Norway Is Falling Out of Love with Oil
Western Europe’s biggest petroleum producer is falling out of love with oil. To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over Continue Reading
Carlyle to buy up to $4.8 billion stake in Cepsa from Abu Dhabi’s Mubadala
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as Continue Reading
Ultra Low Emission Zone: London’s new pollution charge begins
London’s ULEZ: What you need to know The Ultra Low Emission Zone (ULEZ) has come into force in central London. Drivers of older, more polluting vehicles are being charged to Continue Reading
We Can’t Stop Drilling for Oil, BP Says
You’ve seen the news headlines about global warming and how carbon-based fuels like oil are a huge piece of the problem. That’s not hyperbole. That’s scientific fact. If environmentalists had Continue Reading
Norway’s $1-Trillion Fund Eyes Unlisted Renewable Assets
Weeks after Norway’s government proposed that the country’s US$1-trillion fund divest from pure exploration and production oil companies, the cabinet said on Friday that it will allow the world’s biggest Continue Reading
Russia Seeks New Arctic Oil Frontier
Rosneft, Russia’s state-controlled oil company and the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by Continue Reading
Volkswagen Eyes Electric Pivot Amid Growing Criticism
It’s not often that corporate executives make confessions that could jeopardize both its corporate standing and perhaps even their jobs. Yet, last week a top Volkswagen group executive said that Continue Reading
German President Receives Symbolic ‘Last Piece Of Black Coal’
German President Frank-Walter Steinmeier received on Wednesday the symbolic ‘last piece of black coal,’ marking the end of Germany’s two centuries of hard black coal production, while the country struggles Continue Reading
Despite Accelerated Cuts, Russia Misses OPEC+ Deal Target
Russia continued to gradually reduce oil production in March, but it missed its production cut target under the OPEC+ deal, data from Russia’s Energy Ministry showed on Tuesday. As at Continue Reading
Russian oil output down in March, misses global deal target
Russian oil output declined to 11.298 million barrels per day (bpd) last month, energy ministry data showed on Tuesday, missing the target set under a global deal to cut oil Continue Reading