OPEC reaches deal to cut oil production

OPEC members have announced an agreement for a production cut which will be effective from January next year. In a meeting in Vienna, members agreed some of the details of the deal, which sets a production target of 32.5 million barrels per day (mb/d) “to accelerate the ongoing drawdown of the stock overhang and bring the oil […]

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Indonesia gets nod to rejoin oil group

Indonesia has been notified it can rejoin the Organisation of the Petroleum Exporting Countries (OPEC). The nation had been part of the group for 47 years until it suspended its membership in January 2009 after becoming a net importer of oil. OPEC said it has invited the country’s Energy Minister Sudirman Said to its meeting […]

Women in nuclear fight for industry gender balance

Women from across the nuclear industry met at a global event to fight for gender balance in the sector this week. They took part in the 23rd Women in Nuclear (WiN) Global Annual Conference in Austria. Women in Nuclear aims to address the industry’s gender balance, improve the representation of women in leadership and to engage with the public […]

Viennese firm gets €270m for efficiency upgrade

The European Investment Bank (EIB) has provided the second installment of a €270 million (£227m) funding to a Viennese firm for energy efficiency measures. The cash will help Wiener Wohnen – an apartment management company believed to be the largest in Europe – improve the thermal energy efficiency of municipal housing. Initial funding under the […]

OPEC caps oil output 30m barrel a day

OPEC today decided to leave its output at the current level of 30 million barrels a day for the first half of 2012. This is set to include Libyan and Iraqi oil supplies. At its 160th Conference in Vienna, Austria, the oil group agreed the ceiling will apply until June. Dr Hasan M Qabazard, OPEC’s […]