Leaders Aim to Put a Price on Half of All Global Carbon Emissions

by Timothy Reeder | Apr 28, 2016 | News

Ten leaders, including Chancellor of the Federal Republic of Germany Angela Merkel, Mexican President Enrique Peña Nieto, and World Bank Group President Jim Yong Kim, have laid out goals in a joint vision statement to expand carbon pricing to cover 25 percent of...

Statoil releases 1st quarter results

by Timothy Reeder | Apr 27, 2016 | News

“Our financial results were affected by low oil and gas prices in the quarter. We delivered strong operational performance across all business areas, high production efficiency and results in line with expectations from liquids trading and refining. The guidance...

BP announces first quarter results

by Timothy Reeder | Apr 27, 2016 | News

BP recently reported its results for the first quarter of 2016. Underlying replacement cost profit1 for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion for the first quarter of 2015. Compared with the previous...

E.ON to build Arkona offshore wind farm in partnership with Norwegian energy company Statoil

by Timothy Reeder | Apr 25, 2016 | News

E.ON is to build another offshore wind farm in German waters. The company announced today that it has decided to move forward with the Arkona project in the Baltic Sea. The wind farm is expected to be fully operational in 2019. Norwegian energy company Statoil will...

ExxonMobil Starts Production at Point Thomson

by Timothy Reeder | Apr 25, 2016 | News

ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope. Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic...