Latest news
French Total discovered more gas in the North Sea
Norway’s energy regulator, the Norwegian Petroleum Directorate (NPD), said the subsidiary of the French giant Total found more gas while drilling a wildcat well in northeast part of the Martin Linge field, in the North Sea.
read more... 18/10/2016
Daily: French spot electricity prices buoyed by higher consumption, weak nuclear output
Crude oil futures closed higher on Monday lifted by a weaker dollar and stronger U.S. equity markets which offset worries about increasing drilling activity for oil in the United States. Prices also received a boost from forecasts that U.S. shale oil production could dip for an 11th consecutive month in October. Brent crude rose 31 cents, or 0.7 percent, at $48.32 per barrel. U.S. West Texas Intermediate crude gained 41 cents, or nearly 1 percent, to settle at $46.29.
read more... 13/09/2016
Statoil acquires Tullow Oil stakes off Norway
Norway's Statoil ASA declared on Tuesday it had settled with the U.K.'s Tullow Oil PLC to buy stakes in four oil drilling licenses off Norway, counting a 20% stake in the Wisting finding in the Barents Sea, at an unrevealed price.
read more... 06/09/2016
Statoil to reduce costs and raise output at Johan Sverdrup oil field
Norway’s Statoil ASA has announced on Monday that it had dropped billions of dollars planned for the start-up of its giant Johan Sverdrup oil field by about 20%. In addition, the company has also raised the estimated initial output by 16% after intensifying drilling and streamlining operations.
read more... 30/08/2016
German government agrees an unlimited ban on shale gas fracking
German government has agreed to ban fracking for shale gas for an indefinite period on Tuesday, but would permit test drilling to be carried out if state governments allow it.
read more... 22/06/2016