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Equinor's UK Rosebank investment to reach $5.2 billion
Equinor's Rosebank oil and gas field in the British North Sea will require capital expenditure of about 4.3 billion pounds ($5.22 billion), Equinor's UK upstream chief Arne Guertner told Reuters on Friday.
read more... 08/08/2022
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Hydro plant with capacity to charge 400,000 car batteries
Switzerland is adding a much needed cog in the wheel to its energy supply with an underground hydropower plant that says it has capacity to store enough electricity to charge 400,000 car batteries simultaneously.
read more... 08/08/2022
Daily (05.08.2022): Oil prices continued to fell on Thursday on economic recession fears
In response to the Bank of England's warning of a protracted recession and ahead of today's highly anticipated employment report in the US, crude oil fell on Thursday. As such Brent crude dropped by 2.8% to $94.12 a barrel, while WTI crude ended 2.3% lower at $88.54.
read more... 05/08/2022
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Greece adopts key offshore wind law, targets 2 GW in its seas by 2030
Greece has taken a key step towards harnessing offshore wind with the approval in parliament last week of the country’s first Offshore Wind Law, industry group WindEurope said on Wednesday.
read more... 05/08/2022
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France agrees emergency gas market measures
The French parliament has agreed emergency gas market measures, including the building of a 50 TWh/year LNG terminal, to secure supply this winter.
read more... 05/08/2022