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Nigeria’s Lawsuits Against Shell Could Cause Oil Major Exodus
Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
read more... 11/03/2021
Daily (10.03.2021): Carbon prices hit new highs above 40EUR amid bullish equities and energy markets
Oil crude futures retreated on Tuesday, influenced by expectations of a rise in US crude inventories. Furthermore, stronger dollar coupled with a possible increase in Libya oil production also pressured the prices. Hence, Brent crude fell by 1.1%, or $0.72 to settle at $67.52 a barrel. At the same time, US WTI crude lost 1.6% or $1.04, to end at $64.01 a barrel.
read more... 10/03/2021
European Parliament drops call to end free allowances under carbon border levy
The European Parliament on Tuesday dropped its call to phase out the free allowances industrial sectors receive through the European Union carbon market if those sectors become covered by the bloc’s planned carbon border policy.
read more... 10/03/2021
Government launches £20m EV innovation competition
Innovative ideas for zero-emission vehicles could benefit from a share of £20 million in funding.
read more... 10/03/2021
Oil majors in Myanmar in spotlight after U.N. call for sanctions
Major global oil companies, working in Myanmar, are in the spotlight after the UN's human rights investigator called last week for coordinated international sanctions on the country's state energy firm, MOGE.
read more... 10/03/2021