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What stranded asset? Norway opens up 3 old, gas and oil fields and 70 new exploration sites

ConocoPhillips Greater Esofisk area, Norway.

By Jo Nova

Look how fast Norway is moving

While Australia and the UK pat themselves on the back, telling themselves that no one is interested in fossil fuels, the market price tells another story. Norway, meanwhile, is going gangbusters on project development.

The EcoWorriers are not happy. These gas and oil fields were closed down in 1998 but there is still twenty years of gas and oil left to dig out. Production is due to start in 2028.

The end of fossil fuels was always a myth The Blob wanted us to believe.

Norwegian government attacked over decision to reopen North Sea gasfields

— By Miranda Bryant and Jillian Ambrose, The Guardian

Approval for exploration in 70 new areas prompts fierce backlash from fossil fuel opponents

Amid sharp price rises in oil and gas since the US and Israel’s attack on Iran in February, Oslo has also given its approval for oil and gas companies to explore in 70 new locations in the North Sea, Barents Sea and Norwegian Sea.

The decision by the Labour-run government goes against the advice of the country’s […]

May 7th, 2026 | Tags: | Category: Global Warming | Print This Post Print This Post | |

Europe Wind power “sh*t situation”: Norway vows to cut cables, Sweden “furious” blames Germany

By Jo Nova

People forget that while electricity flows down those long interconnectors, sometimes high prices flow back the other way.

The Dunkelflute (wind drought) and a cold weather spell means electricity is at nosebleed prices. In southern Norway usually people pay €0.18 per KWh but the electricity price rose to over €1.12 per kilowatt hour for the highest cost hour last week. In southern Sweden the electricity used for a 10 minute shower cost €2.65 compared to €0.01 in central Sweden.

Montel Analytics forecast German wind output to drop to 2.8 gigawatts, compared to a normal capacity of 19 gigawatts at this time of year. The shift in weather has forced Germany to burn more fossil fuels, fire up coal power stations, and import energy from France…

In Germany consumer prices hit €936 per megawatt hour at one point last week because wind energy had failed. This was the highest level in 18 years. Things were so bad, companies stopped production in Germany.

Due to record-high electricity prices in Germany, several companies, including some that have been in operation for over a century, have been forced to halt production. Currently, electricity prices have reached […]

December 16th, 2024 | Tags: , , , | Category: Global Warming | Print This Post Print This Post | |

Only 16 countries are even aiming to reach their Paris targets

The Paris Agreement was always fake news

Only 16 countries have set domestic targets for reducing greenhouse gas emissions that are clearly at least as ambitious as their pledged contributions to the goals of the Paris Agreement, according to an analysis published today (29 October 2018)…

Who are these environmental stars and global suckers?

The 16 countries with targets in national policies and laws that are compatible with their NDCs are:

Algeria, Canada, Costa Rica, Ethiopia,

Guatemala, Indonesia, Japan, FYR Macedonia,

Malaysia, Montenegro, Norway, Papua New Guinea,

Peru, Samoa, Singapore and Tonga.

“We found only six countries that have set economy-wide targets beyond 2030 in their NDCs – Iraq, Cameroon, Brunei, Armenia, Bhutan and Palestine. Only 16 countries plus the EU currently look beyond 2030 in their national laws, policies and directives…”

The committee writing the report seems to have a thing about “economy wide” targets probably because they are the most expensive, profligately wasteful and pointless schemes, like the Australian carbon tax which cost $5310 per ton of carbon reduced. Economy wide schemes […]

October 31st, 2018 | Tags: , , , | Category: Global Warming | Print This Post Print This Post | |