Hurt by decreased electricity, Vattenfall will slash 1,000 jobs and close its two oldest nuclear reactors earlier than intended, as stated by the Swedish state-owned utility on Tuesday.
read more... 29/04/2015
Crude oil prices were under pressure on Tuesday, with Brent ending lower and U.S. crude near flat, as concerns about a record high in U.S. crude stockpiles slashed gains from an early increase on security worries in the Middle East and a weak dollar. Brent crude declined by 19 cents, or 0.3 percent, to close at $64.64 a barrel, after soaring to as high as $65.49. WTI crude rose by 7 cents at $57.06, after trading to as high as $57.83.
read more... 29/04/2015
A group of European solar panel producers has placed a new complaint with EU regulators, blaming Chinese competitors of trying to avoid import tariffs by shipping their products via third countries.
read more... 29/04/2015
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