News in Numbers

The European Commission has approved up to €6.9bn in state aid to support Germany, France, Italy, the Netherlands, Poland, Portugal and Slovakia with the development of hydrogen infrastructure.

ExxonMobil has reported a decline in its Q4 2023 earnings, with figures showing a 40.1% drop to $7.63bn from the $12.75bn reported in the same period of 2022.

The UK plans to build its first industrial-scale hydrogen plant, with an initial hydrogen production capacity of 350MW per year, at the huge Stanlow oil refinery in the country’s Northwest.

The UK, joining nine EU member states, exited the 1998 Energy Charter Treaty that allows fossil fuel companies to sue governments over climate policies, as efforts to modernise the treaty failed.

State-owned Saudi Aramco has been directed by the Government of Saudi Arabia to stop its oil expansion plan and focus on a maximum sustained oil production capacity of 12 million bpd.