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Oil & Gas Trade
Topside Installed for Norway's Nova Field
Wintershall Dea's Nova field will be tied back to a platform at the Neptune Energy-operated Gjoa field.
European Commission unveils a New Renewables Projects Funding Scheme
The European Commission has launched a public consultation on draft rules to create a new EU financing mechanism to support renewable energy projects.
Commission Outlines Plan for EU Financing Mechanism to Support New Renewable Energy Projects
The Commission has this week opened a four-week public consultation for feedback on draft rules to establish a new EU financing mechanism to support renewable e…
Oil & Gas Trade
McDermott Wins Contract for LPG Spheres in Caribbean
A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.
EU Energy Ministers must Phase Out Fossil Gas and Improve Their 2030 Plans
EU energy ministers have discussed sector integration as well as the state of play of the National Energy and Climate Plans (NECPs).
Energy Storage Project
EU Greenlights EUR 3.2 Billion Battery Research Project
The European Commission approved Monday under EU state aid rules a 'Common European interest' project jointly notified by seven EU Member States to support rese…
European Electric Vehicle Batteries 2020 Summit
ACI’s European Electric Vehicle Batteries Summit in Rotterdam, The Netherlands, originally scheduled to take place on 3-4 June, has been postponed to the 9-10 …
Energy Transition
EU Bank Ends Fossil Fuel Lending in World-First for Climate
The European Investment Bank (EIB) today became the world's first public lender to commit to ending funding for coal, oil and gas.
Broad Alliance of European Countries Calls for an EU Industrial Policy for Renewables
The signatories emphasise that the expansion of renewable energies would create new opportunities in terms of growth, investments, job creation and innovation i…
50Hertz's Parent to Fund Offshore Grid Links with EUR-750m Green Bond
The parent company of 50Hertz Transmission GmbH, the transmission system operator (TSO) in northern and eastern Germany, has placed a EUR-750-million (USD 813m)…
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Eavor Raises USD 8m to Fund Development of New Geothermal Tech
Eavor Technologies Inc on Tuesday said it has raised CAD 11.4 million (USD 8.1m/EUR 7.5m) to fund the development programme for its geothermal energy technology…
Oil Price
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…
Crude Oil
Shell to Shut Philippines Refinery
Shell's Philippine affiliate Pilipinas Shell Petroleum will temporarily shut operations at its 110,000 b/d Tabangao refinery for approximately a month starting …
Energy Transition
Rate of Carbon Emission Falls Across Europe Amid Covid-19
Cornwall Insight studied electricity demand and carbon emissions in five European countries.
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