Norway's Statoil should continue with the postponed improvement of the Snorre oil and gas field in the North Sea since it is a time-critical investment, as stated by energy minister Tord Lien on Monday.
read more... 28/04/2015
An Oslo court began to hear a lawsuit of $1.9 billion by a group of international investors against Norway on Monday, in a situation that challenges the country's reputation as an expectable place to do business with little political risk.
read more... 28/04/2015
A new proposal from Latvia, holder of the EU presidency, puts forward a date of January 1, 2019 to launch reforms of the Emissions Trading System (ETS), as part of efforts to close a compromise agreement, according to EU sources.
read more... 28/04/2015
Crude oil ended lower on Monday as robust supply compensated support from the conflict in Yemen and the declining number of U.S. rigs drilling for oil made traders hesitant after prices reached 2015 peaks last week. Brent crude for June delivery dropped 45 cents to close at $64.83 a barrel, having oscillated from $64.40 to $65.61. European benchmark hit the highest level in 2015 at $65.80 on Friday. WTI crude eased 16 cents to settle at $56.99, having fluctuated from $56.52 to $57.89. It hit a 2015 peak of $58.41 last Thursday.
read more... 28/04/2015
French gas utility GDF Suez declared on Friday it was modifying its name to "Engie" to reflect a progressing energy sector and the group's increasing contribution to renewable power, marking a break from its previous state monopoly past.
read more... 27/04/2015