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Company man says 'we can work it out' as Statoil cuts back

Eldar Saetre became CEO of Norway's Statoil a few months after the oil price began its decline. Since then, he has reduced spending by almost 50 percent from a peak USD 20 billion in 2014.

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Gas giant fined for market manipulation

Vitol is being fined for having purchased gas at artificially low prices on the French wholesale market. Danish Utility Regulator Director General Carsten Smidt says the case is big and important, but the company denies blame.

LM will help Goldwind enter global market

The turbine blade manufacturer has received its largest contract to date with China's biggest wind turbine producer and will supply blades for installations in China as well as internationally.

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