Latest news
Norway approves extension to giant oilfield
Authorities in Norway have formally approved the development and operation of the second phase of the giant Johan Sverdrup oil field.
read more... 16/05/2019
Daily (28.03.2019): WTI futures declined by nearly 1% after unexpectedly higher U.S. crude stockpiles data
Crude oil prices lost ground on Wednesday, following EIA data which showed higher-than-anticipated crude inventories in the U.S. last week due to hampered crude cargoes traffic along the Houston Ship Channel and slower refining operations. The fall in prices was nevertheless limited by OPEC’s supply cuts and the disruption in Venezuelan exports caused by the second massive power blackout this month. Brent crude traded 0.2% down at $67.83 a barrel, while WTI futures lost 0.9 % to end at $59.41 a barrel.
read more... 28/03/2019
SolTech Energy agrees to add 500 MW of solar in China over 5 years
SolTech Energy Sweden AB has entered into a cooperation agreement that calls for the company to build solar power plants with a combined capacity of 500 MW in China’s Jiangsu Province over a period of five years.
read more... 28/03/2019
BP establishes $100M fund for projects for emissions reductions
BP has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its Upstream oil and gas operations, Trend reports citing a message from the company.
read more... 27/03/2019
REE to invest EUR 3.2bn to aid energy transition in Spain
Spanish grid operator Red Electrica de Espana (REE) will invest a total of EUR 3.221 billion (USD 3.6bn) in the development of the high voltage transport network and the operation of the electric system to enable the energy transition across the entire territory of Spain.
read more... 25/03/2019