French TotalEnergies is putting on hold its plans to take a 25% stake in embattled Adani Group’s $50-billion hydrogen project, pending what it has called “clarity” over recent allegations that have caused Adan’s stock to plunge and even led to anti-government street protests in India.
read more... 10/02/2023
Serbia plans to invest 100 million euro ($108 million) in the construction of an oil pipeline to Hungary which will help diversify the country's energy sources, the energy ministry said on Thursday.
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Oil prices had a bullish evolution on Wednesday due to expectations that China's increased consumption of crude oil will further tighten the supply-demand balance in the market. Consequently, Brent crude rose by 1.7% to $85.09 a barrel and WTI oil increased by 1.7% to $78.47 a barrel.
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A new row has erupted between France, Germany and Spain over nuclear energy, with Paris furious about a lack of support from Berlin and Madrid for its efforts to have nuclear-derived hydrogen labelled as 'green' in EU legislation, sources said.
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Draft carbon market reforms with more ambitious emission cuts have gained a formal approval from EU ambassadors in a key step towards making them binding, the Swedish EU presidency said on Wednesday.
read more... 09/02/2023