BLOOMBERG - The world's biggest sovereign wealth fund was recently accused by a number of high-profile economists of having misled people in an effort to persuade skeptics it should be allowed to exit oil and gas stocks.
The attack -- one prominent critic referred to parts of a presentation made by the fund's chief executive officer, Yngve Slyngstad, as "propaganda" -- has added friction to one of the most momentous proposals the $1 trillion investor has ever put forward. About $40 billion in shares of companies including ExxonMobil Corp. and…
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BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.
ConocoPhillips's gas-focused North Sea assets pumped 72,000 b/d of oil equivalent last year, and the acquisition will help boost Chrysaor's total production this year to over 185,000 boe/d, Chrysaor said in a statement.
Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation.
To further explore opportunities for bilateral energy expansion, Turkish Energy and Natural Resources Minister Fatih Dönmez and German Federal Minister for Economic Affairs and Energy Peter Altmaier met in Ankara for the second Turkish-German Energy Forum in October last year to sign a letter of intent to enhance the Turkish-German energy partnership.