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Iran to jointly build an oil hub with China
China and Iran have inked a deal to jointly develop an oil terminal on Qeshm Islandin the southern Persian Gulf, which will turn the island into an important hub for oil production and reserves.
read more... 17/06/2016
Solar and wind costs might drop by around 59% by 2025
The average cost of power produced by solar and wind energy might decrease by around 59 percent by 2025 if the right policies are in place, as stated in a report by the International Renewable Energy Agency (IRENA) on Wednesday.
read more... 16/06/2016
Statoil gets the green light to develop its Oseberg Vestflanken 2 project
Norway’s Ministry of Petroleum and Energy has given Statoil the green light for the development of its Oseberg Vestflanken 2 project.
read more... 16/06/2016
Areva unveils restructuration plans, nuclear spin off
French nuclear group Areva plans to spin off two thirds of its nuclear operations and to invite strategic investors to acquire a one third stake, Areva stated on Wednesday.
read more... 16/06/2016
Daily: Crude oil prices plunge for the fifth straight day on Brexit fears, Fed rate hikes
Crude oil prices dipped for a fifth consecutive session on Wednesday on fears that UK might leave the European Union, while the U.S. Federal Reserve announced plans for two U.S. rate hikes this year despite sluggish growth expectations. Brent crude futures for front-month delivery fell 86 cents, or 1.7 percent, to settle at $48.97 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost 48 cents, or 1 percent, to close at $48.01 per barrel.
read more... 16/06/2016