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Norway expects jump in oil output and gas near record highs
Norway's oil output is expected to rise by 6.9% this year as the huge Johan Sverdrup field ramps up production while gas volumes are predicted to remain unchanged near record highs, the Norwegian Petroleum Directorate (NPD) said on Monday.
read more... 10/01/2023
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Coal Demand To Remain Robust In 2023
Despite bold climate pledges from a plethora of major world powers, it seems that many are unable to break their addiction to coal, as consumption is set to hit an all-time high (once again). Several countries have launched climate strategies that include the phasing out of coal production and use over the coming decades, however with gas shortages and a long road to getting enough renewable energy operations running to meet global demand, many continue to rely on coal for power and industry. While coal use is expected to decrease in the long term, to be replaced by natural gas and renewable alternatives, demand is set to remain strong in 2023
read more... 03/01/2023
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Britain opens nuclear fuel fund with aim to cut reliance on Russia
Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications.
read more... 02/01/2023
Norway's Equinor resumes production from Njord field following upgrade
Norway's state-controlled Equinor has resumed production at the Njord oil and gas field in the Norwegian Sea, it said Dec. 28, after a six-year hiatus while upgrade work was carried out.
read more... 29/12/2022
Daily (13.12.2022): European carbon prices jumped to a 3.5-month high as traders await trilogue outcomes and position for options expiry
Crude oil prices rebounded on Monday amid the uncertainty about the restart of the Keystone Pipeline in North America following a leak and as the market prepares for possible curbs in Russian oil production. Hence, Brent crude increased by 2.5% to $77.99 a barrel. U.S. WTI crude settled at $73.17 a barrel, rising by 3%.
read more... 13/12/2022