Exxon prepares to drill off Cyprus
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An ExxonMobil boss says the oil giant plans to drill offshore from Cyprus later this quarter, despite Turkey’s warnings that
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Equinor discovery doubles Norwegian reserves
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Norway’s state-controlled oil firms Equinor and Petoro, along with Italy’s Eni, have completed their appraisal well on last year’s Cape
Rosatom spreads atomic influence around globe
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Russia is building a network of nuclear reactors across the world that is helping to extend Moscow’s influence into global
Statkraft buys Element wind farms
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Norway’s Statkraft has confirmed the purchase of the Element Power Group’s Irish and UK operations. The agreement means the absorption
Wintershall wins North Sea’s Nova deal
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Wintershall Norge has received the all-clear from Norway’s Ministry of Petroleum and Energy for its US$1.2-billion development and operation of
‘Impossible’ to keep Hambach forest: RWE
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The police in western Germany say they are close to clearing the last remaining treehouses from the endangered Hambach forest
Oil price forecast to exceed $100
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A global supply surplus sent Brent crude oil falling from US$114 a barrel in June 2014 to less than US$30
Industry chief rejects US pipeline meddling
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The Federation of German Industry (BDI) has said it will not buckle under US pressure to drop the 1,200 km
Opec appears happy with high oil price
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Donald Trump’s demand that Opec reduces oil prices was dismissed as the group said it would only boost output if
Spain U-turns on coal power subsidies
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Spain has begun cutting government aid for the coal sector, saying it is backing a European Commission plan to prohibit
Turks angered by Cypriot gas deal
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Turkish Cyprus has threatened retaliatory steps over the Republic of Cyprus’ gas pipeline deal signed with Egypt this week as
BP: crime-scene cameras cut costs
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BP says it is using police technology designed to document crime scenes to build virtual replicas of its oil and
Oil prices reach $80 a barrel
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Oil prices briefly touched US$80 a barrel on Wednesday for the first time since May after US stockpiles fell by
Libya oil revenue booms amid chaos
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Libya’s National Oil Corporation (NOC) has announced year-to-date revenue for 2018 of US$13.6 billion, hitting the highest income since 2013
No swift Iran refund for Total: minister
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Iran will not refund French oil and gas giant Total for its investment in South Pars, the world’s largest gas