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BP ventures back into oil frontiers to boost output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
read more... 11/05/2023
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Italian parliament backs Meloni plan to reactivate nuclear
The Italian parliament on Tuesday backed the government’s plan to include nuclear in the country’s energy mix as part of its decarbonisation efforts after abandoning its nuclear programme nearly four decades ago.
read more... 11/05/2023
Daily (10.05.2023): European carbon prices extended gains for the third day in a row, boosted by bullish sentiment and moderate volume
On Tuesday, oil prices marked a third consecutive day of gains, led by a U.S. report that slightly boosted its outlook for global demand for refined products. Thus, Brent crude added 0.6% to settle at $77.44 a barrel. WTI crude advanced by around 0.8% to $73.71 a barrel.
read more... 10/05/2023
BP sees investment decision on Teesside carbon capture projects in 2024
BP expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside, it said on Tuesday.
read more... 10/05/2023
Germany, Austria, Italy urge EU to back hydrogen projects
Austria, Germany and Italy have pressed the European Union to support a cluster of infrastructure projects to transport green hydrogen imported from North Africa, as part of efforts to build a market in Europe for the low-carbon fuel.
read more... 09/05/2023