Declining coal and gas prices will not halt record investment in renewables over the coming decades as the cost of generating clean energy drops, according to a key energy report.
read more... 14/06/2016
Norwegian company Det norske oljeselskap (Det norske) has inked a $1.3bn deal with BP to fuse with BP Norge in a bid to form the biggest Norwegian independent oil and gas producer.
read more... 14/06/2016
Crude oil prices declined on Monday, dragged down by U.S. dollar appreciation and pessimistic economic outlook in Europe and in Asia, but gained ground due to ongoing outages in Nigeria. Brent crude oil futures eased 19 cents, or 0.4 percent, to settle at $50.35 per barrel, while U.S. crude declined 19 cents, or 0.4 percent, to end at $48.88 a barrel.
read more... 14/06/2016
China Three Gorges, the operator of the largest hydropower plant in the world on China's Yangtze River, agreed to acquire German offshore wind park Meerwind from U.S. buyout firm Blackstone.
read more... 14/06/2016
Dutch renewable energy firm TenneT unveiled a new vision for a man-created island in the North Sea surrounded by wind farms that would act as a large-scale interconnector for distributing offshore wind electricity between EU countries.
read more... 13/06/2016