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(Reuters) – Norway’s Equinor has bought a 9.8% stake valued at around $2.5 billion in renewable energy group Orsted it said on Monday, making it the second largest shareholder after the Danish government. Orsted’s share price rose on the news, trading 3.4% higher at 1103 GMT, while Equinor’s shares fell by 1.9%. An Orsted spokesperson declined …
Equinor Buys 9.8% Stake in Orsted Valued at $2.5 Billion Read More »
Summary Norway plans first floating wind tender in 2025 Floating wind is an immature technology requiring state support Subsidies to be capped at 35 billion Norwegian crowns (Reuters) – The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidies in the country’s first commercial floating wind power …
Norway Plans $3.3 Billion Floating Wind Subsidy Cap Read More »
By Reuters DUBAI, Oct 5 (Reuters) – Iran’s oil minister Mohsen Paknejad said on Saturday that he was “not worried” amid the escalating conflict in the region, the ministry’s Shana news site said, after reports that Israel may strike Iran. “I am not worried about the crises that the enemies of the revolution are creating, and this trip …
Iran’s Oil Minister ‘Not Worried About Crisis’ Amid Israeli Threats Read More »
By Clyde Russell (Reuters) – The OPEC+ group of crude oil exporters is still planning on lifting output from December, but it will be doing so against a backdrop of weak demand in the top-importing region of Asia. Asia’s imports of crude were 27.05 million barrels per day (bpd) in September, up marginally from August’s 26.47 …
OPEC+ Still Has an Asia Dilemma as Crude Imports Remain Soft: Russell Read More »
(Reuters) J.P. Morgan Global Commodities Research maintains Brent oil averaging $80 per barrel (bbl) in 4Q24 Crude prices are set for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict, Brent crude futures trading at $78.71 a barrel while U.S. West Texas Intermediate crude futures trading at $74.79 a barrel …
JP Morgan Expects Brent at $80/barrel in Q4 as Middle East Tensions Escalate Read More »
(Reuters) – Britain will provide funding of up to 21.7 billion pounds ($28.5 billion) over 25 years to develop carbon capture and storage (CCS) projects to curb emissions from industry and create new jobs in northern England, the government said on Friday. Britain has a climate target to reach net zero emissions by 2050 and …
Britain Promises up to $28.5 Bln for Carbon Capture Projects Read More »
MOSCOW, Oct 2 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Wednesday that oil prices have increased as markets do not rule out a decline in oil supply due to the conflict in the Middle East. In televised comments after a meeting of top OPEC+ ministers kept oil output policy unchanged, including a …
Russia’s Novak Says Market Wary of Oil Supply Cuts Due to Middle East Conflict Read More »
Europe likely to require more LNG imports next year: report IEA sees gas consumption in Europe dropping slightly this year Global demand for natural gas will hit an all-time high next year as competition for seaborne fuel intensifies between Asia and Europe, according to the International Energy Agency. After a drop in imports this year, …
World Gas Use to Hit Record in 2025 Amid Fight for LNG, IEA Says Read More »
OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country’s facilities but the producer group would struggle if Iran retaliates by hitting installations of its Gulf neighbours. Iran fired hundreds of missiles at Israel on Tuesday in response to Israeli airstrikes and attacks. Israel’s …
OPEC+ Could Cushion Iran Oil Shock But Not Broader Disruption Read More »
Summary New PM Ishiba waters down tone against nuclear power in Japan Japan to continue with nuclear power plant restarts, new METI minister Muto says Japan to use renewable energy to its maximum, METI minister says (Reuters) – Japan plans to continue safely restarting nuclear power plants and will use as much renewable energy as …
Japan to Keep Nuclear, Boost Renewables in its Energy Mix, New Industry Minister Says Read More »
