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Pipeline deal shows kingdom’s reliance on its mainstay
ALBERTA: Enbridge Inc’s push into new frontiers of the energy transition such as carbon capture and clean hydrogen production could use Canadian tax credits similar to those in the US, the company’s CEO said.
LONDON: Electricite de France SA’s (EDF) ambition to be a superpower in nuclear plant construction is now a step closer with its £16bil (US$20bil) Sizewell C station in Britain moving to the next stage of the construction process.
LONDON: Centrica Plc’s full-year profit plunged, missing estimates, because of the negative impact of the government’s price cap and declining natural gas prices. The UK’s biggest energy supplier to homes also booked an impairment of more than £1.1bil (US$1.4bil) because of a decline in the value of the company’s oil, gas and nuclear assets.
PARIS: French solar farm developer Tenergie SAS and a financial partner are considering a capital spending increase and plan to buy clean power operators to help expand into the wind and hydro-power sectors as demand for cleaner energy continues to increase.
MUNICH: The heads of Deutsche Bank AG and Siemens AG, two of Germany’s biggest companies, are among a dwindling number of high-profile delegates still scheduled to attend an investment conference in Saudi Arabia following the disappearance of dissident journalist Jamal Khashoggi.
HONG KONG: The possible replacement of the UK’s ageing nuclear reactor fleet may offer China’s ambitious atomic power companies an outlet for investment and technology.
LONDON: UK officials are in intensive talks with their Welsh counterparts to kick-start a tidal power plan by copying the controversial contract awarded to Electricite de France SA (EDF) for its Hinkley Point nuclear power project.
LONDON: UK Labour Party leader Jeremy Corbyn issued a call on Saturday to overhaul the British economy, presenting a vision in which the nation’s power and gas grids are brought back into public ownership.