U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021.

“Clean hydrogen is key to cleaning up American manufacturing and slashing emissions from carbon-intensive materials like steel and cement while creating good-paying jobs for American workers,” said U.S. Secretary of Energy Jennifer M. Granholm. “We're seeking feedback from the American public on how to make scaling up this clean, affordable energy source a reality for the United States.”

Sweden targets 120 TWh of power generation at sea, which would cover most of its current electricity consumption (around 140 TWh/year).

The lodged offers represent over AUD 100 billion (USD 71.7bn/EUR 63bn) of potential investment in 24 solar parks, 13 onshore and seven offshore wind farms, 35 large-scale batteries and eight pumped hydro plants. It is estimated that these projects have the potential to deliver more than 100,000 GWh of total electricity per year.

The recent decision by the European Union to include nuclear power in the Taxonomy showed that nuclear power will be the driving force for decarbonisation.

Romanian energy trader and developer Enero Furnizare plans to develop solar projects with a total capacity of 1GWp in Romania this year

Brent traded at $93.90 a barrel, WTI was at $92.71 a barrel.

Urals CIF Rotterdam was assessed at Dated Brent minus $3.645/b on Feb. 15, recovering somewhat from near term lows but still around the lowest level since the pandemic-led demand collapse of summer 2020

The $11-billion pipeline, which has faced stiff opposition from the United States and some European states, was built last September across the Baltic Sea from Russia to Germany, but has been idle pending German and EU regulatory clearance.

The main negative effect for consumers is that energy systems become less predictable and less stable as the share of RES in their structure grows bigger. Generation of power from RES depends on weather and lacks stability. For instance, this factor had a significant influence on the European energy market in 2021.

Estimates by Eurostat showed emissions by business activity amounted to 881 million tonnes of CO2 equivalents, up 6% from the third quarter of 2020 when COVID-19 related restrictions had induced a sharp economic contraction.

Projects for the creation of new nuclear power facilities will receive about RUB56 billion from the National Wealth Fund (NWF), another RUB40 billion will be allocated from the budget.

The Swedish Energy Agency has now awarded the partners SEK99 million to put towards building an electrically powered non-nuclear prototype SEALER at Oskarshamn for testing and verifying materials and technology in an environment of molten lead at high temperatures.

Following the signing of the contract, the consortium will start mobilising the construction site in preparation for resuming construction of Angra 3.

Brent fell $2.65, or 2.8%, to $93.83 a barrel, WTI dropped $2.82, or 3%, to $92.64 a barrel.