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Statoil has pushed down costs by two thirds

The oil major managed to push costs way down, and its break-even price is now just USD 20 per barrel compared to USD 70 per barrel in 2013, reports Norwegian media Sysla.

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EU Parliament increases green targets for Europe

The stage is set for a showdown with the member nations, particularly when it comes to the renewable energy directive, after the EU Parliament has today voted for a 35 percent target in 2030 and an equivalent target for energy efficiency.

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