Latest news
Cyprus: New gas discovery offshore considered non-profitable
Eni and Total have found gas while drilling offshore Cyprus near the giant Zohr gas field discovery in Egypt waters, but the anticipated quantity of the recently discovered field is too small to develop on its own, as stated by Cypriot Energy Minister Yiorgos Lakkotrypis on Tuesday.
read more... 13/09/2017
Total hopes to obtain 2 million gas and power customers in France
French oil and gas company Total will begin to retail gas and electricity in France by the end of this year and hopes to win about two million customers, as stated on Wednesday by chief executive Patrick Pouyanne.
read more... 31/08/2017
World’s largest wind turbine producer says “Goodbye” to the oil industry
Denmark is getting rid of its last oil company as the petroleum age is slowly dying out. The most recent deals is the acquiring of Maersk Oil by the French giant Total for $7.45 which follows the sale of Dong Energy’s North Sea oil and gas production to Ineos AG.
read more... 30/08/2017
Coal-generated power hit 135-year low in UK
Last month coal reached a historical low in the UK’s total energy mix, contributing only 2%, or the lowest level in the last 135 years. On the other side, gas-fired power represented around 40% of the total energy in the UK, nuclear power made up 32% and renewables accounted for 18%.
read more... 30/08/2017
139 countries estimated to go 100% green by 2050
By the year 2050, a total of 139 countries could get their energy only from renewable sources such as water, wind and sun.
read more... 25/08/2017