Latest news
Statoil Q3 net profit down by 25 %
The Norwegian oil company, Statoil announced a drop of its profit by 25 percent in the third quarter, mainly due to increased production costs and a higher tax rate.
read more... 31/10/2011
North Sea Breagh Platform successfully completed
RWE Dea UK announced that the installation of Breagh Alpha platform in the UK North Sea has been completed successfully.
read more... 27/10/2011
Global Recession Impacts Oil Demand Forecasts
Despite the recession in the United States and Europe, global oil demand may increase more than expected, mainly supported by stronger oil consumption in the Middle East and China, but also in Japan that underwent a tremendous economic transformation following a nuclear crisis.
read more... 13/10/2011
Dutch top court gives the green light to RWE’s coal-fired plant
The German utility, RWE has been allowed to continue limited construction of a 1,560 MW coal-fired plant after Netherlands' highest administrative court on Friday dismissed a request from environmentalists who said the company should lay down work until it has the required permits.
read more... 05/09/2011
New perspectives for Barents gas in Europe
Significant discoveries of gas in the Norwegian and Barents Sea represent a challenge for Norway to extend its current pipeline system from the North Sea to the Barents Sea.
read more... 26/08/2011