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Norway’s oil, gas exploration falls in 2020
The Norwegian petroleum directorate (NPD) said today a lack of new discoveries offshore Norway could rapidly reduce oil and gas production after 2030, as the number of exploration wells drilled this year is set to halve from 2019.
read more... 28/10/2020
Daily (27.10.2020): Brent and WTI crude settled at 3-week lows on Monday amid surging coronavirus cases worldwide
Crude oil futures fell on Monday in response to surging coronavirus cases in the US and Europe, where several countries have already implemented new restrictions, raising concerns about the impact of the pandemic on oil demand. Extra pressure on oil prices comes from increasing Libyan crude oil production and exports after the country recently lifted the force majeure. Hence, Brent crude shed by $1.31, or 3.1%, to settle at $40.46 a barrel. U.S. WTI crude dropped by $1.29, or 3.2%, to close at $38.56 a barrel. Both, WTI and Brent crude marked their lowest settlements since Oct. 2.
read more... 27/10/2020
Germany awards 769 MW onshore wind in latest tender, highest since 2017
Germany's latest onshore wind auction was only marginally undersubscribed with 769 MW awarded of 825 MW offered, the highest volume in almost three years, grid regulator BNetzA said Oct. 26.
read more... 27/10/2020
Lower prices drive Asia's demand for LNG as ship fuel
Globally, LNG is expected to account for 10 per cent of overall marine fuel mix by 2030, up from less than 0.1 per cent last year, he added
read more... 27/10/2020
CRE to restructure French nuclear sales scheme
French energy regulator CRE has proposed to restructure the Arenh nuclear output sale mechanism and rules surrounding its modification and cancellation in response to legal disputes that arose at the height of the Covid-19 crisis.
read more... 27/10/2020