The Commission urged Bulgaria, Spain, France, Italy, Cyprus, the Netherlands, Slovakia, and Sweden to transpose EU rules accelerating permitting procedures for renewable energy projects. The rules, in Directive (EU) 2023/2413, amend the Renewable Energy Directive (Directive (EU) 2018/2001), providing new rules to simplify and shorten permitting procedures for renewable energy projects and infrastructure projects necessary to integrate additional capacity into the electricity system.
OPEC+ has not discussed delaying the increase in its oil supply currently planned to begin in April, Russian Deputy Prime Minister Alexander Novak said on Monday.
Early this month, the federal budget outlined plans for a significant push toward nuclear energy as part of India’s long-term energy transition strategy. The government now targets the country to have 100 GW of nuclear power generation capacity installed by 2047, “positioning nuclear energy as a major pillar in India’s energy mix,” the cabinet said.
“The terrorist strike was delivered using seven unmanned aerial vehicles loaded in addition to explosives with shrapnel. The attack was timed, aiming to not only disrupt service of the facility but also cause casualties among the station’s operations personnel,” CPC said in a statement.
U.S. gasoline prices have resumed their uptrend, with AAA reporting the national average at $3.161 per gallon of regular compared to $3.139 a week ago and $3.115 a month ago. The national average price of diesel has increased 0.8 cents and now stands at $3.632 per gallon.
Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing that revenue from this new fossil fuel supply could help finance a transition to green energy. Located in the Equatorial Margin, the offshore site, Bloc 59, is about 160 kilometers (99 miles) off Brazil’s eastern coast. Brazil’s environmental regulator rejected a license in 2023, citing issues such as the risk of oil spills that could affect one of the world’s most biodiverse regions. State-run oil giant Petrobras (NYSE:PBR) estimates the potential reserves in the basin at 10 billion barrels.
Woodside has talked to at least three potential partners for the Louisiana LNG project, Reuters has reported, citing unnamed sources as saying the suitors include Japan’s JERA and Tokyo Gas, along with Aramco-backed MidOcean Energy.
In a bid to revitalise Ghana’s declining oil and gas sector, Energy Minister John Jinapor has met with members of the Ghana Upstream Petroleum Chamber to discuss key challenges and potential solutions.
The OPEC Fund for International Development and the Industrial Development Bank of Türkiye (TSKB) have signed an agreement for a EUR 50 million ($52.46 million) loan to support climate- and circular economy-related projects in the Mediterranean country.
West Texas Intermediate’s front-month futures were trading at as little as 1 cent more per barrel than contracts for the next month out, down from a premium of $1.52 about a month ago. It’s the weakest the so-called prompt spread has been since November, when it turned negative in a bearish structure known as contango. WTI’s March futures slid to settle below $71 a barrel.