Fuel and energy

Profit margins have taken over from cost cutting as the main focus for Australia's coal industry, as rising prices drive a shift from productivity improvements to longer term mine planning and asset renewal.

Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

The share of coal in the power mix will fall to 36% by 2022, the lowest since IEA began compiling statistics

The transaction nearly triples Statoil's production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil's expertise in improved oil recovery (IOR).

Two-day meeting examined ways to improve data quality and collection

ROSATOM and King Abdullah City for Atomic and Renewable Energy (K.A.CARE) signed the roadmap for the implementation of the Program for the Cooperation on Peaceful Use of Atomic Energy.

On 12 December 2017 the extraordinary shareholders meeting of PJSC Tatneft held by proxy voting resolved to pay the dividends based on the results for the 9 months of 2017 in the amount of 27.78 Rubles per each preferred and ordinary share

GE Renewable Energy and GE Power recently announced agreements to provide 270 MW of wind energy capacity to Wind Energy Holding (a member of Thailand's KPN Group) for the Theparak Wind Farm in Central Thailand. 

Illumination from nanobionic plants might one day replace some electrical lighting.