The Russian pipe-laying vessel, the Akademik Cherskiy, will join in the construction of the Nord Stream 2 undersea gas pipeline in Danish waters at the end of March, the RIA news agency reported on the 18th March. The consortium behind Nord Stream 2 has…
As battery energy storage system (BESS) costs keep dropping, the nation’s utilities are finding that there has never been a better time to invest in reliable, renewable energy storage. According to FlexGen, the nation’s second-largest energy storage technology company, battery system prices have dropped…
Equinor has secured funding from UK authorities for three CO2 emissions projects in north-east England. The collective aim of the company and its partners is to create the world’s first net zero industrial cluster by 2040. Funds will be issued under the UK’s…
Iraqi and Egyptian officials have discussed the possibility of extending the Basra-Aqaba pipeline to Egypt. The matter was discussed at a meeting on the 18th March between Iraq’s Oil Minister Ihssan Abdul-Jabbar Ismail the Egyptian Ambassador to Iraq. A press release after the…
Indian refiners plan to buy less oil from the Middle East in the coming months as OPEC+’s supply restrictions makes US crude more attractive. Strong gasoline demand due to people favouring private vehicles amid the Covid-19 pandemic and a slower recovery in diesel is also giving…
Italian oil company Eni has revealed that the UK Government granted £33 million (US$45.85 million) to support the HyNet project focused on the decarbonisation of the industrial district in the north-west of England with CO2 capture and storage. Eni said on the 17th March…
Iranian Offshore Oil Company has rehabilitated four damaged wells at the Nowruz field in the Persian Gulf. According to news service Shana, wells 5, 6, 7 and 8 caught fire during an air attack in the Iraq-Iran war of the early 1980s. Due…
The UKSMR consortium led by Rolls-Royce has joined European nuclear industry group FORATOM, as it develops its global reach and eyes a vibrant export market. The UKSMR consortium is designing a low-cost factory built nuclear power station, known as a small modular reactor (SMR)….
Germany is betting the US administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of US opposition, officials and diplomats said. To try to block the…
Neste Corporation has selected Rotterdam to potentially site a proposed renewables refinery as part of the operator’s plan to expand its existing European feedstock and production platform for renewable products. Conclusions of a study examining possible locations in Porvoo, Finland, and Rotterdam – two…
