Oil prices saw a modest increase after a series of geopolitical developments. Hamas accepted a ceasefire proposal mediated by Qatar and Egypt, but Israel rejected it, citing unmet core demands. Concurrently, Saudi Arabia announced an increase in its official selling prices for June, affecting most regions. As a result, Brent crude rose by 0.5% to $83.33 a barrel, and WTI crude also increased by 0.5% to $78.48 a barrel.
read more... 07/05/2024
Norway and Germany have renewed a commitment to the idea of a hydrogen pipeline, but Norwegian state-owned Equinor expects the link will come in a secondary stage of development as it is focused on hydrogen production in mainland Europe as a first step.
read more... 25/04/2024
The UK Secretary of State for Energy Security and Net Zero has granted development consent for the Sheringham Shoal and Dudgeon Extension Projects off the North Norfolk coast.
read more... 23/04/2024
The Norwegian Government has signed a CfD with Ventyr Energi to support the development of the country’s first commercial offshore wind farm.
read more... 22/04/2024
The European Parliament adopted a new set of laws on Thursday (11 April) to transition Europe’s gas markets and infrastructure to hydrogen and pave the way for the eventual creation of an independent hydrogen grid development body.
read more... 15/04/2024