Latest news
Munich, Germany aims for CO2-neutral heating by 2040, primarily with geothermal
Munich city utility Stadtwerke München (SWM) has laid out a plan for the heating transition in Munich, Germany that aims to establish CO2-neutral heating by 2040 at the latest, ahead of the 2045 target set by the federal government. With much of this capacity to come from geothermal, SWM is undertaking the expansion of heating networks, new geothermal projects, and additional drilling.
read more... 26/03/2024
EUR 195M guarantee fund approved for deep geothermal projects in France
The European Commission has approved under EU state aid rules a French aid scheme to set up a guarantee fund for deep geothermal operations. The fund will be implemented for a period of 10 years and may provide compensation for deep geothermal projects, providing some protection against the risk linked to the high degree of uncertainty of deep geothermal resources during drilling.
read more... 10/08/2023
BP ventures back into oil frontiers to boost output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
read more... 11/05/2023
Norway Set To Accelerate Arctic Oil And Gas Drilling
Companies operating in the Norwegian Continental Shelf are planning for more drilling in the Arctic areas in the Barents Sea, encouraged by Norway’s government which wants more oil and gas discoveries to boost energy security and help European partners with energy supply.
read more... 04/05/2023
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Netherlands, Germany to jointly drill for gas in North Sea
The Netherlands and Germany will jointly drill for a new gas field in the North Sea, the Dutch Ministry of Economic Affairs and Climate announced.
read more... 02/06/2022