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Campaigners ring alarm over EU funding for gas projects through the back door
The European Commission last week published an updated methodology to assess which gas infrastructure projects will be eligible to receive EU funding, triggering warnings by environmental groups and a senior member of the European Parliament.
read more... 21/06/2021
Northvolt expands gigafactory plans to 60GWh
Northvolt plans to increase capacity at its gigafactory in Ett, Sweden, to 60GWh, up from an original plan of 40GWh, citing rising demand for its batteries. This would push up Northvolt's total planned European battery production capacity to 150GWh by 2030. The factory is expected to begin partial operations by the end of this year. Northvolt expects to build at least two additional gigafactories in Europe to meet its capacity goals and is exploring the possibility of building one of them in Germany.
read more... 10/06/2021
Daily (16.04.2021): Oil prices continued to climb, hovering at one-month highs amid signs of accelerating demand recovery
Oil prices continued their upward trajectory on Thursday, holding near one-month highs amid a brighter demand outlook due to bullish forecasts from the International Energy Agency (IEA) and OPEC. Positive U.S. economic data added further gains to oil prices. Hence, Brent crude rose by 0.5% to settle at $66.94 a barrel. U.S. WTI crude gained 0.5% to end at $63.46 a barrel.
read more... 16/04/2021
North Sea oil drilling ban 'unlikely' but not ruled out by UK ministers
The UK government is unlikely to impose an "outright" ban on new exploration licenses in the North Sea basin, a person close to the matter told S&P Global Platts on March 15, after weekend reports that ministers were considering a moratorium on new drilling.
read more... 16/03/2021
Oil majors in Myanmar in spotlight after U.N. call for sanctions
Major global oil companies, working in Myanmar, are in the spotlight after the UN's human rights investigator called last week for coordinated international sanctions on the country's state energy firm, MOGE.
read more... 10/03/2021