’s national grid suffered a major breakdown on Monday, the power ministry said, leaving millions of people without electricity for the second time in three months and highlighting the infrastructural weakness of this heavily indebted nation. Energy Minister Khurrum Dastagir told Reuters the outage was caused by a large voltage … Read more