Latest news
Statoil launches first production at Smorbukk South Extension project
Norwegian energy giant has commenced production from Smorbukk South Extension project, two and a half years after project sanction, being considered infeasible and unprofitable initially due to permeability.
read more... 07/09/2015
Daily: European spot power prices rebound amid lower renewable output
Crude oil futures declined about 2 percent on Friday as traders paid little attention to a decline in the number of U.S. rigs drilling for oil and focused instead on an oversupply and falling stock prices on Wall Street. WTI crude dropped 70 cents, or 1.5 percent, to settle at $46.05. It posted a 1.7 percent hike on the week, after last week's near 12 percent gain, the largest since 2011. Brent crude lost $1.07, or 2.1 percent, to close at $49.61 a barrel. It registered a 0.9 percent decline on the week.
read more... 07/09/2015
Finland to curtail wind power development amid high subsidies costs
Finland is planning to prune wind power developments and curb subsidy costs, restraining a boom that exceeded government expectations.
read more... 04/09/2015
EC gives the green light to Shell for the $70 billion acquisition of the BG Group
Royal Dutch Shell has received the green light from the European Commission to acquire the British natural-gas company BG Group for approximately $70bn.
read more... 04/09/2015
Gazprom and European partners ink Nord Stream 2 deal
Russian giant Gazprom and its European partners have inked a shareholders’ agreement on the Nord Stream-2 gas pipeline at the Eastern Economic Forum (EEF) on Friday.
read more... 04/09/2015