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Norway approves more than $18 billion in oil, gas investments
Norway's government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
read more... 30/06/2023
Daily (29.06.2023): Oil prices climbed on Wednesday as crude oil inventories in the US witnessed a decrease
On Wednesday, crude oil prices increased amid a larger-than-expected drop in US inventories. Moreover, the price received a boost due to expectations that demand for gasoline will increase in the US during 4th July weekend. Hence, Brent crude rose by 2.5% to settle at $74.03 a barrel. Meanwhile, WTI crude surged by 2.7% to end at $69.56 a barrel.
read more... 29/06/2023
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UK to develop virtual prototype of nuclear fusion plant
The UK Government has announced plans to develop a virtual prototype of a nuclear fusion power plant that will operate in the 2040s.
read more... 29/06/2023
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Germany outlines plan to expand, digitalise power grids
The digitalisation of distribution grids is one of the main priorities of the German Federal Network Agency, which presented ambitious plans on Monday (26 June) for the expansion of the country’s electricity grid.
read more... 29/06/2023
Italy energy minister sees LNG terminals covering 50% of gas needs
Italy's Environment and Energy Minister Gilberto Pichetto Fratin said on Wednesday that deliveries by ship of liquefied natural gas (LNG) were a reliable source of energy that could cover 50% of the country's gas needs.
read more... 29/06/2023