Latest news
Russia postpones Arctic drilling plan for up to three years
The Russian Government has made known about its plan to defer its drilling operations on the Arctic Shelf for about three years.
read more... 02/10/2015
EEW obtains order for Belwind 2 offshore wind farm
German manufacturer EEW has obtained an order from Belgium developer Nobelwind to produce 51 monopiles at the Belwind 2 offshore wind farm in the North Sea.
read more... 02/10/2015
First Utility enters Germany market - branded as Shell
First Utility and Royal Dutch Shell will create a new venture in Germany vending gas and electricity to households under Shell’s branding.
read more... 01/10/2015
Statoil achieves final stretch of Polarled pipeline to connect Arctic with Europe
The last piece of Statoil's 482.4-km long Polarled Pipeline was put in place at the Aasta Hansteen field at a depth of 1,260 metres in the Norwegian Sea.
read more... 01/10/2015
Daily: Crude oil prices diverge in volatile trade amid a hike in U.S. stockpiles, airstrikes in Syria
Crude oil prices settled mixed in volatile trade on Wednesday, with Brent increasing on concerns about Russian airstrikes in Syria and WTI crude declining after figures showing a hike in domestic stockpiles. For the quarter, both Brent and U.S. crude lost 24 percent, recording their largest decline since the end of 2014. Brent rose by 14 cents, or 0.3 percent, to close at $48.37 a barrel. It shed 10 percent for September. U.S. crude slipped 14 cents, or 0.3 percent, to end at $45.09, reversing earlier gains. For the month, U.S. crude fell 8 percent.
read more... 01/10/2015