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Giant oil discovery in Bahrain could remain buried

Middle Eastern state Bahrain has made one of the biggest oil discoveries in years. But the field containing 81.5 billion barrels of oil cannot be utilized with today's technology and the question is whether or not the oil will ever be extracted.

Photo: Royal Dutch Shell PR

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Statoil books best quarter in four years

The stable and recently rising oil price has spelled good news for Norwegian giant Statoil, which emerged from the first quarter with strong revenue. (Article updated)

Ørsted takes over British battery project

The Danish utility wants to join the club of battery owners in the UK and will now follow in the footsteps of firms such as Centrica, EDF and E.on, as the firm plans to have a 20 MW project near Liverpool.

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