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Norway considers minimising its reliance on oil

Norway’s Minister of Climate and Environment, Vidar Helgesen, declared on Thursday that the country will try to find ways to lessen its dependence on oil and gas as fossil fuels are dropping in value continuously due to energy transition.

read more... 06/10/2017

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Daily (06.10.2017): Oil prices soared 2% on Thursday on signs of production cut in 2018

Oil prices increased by about 2 percent on Thursday as signs Saudi Arabia and Russia would cut output through next year. The news offset Wednesday's U.S. data indicating record U.S. exports and the return of production at a major Libyan oilfield.

read more... 06/10/2017

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Biggest oil refinery in Europe will be temporary off

In October and November, Royal Dutch Shell will be dealing with the upkeep of its 12 units at the Pernis oil refinery in Rotterdam, Netherlands.

read more... 05/10/2017

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Statoil makes first steps into solar sector with Brazilian joint venture

Norway's oil company Statoil decided to make the first steps into the solar sector on Wednesday, associating in a joint venture with Oslo’s renewable energy firm Scatec Solar, targeting the construction of a few large solar plants in Brazil.

read more... 05/10/2017

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Siemens is prepared to assist in upgrading Russian power plants

German engineering company Siemens is set to take part in the modernisation of Russian power plants.

read more... 05/10/2017

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