The Organization of the Petroleum Exporting Countries (OPEC) produced 28.97 million barrels per day (bpd) in February, an increase of 150,000 bpd from January. Despite the agreement within the OPEC+ alliance to reduce production to support the market, the resumption of Nigerian production contributed to this increase.
Ocergy SAS, in collaboration with strategic partners and a scientific committee, has anchored its OCG-Data Blue Oracle floating buoy pilot in one of the pre-selected areas for the Mediterranean floating wind tender (AO6).
Equinix adds five new renewable energy purchase agreements in Spain for a total of 225 MW, bringing its APP capacity to 595 MW worldwide.
Nel ASA is expanding its PEM electrolyzer production capacity to meet the growing demand for green hydrogen and to position itself as a leading player in the global hydrogen market.
UK-based EVC has secured up to £165 million of funding managed by Denham Sustainable Infrastructure to promote the use of electric vehicles to help meet the UK’s net zero emissions targets.
Three of Octopus Energy’s competitors have filed a lawsuit in the U.K. court challenging the government-backed takeover of energy provider Bulb, which they say is opaque. They denounce the use of billions of pounds of public money to support the sale of Bulb to Octopus.
Kenya is building 136 solar mini-grids to bring electricity to remote areas underserved by the national power grid. With more than 3,000 solar mini-grids installed in sub-Saharan Africa, off-grid solar energy is revolutionizing access to electricity for rural populations.
European imports of liquefied natural gas increased by 63% in 2022, according to an IEA report. This increase is due to the drying up of Russian pipelines and has led the global LNG market to double in value, reaching a record $450 billion.
The European Commission is considering extending the gas reduction mechanism adopted last year to address the gas shortage in Europe. However, there are differing views on the approach to be taken.
Hy24 and Everfuel announced Tuesday a total investment of €200 million to create a joint venture that will finance infrastructure to produce green hydrogen in Denmark, Norway, Sweden and Finland.
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