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Search Results for Oil
Renewable energy’s next frontier: heat
While energy use is commonly associated with lighting or transportation, more than half of the world’s energy consumption serves a simple function: heating things. This ranges from heating homes and buildings, to firing up industrial production, or even cooking. And…
Five West African Countries Ban ‘Dirty Diesel’ From Europe
Five west African countries have announced measures to end the practice of European oil companies and traders exporting “African quality” diesel – highly polluting fuels that could never be sold in Europe. Swiss commodity traders were accused in a report…
Shell to Link Executive Bonuses to Greenhouse Gas Emissions
Shell, Europe’s largest oil company, has unveiled plans to link a slice of executive bonuses to its performance in curbing greenhouse gas emissions in response to shareholder pressure for it to better prepare for the low-carbon transition. Shell’s chief executive…
Glavgosekspertiza Approves Construction of a Process Condensate Purification Facility at the Gazprom Neft Omsk Refinery
A project for the construction of a process condensate purification facility at the Gazprom Neft Omsk Refinery has been approved by federal agency Glavgosekspertiza Russia. This project is part of a wide-ranging environmental programme at the Omsk Refinery, involving the…
Sun Setting on Japan’s Solar Energy Boom
The sun is setting on Japan’s clean-energy boom, despite projects like a massive floating solar farm near Tokyo, as the government cuts subsidies and bets on nuclear and coal-fired power, critics say. Workers at the floating power station, one of…
OMV Group Report January – September and Q3 2016
“OMV continues to deliver on its strategic targets. We further optimized our portfolio by selling a 49% stake in Gas Connect Austria, the gas transportation business. This will bring us sales proceeds of EUR 601 mn at closing in Q4…
Japan Fukushima Nuclear Plant ‘Clean-Up Costs Double’
Japan’s government estimates the cost of cleaning up radioactive contamination and compensating victims of the 2011 Fukushima nuclear disaster has more than doubled, reports say. The latest estimate from the trade ministry put the expected cost at some 20 trillion…