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Swiss preparing for possible 'severe' electricity and gas shortages
The Swiss government is setting up a gas sector crisis intervention group and a monitoring system for early detection of an impending electricity shortage, it said on Wednesday, as it prepares for the possibility of "severe" power shortages.
read more... 05/05/2022
Norwegian developer plans up to 6GW Swedish floater
Norwegian developer Deep Wind Offshore is consulting on an up to 6GW floating offshore wind farm planned for the Baltic Sea off Sweden.
read more... 05/05/2022
EC aims to ban Russian crude imports within 6 months
The European Commission will propose to end Russian crude oil imports to the EU within six months and refined products by the end of the year, its president Ursula von der Leyen said on Wednesday.
read more... 05/05/2022
Daily (04.05.2022): Oil prices remained bearish on Tuesday as Europe mulls an Russian embargo
Oil prices extended losses on Tuesday amid concerns about China's capacity to keep its economy on track and maintain the substantial oil imports. Consequently, Brent crude fell by 2.4% to $104.97 a barrel, while WTI crude oil decreased by 2.6% to $102.41 a barrel.
read more... 04/05/2022
bp to invest up to $22 billion in UK energy system by 2030
bp intends to invest up to £18 billion ($22.5 billion) in the UK's energy system by the end of 2030, helping the country to deliver on its ambitions to boost energy security and reach net zero, bp said on Tuesday.
read more... 04/05/2022