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Daily (11.08.2021): European day-ahead electricity prices hovered at around 100 EUR/MWh on Tuesday amid halving wind, spiralling gas prices, strong demand
Oil prices moved cautiously higher on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States offset concerns over an increase in COVID cases in Asian countries. Hence, Brent crude rose by $1.59, or 2.3%, to settle at $70.63 a barrel. U.S. WTI crude settled $1.81, or 2.7%, higher at $68.29 per barrel. Both contracts dropped by around 2.5% on Monday, but analysts believe the pandemic turbulence will be short-lived.
read more... 11/08/2021
BP sees potential for green hydrogen, ammonia plant in Australia
The production of green hydrogen and green ammonia is technically feasible at scale in Australia, but will require a major investment in port, electricity and water services, BP said on Wednesday, based on the findings of a study.
read more... 11/08/2021
BP sees potential for green hydrogen, ammonia plant in Australia
The production of green hydrogen and green ammonia is technically feasible at scale in Australia, but will require a major investment in port, electricity and water services, BP said on Wednesday, based on the findings of a study.
read more... 11/08/2021
Pilot project to extract lithium at Bruchsal geothermal plant, Germany
Lithium for 20,000 car batteries is to be extracted in Bruchsal, according to the goal of the project partners energy utility EnBW and Karlsruhe Institute of Technology KIT , as reported by local news station SWR. The prototype is scheduled to go into operation at the Bruchsal site at the end of the year. Then it should be checked whether what has already been successfully tested in the laboratory also works in practice. The prototype should run for over a year. We previously reported on the plans.
read more... 11/08/2021
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First oil at Norway's Rolvsnes field
Norway-focused independent Lundin Energy has started crude production from an extended well test (EWT) at the Rolvsnes field in the Norwegian North Sea.
read more... 11/08/2021