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Daily (17.05.2024): Gas prices recovered on Thursday amid scheduled Norwegian maintenance and reduced LNG arrivals

Oil prices rose on Thursday, bolstered by a decline in U.S. crude inventories and the anticipation of a rebound in gasoline demand in the coming weeks in the United States. Thus, Brent crude rose by 0.6% to settle at $83.27 per barrel. WTI crude traded around 1% higher to close at $79.23 per barrel.

read more... 17/05/2024

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New EU scheme could hike petrol, gas prices higher than expected

The EU’s new carbon pricing scheme for road and heating fuels (ETS2) – set to be introduced across the bloc in 2027 – could lead to higher price hikes than initially thought, key lawmakers told Euractiv.

read more... 14/05/2024

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Norway Expands Arctic Acreage for Oil and Gas Drilling in Mature Areas

Norway is expanding the acreage in the Barents Sea and the Norwegian Sea, for which companies vying for licenses in mature areas can bid this year, the energy ministry of Western Europe’s largest oil and gas producer said on Wednesday.

read more... 09/05/2024

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France aims to subsidise hydrogen with carbon capture

The government was drafting a decree that would not register greenhouse gas emissions from hydrogen production when the CO2 was captured to be used in other industrial processes or stored, the economic daily added.

read more... 08/05/2024

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British regulator awards more North Sea oil and gas licences

Britain's oil and gas regulator on Friday awarded 31 new hydrocarbon exploration licences as part of efforts to extend production in the ageing basin.

read more... 06/05/2024

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