Latest news
Daily: Gas prices down on an oversupplied system
Oil prices dropped on Wednesday, with U.S. crude reducing by about 3 percent, on renewed worries over oversupply, due to an unexpected huge inventory in the world's biggest oil consumer. U.S. West Texas Intermediate (WTI) futures settled down at $46.77 per barrel, decreasing by $1.33, or 2.8 percent. Brent crude futures dropped by 91 cents, or 1.8 percent, arriving at $49.05.
read more... 25/08/2016
USA: CO2 emissions from natural gas to surpass emissions from coal in 2016
This year US CO2 emissions from burning natural gas will exceed emissions from coal for the first time in more than 40 years.
read more... 24/08/2016
Daily: Oil prices down on growing Chinese fuel exports
Oil shed more than 3 percent on Monday, declining from last week's two-month highs, on concerns about growing Chinese fuel exports, with China's July diesel and gasoline exports increasing 181.8 percent and 145.2 percent, respectively, putting this way pressure on refined product margins.
read more... 23/08/2016
Work begins on 385 MW Baltic Sea wind farm
Germany-based utility company E.ON and Norwegian oil and gas firm Statoil have started on Thursday the construction of the 385 MW Arkona offshore wind project, a new wind farm situated 35 kilometers northeast of the island of Rugen in the German Baltic Sea.
read more... 23/08/2016
Statoil will reduce carbon emissions by 2 million tonnes by 2030
The Norwegian Oil and Gas Association made known about its goal to implement carbon emissions reduction measures corresponding to 2.5 million tonnes on the Norwegian continental shelf (NCS) by 2030 compared to 2020.
read more... 18/08/2016