Austria takes EC to court over Paks nuclear power plant expansion in Hungary

(adsbygoogle = window.adsbygoogle || []).push({}); Hungarian nuclear power plant controversy : Austria has sued the European Commission for its approval of Hungary’s expansion of the Paks nuclear power plant, in line with a threat it had issued last month. Vienna, which has been strongly advocating against the use of nuclear energy for several More...

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By businessnewstoday On Monday, February 19th, 2018
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Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore More...

By businessnewstoday On Wednesday, February 14th, 2018
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Kvaerner bags $481m contract from Statoil for Johan Castberg project

Norwegian engineering company Kvaerner has bagged a contract of around NOK 3.8 billion ($ 481 million) related to the Johan Castberg project in offshore Norway from Statoil. Under the contract, Kvaerner will construct More...

By businessnewstoday On Tuesday, February 13th, 2018
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BP’s $1bn Atoll Phase One offshore gas project in Egypt begins production

British oil and gas major BP has commenced gas production from Atoll Phase One, an offshore gas project that has been developed with an investment of about $1 billion in Egypt. Located in the North Damietta block More...

By businessnewstoday On Monday, February 12th, 2018
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ONGC Videsh led consortium picks stake in offshore Abu Dhabi oil field

Oil and gas industry news : Three Indian state-controlled oil firms ONGC,  Indian Oil Corporation (IOC) and Bharat Petroleum have acquired a 10% stake in consortium in an offshore Abu Dhabi oil field – the Lower More...

By businessnewstoday On Tuesday, February 6th, 2018
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CNOOC and partners begin production from Stampede oil and gas project

Oil and gas news : China National Offshore Oil Corporation (CNOOC) and its partners have achieved production from the $6 billion worth Stampede oil and gas project, located in the deepwater US Gulf of Mexico. The More...

By businessnewstoday On Monday, February 5th, 2018
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AGL Energy breaks ground on Barker Inlet Power Station in South Australia

AGL Energy has broken ground on its AUD295 million ($234 million) Barker Inlet Power Station, a gas fired power plant with a capacity of 210MW, located in South Australia. The new gas fired power plant of the Australian More...

By businessnewstoday On Sunday, February 4th, 2018
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Chevron, Total announce Ballymore oil discovery in Gulf of Mexico

Oil and gas news : Chevron and Total have pulled off a major oil discovery in the Ballymore prospect in the US Gulf of Mexico following its drilling. The partners said that the Ballymore well had encountered 205 More...

By businessnewstoday On Saturday, February 3rd, 2018
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Statoil to use West Hercules drilling rig for Barents Sea exploration

Oil and gas news : Norwegian energy company Statoil and its partners will use the West Hercules drilling rig for Barents Sea exploration following a contract awarded to North Atlantic Norway to use its semi-submersible More...

By businessnewstoday On Saturday, February 3rd, 2018
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Pacifico Energy begins construction of Minami Mega solar project in Japan

Solar industry news : Japanese solar power developer Pacifico Energy has started construction of the 55MW Minami Mega solar project in Japan’s Gifu prefecture in Gujo City. The new Japanese solar power plant will More...