Analysts See ‘5-10 Years of Decent Growth’ for Oil Demand
In a report sent to Rigzone by the Morningstar team this week, Morningstar analysts said they believe oil demand “still has five to 10 years of decent growth before plateauing…
China and India Ramp Up Thermal Coal Imports as Winter Demand Looms
Imports of thermal coal into China and India went up last month, with the two seeing shipments of a total of 44 million tons. China imported 30.96 million tons of…
UK Unveils $11 Billion Clean Energy Plan to Turbocharge Wind, Solar, and Storage
The UK government has released a five-year plan that essentially doubles down on efforts to reduce emissions of carbon dioxide as a top priority in the energy space. The plan…
Norway Abandons Deep Sea Mining Plans
Norway has temporarily halted its deep-sea mining plans by postponing the first licensing round until at least 2029, following a political agreement with the Socialist Left Party for the state…
Oil and gas firms push back against EU CO2 storage rules
At least 15 oil and gas producers have filed legal challenges against the European Commission, contesting the carbon dioxide injection capacity rules set under the Net Zero Industry Act (NZIA).…
Europe to channel ETS revenues into clean tech
The European Commission is to channel €5.2bn in revenues from the Emissions Trading Scheme into clean transition technologies under the Innovation Fund. Revenues will be directed into the Net Zero…
Air Liquide and Hyundai to set up key hydrogen hubs
Industrial gases major Air Liquide and Hyundai Motor Group have reaffirmed their intention to drive hydrogen development by establishing key hubs in Europe, the US and South Korea. The collaboration…
400+ Bilfinger Workers Support Strike Action
UK union Unite announced, in a statement sent to Rigzone this week, that over 400 offshore members employed by Bilfinger UK Limited “have supported taking strike action in an escalating…
UK grid investment allocates £20m biomethane funding and aims to cut industrial bills
The UK’s energy intensive industries could see bills fall by around 10-to-15% following a £28bn grid upgrading investment which includes £20m funding for biomethane. Most of the funding (£17.8bn) will go…
UK grid investment allocates £20m biomethane funding and aims to cut industrial bills
The UK’s energy intensive industries could see bills fall by around 10-to-15% following a £28bn grid upgrading investment which includes £20m funding for biomethane. Most of the funding (£17.8bn) will go…
