South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East. Discussions focus on opening markets for products and services, improving environmental trading conditions and intellectual property rights.
Entergy Services has filed a waiver request with the Federal Energy Regulatory Commission for the next three seasonal capacity auctions in the Midcontinent Independent System Operator (MISO), citing new seasonal capacity certification rules that significantly reduce the value of certain fossil fuel plants.
Copenhagen Infrastructure Partners has announced the acquisition of the Envo Biogas project in Tønder, Denmark, from Anaergia. This transaction marks the first investment by CI Advanced Bioenergy Fund I in the development of projects across Europe and North America that produce green gas and green fuels from organic waste.
Sámi activists and Greta Thunberg gathered in front of the Norwegian Ministry of Energy yesterday to protest against the violation of fundamental rights through a wind turbine project still in place despite a court decision.
Cepsa and Fertiberia have signed an agreement to jointly develop a large-scale renewable hydrogen plant in Huelva, using green energy and other renewable gases. Thanks to this alliance, both companies will be able to decarbonize their consumption by using green hydrogen, thus reaching the goal set for all of Spain by the end of the decade.
BP’s chief executive Bernard Looney is to receive a one-off bonus of £11.4 million, following the rise in oil prices in 2022. The announcement is raising questions among investors and increasing political pressure on BP, which is facing calls for higher taxes on windfall profits.
Cepsa and Damas have announced their partnership to promote the use of green hydrogen in intercity transport in Spain. This marks the first agreement of its kind in the country and will contribute to the energy transition towards sustainable solutions.
Four ex-employees of RTE, manager of the high voltage lines, are judged for obstructing the operation of the electricity network. The defendants are suspected of having caused a “loss of remote control” of electrical substations on the remote network, in the midst of a labor dispute over wages and against the backdrop of the energy crisis. The CGT denounces a “union criminalization of strike actions”.
The deal to take over bankrupt Britishvolt from Australian start-up Recharge Industries has been delayed as administrators need more time to review the start-up’s plans. Britishvolt went bankrupt in January, dealing a blow to the British government’s ambitions to achieve carbon neutrality by 2050.
In a new step to expand the U.S. clean energy economy, the Department of the Interior has announced the first-ever offshore wind lease sale in the Gulf of Mexico. The announcement is part of the latest moves by the Biden-Harris administration to expand offshore wind opportunities to more parts of the country and create good-paying jobs for American workers.
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