Latest news
New oil and gas discovery in the Norwegian Sea
Recoverable resources so far have been estimated at between three million and 4.2m standard cubic metres of oil equivalent
read more... 23/04/2021
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Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid
UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be made possible by a 3,800 km high voltage direct current (HVDC) transmission line that would be connected to locations in Wales and Devon. The company’s CEO, Simon Morrish, spoke with pv magazine about the ambitious project, and on how it should become feasible.
read more... 23/04/2021
Daily (22.04.2021): Crude oil prices lost 2% on Wednesday, influenced by an increase in US crude stocks
Crude oil prices were bearish on Wednesday, pressured by an increase in US commercial crude stocks. Furthermore, concerns over the number of Covid-19 infections which limits global consumption also weighed on prices. As such, Brent oil lost 1.9% to close at $65.32 a barrel and WTI crude fell by 2.1% to $61.35 a barrel.
read more... 22/04/2021
EU defers decision on gas and nuclear as 'green' energy
The European Commission will not decide on whether to classify gas and nuclear energy as a possible green investments until later this year. The delay has caused controversy among some NGOs and consumer groups, who say fossil fuels such as gas should not be considered 'green'.
read more... 22/04/2021
Global oil demand to peak in 2026-Rystad Energy
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway's biggest independent energy consultancy Rystad said on Wednesday.
read more... 22/04/2021