Faroe concedes defeat after Norwegian raid
Industry
London-listed North Sea oil explorer Faroe Petroleum’s board has conceded defeat in a long-running takeover bid and advised its shareholders
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BP hails 12 years of Azerbaijan success
Production
Ater 12 years in operation, BP has pumped around 100 billion cubic metres of gas from Azerbaijan’s giant Shah Deniz
Portugal biomass subsidy to address fire threat
Production
The European Commission has approved a €320-million programme to subsidise Portuguese biomass energy stations where there is a high fire
Activists criticise Polish energy strategy
Environment
Environmentalists have called on Poland to end its reliance on coal power as the national government prepares to adopt a
Libya oil chief bullish amid chaos
Production
Libya aims to more than double its oil production to 2.1 million barrels per day (bpd) by 2021 provided security
Oil price has best week in two years
Industry
The international oil benchmark, Brent crude, measured its best weekly gain in more than two years, as a lively economy
Valencia’s port to pioneer hydrogen use
Environment
Valencia will become the first European port to use hydrogen to power its container terminals to reduce the environmental impact
Renewables overtake coal in Germany
Production
Renewable sources last year overtook coal to become Germany’s biggest source of electricity for the first time, boosted by an
Turkey to step up Cypriot drilling
Production
Turkey says it will step up its operations in the eastern Mediterranean, despite opposition from Greece and Cyprus. A Turkish
Oil prices fell amid instability
Policy
Oil prices fell today (Thursday) amid currency and stock market instability, and as analysts warned of an economic slowdown as
EDF and Shell join forces for New Jersey wind project
Environment
France’s EDF (Électricité de France) Renewables and Royal Shell Dutch New Energies have formed a joint venture called Atlantic Shores
Struggling oil firm eyes Indonesia sale
Industry
A struggling European-based oil explorer and producer is in talks to sell itself to an Indonesian rival. Shares in Ophir
Shell plans return to UK offshore wind
Production
Royal Dutch Shell says it is considering bidding for rights to develop offshore wind farms in UK waters as the
India deal hands Iran lifeline
Policy
India has reportedly handed Iran a tax break worth hundreds of millions of dollars, effectively giving the all-clear to a
Russia dismisses permanent oil output cut
Production
Russia’s energy minister has said the world’s third largest oil exporter it is unlikely to make its oil alliance with