The annual predefined areas (APA) rounds of exploration acreage are central to Norway's strategy of extending its oil and gas production, a policy fiercely opposed by environmentalists.

The package will introduce tax incentives worth A$7 billion for the processing and refining of 31 critical minerals and A$6.7 billion for renewable hydrogen production from the fiscal year ending June 2028 to the 2039-40 fiscal year.

Meralco and USNC signed a cooperative agreement in November 2023 to study the deployment of one or more micro modular reactor systems in the Philippines.

Brent rose 35 cents, or 0.4%, to $83.10 a barrel, WTI gained 40 cents, or 0.5%, to $79.03.

The country exported a total of 7.3 million barrels a day last month, down 6.4% from March, the Paris-based agency said in its monthly report published Wednesday. That’s Russia’s lowest oil exports in five months, the IEA estimates show.

The Indian government, earlier in 2024, issued an order applicable between May 1 and June 30 to increase power generation from gas-based power plants in anticipation of a power crunch this summer season.

The passage and signing of this law will ensure the U.S. will no longer be reliant on imported uranium fuel from the Russian Federation.

The legislation is designed to reduce US reliance on Russian uranium for nuclear fuel following Russia's 2022 invasion of Ukraine.

US production of 82,533 pounds U3O8 (32.1 tU) in the first quarter of 2024 was the highest Q1 production since 2018 and almost 80% more than production for the whole of 2023.

Brent were up 34 cents, or 0.4% at $82.71 a barrel, WTI rose 38 cents, or 0.5%, to $78.39 a barrel.

The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment at 2.2 mb/d.

Novak is taking on additional responsibility for economic development and anti-sanctions measures after former economic development minister Andrey Belousov was named new defense minister in a dramatic change of guard during the third year of full-scale war in Ukraine.

Relations between Russia and Western nations have been in the deep freeze since Moscow's full-scale invasion of Ukraine in February 2022, but Norway has been keen to keep some limited cooperation alive through the Arctic Council.

In July 2022, the European Parliament voted to include certain nuclear and gas activities within the European Union's list of officially approved "green" investments.

"Our plan is that by the beginning of the next decade the share of Hungary's energy provided by nuclear power will be between 60 and 70 per cent."