Latest news
Rosneft sets net-zero emissions by 2050 target
Russia's largest crude producer Rosneft announced Dec. 21 its commitment to achieve carbon neutrality by 2050, bringing forward some of its previous targets to reduce emissions.
read more... 22/12/2021
NOVATEK and RWE join in on LNG supply and decarbonisation
Novatek, Russia’s natural gas producer, and RWE Supply & Trading, the trading unit of German utility RWE, have signed a memorandum of understanding (MoU) to cooperate on LNG supply and decarbonisation.
read more... 08/12/2021
UAE's Masdar, Engie to invest $5 bil in renewables, hydrogen
The UAE's clean energy firm Masdar and France's Engie plan to invest $5 billion to develop 2 GW of renewable and hydrogen projects by 2030 as OPEC's third biggest producer seeks to implement its net zero emissions pledge by 2050.
read more... 06/12/2021
Germany's largest power producer RWE to spend $57 billion through 2030 in green power push
RWE plans to invest 50 billion euros ($57 billion) through 2030 to raise its renewable energy capacity to 50 gigawatts, Germany's largest power producer said on Monday in a strategy update ahead of its capital markets day.
read more... 16/11/2021
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