Norway’s $1.3 trillion wealth fund just made its first investment in clean energy infrastructure, more than a year after it was given the go-ahead to move into the asset class.
Apollo Global Management is leading a group of investors aiming to buy a roughly $10 billion (£7.2bn) stake in Saudi Aramco’s oil pipelines, people familiar with the matter said.
Dozens of workers at a crucial oil processing hub in Shetland will be asked whether they back industrial action as part of an ongoing dispute with the local authority.
Oil fell after OPEC+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer.
In this week’s episode, in collaboration with OGUK, Energy Voice’s three April fools, Ed, Hamish and Mark, put the jokes to one side for half an hour and take a stroll through the last week’s top tales.
OPEC+ agreed to increase oil production gradually from May to July, responding to both internal and external pressure to supply more crude to the recovering global economy.
Oil pared an earlier increase in New York ahead of a high-stakes OPEC+ policy meeting, with producers debating whether to extend deep supply curbs or ease them.
There is pressure on the UK Government to share plans for overhauling the electric grid to remove “unnecessary barriers” to renewable developments in Scotland.