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Norway’s oil and gas output targets for 2012 in doubt
According to the Norwegian Petroleum Directorate (NDP), Europe’s biggest oil producer is expected to miss its oil and gas output target due to interruptions and technical problems. Norwegian oil and gas production fell deeply in September, as various fields were put on care and maintenance, and will likely produce less oil than the expected 1.6 million barrels per day in 2012.
read more... 18/10/2012
Global clean energy investment to register a significant decrease in 2012
Global clean energy investment for 2012 is likely to fall short of last year’s 280 billion dollars. According to BNEF, global investment in clean energy came to 56.6 billion dollars in the third quarter of 2012, a 20% decrease in comparison to 2011, being the first annual decline within the last 8 years.
read more... 12/10/2012
Norway to nearly double carbon tax on offshore oil industry
Norway envisages doubling carbon tax on its North Sea offshore petroleum industry, boosting its funding for the prevention of deforestation in developing countries and launching a new climate and energy fund of £1bn, according to its draft 2013 budget.
read more... 12/10/2012
Iraq could overtake Russia as the world second largest oil exporter by 2030
Iraq has the potential to become the world’s second-largest oil exporter by 2030 and double its output by 2020, according to a study released by the International Energy Agency, overtaking even Russia in terms of exports.
read more... 10/10/2012
Poland downsizes planned cut in subventions for renewable energy
Poland has downsized its plan to cut feed in tariff for renewable energy from 9.7 billion zlotys to a total of 2.3 billion zlotys ($738 million) by the end of the decade, according to an updated draft bill on renewable published on Friday.
read more... 08/10/2012