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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2021, January, 21, 14:14:00
7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
2021, January, 21, 14:10:00
U.S. NUCLEAR DEVELOPMENT
The U.S. nuclear energy industry pulled out some big wins in 2020,
2021, January, 21, 14:05:00
ENERGY TRANSITION INVESTMENT $500 BLN
In 2020, global investment in the low-carbon energy transition totalled $501.3 billion, up from $458.6 billion in 2019 and just $235.4 billion in 2010.
2021, January, 21, 14:00:00
AKER, MAINSTREAM ACQUISITION €900 MLN
Mainstream Renewable Power is the largest independent developer in Chile and has significant assets in Africa.
2021, January, 21, 13:55:00
AUSTRALIA'S SANTOS PRODUCTION +18%
Record annual production of 89 mmboe, 18% above the prior year and at the top end of upgraded guidance provided in December
2021, January, 21, 13:50:00
TC ENERGY DISAPOINTED
TC Energy Corporation announced it is disappointed with the expected action to revoke the existing Presidential Permit for the Keystone XL pipeline.
2021, January, 20, 14:50:00
OIL PRICE: ABOVE $56 ANEW
Brent was up 42 cents, or 0.8%, to $56.32. WTI climbed 51 cents, or 1%, to $53.49.