Latest news
France announces simplification measures for geothermal permitting
France’s Ministry of the Economy, Finance, Industrial and Digital Sovereignty has announced measures to simplify the mining procedures related to geothermal energy, CO2 storage, and critical minerals. Among other improvement, the new measures aim to cut the permitting time by half for exclusive research permits related to geothermal projects.
read more... 16/04/2024
EU approves €1 billion to fund Greece's renewable initiatives
The European Union has approved €1 billion in support for two renewable energy production and storage projects in Greece, the EU Commission announced on Tuesday.
read more... 03/04/2024
.jpg)
Europe Makes It To the Other Side of Winter With Record Levels of Natural Gas
Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground.
read more... 03/04/2024
Daily (21.03.2024): Forward gas prices dropped sharply on Wednesday amid ample storage levels and strong Norwegian flows
On Wednesday, oil prices fell as the dollar weakened after the Fed announcement, while investors took advantage of recent price spikes amidst worries about possible supply disruptions in Russia. As a result, Brent crude oil fell by about 2% to settle slightly below $86 a barrel, while WTI crude declined by around 3% to stand at $81.27 a barrel.
read more... 21/03/2024
Norway’s Ambitious Plan to Store Carbon Dioxide in the North Sea
Norway has big plans to pump waste carbon from oil and gas operations and heavy industry under the seabed of the North Sea to be stored safely underground. It believes this method will be key to decarbonizing its fossil fuel activities in the coming years and supporting a green transition. However, some fear that this process cannot be done safely without risk to the environment. Others believe that carbon capture and storage (CCS) is merely a band-aid on a bullet wound and that countries should be fixing their carbon problem at the source rather than mitigating the effects of fossil fuel production. Nonetheless, so long as the world relies on oil and gas, companies will be looking for ways to produce lower-carbon fossil fuels through innovative methods, such as CCS technology.
read more... 14/03/2024