LONDON (ICIS)–The ICIS Northwest Europe ammonia-to-hydrogen assessment posted a solid increase on a weekly basis in mid-October with wider gains in the energy complex supporting the assessment with ammonia supply still seen as tight. The ammonia-to-hydrogen assessment posted a weekly increase of €0.76/kg to stand at €6.41/kg on 12 October, the highest value since early […]

SAO PAULO (ICIS)–A potential dollarisation of the Argentinian economy would not be enough to fix the country’s financial woes because it cannot be a substitute for a “sound economic policy”, the International Monetary Fund’s (IMF) director for the Western Hemisphere said on Friday. Rodrigo Valdes added that for a country to dollarise, its central bank […]

HOUSTON (ICIS)–The US Department of Energy (DoE) has picked seven hubs scattered through the country to become its main centres of hydrogen production, it said on Friday. Among the chosen is Houston’s Gulf Coast Hydrogen Hub, called HyVelocity. It will receive up to $1.2bn to develop clean hydrogen. The hydrogen hub programme is part of […]

SINGAPORE (ICIS)–Australian energy union umbrella group the Offshore Alliance (OA) said on 6 October it has voted to renew industrial action at Chevron’s Wheatstone and Gorgon LNG facilities alleging the company “reneged” on the commitment they gave the Fair Work Commission (FWC) to incorporate its mediated recommendations into enterprise agreements (EA) covering workers. OA, the […]

LONDON (ICIS)–Moldova’s state-owned energy wholesaler Energocom is committed to securing gas transparently and at competitive prices, the company said, rejecting recent concerns expressed by traders over its tendering process. Energocom bought 280 million cubic meters of gas over the period 4 September to 5 October at a weighted average price of €35.77/MWh, according to a […]

LONDON (ICIS)–Energocom’s rise to prominence in the last two years has been significant. The Moldovan state wholesaler was tasked by the government to secure electricity and natural gas amid growing concerns that the historic supplier Gazprom would cut deliveries amid growing political tensions. Over the last two years the company faced not only the formidable […]

LONDON (ICIS)–European Commissioner Maros Sefcovic has called for the AggregatEU joint purchasing mechanism to be retained and extended to other commodities claiming success after a third matching round closed on 4 October. Speaking on 6 October the Commission’s vice-president said companies have snapped up 11.86 billion cubic meters during the latest round, noting there was […]

HOUSTON (ICIS)–US automaker General Motors (GM) agreed on Friday to include its electronic vehicle (EV) battery manufacturing under the national master negotiating agreement, preventing a strike at the automaker’s Arlington, Texas assembly plant, the president of the United Auto Workers (UAW) union said during a livestream broadcast. GM’s Arlington assembly plant produces the full-size sport […]