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RWE buys 1.4-GW Dutch Magnum gas-fired power plant for Eur500 million
German utility RWE has bought the 1.4-GW Magnum power station in Groningen, the Netherlands from Sweden's Vattenfall for Eur500 million ($534 million), the utilities said June 2.
read more... 03/06/2022
Europe eyes common subsea wind power grid to bolster energy security
Northern European countries are discussing plans to create a common power grid under the North Sea to connect future offshore wind farms as they seek to strengthen energy security, but the ambitious proposal faces financing and regulatory challenges.
read more... 03/06/2022
Daily (02.06.2022): Crude oil prices dipped on Wednesday, as Saudi Arabia is ready to increase its oil production
Crude oil prices dipped on Wednesday, as Saudi Arabia declared it is prepared to increase its oil production if Russia's supply declines significantly because of western sanctions. Brent crude fell by 5.3% to settle at $116.29 per barrel as a result
read more... 02/06/2022
EU lawmakers to pull back on ETS reform ambitions
EU lawmakers are set to push for a 63% cut in industry and power sector emissions by 2030 in a full European Parliament vote next week, down from the 67% cut backed by its environment committee.
read more... 02/06/2022
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OPEC Considers Suspending Russia From Oil Deal
Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each member can produce, the Wall Street Journal reported on Tuesday, citing OPEC delegates.
read more... 02/06/2022