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Ceasefire measures agreed in Yemen, UN says

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New ceasefire measures have been agreed between the Iran-backed rebels and the Saudi-backed government in Yemen, the UN has said. Both sides are said to be keen to reduce hostilities following talks on Sunday and Monday, with millions having been left on the brink of famine as a result of the four-year war. The discussions Read More

EU to cut flow of funds to Turkey as drilling spat heats up

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By Nikos Chrysoloras on 7/14/2019 BRUSSELS (Bloomberg) — The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean. EU diplomats have agreed on the Read More

Hope Stalin doesn’t hear it! Last German emperor’s heirs demand Potsdam Conference palace for living

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In a bizarre property dispute, the heirs of the last German emperor are said to have claimed ownership over the palace where Stalin, Truman, and Churchill once decided the fate of the world back in 1945. Georg Friedrich, the great-great grandson of the last German Kaiser, Wilhelm II, still carries the title of prince of Read More

Eolus signs agreement with Aquila Capital for the sale of the 400 MW Norwegian wind farm Oyfjellet

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Hässleholm, Sweden, July 12, 2019 Eolus has signed a share purchase agreement with Aquila Capital regarding the sale of wind farm Oyfjellet in Norway. The wind farm has a planned capacity of 400 MW. The preliminary purchase price amounts to EUR 30 million. The transaction covers the sale of 100% of the shares of the Read More

Fiat bets on electric ‘500’ as it moves on from Renault

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FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook TURIN, Italy (Reuters) – Fiat Chrysler (FCHA.MI) plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as Read More

Cenovus achieves landmark business milestone

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CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on July 10, 2019 the company reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce one billion barrels of Read More

Mexico’s moratorium on oil auctions gives rival Brazil an edge

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By Peter Millard and Amy Stillman on 7/9/2019 RIO DE JANIERO and MEXICO CITY (Bloomberg) — Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. Mexico President Andres Manuel Lopez Obrador has halted new bid rounds, and state-owned Petroleos Mexicanos has disappointed Read More

Mexico moratorium on oil auctions giving rival Brazil an edge

6 days ago DieselGasoil Comments Off on Mexico moratorium on oil auctions giving rival Brazil an edge
By Peter Millard and Amy Stillman on 7/9/2019 RIO DE JANIERO and MEXICO CITY (Bloomberg) — Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. Mexico President Andres Manuel Lopez Obrador has halted new bid rounds, and state-owned Petroleos Mexicanos has disappointed Read More

Sarasin cuts Shell stake, criticizing its climate strategy

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LONDON (Reuters) – London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil and gas company’s spending plans are out of synch with international targets to battle climate change. A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. Read More

Trump touts environment record, green groups scoff

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WASHINGTON (Reuters) – U.S. President Donald Trump boasted about his administration’s environmental record on Monday, saying America can lead the world in fighting pollution at the same time it is promoting fossil fuels, in a speech green groups derided as “utter fantasy.” U.S. President Donald Trump speaks about his administration’s environmental policy in the East Read More