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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
Nearly $640 bln coal investments undercut by cheap renewables - research
Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday.
read more... 13/03/2020
Russian oil & gas firms plan to invest $20 BILLION in Iraq’s energy industry
Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced. The companies may spend up to $20 billion on oil projects in Iraq, Fyodorov said at a meeting with Iraqi Ambassador to Russia Abdul-Rahman Al-Husseini, according to Russian media.
read more... 11/02/2020
Lithuania transports record volume of gas to the Baltic States
In 2019, Lithuania transported the highest ever recorded volume of gas to the Baltic States. By making targeted investments into the Lithuanian gas infrastructure and its interconnection with neighbouring countries, the gas transmission to the Baltic States increased 2.6-fold in 2019, reaching almost 6 TWh of gas.
read more... 15/01/2020
Obton launches new solar fund targeting EUR 1.6bn
Denmark-based renewables investor and asset manager Obton said on Thursday it is launching its biggest solar fund to date, targeting EUR 1.6 billion (USD 1.79bn) in sustainable investments.
read more... 13/12/2019