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German Greens propose industry power tenders
Germany's opposition Green Party has suggested introducing tenders for green industrial power, within the framework of the country's renewable energies law (EEG).
read more... 25/06/2021
Daily (24.06.2021): The German day-ahead power price extended its 4-year high on forecasts for less wind generation
Crude oil prices advanced on Wednesday, as the EIA weekly report showed another drop in US crude reserves. Hence, Brent oil gained 0.5% to settle at $75.19 a barrel, while WTI crude edged 0.3% up at $73.08 a barrel.
read more... 24/06/2021
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Helion passes 100 million degrees Celsius
Fusion energy developer Helion Energy said yesterday it has become the first private company to announce exceeding 100 million degrees Celsius in its sixth fusion generator prototype, Trenta. It also announced its Trenta prototype recently finished a 16-month testing campaign, completing almost 10,000 high-power pulses.
read more... 24/06/2021
UK stands by offshore oil, gas licensing despite rising tensions over net-zero targets
The UK will still consider offering new offshore oil and gas licenses in the future, energy minister Anne-Marie Trevelyan said June 23, despite rising pressure on the country to ban new exploration in the wake of a landmark report on global carbon emissions by the International Energy Agency.
read more... 24/06/2021
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Norway Expands Arctic Oil Exploration
Norway has awarded four new exploration licenses in frontier Arctic areas as it looks to support its oil and gas industry, as well as value and job creation, the Ministry of Petroleum and Energy said on Wednesday.
read more... 24/06/2021