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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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Norway, UK complete world's longest subsea power cable
Britain and Norway have finished laying the world's longest subsea power cable, which will send wind and hydro energy between the two countries, Norwegian power grid operator Statnett announced Tuesday.
read more... 16/06/2021
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Norway to test first power cable to Britain from June 15
Norway will start testing on June 15 its first power interconnector with Britain, North Sea Link (NSL), Norwegian transmission system operator Statnett said on Tuesday.
read more... 09/06/2021
Germany, Norway flip switch on $2.4B undersea energy link
Germany and Norway inaugurated a new undersea cable Thursday that directly links the two countries' electricity networks, a project that has been described as a key step in Europe's effort to shift away from fossil fuels to renewable energy.
read more... 28/05/2021
Equinor and Horisont progressing Barents Sea carbon capture project
Norwegian duo Equinor and Horisont Energi have struck a deal to further mature a carbon transportation and storage project in the Barents Sea, off the coast of northern Norway.
read more... 24/05/2021