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Norway Expands Arctic Oil Exploration
Norway has awarded four new exploration licenses in frontier Arctic areas as it looks to support its oil and gas industry, as well as value and job creation, the Ministry of Petroleum and Energy said on Wednesday.
read more... 24/06/2021
Daily (23.06.2021): EUAs climbed above 53 EUR/tonne on Tuesday, bolstered by strong gas, coal prices
Crude oil futures retreated on Tuesday, with Brent crude rathe flat following a day with no major events. However, expectations that OPEC+ may decide to further boost crude production starting in August added further pressure on oil prices. Hence, Brent crude steadied at $74.81 a barrel. At the same time, U.S. WTI crude decreased by 1.1% to $72.85 a barrel.
read more... 23/06/2021
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Germany's 2022-32 gas plan to integrate hydrogen
Hydrogen, biomethane and synthetic methane should be integrated into Germany's gas infrastructure, the country's transmission system operators (TSOs) said in the draft 10-year network development plan for 2022-32.
read more... 23/06/2021
Daily (22.06.2021): British near-term gas prices rallied at multi-year record highs on Monday amid outages in Norway, weak LNG send-outs
Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021
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Campaigners ring alarm over EU funding for gas projects through the back door
The European Commission last week published an updated methodology to assess which gas infrastructure projects will be eligible to receive EU funding, triggering warnings by environmental groups and a senior member of the European Parliament.
read more... 21/06/2021