Belgium

Oil & Gas Exploration

Exxon progresses with 6th oil project in Guyana

An Exxon Mobilled oil consortium on Friday gave the financial green light to its 6th oil advancement job in the Stabroek Block in overseas Guyana after getting the required federal government and regulatory approvals. Production at the $12.7 billion Whiptail job in the 6.6-million-acre Stabroek block, owned and run by a. consortium including Exxon, Hess Corp and China's CNOOC. Ltd, is anticipated to start in 2027. The task will add capability of 250,000 barrels of oil per. day (bpd), bringing the total gross production capacity of the. block to about 1.3 million bpd by end of 2027. Shares of Exxon...

Energy Markets

EU antitrust regulators drop probe into EPEX SPOT on inadequate premises

EU antitrust regulators have actually scrapped an investigation into Parisbased power exchange EPEX SPOT since there was not enough evidence to continue the probe, the European Commission said on Friday. EPEX SPOT found itself in the EU antitrust crosshairs in 2021 on concerns that it may be obstructing competitors in the intraday power markets in France, Germany, Austria, Belgium, Luxembourg and the Netherlands. The case was activated by a problem. After carefully examining the accusations raised in the complaint, the Commission has actually come to the initial conclusion that there are insufficient premises for conducting a further investigation into this...

Carbon Emissions

Belgian farmer takes TotalEnergies to court, seeking climate damages

A Belgian farmer is taking French oil and gas business TotalEnergies to court, looking for compensation for climate changefuelled damage to his farm and a legal order for the business to halt financial investments in new fossil fuel jobs. The case, filed on Wednesday at the Tournai commercial court, is the very first climate change-related suit in Belgium to target a multinational business. It follows a case in which thousands of residents effectively taken legal action against the Belgian government to demand stronger greenhouse gas emissions cuts. A representative for TotalEnergies declined to discuss the case. Hugues Falys, who farms...

Pollution

Belgian farmer takes TotalEnergies to court, seeking environment damages

A Belgian farmer is taking French oil and gas business TotalEnergies to court, seeking compensation for damage to his farm connected to climate modification and a legal order for the business to stop financial investment in brand-new nonrenewable fuel source tasks. The case, submitted on Wednesday at the Tournai commercial court, is the first environment change-related claim in Belgium to target an international business. It follows a case in which thousands of people successfully took legal action against the Belgian government to require stronger greenhouse-gas emission cuts. Hugues Falys, who farms cattle in the municipality of Lessines, is seeking to...

Electric Utilities

RWE examines choices for stake in high-voltage power grid Amprion

RWE, Germany's most significant electrical energy manufacturer, is thinking about choices for its minority stake in Amprion, among Germany's 4 highvoltage power transmission networks, the business said on Tuesday, possibly leading the way for a sale. In view of the high capital requirements for grid growth, we are currently analyzing various options and financing possibilities in relation to our Amprion investment, a representative for RWE said in emailed comments. Handelsblatt earlier reported, mentioning sources acquainted with the matter, that RWE was thinking about offering its 25.1% stake in Amprion which a sales process might potentially begin this year. The stake...

Natural Gas Utilities

Russia's first-quarter LNG exports rise 4.3%, Kommersant reports

Russian exports of liquefied gas (LNG) increased 4.3% in the very first quarter to 8.7 million metric heaps from a year earlier, with an increase in supply to the European Union and less going to Asia, Kommersant daily reported on Monday mentioning Kpler information. Russia has been cranking up supply of sea-borne very cooled LNG to make up for a fall in pipeline gas exports to Europe, which has drastically reduced its energy reliance on Moscow following the start of the conflict in Ukraine in February 2022. Russian LNG, unlike oil, has not been under Western sanctions. According to Kommersant,...

Oil & Gas

Quotes from Dutch business on the worsening service environment

In action to questions from , more than a lots Dutch companies stated they were worried about the nation's organization climate, while others have actually spoken openly. Here is a choice of comments: SIMPLY EAT TAKEAWAY Meals business Just Eat Takeaway CEO Jitse Groen said that as a little country, the Netherlands does not have the high-end of rolling out less beneficial organization policies. There is no point for business to select the Netherlands without extremely educated foreign workers and without excellent flight connections, and with tax downsides and limiting policies, he stated in a statement on X. KLM KLM,...