Latest news
Daily (05.02.2019): EU carbon prices soared by almost 5% on Monday, ahead of an industry conference this week.
Oil prices saw a small drop on Monday influenced by the recent positive sentiment that China-U.S. relations will reach a comprehensive trade deal. However, losses were limited by OPEC supply cuts and U.S Sanctions on Venezuelan oil exports. As a result, Brent crude fell by 0.4% to 62.51 USD/bbl, while WTI crude dropped by 1.3% to settle at 54.56 USD/bbl.
read more... 05/02/2019
German offshore wind hits 6.4 GW, industry calls for at least 20 GW by 2030
Several industry associations in Germany are calling for an offshore wind capacity goal of at least 20 GW by 2030 and a special tender for no less than 1,500 MW in the first quarter of 2019.
read more... 24/01/2019
Siemens: Major milestone achieved in development of subsea power distribution system
Siemens has successfully concluded the first phase of its Subsea Power Grid shallow water test in Trondheim, Norway. Siemens, in collaboration with industry partners Chevron, Equinor, ExxonMobil, and Eni Norge, is in the final stages of a program to develop a barrier-breaking system that will become the world’s first Subsea Power Grid designed for distribution of medium voltage power using pressure compensated technology.
read more... 05/11/2018
Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system
Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel.
read more... 12/10/2018
Shell provides fresh boost for North Sea oil and gas industry
Royal Dutch Shell has provided fresh encouragement for the North Sea oil and gas industry by deciding to develop the Arran field around 150 miles east of Aberdeen.
read more... 11/10/2018