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Statoil disappoints with Barents Sea drilling

Statoil has finished this year's exploration in the Barents Sea with further disappointment. Only one of the total five exploration wells contained an oil discovery worth mentioning.

Photo: Harald Pettersen - Statoil

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German wind prices rise by one fifth

After dramatic price declines and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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