2014-12-03 21:15:00
NORWAY'S OIL FUND OPPORTUNITY
Norway's oil fund can carry on investing in oil.
On Wednesday, an expert panel commissioned by the Norwegian government recommended that the $870bn fund – which began reinvesting state oil revenues in 1996 and has grown into the world's largest sovereign wealth investor – should remain a shareholder in fossil fuel companies.
Its decision bucks a recent trend among big institutional investors – from Stanford University and the Rockefeller family foundation to Norwegian pension funds – to disinvest from coal and tar sands companies, and consider selling out of oil and gas groups.
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2019, November, 22, 11:55:00
ABU DHABI SOLAR ELECTRICITY 249,695 MWH
the emirate of Abu Dhabi achieved progress in terms of its electricity production from solar energy, increasing from 17,986 megawatt-hours in 2011 to 249,695 megawatt-hours in 2018.
2019, November, 22, 11:50:00
PAKISTAN'S RENEWABLE ENERGY: $40 BLN
The government of Pakistan has announced that it will invite bids for setting up renewable energy projects in the country in a bid to tap the investment potential of $40bn.
2019, November, 22, 11:45:00
RUSSIA'S GDP GROWTH: 1.1-1.9%
In the near term, Russia's GDP is projected to grow by 1.1 percent in 2019, held back by weak domestic demand and an unfavorable external environment. Growth is forecast to pick up to 1.9 percent in 2020
2019, November, 22, 11:40:00
EXXON WILL SELL $25 BLN
Exxon’s shares have underperformed its major rivals’ in recent years. The disposals would help the company increase spending on new developments and appease investors unhappy with weak cash generation and oil output, which flatlined under Woods’ predecessor Rex Tillerson.
2019, November, 22, 11:35:00
Energy Week Georgia 2020, 28-30th January, Tbilisi
On 28-30th January 2020 the international investment event “Energy Week Georgia 2020” will take place in Tbilisi.
2019, November, 20, 12:10:00
OIL PRICE: ABOVE $60
Brent were at $60.71 a barrel, WTI erased early gains to be down 6 cents, or 0.1%, at $55.15 a barrel
2019, November, 20, 12:00:00
DRAMATICALLY IMPORTANT: NUCLEAR POWER
"We need to replace 70-90% of carbon resources of energy by 2050 in order to avoid overheating the Earth," he said, adding that two-thirds of the world's population still relies on biomass. An alarming projection, he said, is that by 2050 African nations will be consuming as much energy per capita as they do now, but their population will have doubled to 1.4 billion. "This will have dramatic implications for healthcare, employment and migration in the future," he said. "Only nuclear power can stop this migration by helping to develop the region."