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Ørsted, Enefit to form Baltic offshore wind JV
Danish energy company Ørsted A/S (CPH:ORSTED) will team up with a unit of Estonian state-owned sector player Eesti Energia AS, aiming to jointly develop offshore wind projects in the Baltic countries.
read more... 27/04/2021
Nearly 81% of Brits still find EVs ‘too expensive’
More than four-in-five drivers in the UK believe electric vehicles (EVs) are still too expensive. A new report by the AA reveals the majority of Brits still find switching to an EV a rather pricy move while nearly 63% have never heard of the plug-in grant, one of the government’s subsidies to help them make the purchase.
read more... 27/04/2021
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Israeli energy giant plans $1.1B gas deal with UAE company
One of Israel's biggest energy companies plans to sell its share of a large offshore gas field to a firm based in the United Arab Emirates for an estimated $1.1 billion, the biggest such deal since the two countries normalised ties last year. Delek Drilling, owned by the Israeli billionaire Yitzhak Tshuva, said Monday that it signed a memorandum of understanding with Mubadala Petroleum, part of a conglomerate owned by the government of Abu Dhabi. The proposed deal was detailed in a notification filed with Israeli authorities.
read more... 27/04/2021
Daily (26.04.2021): Crude oil prices gained 1% on Friday due to a halt in Libyan exports
Crude oil prices closed higher on Friday, supported by disruptions in Libyan supply. A state of force majeure on one of the main oil terminals in Libya was declared by the NOC, thus interrupting the country’s exports. As a result, Brent crude increased by 1.1% to $66.11 a barrel and WTI oil rose by 1.2% to $62.14 a barrel.
read more... 26/04/2021
Germany to seek 5.2 GW more solar, wind in 2022 tenders
Germany plans to expand the targeted capacity volume in its 2022 renewable energy tenders by allocating an additional 5.2 GW for solar and onshore wind projects.
read more... 26/04/2021