naturalgas
North Sea gas company Serica Energy says it is considering pulling out of Britain and look at establishing itself in Nordic countries such as Norway, because of the UK's increasingly heavy tax regime. If so, this could be a significant blow to Britain's energy sector, which has seen several offshore energy companies exit the country following steep tax hikes. Serica Energy currently accounts for approximately 600,000 barrels of oil per day, as well as about 5% of gas supply in the UK. The UK's attractiveness as a drilling destination has been falling recently, following taxes on UK oil and gas...
Euronews (English)
The European Commission is sticking to a goal of ramping up ‘green’ hydrogen production from almost nothing to millions of tonnes a year by 2030 despite the European Court of Auditors (ECA) concluding today (17 July) that the target looks more aspirational than realistic. “The EU is unlikely to meet the targets it set for 2030,” lead author Stefan Blok told reporters ahead of the publication of an ECA report into EU hydrogen policy. “As a result, four years after the publication of the Hydrogen Strategy, we are calling for a reality check.” The highly flammable gas has been touted as a ‘green’...
Euronews (English)
The European Union stands at a critical juncture, confronting the dual crises of escalating climate threats and geopolitical instability. From the devastating impacts of climate change to the recent energy turmoil sparked by Russia’s aggression in Ukraine, the EU’s vulnerabilities are glaring. The European Green Deal, a commitment made by all member states, mandates a rapid decoupling from natural gas. This presents both a daunting challenge and a remarkable opportunity. In the Baltic-Finland region, natural gas consumption varies, with usage rates at 3% in Finland, 6% in Estonia, 16% in Latvi...
Euronews (English)
In the world's transition to a low-carbon footprint, natural gas is expected to play a key role in supporting demand. Meanwhile, the artificial intelligence (AI) boom is set to spur its utilisation in electricity consumption. Since mid-April, the US natural gas futures prices have surged by approximately 62%, and the Dutch gas futures rose 18% due to intensified geopolitical tensions in the Middle East, reduced production in the US, supply disruptions in Norway, and expectations of growing demand Demand for natural gas is expected to growAccording to S&P Global Commodity Insights, "global powe...
Euronews (English)
The Po Delta covers an area of around 500 km2 in northeast Italy. Located around an hour south of Venice, the wetlands veined with rivers are some of the largest and richest in the Mediterranean. Partly created by slow sedimentation and partly by human reclamation efforts, the park is a complex mosaic of lagoons, marshes, beaches and farmland. However, the UNESCO-designated biosphere reserve is engaged in a long-standing battle against the encroaching Adriatic Sea. Now, a reignited project to drill for gas offshore is prompting fresh fears of flooding. Italy’s UNESCO-designated delta is sinkin...
Euronews (English)
Companies would be largely free to rely on carbon offsetting to back up their claims to be climate friendly, under a leaked draft inter-governmental position on a European anti-greenwashing directive, sparking criticism that one set of standards might apply to companies and another to the products and services they sell. In an updated compromise text, dated 22 May and seen by Euronews, Belgium has made what may be its final attempt to forge an inter-governmental position on a proposed Green Claims Directive before it hands over the rotating presidency of the EU Council to Hungary in July. A ke...
Euronews (English)
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