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Indian cabinet awards 31 oil and gas blocks under 2016 bid round
The Indian government has finally approved the rights to 31 oil and gas exploration blocks comprising 44 small fields, which were auctioned under the Discovered Small Field (DSF) Bid Round 2016.
read more... 17/02/2017
Daily (17.02.2017): German spot power up 6% on expectations of lower thermal supply
Crude oil prices posted a modest increase on Thursday, as growing U.S. stockpiles against possible renewed efforts by major oil producers to reduce the supply glut weighed on the market.
read more... 17/02/2017
Statoil to phase-out its CHP plant at Mongstad from 2019
Statoil will phase out its Mongstad combined heat and power plant (CHP) in Norway following several years of unprofitable operations.
read more... 16/02/2017
Investors request G20 to stop fossil fuel subsidies
A group of investors have requested the G20 to stop fossil fuel subsidies by 2020. The businesses, which are estimated at a total of $2.8 trillion (£2.25tn) and comprise insurance companies Aviva, KBI and Legal and General, declared the backing for production and consumption of fossil fuels is a significant concern to the finance sector.
read more... 16/02/2017
Gamesa wins orders to supply turbines in India
Gamesa has won orders to provide turbines for seven wind parks in India with a combined capacity of 278MW.
read more... 16/02/2017