Latest news
Cyprus: Block 10 will be explored by Qatar Petroleum and ExxonMobil
The Cypriot Government signed an agreement with Qatar Petroleum and ExxonMobil eyeing the exploration of the hydrocarbon potential in Block 10 offshore the Mediterranean Island.
read more... 06/04/2017
Polish government-run PGNiG consolidates its position in Norway
Polish government-run PGNiG (Polish Oil and Gas Company) has acquired a share in the Storklakken oil field which was discovered in 2010 by Aker BP ASA. The deal is carrying out PGNiG’s strategy in increasing hydrocarbon production outside Poland.
read more... 24/03/2017
Daily (20.03.2017): European year-ahead power prices diverge on lower carbon, stronger coal prices
Crude oil prices were mainly flat on Friday, posting minor gains for the week, but speculators considerably cut long positions on worries that an OPEC production reduction was failing to slash a global supply glut.
read more... 20/03/2017
UK: Offshore wind power subventions likely to fall below nuclear
Subsidy costs for British offshore wind farms might drop below those of new nuclear plants in next month's government auction, German company Siemens' Britain's government is under pressure to bring down consumers' power costs at the same time as supporting low-carbon generation to aid satisfy its carbon emission reduction goals and plug a forthcoming supply gap.
read more... 13/03/2017
Norway’s wealth fund excludes 10 more firms over carbon emissions risk
Norway's central bank, which manages the country's $900 billion wealth fund, has blacklisted another 10 companies because they use or produce coal, excluding them from its investment.
read more... 10/03/2017