ENERGY

Authored by Thomas Brooke via Remix News,

Despite closing its nuclear power plants to focus on renewable energy production, more than a fifth of imported electricity last month was produced from nuclear power…

Germany is importing more electricity than ever before after purchasing a record 6,505 gigawatt hours from abroad in August, according to the Federal Network Agency.

The federal government has replaced much of the electricity produced by its recently closed (more…)

Authored by Irina Slav via OilPrice.com,

Chevron has resorted to mediation talks with the unions representing its workers at the Gorgon and Wheatstone LNG projects in the latest attempt to avert a strike.

If the talks fail, industrial action is set to begin as soon as this week.

Reuters reports that the talks begin today, to be hosted by an official from the Australian Fair Work Commission. They will continue throughout the week.

The report notes Chevron reached (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

• The G7 has no immediate plans to review its price cap on Russian oil, with the last review having taken place in March of this year.

• The recent oil price rally has driven Russian oil above the G7 price cap, with its flagship Urals blend averaging $72 in August.

• There were some talks in June or July to do a review, but that review never happened and there are no immediate plans to do another.

Despite the fact that (more…)