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Hydropower drives Vattenfall, Statkraft profits, Fortum hit by reduced prices
Sweden's Vattenfall and Norway's Statkraft registered higher first-quarter earnings on Thursday, sustained by higher hydropower production, while fossil-fuel reliant Finnish Fortum's profit dropped.
read more... 29/04/2016
Norway confirms approval for E.ON to construct onshore wind farm
Norwegian Oil and Energy Ministry declared on Thursday it has given the final approval for Germany's E.ON to construct a wind power park of 155 megawatts in southeastern Norway.
read more... 22/04/2016
Norway to quit renewables subsidy program by 2021
Norway is set to end its renewable energy subsidy scheme to new entrants in 2020 and 2021, as it aims to spur competition in developing power lines to other countries the government declared on Friday.
read more... 18/04/2016
Daily: British spot prices tumble as robust flows from Norway offset blackout at gas terminal
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016
Norway will increase gas production capacity, envisages Arctic pipeline
Norway intends to raise its gas production capacity and is assessing the potential for constructing a pipeline from the Barents Sea to satisfy future demand in Europe, according to its gas system operator Gassco on Tuesday.
read more... 06/04/2016