The EU has increased its offshore wind capacity target to 300GW by 2050, today's European offshore renewable energy strategy presented by the European Commission shows.
read more... 20/11/2020
Wednesday, OPEC has reconfirmed its intentions to continue cutting production, thus supporting crude oil prices amid Covid-19 and demand worries. As a result, Brent crude for January delivery closed 1.4% up at $44.34 a barrel, while WTI crude edged 0.9% higher at $41.82 a barrel.
read more... 19/11/2020
As the European Commission prepares to publish its offshore renewable energy strategy, France’s wind farm projects – already delayed compared to its European neighbours – face opposition from fishermen already operating in difficult maritime environments because of Brexit.
read more... 19/11/2020
China Petroleum & Chemical Corp, or Sinopec, said on Thursday it plans to produce more than 30 billion cubic metres (bcm) of natural gas in 2020, marking an increase of just 1.1% from its output in 2019.
read more... 19/11/2020
UK Prime Minister Boris Johnson has unveiled a 10-point plan that he says can be "a global template" for delivering net-zero emissions. Point 3 of the plan is the government's commitment to develop new nuclear power, from large-scale to small and advanced modular reactors. This includes investment of GBP525 million (USD696 million) for "the next generation of small and advanced reactors".
read more... 19/11/2020