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UAE, Germany sign ‘blue hydrogen’ contract in Abu Dhabi
German vice-chancellor Robert Habeck has secured several hydrogen cooperation contracts with the United Arab Emirates (UAE), with the first blue hydrogen expected to be shipped to Germany in 2022.
read more... 22/03/2022
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EU, US pledge gas cooperation as tensions rise over Ukraine
The United States and the European Union pledged on Monday (7 February) to work to ensure gas supplies can respond to disruptions in pipeline gas flows, as tensions rise over the massing of troops on Ukraine’s borders by Russia, Europe’s biggest gas supplier.
read more... 09/02/2022
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Iberdrola generates power at giga battery plant in Portugal
Spanish energy company Iberdrola has connected the first power unit at its Tâmega hydroelectric and pumped storage giga battery plant in Portugal.
read more... 01/02/2022
Daily (26.01.2022): Brent crude rose by more than 2% amid persisting geopolitical tensions and supply concerns
Geopolitical tensions sent crude prices higher amid an already tight oil market. Threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase lent additional support to prices. As such, Brent crude rose by 2.2% to end at $88.20 a barrel. At the same time, WTI crude price increased by 2.8% to settle at $85.20 a barrel.
read more... 26/01/2022
Daily (24.01.2022): Increased tensions at the border between Russia and Ukraine sent gas markets higher on Friday
Crude oil prices extended losses on Friday, pressured by declining stock markets in New York. Nevertheless, tensions between the United States and Russia over the situation in Ukraine capped losses. Thus, Brent oil edged 0.6% lower at $87.89 a barrel and WTI crude slipped by 0.5% to $85.14 a barrel.
read more... 24/01/2022