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Statoil gets the green light to develop its Oseberg Vestflanken 2 project
Norway’s Ministry of Petroleum and Energy has given Statoil the green light for the development of its Oseberg Vestflanken 2 project.
read more... 16/06/2016
Areva unveils restructuration plans, nuclear spin off
French nuclear group Areva plans to spin off two thirds of its nuclear operations and to invite strategic investors to acquire a one third stake, Areva stated on Wednesday.
read more... 16/06/2016
Daily: Crude oil prices plunge for the fifth straight day on Brexit fears, Fed rate hikes
Crude oil prices dipped for a fifth consecutive session on Wednesday on fears that UK might leave the European Union, while the U.S. Federal Reserve announced plans for two U.S. rate hikes this year despite sluggish growth expectations. Brent crude futures for front-month delivery fell 86 cents, or 1.7 percent, to settle at $48.97 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost 48 cents, or 1 percent, to close at $48.01 per barrel.
read more... 16/06/2016
EnBW will intensify cost cutting, reduce hundreds of jobs
German utility EnBW declared on Tuesday it would accelerate cost-cutting measures to save an extra 250 million euros ($280 million) by 2020, since it struggles with decreasing electricity prices and the cost of phasing-out nuclear power.
read more... 15/06/2016
Sweden’s support for nuclear – a boost for the industry
Sweden's plan to preserve nuclear energy as part of its low-carbon energy mix is a significant boost for the nuclear industry, as stated on Tuesday by CEO of French utility EDF Jean-Bernard Levy .
read more... 15/06/2016