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Rosneft begins hunt for contractors for massive Vostok Oil project
Rosneft has kicked off meetings with foreign contractors and suppliers for its massive Vostok Oil project, the Russian energy producer said on Monday.
read more... 08/06/2021
Enel eyes potential green hydrogen project in Russia
Europe’s biggest utility Enel is looking to develop a green hydrogen project in Russia as part of plans to expand its renewable energy business in the country, Enel’s Head of Europe, Simone Mori, told Reuters in an interview.
read more... 08/06/2021
EU Approves $21B Green Transition Fund
The 27 members of the European Union approved on Monday the regulation establishing the so-called Just Transition Fund to help fossil fuel-reliant economies in the bloc move to greener energy, clearing the final hurdle for the fund to launch.
read more... 08/06/2021
Daily (07.06.2021): Brent crude approached $72 a barrel on Friday amid prospects of solid demand and OPEC+ supply discipline
Crude oil futures increased on Friday, with Brent crude approaching $72 a barrel for the first time since 2019 amid prospects of solid demand and after OPEC+ has decided not to change its production planning for July, and instead will limit itself to a continuation of the previously decided gradual increase. Hence, Brent crude rose by 0.8% to settle at $ 71.89 a barrel. Meanwhile, U.S. WTI crude moved 1.2% higher at $69.62 a barrel.
read more... 07/06/2021
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German scheme extension to support CHP plants gets EU approval
The European Commission has approved the extension and modification of an existing German scheme to support electricity production from highly efficient combined heat and power (CHP) plants.
read more... 07/06/2021