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New strategy requires UK oil and gas sector to support net-zero target
A revised Strategy from the UK’s petroleum regulator Oil & Gas Authority (OGA), featuring a range of new net-zero obligations for the UK oil and gas industry, was submitted for laying before the UK Parliament on Wednesday, 16 December 2020.
read more... 18/12/2020
Electricity prices set to fall in Sweden, Finland, rise in Norway over next 5 years
The change in prices results from rising demand from the transport sector and industry, the addition of wind power capacity and new interconnectors with the rest of Europe, the grid operator said
read more... 18/12/2020
Hydrogen Production Is Set To Increase 5000% In Just 5 Years
After decades of stagnation and multiple false dawns, the hydrogen economy appears primed for a major takeoff. A growing number of countries and industries are proactively investing in hydrogen technologies, with hydrogen being touted as the ‘fuel of the future.’ Meanwhile, industry experts are predicting that hydrogen could become a globally traded energy source, just like oil and gas, while the Bank of America says the industry is at a tipping point and set to explode into a $11 trillion marketplace. For a sector that has been vilified for so long, those bullish projections can appear like a bad case of blue-sky thinking. Yet, they are beginning to take shape right as we watch.
read more... 18/12/2020
Daily (17.12.2020): A drop in US crude inventories on Wednesday lent support to oil prices
On Wednesday, the EIA reported a drop in crude stocks in the United States, thus lending support to oil prices. As a result, Brent crude increased by 0.6% to $51.08 a barrel, while WTI oil edged 0.4% higher at $47.82 a barrel.
read more... 17/12/2020
E.ON and RWE ink PPA for Humber Gateway offshore wind farm
The deal comes into effect from 2022 until 2035 and includes the Renewables Obligation Certificates from the plant
read more... 17/12/2020