Latest news
Novatek sees LNG supply shortfall by 2030
LNG supply could fall short by about 150mn t/yr by the end of this decade without additional FIDs, an issue that "needs to be addressed", Novatek chief financial officer Mark Gyetvay said at the virtual European Gas Conference.
read more... 10/02/2021
Daily (09.02.2021): Oil prices ended at their highest levels since January 2020 amid supply cuts, stimulus optimism
Crude oil futures rallied to their highest levels since January 2020 amid Saudi Arabia’s extra supply cut from February, U.S. stimulus hopes and dollar weakness. Hence, Brent crude for April delivery soared by $1.22, or 2.1%, to close at $ 60.56 a barrel. U.S. WTI crude increased by $1.12, or 2%, to settle at $57.97 a barrel.
read more... 09/02/2021
bp and EnBW selected as preferred bidders for 3GW offshore wind in Irish Sea
bp and German energy company Energie Baden-Wuerttemberg AG (EnBW), have been awarded two offshore wind farm leases in the Irish Sea, with a total capacity of 3GW.
read more... 09/02/2021
India to be largest source of energy demand growth to 2040
India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency (IEA) said.
read more... 09/02/2021
German, Canadian reactors set new world records
The single-unit Grohnde nuclear power plant in Germany has produced more than 400 terawatt hours of electricity since it started up in 1984 - the only reactor to have achieved this milestone. Meanwhile, unit 1 of Canada's Darlington nuclear power plant has set a new world record with 1106 consecutive days of continuous operation.
read more... 09/02/2021