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Coronavirus widens climate rift between European and U.S. oil majors
Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with executives.
read more... 18/05/2020
French group Total buys up some assets from Portugal's EDP
French energy group Total (TOTF.PA) said on Monday it had agreed to buy up a large customer portfolio from Energías de Portugal (EDP.LS) and two of EDP’s gas-fired combined cycle power plants, making it a leading player in the Iberian market.
read more... 18/05/2020
Daily (18.05.2020): Brent crude gained 5% and WTI 19% for the week, driven by a mix of bullish news
Crude oil futures climbed on Friday, as worldwide countries eased travel restrictions and following the release of better than expected Chinese industrial production data, indicating a recovery in oil demand. Hence, Brent crude settled up $1.37, or 4.4% a barrel at $32.50, while the U.S. WTI crude soared by $1.87, or 6.8%, to close at $29.43 a barrel. Both contracts posted gains for the third consecutive week.
read more... 18/05/2020
Vestas to supply 11 wind turbines to Dutch wind energy project
The turbines could generate as much power as the annual consumption of 60,000 Dutch households.
read more... 18/05/2020
Poland prepares a new blow to Russian gas supplies to Europe
Russian gas giant Gazprom continues to face problems in the European gas market, where demand and prices have collapsed and volume of gas in storage has reached a historic record, repots finanz.ru.
read more... 15/05/2020