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…
Russia’s Druzhba Oil Flows Continue After Ukraine Strike
Hungary has reported that oil flows from Russia via the key Druzhba oil pipeline have continued after it came under attack by Ukraine on December 1. According to Mol Nyrt,…
Ex-Pornhub Owner Reportedly Interested In Lukoil Assets
Austrian businessman Bernd Bergmair, former majority owner of Pornhub, has approached the U.S. Treasury about buying assets of Russian oil major Lukoil after the Trump administration sanctioned the company. “Obviously…
ADNOC in Talks to Buy SEFE Trading Arm
Germany has begun preliminary discussions with potential investors – including Abu Dhabi National Oil Co. – about a deal to buy the trading unit of SEFE, as the government looks at options…
