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Rosneft and Vitol strike first major oil trading deal since 2013
Trading firm Vitol has started taking delivery of oil from Russia's top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation, four industry sources told Reuters.
read more... 06/10/2021
Daily (22.09.2021): British gas prices retreated on Tuesday amid low demand from power sector, weaker EUAs
Oil prices settled modestly higher on Tuesday, supported by a lower U.S. Dollar Index and expectations for a weekly drop in U.S. crude inventories, a day after a broad selloff attributed to jitters about the impact of a default by Chinese property giant Evergrande. However, the pessimistic growth forecasts from the Organization for Economic Cooperation and Development (OECD) limited the gains. Hence, Brent crude rose by 0.6% to $74.36 a barrel. U.S. WTI crude added 0.3% to end at $70.49 a barrel.
read more... 22/09/2021
Gazprom Neft, Lukoil to create oil and gas JV in West Siberia
Russia's Gazprom Neft and Lukoil said Sept. 16 that they are creating a joint venture to develop an oil and gas cluster in the West Siberian Yamal-Nenets region, and are also considering further cooperation in Russia.
read more... 17/09/2021
UK’s hopes of boosting hydrogen trade hobbled by Brexit
The UK hydrogen strategy, unveiled last week (17 August), has many similarities with the EU’s own blueprint presented one year before, analysts say. But trade and regulatory cooperation between the two sides is complicated by Brexit, with the UK likely to become a rule-taker at the end of the day.
read more... 27/08/2021
ENGIE and HITA partner on geothermal development in Belgium
Belgium geothermal developer HITA announcers that it has signed a cooperation agreement with ENGIE and HITA for the development of deep geothermal projects in Antwerp and Limburg in Belgium.
read more... 19/05/2021