Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021
Britain and Norway have finished laying the world's longest subsea power cable, which will send wind and hydro energy between the two countries, Norwegian power grid operator Statnett announced Tuesday.
read more... 16/06/2021
Norway will start testing on June 15 its first power interconnector with Britain, North Sea Link (NSL), Norwegian transmission system operator Statnett said on Tuesday.
read more... 09/06/2021
Germany and Norway inaugurated a new undersea cable Thursday that directly links the two countries' electricity networks, a project that has been described as a key step in Europe's effort to shift away from fossil fuels to renewable energy.
read more... 28/05/2021
Norwegian duo Equinor and Horisont Energi have struck a deal to further mature a carbon transportation and storage project in the Barents Sea, off the coast of northern Norway.
read more... 24/05/2021