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EXPLAINED: 43 | Vintage Vibes

This Earnings Winner is Our Featured Stock of the Week...

Target Hospitality (TH) is a specialty rental and hospitality services company that has been experiencing big gains in recent weeks. Read more to find out what's driving the stock higher, and why the gains could continue.

StockNews.com

European governments spend half a trillion euros on energy crisis - report

Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday.

Reuters

Saudi Aramco Urges World Unity around New Energy Transformation Plan

President and CEO of Saudi Aramco, Amin bin Hassan Nasser, emphasized the need for a more reliable energy transition plan, in a keynote speech on Tuesday at the Schlumberger Digital Forum. In his speech, Nasser underlined the importance of achieving a new global consensus of views and positions, outlining three…

Asharq Al-Awsat

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read the most diverse news in one place.

Australian Indigenous island community halts $3.6bn gas drilling

Australia’s second-largest independent gas producer Santos Ltd argued it had all necessary approvals to begin drilling.

Al Jazeera

Businesses fear energy price hike after support scheme ends

The Scottish Chambers of Commerce said a six-month cap on bills is not enough for firms to be ‘sufficiently reassured’.

The Independent UK

Brazil's president vents anger at UK petrol prices during visit for Queen's funeral

Brazilian President Jair Bolsanaro insisted the price of fuel at a London forecourt, which was being sold at 161.9p per litre. was "practically double the average of many Brazilian states"

Daily Mirror

We need to be told the true climate cost of Schumer and Manchin’s pipeline side deal

Democrats hailed the Inflation Reduction Act as a climate crisis victory – so why the secrecy over an oil and gas pipelines bill?

The Guardian - US

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Commentary: Climate change is a big problem. Citizens must demand many small solutions

The world is on fire. The flames are hard to see, because we hide them so well. But you can hear them — in the whine of jet engines as planes streak across the sky, in the rumble of power plants as they send electricity surging over power lines, in…

Los Angeles Times

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

Oil Prices Surge More than 2% as Putin Mobilizes More Troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%, to $92.90 a barrel by 0707 GMT after falling $1.38 the previous…

Asharq Al-Awsat

Australian Indigenous traditional owners halt gas drilling

Indigenous traditional owners have won a court challenge that prevents an energy company from drilling for gas off Australia’s north coast

The Independent UK

UK Government to pick up half the tab for business energy bills

The wholesale price paid by non-domestic customers will be capped for the next six months

Insider UK

UK businesses given six-month emergency energy price cap

Government support includes measure reducing price paid for gas and electricity from 1 October

The Guardian - UK

Ukraine-Russia war: What is the Nord Stream 2 pipeline and how might the crisis impact it?

Lucrative natural gas pipeline running to Germany under Baltic Sea blocked by chancellor Olaf Scholz in response to Vladimir Putin’s aggression

The Independent UK

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The Guardian - UK

Germany nationalises biggest gas importer to avert supply crisis

Deal includes €8bn cash injection for Uniper, which had been controlled by Finnish energy group Fortum

Asharq Al-Awsat

Lebanon: Gas Import Agreement from Egypt Disrupted by Unsecured WB Financing

An agreement to transport Egyptian gas to Lebanon via Syria is currently disrupted by Lebanon’s failure to meet the conditions for obtaining a World Bank loan and Washington’s reluctance to give an official approval confirming that the deal is not affected by the Caesar Act, sources told Asharq Al-Awsat on…

The Independent UK

Germany nationalizes country's biggest gas importer Uniper

The German government has agreed to nationalize the country’s biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortgage resulting from Russia’s war in Ukraine

The Guardian - AU

Tiwi Islanders win court battle with Santos over drilling in traditional waters

Gas company’s approval set aside after Justice Mordecai Bromberg found the regulator did not consult properly with traditional owners

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The Guardian - AU

Korean companies plan to turn Queensland coalmining town into renewable energy powerhouse

Plan would see Collinsville house 3GW of renewable energy generation to produce 1m tonnes of green ammonia for export

ABC News

Tiwi Islands traditional owners win court challenge against gas company Santos' massive Barossa offshore project

A federal court judge has upheld a challenge brought by Munupi clan elders who said they were not properly consulted before the project was approved.

The Hindu

Bamboo booster: Assam refinery bets big on bioethanol

The Numaligarh Refinery has identified 25 bamboo chipping units for supplying to its upcoming biorefinery

AAP

Qld govt green light for hydrogen corridor

Queensland has inked an agreement with three of Korea's largest conglomerate groups to build a green energy export corridor in the state's north.

Daily Mirror

Oregon refinery fire: Massive inferno erupts with two injured at BP facility

A massive fire broke out at a BP oil refinery in Oregon, Ohio, with fire crews responding to reports of injuries at the site as huge clouds of smoke were seen rising from it

The Independent UK

Marshall Islands head: We must tame 'climate change monster'

Marshall Islands President David Kabua called for world leaders gathered at the U_N_ General Assembly to declare war on what he calls “the climate change monster.”

The Independent UK

North Sea oil and gas industry ‘on track to meet emission reduction targets’

The North Sea Transition Authority said there had been emission reductions of more than one fifth between 2018 and 2021.

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