Norwegian oil and gas firm Statoil (STO) has found between 5 billion and 20 billion cubic metres of recoverable gas in the Arctic Barents Sea, near its Johan Castberg find, the Norwegian Petroleum Directorate said on Friday.
Statoil owns 40 percent of the licence while RN Nordic Oil, North Energy and Edison each hold 20 percent.
By Balazs Koranyi
BP's CEO will abandon a goal to double renewable energy generation by 2030 and return the focus to fossil energies as part…
Malaysian palm futures closed higher on Friday, logging a fourth consecutive weekly gain. Lower stocks supported the market…
John Wood Group shares fell 30% in the early trading of Friday, after the British engineering company announced that its…
Malaysian palm futures increased on Friday as lower inventories supported the market, despite concerns about demand and uncertainty…
Brazil's Energy and Mining minister Alexandre Silveira stated on Thursday that any potential U.S. Tariff on Brazilian Ethanol would be unreasonable.
DTE Energy increased its five-year plan for capital expenditures by $5 billion, on Thursday. The utility had posted a decline…
TE Connectivity entered into a definitive agreement to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management, L.P.
Freeport McMoRan will resume copper concentrate shipments from Indonesia in this month, under a newly issued export licence.
Shell must take responsibility for the environmental damage caused in Nigeria by oil spills. A community leader made this statement on Thursday…
Adani Total, an Indian joint venture, has not yet conducted feasibility studies for doubling the capacity of the LNG terminal at Dhamra.
The International Energy Agency reported on Thursday that Russia's commercial revenue from crude oil and oil product sales…
A survey by the Norwegian National Statistics Office (SSB) on Thursday showed that Norwegian oil and natural gas investments…
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