The German-Russian pipeline project had been a bone of contention between Berlin and Washington, which fears it will make Europe’s largest economy excessively reliant on Russian energy. When the German Continue Reading
The $1 trillion sovereign wealth fund of Norway may sell off all of its shares in oil producers. The move is a shot across the bow for the oil industry. Continue Reading
Another big step has been taken to end the hydrocarbon era, if the decision by Norway’s sovereign wealth fund to dump oil stocks and investments is a sign on the Continue Reading
Norway’s $1 trillion sovereign-wealth fund took a major step toward selling off some of its substantial holdings in oil-and-gas companies, a move to shield the oil-rich nation from the risk Continue Reading
Oil and gas production costs on the Norwegian Continental Shelf (NCS) rose by 7 percent in 2018 compared to 2017, ending a streak of several years of continuous cost reductions, Continue Reading
Russia’s Gazprom Export said Thursday it had made its first ever sale of gas to a western European company priced in rubles, as the company continues to use its Electronic Continue Reading
Russian exports of oil and oil products to the United States surged in the last week of February to their highest level since 2011, with Russia taking advantage of the Continue Reading
Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference in Venezuela’s domestic affairs. At Continue Reading
The UK has announced a new target to source a third of its electricity from offshore wind by 2030 , but faces criticism for not setting more ambitious goals to Continue Reading
Moscow — Russian independent gas producer Novatek said late Wednesday that it has closed a deal to sell a 10% stake in the Arctic LNG 2 project to its long-term Continue Reading
