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UK stands by offshore oil, gas licensing despite rising tensions over net-zero targets
The UK will still consider offering new offshore oil and gas licenses in the future, energy minister Anne-Marie Trevelyan said June 23, despite rising pressure on the country to ban new exploration in the wake of a landmark report on global carbon emissions by the International Energy Agency.
read more... 24/06/2021
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Norway Expands Arctic Oil Exploration
Norway has awarded four new exploration licenses in frontier Arctic areas as it looks to support its oil and gas industry, as well as value and job creation, the Ministry of Petroleum and Energy said on Wednesday.
read more... 24/06/2021
Daily (23.06.2021): EUAs climbed above 53 EUR/tonne on Tuesday, bolstered by strong gas, coal prices
Crude oil futures retreated on Tuesday, with Brent crude rathe flat following a day with no major events. However, expectations that OPEC+ may decide to further boost crude production starting in August added further pressure on oil prices. Hence, Brent crude steadied at $74.81 a barrel. At the same time, U.S. WTI crude decreased by 1.1% to $72.85 a barrel.
read more... 23/06/2021
Austria starts process on geothermal for heat development roadmap
The Austrian Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology (Bundesministerium für Klimaschutz, Umwelt, Energie, Mobilität, Innovation und Technologie) and the Climate and Energy Fund are starting the process of drawing up a research and development roadmap (R&D roadmap) for geothermal energy in Austria.
read more... 23/06/2021
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Spain to suspend 7pc power generation tax in 3Q
The Spanish government will suspend a 7pc blanket tax on power generation for the third quarter as part of provisional measures to mitigate the impact of high wholesale electricity prices on consumers' bills, environment and energy minister Teresa Ribera said.
read more... 23/06/2021