The world's longest subsea power transmission cable is to be built between Norway and Britain by 2021, as stated by Norway's Statnett on Thursday.
read more... 27/03/2015
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015
An earlier announced unexpected outage at Norway's offshore Oseberg field was annulled, leading to a restart of gas flows on the Vesterled pipeline, as stated by the gas system operator Gassco on Thursday.
read more... 19/03/2015
Norway-based shipping firm Golar LNG and Russian oil company Rosneft have entered into a deal to build up floating LNG production.
read more... 11/03/2015
Crude oil plunged on Tuesday, dragged down sharply by a rallying dollar, with Brent declining more than WTI as traders took profits on recent highs in Brent’s premium. Brent crude closed at $58.39 a barrel, down $2.14, and U.S. crude settled at $48.29, slipping $1.71.
read more... 11/03/2015