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Energy majors bid for Qatar LNG project despite lower returns
Six top western energy firms are vying to partner in the vast expansion of Qatar's liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.
read more... 14/06/2021
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World's coal producers now planning more than 400 new mines
The world’s coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity, research published on Thursday showed, putting targets for slowing global climate change at risk.
read more... 03/06/2021
Daily (01.06.2021): Brent crude nears $70 a barrel as demand outlook improves
Oil prices gained ground on Monday, with Brent crude for August delivery rising by 0.5% at $69.32 a barrel amid growing demand expectations for the rest of the year, as lockdown measures are gradually withdrawn in large parts of the western world. Meanwhile, U.S. WTI crude increased by 0.9% at 66.90 a barrel. British gas contracts did not trade on Monday due to the Spring bank holiday.
read more... 01/06/2021
Daily (19.05.2021): Fiercely falling carbon prices weighed on the European energy complex on Tuesday
Crude oil prices fell on Tuesday due to rising concerns about the coronavirus situation in Asia and amid ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Hence, Brent crude moved 1.1% lower to settle at $68.71 a barrel, after initially having traded upwards above $70 a barrel. Meanwhile, U.S. WTI crude declined by 1.2% to end at $65.49 a barrel.
read more... 19/05/2021
Dutch govt grants $2.4 billion in subsidies to huge carbon storage project
The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell and ExxonMobil around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam said on Sunday.
read more... 11/05/2021