Latest news
Funding for EU’s second hydrogen auction increases to around €2 billion
Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024. In addition to the €1.2 billion in EU funding from the Innovation Fund, the three countries will deploy over €700 million in national funds to support renewable hydrogen production projects located in their countries. The total funding mobilized by the auction will therefore be around €2 billion.
read more... 20/11/2024
UK oil and gas decommissioning spend nears $3 billion/year as transition pressures grow
The UK oil and gas industry is hitting new highs of spending on decommissioning, with spending set to average GBP2.4 billion ($3 billion)/year in the next few years, while the amount of work actually carried out is falling, industry group Offshore Energies UK said Nov. 19, underlining the difficulties associated with winding down the decades-old sector.
read more... 20/11/2024
Daily (19.11.2024): Brent crude surged on Monday amid Russia-Ukraine conflict concerns
Oil prices ended sharply higher on Monday, amid fears of an escalation in the Russia-Ukraine conflict. Brent crude closed at $73.30 per barrel, while WTI crude ended at $69.16 per barrel, both posting 3% daily gains.
read more... 19/11/2024
China, EU reach ‘technical consensus’ over EV tariffs
China and the European Union have reached “technical consensus” in talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles, according to a posting on a Weibo account affiliated with the state-run China Central Television.
read more... 19/11/2024
SMRs to help decarbonise Dutch energy system
Small modular reactors could play an important role and contribute to the Dutch energy transition, a joint report by NRG-Pallas and TNO concludes. The study shows that there is room for more than 13 SMRs in 2050.
read more... 19/11/2024