Latest news
Norway awards new offshore drilling licenses in Barents Sea for the first time in 2 decades
Norway’s government awarded on Wednesday 10 new licenses for offshore oil and gas exploration in the Barents Sea, including three in previously untapped waters near the Russian border.
read more... 19/05/2016
Solar and wind power generation surpass coal in UK
Solar and wind power generation in the UK surpassed coal generation during a couple of months.
read more... 19/05/2016
Daily: Crude oil prices retreat from 2016 highs on Fed rate increase speculation
Crude oil prices retreated from 2016 highs and breaking a two-day hike on Wednesday, dragged down by a stronger dollar after the U.S. Federal Reserve unveiled it could increase rates next month. Brent and U.S. crude's West Texas Intermediate (WTI) futures had boosted closer to $50 a barrel on Wednesday after large gasoline and distillate withdrawals were announced by the U.S. Energy Information Administration (EIA). Brent crude eased 35 cents to settle at $48.93 a barrel. WTI fell 12 cents to close at $48.19 a barrel after hitting $48.95 - its highest level since mid-October.
read more... 19/05/2016
Statoil to build world’s largest offshore floating wind farm in Scotland
Statoil, the Norwegian energy company, was awarded a lease to use the seabed off the east coast of Scotland to build the world’s largest floating offshore wind farm.
read more... 18/05/2016
Work launched at the Greek section of Trans-Adriatic gas pipeline
Greece started on Tuesday the construction on a 550-kilometre (342-mile) section of the Trans-Adriatic Pipeline (TAP) which will carry Caspian gas to European markets in an attempt to reduce their reliance on Russia.
read more... 18/05/2016