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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
EU bank promises €62 million to renewable energy fund
The European Investment Bank (EIB) has promised €62 million (£52.74m) to a renewable energy fund.
read more... 30/08/2016
Daily: Spot power prices increased on lower wind in Germany, nuclear supply in France
Oil prices decreased more than 1 percent yesterday on renewed worries over an oil oversupply, a stronger dollar and hopes that Nigerian insurgents will stop hampering country's crude production. Brent crude decreased 66 cents arriving at $49.26 a barrel, down 1.3 percent. U.S. West Texas Intermediate (WTI) crude diminished 66 cents, or 1.4 percent, at $46.98.
read more... 30/08/2016
EDF and French government settle on 400 million euro compensation for Fessenheim closure
French state-controlled utility EDF and the French government have settled on a 400 million euro ($450 million) compensation package for the shutting down of EDF's Fessenheim nuclear plant, as stated by a source familiar with the situation on Wednesday.
read more... 29/08/2016
Investors ask G20 nations to approve Paris climate deal this year
Investors running assets of over $13 trillion urged leaders of the Group of 20 on Wednesday to approve a global climate deal by the end of 2016 and to intensify efforts to move from fossil fuels.
read more... 29/08/2016