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Daily (04.11.2024): British gas prices fell on Friday, influenced by higher LNG send-outs
Oil prices moved sideways on Friday as worries about possible Iranian retaliation against Israel were countered by uncertainties related to the upcoming U.S. election on November 5th, with traders adopting a cautious approach. As a result, WTI crude rose by 0.3%, closing at $69.49 per barrel. Meanwhile, Brent crude remained relatively stable, ending the day at $73.10 per barrel.
read more... 04/11/2024
Belgium Is Building World’s First Artificial Energy Island In The North Sea
The North Sea is famous as one of Europe's top crude production sites, with the UK and Norway accounting for about 80% of the region's output. Unfortunately, the North Sea has already entered a phase of terminal decline. Last year, the oil basin produced 34 m tonnes of oil, its lowest since production was established in the 1970s. Scores of Big Oil companies have been pulling out of the aging oil basin, with production expected to continue shrinking despite the UK government recently issuing a raft of licenses. Meanwhile, other producers are scaling back investments or exiting the basin ahead of new tax increases on the sector.
read more... 04/11/2024
UK now aiming for SMR and Sizewell C decisions in spring 2025
Key decisions on which small modular reactor technologies to select and on a Final Investment Decision on Sizewell C will be taken in spring 2025, according to timelines set out in the government's Budget documents.
read more... 04/11/2024
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Ireland set for 900 MW offshore wind auction early next year
The Irish government has approved the terms and conditions for Ireland’s next offshore wind auction, clearing the way for the 900 MW Tonn Nua project to begin its bidding process early in 2025.
read more... 04/11/2024
Daily (01.11.2024): Oil prices rose on Thursday, supported by improved demand signals from the US
Oil prices rose on Thursday gaining about 1%, supported by improved demand signals from the US and possibly China. Brent crude closed at $73.16 per barrel, while WTI crude ended at $69.26 per barrel.
read more... 01/11/2024