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Natural Gas

+0.47% 27.00 EUR/MWh

NBP Y+1 EUR/MWh
Power

-0.01% 77.62 EUR/MWh

BE Y+1 base
Oil

+0.53% 58.95 USD/bbl

WTI Crude
Green

-0.04% 81.79 EUR/tonne

CO2 EUA Dec 2025
Forex

+0.46% 1.1668

Rate EUR/USD

Dec 3, 2025

UK Windfall Tax Threatens $20 Billion Investment in North Sea Oil.

The UK government's choice to maintain the windfall tax on operators in the North Sea may eliminate up to $20 billion (£15 billion) in potential investments in offshore oil and gas production in Britain, according to a Wood Mackenzie estimate mentioned by the Financial Times. Last week, the government confirmed the continuation of the windfall tax...

Dec 3, 2025

CIP's offshore wind project in the UK has received development approval.

The UK Secretary of State for Energy Security and Net Zero has granted the Development Consent Order (DCO) for the Morecambe offshore wind farm located in the Irish Sea, which is owned by Copenhagen Infrastructure Partners (CIP). The seabed lease for this 480 MW project, expected to be built around 30 kilometres from the Lancashire coast, was obta...

Dec 3, 2025

LNG price shock forces Europe to revert to domestic gas sources.

The Most Dull Oil Month in Years Prepares for a Crucial December When Germany approved an offshore gas drilling project earlier this year, it surprised many observers. A leader in energy transition and a top performer in wind and solar power installations, Germany was now reverting to fossil fuels—and it isn't the only nation doing so. Electricit...

Dec 3, 2025

Zipcar Withdraws from the UK as London Readies New EV Congestion Charges

Zipcar has concluded its operations in the UK after its parent company in the US decided to shut down activities ahead of new London Congestion Charges for electric vehicles. The car rental service has initiated formal consultations with UK employees and will halt new bookings after the end of this year, as stated by the company, which is expected...

Dec 3, 2025

Kazakhstan intends to increase its oil refining capacity twofold by 2040.

Kazakhstan intends to construct a new major refinery and increase its current refining capacity to more than double its crude processing ability by 2040, as stated by Energy Minister Yerlan Akenzhenov on Tuesday. In the previous year, the refining rate for the OPEC+ oil producer stood at 18 million tons annually. The expansion of existing capacity...

Dec 3, 2025

Vestas Grows in Poland to Support Germany's Quick Wind Expansion

Danish wind turbine manufacturer Vestas plans to increase its production capacity in Poland due to high demand for turbines in Europe, particularly for the German market, according to Reuters. This capacity expansion will include a new production line at Vestas' Goleniow facility and the addition of 300 new employees, the company announced. Germ...

Dec 3, 2025

Reactor vessel finished for the second unit of Hinkley Point C.

Framatome has finished building the reactor pressure vessel for the second EPR unit at the Hinkley Point C nuclear power plant in Somerset, UK. Additionally, the first two of four steam generators for this unit have also been completed. The vessel is 13 meters long and weighs 500 tonnes, and it was produced by Framatome at its facility in Saint-Ma...

Dec 3, 2025

ABB finalizes acquisition of Gamesa Electric's power electronics division.

ABB has completed its acquisition of the power electronics division of Gamesa Electric in Spain from Siemens Gamesa. This follows the initial announcement made in December of last year, though the financial terms of the deal have not been disclosed. For the financial year ending September 30, 2025 (FY25), the acquired business reported annual rev...

Dec 3, 2025

Ocean Winds completes $2.31 billion funding for Polish offshore project.

Ocean Winds has secured around €2 billion ($2.31 billion) in project financing and finalized funding for its first offshore wind farm, BC-Wind, located in the Baltic Sea. This development marks the progression of the 390MW offshore wind project into the construction stage. Ocean Winds is a joint venture between EDP Renewables and Engie, with equa...

Dec 3, 2025

Denmark ought to invest in nuclear energy.

Several Danish business organizations, universities, and companies have created the Nuclear Power Alliance to promote a technology-neutral stance on nuclear energy in a country that has prohibited it for 40 years. The alliance is spearheaded by groups such as the Confederation of Danish Industry, Dansk Metal, and the Novo Nordisk Foundation. Its m...

Dec 3, 2025

Geothermal battery initiative in Karlsruhe, Germany has been granted a drilling permit.

The drilling permit for the DeepStor project has been approved, aiming to assess the feasibility of high-temperature heat storage in an underground “geothermal battery” located in the Karlsruhe area of Germany. The exploratory borehole DeepStor-1 will be drilled at the Campus North of the Karlsruhe Institute of Technology (KIT). Preparatory activi...

Dec 3, 2025

EV drivers provide 11,000 flexible dispatches.

Electric Miles has achieved a significant milestone, having completed over 11,000 half-hourly flexibility dispatches across distribution networks in the UK. The company collaborated with SP Energy Networks, UK Power Networks, National Grid Electricity Distribution, and Northern Powergrid by utilizing its SmartFlex platform. In just the last month...

Dec 3, 2025

Hungary will contest the EU's decision to gradually eliminate Russian energy imports.

Hungary plans to contest a European Union ruling on the phase-out of Russian energy resources at the EU's Court of Justice, according to Foreign Minister Peter Szijjarto on Wednesday. The EU member states have decided to eliminate Russian gas imports by the end of 2027 to end their long-standing reliance on Russian energy. This decision was made d...

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