News

  • Scotland to extend fracking ban indefinitely

    By extending its ban on hydraulic fracturing, the Scottish government “is turning its back on a potential manufacturing and jobs renaissance,” according to an industrial supporter of shale-gas production.   Ineos Shale, operator of two exploration licences between Glasgow and Edinburgh, criticised a decision announced…

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  • Statoil Enters First Solar Development Project

    Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer.   The project will provide approximately 160.000 households with electricity. Statoil and Scatec Solar have also…

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  • DONG Energy Plans to Change Company Name to Ørsted

    DONG Energy has announced that the company will change its name from DONG Energy to Ørsted. The decision follows the global energy company’s profound strategic transformation from black to green energy and the recent divestment of its upstream oil and gas production.   The company…

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  • Vattenfall Expands in Dutch Wind Farm

    Vattenfall has increased its ownership in Wieringermeer wind farm with the acquisition of an additional 32 turbines in what will be the largest windfarm on the Dutch mainland.   Vattenfall will own a total of 82 wind turbines out of 100 at the future Wieringermeer…

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  • Qatar fund is said to explore asset sales as new deals on hold

    Qatar’s sovereign wealth fund is weighing more asset sales after reducing holdings in Credit Suisse Group AG and Rosneft PJSC to support the country’s economy amid a standoff with its neighbours.   The Qatar Investment Authority, which holds shares in companies ranging from Glencore Plc to…

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  • Statoil, Shell, Total partner on Norway CCS project

    Statoil ASA is leading a new partnership with Norske Shell AS and Total E&P Norge AS to develop a large-scale carbon capture and storage (CCS) project on the Norwegian continental shelf.   The project will store carbon dioxide captured from onshore industrial facilities in Eastern…

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