On Wednesday, oil prices saw an increase of over 3%, driven by the shutdown of a significant oil field in Libya due to protests. This occurred against the backdrop of tensions in the Red Sea that raised concerns about potential supply disruptions. As a result, Brent crude settled at $78.25, while WTI crude closed at $72.70 per barrel.
read more... 04/01/2024
A group of pro-nuclear EU countries led by France will present a paper to the European Commission on Tuesday asking for a "level playing field" for nuclear energy in the bloc's fight against climate change, a draft of the paper seen by Reuters showed.
read more... 11/07/2023
Norway's government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
read more... 30/06/2023
The government has granted permission for the construction of Longfield Solar Farm, the largest-ever solar farm in the country.
read more... 27/06/2023
Electricity from a newly developed wind farm off the coast of Scotland in the north of the UK may be used to power the Rosebank oil field.
read more... 27/06/2023