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‘World’s largest’ floating wind farm starts injecting green electricity into Scotland’s grid
Scotland’s grid has started receiving green juice from what is described as the world’s largest floating windfarm.
read more... 25/10/2021
Daily (20.10.2021): Brent crude closed above $85 a barrel for first time since October 2018 amid lingering supply crisis
Crude oil prices climbed to fresh multi-year highs on Tuesday amid persistent global supply squeeze, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. Hence, Brent crude rose by 0.9% to settle at $ 85.08 a barrel, the highest level since October 2018. U.S. WTI crude added 52 cents to settle at $82.96 a barrel, posting a fresh seven-year high.
read more... 20/10/2021
Daily (15.10.2021): Oil prices climbed to multi-year highs on Thursday as Saudi Arabia dismissed calls for additional OPEC+ supplies
Crude oil prices climbed to hit multi-year highs on Thursday after Saudi Arabia, one of the main crude oil producers in the world, rejected to follow the policy of OPEC+ to increase their output for price controls. Additionally, the International Energy Agency (IEA) said surging natural gas prices could boost demand for oil among power generators. Hence, Brent crude rose by 1% to settle at $84.00 a barrel, the highest level since October 2018. U.S. WTI crude increased by 1% to close at $81.31 a barrel, hitting a seven-year record high.
read more... 15/10/2021
World’s largest direct air capture and CO2 storage plant on in Iceland
Last week, Swiss company Climeworks launched Orca, the world’s largest direct air capture and storage plant that permanently removes CO2 from the air. The plant is located in proximity to the Hellisheidi geothermal power plant by ON Power near Reykjavik, Iceland.
read more... 14/09/2021
Renewable hydrogen produced from wind in ‘world first’
French company Lhyfe claims to have produced renewable hydrogen from wind power in a ‘world first’ for the industry.
read more... 10/09/2021