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Can Europe Survive Winter Without Russian Gas?
Over the past two years, Europe has rapidly distanced itself from Russia’s energy commodities in protest to Russia’s war in Ukraine. The European Union first placed an embargo on the import of crude oil from Russia in December 2022, followed by an embargo on oil products (including petrol and diesel) in February 2023.
read more... 19/08/2024
Equinor Shuts Down North Sea Platform
Norway’s Equinor has shut down its Gullfaks C platform in the North Sea following a well control problem that also prompted the evacuation of some workers, Reuters has reported, citing a company spokesman.
read more... 19/08/2024
Daily (16.08.2024): Oil prices rose by nearly 2% on Thursday, driven by Middle East tensions and strong U.S. economy
Oil prices gained ground on Thursday, rising by nearly 2%. Tensions in the Middle East and a strong U.S. economy drove prices higher despite concerns about China's economic slowdown. Hence, Brent closed at $81.04 per barrel, while WTI crude settled at $78.16 per barrel.
read more... 16/08/2024
Finland's Fortum says new nuclear not feasible at current prices
Fortum doesn't believe investing in new nuclear generation capacity is feasible at current low Nordic power prices, its chief executive said on Thursday, after the Finnish utility surprised markets with better than expected second quarter results.
read more... 16/08/2024
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White hat hacker shines spotlight on vulnerability of solar panels installed in Europe
An ethical hack of solar panels in the Netherlands has revealed their vulnerability to cyber attacks, prompting industry calls for more rigorous safety assessments.
read more... 16/08/2024