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Daily (03.11.2021): British gas prices climbed on Tuesday amid low supplies from Russia, weak wind generation
Crude oil prices moved sideways on Tuesday ahead of weekly U.S. supply reports expected to show a rise in crude inventories and ahead of OPEC+ meeting. Hence, Brent crude ended rather flat at $84.72 a barrel. U.S. WTI crude lost 0.2% to end at $83.91 a barrel.
read more... 03/11/2021
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Eni to buy stake in 1.2-GW Dogger Bank C offshore wind project
Italian oil-and-gas major Eni SpA (BIT:ENI) has entered into agreements with Norway’s Equinor ASA (NYSE:EQNR) and UK’s SSE Renewables to acquire a 20% stake in the 1.2-GW Dogger Bank C offshore wind project in UK waters, the trio said in separate announcements on Tuesday.
read more... 03/11/2021
Russia to refocus energy strategy in bid to reach carbon neutrality by 2060
Russia's aim to be carbon neutral by 2060 -- announced by President Putin in the run-up to the COP26 climate meeting -- will require a huge restructuring of its economy, which is today heavily dependent on oil and gas revenues.
read more... 01/11/2021
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Gas companies in Europe made €4 billion from energy crunch
European gas transmission operators and their parent companies made €4 billion in profits in the first six months of 2021, even as the energy crisis was beginning to bite, according to analysis by the NGO Global Witness.
read more... 01/11/2021
Equinor sees its investment in NOAKA oil and gas at up to $4.2 bln
Equinor plans to invest 25-35 billion Norwegian crowns ($3-$4.2 billion) to develop the so-called NOAKA oil and gas fields with partners in the North Sea, it said on Friday.
read more... 01/11/2021