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Sweden's H2 Green Steel signs 14-TWh PPA to power planned electrolyzer
H2 Green Steel has signed a 14-TWh power purchase agreement with Norway's Statkraft for its planned low-carbon steel production plant in Northern Sweden, the companies said in a statement June 8.
read more... 09/06/2022
German industry calls for 10 GW, €10Bn push for offshore green hydrogen production
Eight associations and networks in Germany, through a joint initiative called Offshore-Wind-H2-Eight (Offshore-Wind-H2-Achter), have called for bigger and concrete steps in bringing hydrogen production at sea, powered by offshore wind, to a more significant spot in German plans for producing hydrogen from renewable sources.
read more... 03/06/2022
Daily (02.06.2022): Crude oil prices dipped on Wednesday, as Saudi Arabia is ready to increase its oil production
Crude oil prices dipped on Wednesday, as Saudi Arabia declared it is prepared to increase its oil production if Russia's supply declines significantly because of western sanctions. Brent crude fell by 5.3% to settle at $116.29 per barrel as a result
read more... 02/06/2022
UK to impose 25% 'windfall tax' on North Sea oil and gas, double investment relief
The UK is to impose a 25% 'windfall' levy on earnings from North Sea oil and gas production while doubling relief on investments in the sector in an "emergency" temporary measure to support the population in the face of surging energy and living costs, finance minister Rishi Sunak said May 26.
read more... 27/05/2022
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Norway's Equinor, partners submit development plan for Halten East gas project
Norway's state-controlled Equinor and its partners in the Halten East gas project have submitted the relevant development plan, which will see first production from the cluster of discoveries in 2025.
read more... 26/05/2022