In November 2023, the Environmental Licensing Directorate of the Ministry of Environment and Energy approved the environmental conditions for the first exploratory drilling of hydrocarbons in Greece after decades. Essentially, after 9 whole years since the “Ioannina” block was granted, the way was opened for the first drilling. Nine years in which investors Repsol (withdrawn) … Read more
climate Patrick Pouyanné. – © epa-efe In 2040, the world will still consume more than 100 million barrels of oil, according to Patrick Pouyanné, CEO of TotalEnergies. Policymakers need to work on adaptation to a warmer climate. Patrick Pouyanné, CEO of TotalEnergies, has a business and pragmatic view of the world. If his company, one … Read more
Jakarta – Large-scale helium deposits have been discovered hundreds of meters underground at a drilling site in Minnesota, United States. The helium content was discovered in the early hours of February 28, 2024 by Pulsar Helium. While drilling an exploratory well, they found a concentration of 12.4% helium at a depth between 533 and 671 … Read more
The demand for alternative sources of heating and hot water heating increased rapidly after Russia’s invasion of Ukraine in early 2022 and the subsequent energy crisis. Political groupings across the European Union thus began to look for alternatives to replace natural gas, on which many countries, including the Czech Republic, depended and a large part … Read more
Brent crude rose above $90 a barrel for the first time since last October, as geopolitical tensions and production cuts outweighed caution over interest rate cuts by the US Federal Reserve. Brent crude futures for June rose $1.30, or 1.5 percent, to $90.65 per barrel, while US West Texas Intermediate futures for May rose $1.16, … Read more
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Among the EU member states, the most vulnerable countries are Austria and Slovakia, which continue to import a significant amount of Russian gas through Ukraine. However, these countries are also starting to talk about new sources of gas supplies to mitigate the negative consequences in case gas transit is interrupted. “Gazprom” will supply approximately 40 … Read more
By: Jan W. Schäfer Robert Habeck (54, Green Party)’s energy transition problems are not going away. Now nine real estate associations are sounding the district heating alarm! In a letter to Habeck (available exclusively from BILD), they make it clear: The district heating rules from Habeck’s Ministry of Economic Affairs urgently need to be revised. … Read more
AFP NOS Nieuws•vandaag, 17:00 Rolf Schuttenhelm editor Climate and Energy Rolf Schuttenhelm editor Climate and Energy Accelerating sustainable energy while retaining the option to extract oil and gas yourself. It seems contradictory, but the Netherlands and Europe would do well to strengthen our security, experts tell NOS. That security is at risk, and society must … Read more
After Russia’s invasion of Ukraine, the energy crisis and unimaginable costs in fuel prices have been the dominant narrative in Europe. However, the plunge in natural gas prices, and the de-escalation of oil prices from triple digits, combined with high storage rates in Europe eased concerns. Optimism was further boosted by the mild winter and … Read more
Two explosions that occurred on the night of Tuesday to Wednesday caused damage to the central conduit which transports natural gas from the south to the north of Iran, the country’s authorities announced, speaking of an act of “sabotage and terrorism”. “This act of sabotage and terrorism took place at around 1:00 a.m. Wednesday on … Read more