UAE signs agreement on green hydrogen projects in Egypt, targets exports to Europe

Egypt’s abundance of sun and wind “generates renewable energy at a very competitive price – a key alarm for green hydrogen production”. Ute Grabowsky | Photothek | Getty Images The United Arab Emirates (UAE) and Egypt’s Hassan Alam Utility have signed an agreement with government-sponsored Egyptian companies to work together on the development of large … Read more

The oil and gas industry is growing despite net zero demand | OilPrice.com

Oil Gas

The European Union and the United States are on the path to a net-zero economy. Officials in the Atlantic Ocean have made this clear, despite calls from the European Union (EU) for more gas and more oil. Before the advent of Net-Zero – if it succeeds – both the European Union and the United States … Read more

Borrell says there is no EU agreement on Russia’s energy embargo.

Joseph Borrell, EU High Representative for Foreign Affairs and Security Policy, attends a news conference on Russia’s invasion of Ukraine in Kiev, Ukraine, April 8, 2022. REUTERS / Janis Laizans Sign up now for unlimited access to Reuters.com Sign up Berlin, April 25, 2010 (FBC) The European Union’s top diplomat, Joseph Borrell, reported on Monday … Read more

Energy giants Siemens Gesa and SSE have agreed on a $ 628 million deal and profit warnings.

Details of the agreement between the SSE and SGRE revealed the first results for the second quarter, with revenues of nearly 2.2 billion euros and losses of about 304 million euros. Paul Ellis | AFP | Getty Images Siemens Gesa Renewable Energy has agreed to sell its Southern European assets at the SESE headquarters in … Read more

Oil prices continue to rise amid fears of declining Chinese demand.

The Total Grantite oil refinery will be visible from sunrise in Paris, France, March 1, 2021, after sunset. REUTERS / Christian Hartman Sign up now for unlimited access to Reuters.com Sign up China’s Q1 GDP is high, but March’s weakness raises speculation Libya closes El Fall gas station over protests U.S. oil drilling, production rising … Read more

As Ukraine’s crisis worsens, oil prices have risen sharply over the past three weeks.

The Total Grantite oil refinery will be visible from sunrise in Paris, France, March 1, 2021, after sunset. REUTERS / Christian Hartman Sign up now for unlimited access to Reuters.com Sign up Brent future 1%, WTI up 0.9% at 0445 GMT. Libya closes El Fall gas station over protests U.S. oil drilling, production rising with … Read more

OCD is treading light as news grows | OilPrice.com

OPEC

Last week we saw some good news for oil users. Both OPEC and the International Energy Agency have revised their demand forecast, indicating that prices have some potential fall. But OPEC is ready to change track. “Critical new locking measures in China’s growing covariate issues have led to a weak revision of global oil demand … Read more

Europe ready to punish Russian energy supplies | OilPrice.com

Europe at night

Energy historian Daniel Yargins told Bloomberg Television on Thursday that Europe could impose sanctions on Russia. “I think we will start to see the restrictions,” he said. The European Union (EU) is seriously considering imposing sanctions on Russia over its nuclear program, as Russian troops condemn unarmed civilians in Bucha. The European Union (EU) has … Read more

Austrian leader Putin has told him that gas payments to the euro will continue.

Austrian Chancellor Karl Nahamer attends a news conference in Moscow, Russia, after talks with Russian President Vladimir Putin April 11, 2022 REUTERS / Maxim Shemetov Sign up now for unlimited access to Reuters.com Sign up No other EU leader has met Putin since the invasion of Ukraine. Nehammer’s reports focused on the tragedy of war. … Read more

The race to produce ‘super-sized’ wind turbines was held

The Halide-X wind turbine was photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a larger generation of new turbines that could be installed in the coming years. Peter Bor | Bloomberg | Getty Images In the not too distant future, the water, 15 miles from the Martha Vineyard, will be … Read more