Inflation Adds to Cost of Clean Energy Transition

Energy companies have to spend more to build solar and wind farms for the first time in years because of cost inflation and supply-chain problems, adding a financial speed bump to the switch from fossil fuels. 


 
The World Wants Green Hydrogen. Namibia Says It Can Deliver.

The southern African nation of sun-laden deserts and wind-swept coastline is aiming to develop a hydrogen industry from renewable sources to meet growing global demand. 


 
Oil prices suffer a weekly loss as omicron continues to spread

Oil futures fall on Friday to suffer their seventh weekly loss in eight weeks, with losses tied to worries about the spread of the omicron variant and its potential impact on fuel demand. 


 
U.S. Oil-Rig Count Rises in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. rose by four in the latest week, to 475, according to oil-field services company Baker Hughes. 


 
Global Coal Power Expected to Hit Record Despite Climate Fight

Global coal-fired power generation is expected to rise 9% and hit a record by the end of 2021 as electricity demand from the economic recovery outstrips a shift to cleaner energy sources. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
EDF Faces Profit Hit After Reactors Shut

UPDATED: Shares in EDF fell sharply in opening trade after the French energy major revised its full-year earnings expectations following unplanned safety-related nuclear outages. 


 
U.S. Faces Pressure to Sanction Myanmar's Lucrative Energy Industry

The oil-and-gas industry is the main source of revenue for the Myanmar's military, which seized power in a coup earlier this year. 


 
U.S. Crude-Oil Inventories Fall Much More Than Forecast

U.S. crude-oil inventories slid by 4.6 million barrels to 428.3 million barrels last week and remained about 7% below the five-year average, the EIA said. Analysts expected oil stockpiles to fall by a smaller 2 million barrels. 


 
Energy Crisis in Europe Intensifies

Cold weather and fear of a Russian invasion of Ukraine are sending natural gas prices into overdrive, fueling inflation and clouding economic growth.

(END) Dow Jones Newswires

12-20-21 0015ET