The merger of the longstanding German companies Wintershall and DEA is progressing. So far, the companies have applied for all relevant governmental approvals and aim for closing during the first half of 2019.The merger will make Wintershall DEA the largest independent gas and oil producer in Europe. Wintershall reported this on February 21, 2019. The […]
The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to slow the quickest pace of climate change since the end of the last ice age, according to scientists convened by the United Nations. The findings released Monday by the […]
One of the main discussion topics during the Russian Energy Week International Forum will be the development of infrastructure as a way to grow the economy and improve people’s living standards. Russian Deputy Prime Minister Dmitry Kozak, Moscow Mayor Sergei Sobyanin, Russian Railways CEO and Chairman of the Management Board Oleg Belozerov, Sberbank CEO and […]
As part of Russian Energy Week in Moscow, the panel session ‘EnergyNet: The Reboot’ will cover the results of the implementation of the EnergyNet NTI roadmap, and auxiliary stimulation and government support measures aiming to accelerate the introduction of promising high-tech projects. The discussion will feature First Deputy Minister of Energy of the Russian Federation […]
The Russian Energy Week International Forum is to host a roundtable on cooperation between Russia and African nations. Among the government delegations expected to be represented in the talks on partnership prospects are those of the Republic of the Sudan, Angola, Nigeria, Zambia, and South Africa. Senior executives from Rosatom, Sonangol EP, and Hevel will […]
As reported by the Reuters, oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. Brent crude LCOc1 added 55 cents, or 0.7 percent, to $78.62 per barrel by 0638 GMT, following […]
The new wind turbine, whose launch was announced yesterday in Paris, will produce 45 per cent more energy than the current largest turbine available. Each unit is claimed to have the ability to produce 67GWhr of energy per year, sufficient to power up to 16,000 typical European households. Its large size will enable offshore wind […]
NORWAY’S sovereign wealth fund, currently the largest in the world and backed by the nation’s oil reserves, have exceeded $1 trillion in value for the first time. This follows comparisons made last month between the Norwegian energy sector and the North Sea oil industry by the pro-independence think tank Business For Scotland (BFS), which argued […]
Global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016, making the strongest year ever for new capacity additions, according to data released today by the International Renewable Energy Agency (IRENA). Renewable Energy Capacity Statistics 2017, estimates that by the end of last year the world’s renewable generation capacity reached 2,006 GW, with […]
Oil giant BP is in talks with chemicals group Ineos over the sale of the North Sea’s largest pipeline. BP’s Forties Pipeline System (FPS) transports about 450,000 barrels of oil per day on average — about 40% of UK production. The pipeline is one of the oldest in the sector, having started operating in the […]
