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Work on Europe's largest carbon capture site to start in Rotterdam next year
Construction of Europe's largest carbon capture and storage (CCS) facility will begin in the Rotterdam port area next year, its developers said on Wednesday.
read more... 19/10/2023
Daily (18.10.2023): Oil prices notched a minor increase on Tuesday as tensions in the Middle East continued to run higher after deadly blast at Gaza hospital
Crude oil prices rose slightly yesterday, with markets feeling uncertain due to worries about the potential escalation of a broader conflict in the Middle East after the deadly blast at Gaza hospital. As a result, Brent crude edged 0.3% higher at $89.90 a barrel. Meanwhile, U.S. WTI crude remained unchanged at $86.66 a barrel.
read more... 18/10/2023
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Portugal regulator seeks 1.9% power tariffs increase in 2024
Portugal's electricity market regulator ERSE has approved a 1.9% increase in regulated tariffs that affect about a million households and businesses and indirectly influence prices practiced by utilities, from January, it said on Tuesday.
read more... 18/10/2023
France and Germany disagreement on CfDs continues
EU energy ministers are seeking to resolve differences over the use of contracts for difference (CfDs) to support nuclear energy investment on Tuesday. Some countries support the initiative as they see CfDs as key to incentivising investment in an industry with uncertain rates of return on capital. Others believe CfDs will disrupt the pricing mechanism for energy markets in Europe.
read more... 18/10/2023
Dutch, Danish to intensify cooperation on carbon capture and storage
Denmark and the Netherlands signed a Memorandum of Understanding on Monday on the sidelines of the EU Environment Council in Luxembourg, pledging to cooperate on carbon capture and storage (CCS) and CO2 transport.
read more... 18/10/2023