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Shell Is Betting Big On Offshore Wind Following UK Ban On Russian Oil
Two energy giants will pump £75 million into offshore wind projects, which could light 8.5 million homes, as Britain looks to wean itself on dependence for Russian oil.
read more... 11/03/2022
EU leaders seek escape route from Russian fossil fuels, weigh energy investment plan
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday (10 March) and debate how quickly to ditch their key supplier, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine.
read more... 11/03/2022
EU unveils €300 million plan to fund hydrogen research
The EU’s Clean Hydrogen Partnership, a public-private undertaking, has launched its first call for proposals on 41 research topics related to hydrogen. Much of the funding will go towards hydrogen production and storage.
read more... 11/03/2022
Daily (10.03.2022): Brent crude slumped by 13% on Wednesday as UAE calls for production boost
Oil prices saw their biggest one-day plunge in over three months on Wednesday following comments from the Ukrainian government that they would be willing to compromise in order to end the ongoing war. In addition, there were reports that the UAE would call on OPEC+ to increase output more aggressively. Hence, Brent crude plummeted by 13% to settle at $111.14 a barrel. U.S. WTI crude WTI crude oil tumbled by 12% to settle at $108.7 per barrel.
read more... 10/03/2022
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Spain seeks EU funding for ‘green gas’ interconnector to rest of Europe
Spanish Prime Minister Pedro Sánchez has called on the European Union to finance gas interconnections with the rest of Europe, saying new infrastructure should also include green gases such as hydrogen. EURACTIV’s partner El Diario reports.
read more... 10/03/2022