France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine.
read more... 24/11/2022
The German government plans to introduce a special levy to skim off 33% of windfall profits made by oil, coal and gas companies, which could generate revenue of between one and three billion euros, finance ministry sources told Reuters.
read more... 24/11/2022
Investment firm Prime Capital has slammed Norway’s plans to introduce a retroactive ground rent tax for wind power which it says will deter investment in renewables and lead to higher electricity prices.
read more... 24/11/2022
Oil prices were bullish on Tuesday, amid weak demand from China – the world’s second biggest crude consumer, as coronavirus cases continue to rise. Consequently, Brent crude traded 1% higher at $88.36 a barrel, and WTI oil rose by 1.1% to $80.95 a barrel.
read more... 23/11/2022
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.
read more... 23/11/2022