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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
Germany boosts bioenergy role in power
Germany's government is working on new legislation to support the role of bioenergy as a provider of back-up flexibility in Germany's future renewables-based power system, thus giving a new lease of life to thousands of mainly small biogas plants soon falling out of the subsidy system.
read more... 21/08/2024
Daily (21.08.2024): British gas prices fell on Tuesday as storage facilities in Europe reached target capacity two months early
Oil prices dropped on Tuesday as a weakening Chinese economy and easing Middle East tensions reduced demand. Brent crude fell by about 1%, closing at $77.20 per barrel, while WTI crude decreased by nearly 2%, settling at $73.17 per barrel.
read more... 21/08/2024
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Italian Eni starts natural gas production off coast of Sicily
Argo Cassiopea Field's gas reserves estimated at around 10 bcm, with peak annual production expected to reach 1.5 bcm
read more... 20/08/2024
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