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Iberdrola, EDF slam support for natural gas in EU's green finance rulebook
Two of Europe's largest power groups have called on the EU to refrain from backtracking on plans to essentially exclude natural gas from its green taxonomy, a guide for investors that is supposed to drive vast amounts of capital into climate-friendly activities over the coming decades.
read more... 25/03/2021
Ofgem proposes to make suppliers return £1.4bn credit balances to customers
Ofgem could call on energy suppliers to return £1.4 billion to customers in Britain under latest proposals to limit the amount of customer credit balances they can hold.
read more... 18/03/2021
EU to set 2050 offshore wind target at 300 GW, ocean energies at 60 GW?
Rumour has it that the European Commission is considering a massive increase in installed offshore renewable energy capacity by 2050, with as much as 300 GW of offshore wind, and 60 GW of ocean energies to be in place by that time.
read more... 17/11/2020
Daily (30.10.2020): Oil prices sunk to multi-month lows on Thursday as renewed lockdowns in Europe raised fears of demand deterioration
Crude oil futures tumbled to multi-month lows on Thursday amid mounting COVID-19 cases that resulted in tighter restrictions in Europe, slashing consumption for the black gold. Hence, Brent crude shed by $1.47, or 3.8%, to settle at $37.65 per barrel, the lowest level since May 29. At the same time, U.S. WTI crude fell by $1.22, or 3.3%, to settle at $36.17 a barrel, touching the weakest level since June 1.
read more... 30/10/2020
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not dead. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.
read more... 24/09/2020