Latest news
China buys record volume of Russian oil as European demand dives: traders
China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia’s flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday.
read more... 26/03/2020
Iberdrola mulls sale of 40% stake in Wikinger offshore wind farm - report
Iberdrola SA (BME:IBE) is looking to sell a stake of around 40% in the 350-MW Wikinger offshore wind farm in the Baltic Sea, Spanish business newspaper Expansion has reported citing sources close to the transaction.
read more... 26/03/2020
Portugal's Rosseti breaks ground on 30-MW solar farm
Portuguese company Rosseti Engenharia has commenced construction works for a 30-MW photovoltaic (PV) plant in Mexeeiro, Santarem district.
read more... 25/03/2020
Equinor slashes investment, spending in $3 billion coronavirus package
Norwegian oil firm Equinor will cut investments, exploration drilling and operating costs as part of a $3 billion plan to help the company weather the coronavirus crisis and low oil prices, it said on Wednesday.
read more... 25/03/2020
Oil Price Crash Could Wipe Out $131 Billion In New Projects
The double supply-demand shock in the oil market could lead to companies deferring as much as $131 billion worth of oil and gas projects slated for approval in 2020, with everyone in the industry--from Big Oil to the small players--is feeling the pain of the oil price crash and looks to weather the storm.
read more... 25/03/2020