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Daily (13.02.2023): Oil prices increased over 2% on Friday as Russia plans to cut crude output by 500,000 bpd in March
Crude oil prices gained ground on Friday as Russia unveiled plans to cut oil production next month after the West imposed price caps on the country's crude and fuel. Brent crude rose by 2.2% to settle at $86.39 a barrel. U.S. WTI crude added 2.1%, to end at $79.72 a barrel.
read more... 13/02/2023
Cepsa, EDP combine green H2 plans at Spain's Algeciras
Portuguese power utility EDP and Spanish refiner Cepsa have combined their plans for green hydrogen production in Algeciras under the latter's Andalucian Green Hydrogen Valley initiative to develop 1GW of electrolysis.
read more... 31/01/2023
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Italy's Eni signs $8 billion Libya gas deal as PM Meloni visits Tripoli
Italian energy company Eni and Libya's National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country.
read more... 30/01/2023
Norway plans to offer record number of Arctic oil, gas exploration blocks
Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticised the risk to the environment.
read more... 26/01/2023
Construction of Finland's first green hydrogen plant begins
The construction of Finland's first industrial-scale green hydrogen production facility began on Friday, its future operator P2X Solutions said.
read more... 23/01/2023