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Berlin to bail out shipyard key to offshore wind ambitions
Talks to award credit lines and buy shares amounting to €2.8 billion of ailing ship maker Meyer, who also produces key offshore equipment, had progressed far, German Chancellor Olaf Scholz said on a visit to the firm on Thursday (22 August).
read more... 23/08/2024
Daily (22.08.2024): Oil prices declined by about 2% on Wednesday amid signs of a slowing U.S. economy
Oil prices fell on Wednesday due to US softening economy. Brent crude dropped by 1%, closing at $76.05 per barrel, while WTI crude decreased by 2%, settling at $71.93 per barrel.
read more... 22/08/2024
Denmark's North Sea energy island delayed again by high costs
Denmark will delay by at least three more years construction of a planned North Sea energy island to supply renewable power to three million European households, a government minister said on Wednesday, citing rising costs and high interest rates.
read more... 22/08/2024
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Norway calls on oil firms to boost exploration and investment
Norwegian oil and gas companies should boost investments in exploration and production to slow an expected decline in the country's output in the coming years, the national petroleum industry regulator said in a resource report on Wednesday.
read more... 22/08/2024
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New rules set to streamline UK grid connections
The energy regulator has announced its decision to support the implementation of transitional arrangements in the electricity connections process, following requests from the National Grid Electricity System Operator (NGESO) and the three Great Britain Transmission Owners (TOs).
read more... 22/08/2024