U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power water desalinization and other industries.
read more... 05/05/2023
Crude oil prices tumbled to a six-week low Wednesday after the US Federal Reserve raised interest rates and investors worried about oil prices. Hence, Brent crude plunged by 4% to settle at $72.33 a barrel. WTI crude plummeted by more than 4.3% to $68.60 a barrel.
read more... 04/05/2023
The European Union is considering a proposal to quit an international energy treaty that has become mired in climate change concerns, but leave an option for individual countries to stay in an updated version of the accord, a document showed.
read more... 04/05/2023
Italy-headquartered coal trader Energy Coal confirmed to Argus that a recent shipment of coal carried on the 9,679t Sava discharging at Gijon was of non-Russian origin, despite media reports last week to the contrary.
read more... 04/05/2023
Companies operating in the Norwegian Continental Shelf are planning for more drilling in the Arctic areas in the Barents Sea, encouraged by Norway’s government which wants more oil and gas discoveries to boost energy security and help European partners with energy supply.
read more... 04/05/2023