1. How is ChatGPT changing the oil and gas industry?
Since its launch just 10 months ago, ChatGPT has sparked new discussions and debates on the growing role of artificial intelligence in our daily lives. Hadley Benton, Executive Vice President of Business Development at US transport company Fleet Advantage, shares his views on the opportunities and challenges presented by AI tools such as ChatGPT for oil and gas companies with transportation fleets. Read the full story here.
2. EBRD to finance Poland’s “Baltic Power”
Moving away from the digital space to the world of renewables, the European Bank for Reconstruction and Development (EBRD) has announced a 140 million euro loan to finance the construction of Poland’s first offshore wind farm under the “Baltic Power” project. Once operational, the wind farm is expected to generate around 2-3 per cent of Poland’s current power generation. Read the full story here.
3. Bulgartransgaz enters green hydrogen
Bulgarian natural gas transmission and storage company Bulgartransgaz has signed a Memorandum of Understanding (MoU) with Glavbolgarstroy Holding, Solar Turbines, Honeywell, and Pietro Fiorentini to develop a pilot project for the production and use of green hydrogen for technological needs in the Chiren underground gas storage facility. Read the full story here.
4. Could Serbia’s Jadar project be revisited?
Serbian Minister of Mining and Energy Dubravka Đedović Handanović recently said that Serbia needs to “responsibly consider” how to approach its critical natural resources in the future – including lithium. She noted that the ‘Jadar’ lithium mining project was revoked “before we had a chance to see the results of the Environmental Impact Assessment.” Read the full story here.
5. Elering to increase gas transmission prices
While reduced gas consumption has generally been perceived positively amid energy supply concerns, Estonian electricity and natural gas transmission company Elering has said that it will increase gas transmission service prices at the end of the year. due to reduced consumption. Read the full story here.