The equation targeted by the plan is as follows: 44 per cent clean energy, 38 per cent gas, 12 per cent clean coal and 6 per cent nuclear.
Spain’s oil giant Repsol said recently that it swung back to profit in the third quarter as the company reduced costs to adapt to a slump in oil prices which has hit production revenues. The company posted a net profit of €481 million ($$535 million) in the July-September period, compared to a net loss of […]
After more than a year in the doldrums because of a slowing global economy, could the price of oil finally be on the rise? Bets for a gradual lift in global oil prices are growing after the Organisation of Petroleum Exporting Countries (OPEC) minsters’ meeting in Vienna was seen to have made progress in a […]
Iran signed a deal with France’s Total on Tuesday to develop a major offshore gas field, its first bid contract with a Western energy firm since the lifting of sanctions. Total will lead a consortium also including China National Petroleum Corporation and Iran’s Petropars to develop Phase 11 of the South Pars field — a […]