Europe’s giant bet on green hydrogen is full of holes
The tree-lined street in Leipzig may seem an incongruous beachhead for the future of German energy. But the government has billions riding on its success.
Europe
Equinor: How Norway’s gas giant quietly took over Europe
When the world’s top gas traders met in late April at a canal-side hotel on the outskirts of Amsterdam, the atmosphere was business-as-usual: coffee, croissants and wrangling over deals for the upcoming winter. Then came news of a leak at Europe’s biggest liquefied natural gas plant, located above the Arctic circle in Norway.
Cohesion key to EU winning wind capacity battle
It’s great to learn that investment in wind energy across Europe more than doubled last year compared to 2022, driven by record financing of North Sea offshore wind projects.
Germany paves way for major expansion of gas power plants
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Gas-addicted Europe trades one energy risk for another
Europe, long-reliant on Russian natural gas, has nearly severed its dependency on the Kremlin in less than two years. Its preferred replacement — gas from the US — is widely viewed as abundant, politically palatable and less likely to be choked off than pipelines from Siberia.
Europe’s offshore wind ambitions face huge supply chain challenge
Europe’s offshore wind supply chain faces a herculean effort to build the infrastructure needed to meet the continent’s climate goals.
BP achieves $3.29 billion profit in third quarter results
Energy giant BP (LON: BP) has unveiled its third quarter results, reporting underlying replacement costs profits of $3.29 billion (£2.7bn).
Opinion: Is the oil and gas sector becoming more attractive to private equity investors?
A 2020 study by McKinsey stated, ‘The oil and gas industry accounts for 42% of global emissions…in addition, it produces the fuels that create another 33% of global emissions.’
Sweden power crunch can be eased with offshore wind, Orsted says
(Bloomberg) - The best option for Sweden to mitigate a power crunch in the second half of this decade is to speed up approvals for offshore wind parks, said an executive with Orsted A/S, the world’s biggest developer of those sites.
Statkraft CEO to step down after 14 years leading Norwegian renewable energy company
The chief executive officer of Norwegian renewable energy company Statkraft has stepped down after 14 years in the position.
UK households look to lock in energy prices as crisis recedes
Fixed energy tariffs are making a comeback in the UK, allowing consumers to lock in power and gas rates now that prices have eased from last year’s record levels.
Gulf-to-Europe hydrogen pipe feasible, consultants claim
"Together with Afry, we have identified a potential stable corridor to bring supply and demand together. The scale-up of hydrogen adoption goes through projects like this,” Bombardi said.
High stocks relieve LNG market tension
“We think JKM-TTF spreads will turn negative for the autumn shoulder season,” says Jake Horslen, senior LNG analyst at Energy Aspects.
Gas price plunge brings relief to Europe after energy panic
European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
Ostend signs North Sea wind mega-bonanza – but there’s no scope for error
Well, they’ve signed the pledge; taken vows that they will drastically accelerate the North Sea’s offshore wind capacity to 300 Gigawatts by 2050, with a near-term target of 120GW by 2030.
Power to the People! Hydrogen plans advance in Europe
Scotland’s friends in Europe are now surging ahead with their support for hydrogen and especially green hydrogen.
Has Europe’s gas demand started to recover yet?
European companies are using more natural gas as prices drop to levels before the Ukraine war, putting a potential strain on preparations for another winter with limited Russian supplies.
US’ IRA major pull for Topsoe’s energy transition interest
The challenge over the next 10 years will be in scaling up SAF production. Green hydrogen production is relatively niche, as yet. “A lack of green power and electrolysis capacity, this will not make a dent” in the projected SAF demand.
China’s taking control of LNG as global demand booms
A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming.
Shell: European demand, US supply to drive LNG market
More investments in liquefaction is needed to head off a supply-demand gap that the company sees emerging in the late 2020s. Last year, the company put this supply-demand gap opening up by mid-decade.
China scouts for LNG in risk to gas market’s delicate balance
China is looking for shipments of liquefied natural gas (LNG) into next summer, a move which could tighten global supply and steal shipments away from Europe.
US natural gas falls below $3 for first time since May 2021
US natural gas futures extended losses below $3 amid mild winter weather that helped spark the worst selloff among the country’s commodities.
Europe’s New Sanctions on Russian Oil Kick In: What Changes?
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
Putin’s war leaves West more reliant than ever on Asian fuel
The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy.
Global LNG supplies are ‘sold out’ for years, top importer Japan warns
Japan warns that global competition for liquefied natural gas (LNG) is set to intensify over the next three years due to an underinvestment in supply.