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North Sea oil and gas sector has decades-long energy transition role
The oil and gas sector will continue playing a role in the energy transition for "decades to come," from decarbonizing operations to capturing emissions at industrial facilities, BP production and operations head Gordon Birrell told the Offshore Europe conference Sept. 7.
read more... 09/09/2021
Europe Is Subsidizing Its Way Into Electric Vehicle Leadership
As Europe looks to lead the world in electric vehicle (EV) uptake, many governments are incentivizing the switch from traditionally-fuelled cars to electric alternatives, hoping to end the sale of petrol and diesel vehicles and get on the path to net-zero carbon emissions over the next decade. As major automotive manufacturers catch up with niche EV brands such as Tesla, Europe is ready to build up its EV market through incentives such as subsidies, free electric charging options, tax breaks, and a wide variety of EV options for consumers. Several European countries are now leading the way for EV promotion, racing to get ahead of rich Asian nations and North American competitors also looking to make the shift.
read more... 09/09/2021
Daily (08.09.2021): European front-year power contracts hit fresh all-time highs amid strong gas, coal
Crude oil futures retreated on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia raised fears over slower demand, but strong Chinese economic data and U.S. output outages limited losses. Hence, Brent crude declined by 0.7% to settle at $71.69 a barrel. U.S. WTI crude lost 0.8% to end at $68.35 a barrel.
read more... 08/09/2021
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Spanish government to present measures to bring down soaring electricity prices
Spain’s executive will “imminently” present a new package of urgent measures to reduce the fast increase of electricity prices on the wholesale market, the Spanish government announced on Tuesday (7 September).
read more... 08/09/2021
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Final piece of Nord Stream 2 in place
The last section of the Nord Stream 2 gas pipeline has been welded into place, its operator said on Monday, meaning the two long stretches of the pipe can now be joined to complete the Baltic subsea link.
read more... 08/09/2021