Sweden on track to produce all energy from renewables by 2040
Sweden is on track to be producing all its energy from renewable sources by 2040.
Sweden
Lundin production boost offset by foreign exchange losses
Lundin Petroleum has posted a loss in its second quarter 2016 revenues caused by foreign exchange losses.
SSAB expands Climeon solution to help boost fossil free target
SSAB said it has decided to expand its Climeon Ocean solution on one of it sites as it looks to push toward's Sweden's goal of a fossil free Swedish steel industry by 2045.
Amec Foster Wheeler wins Preem refinery contract in Sweden
Amec Foster Wheeler has been awarded the engineering, procurement and construction contract by Sweden's Preem for a new vacuum distillation unit (VDU) at its Lysekil refinery.
PA Resources to sell oil and gas assets, CFO to depart
PA Resources said it will sell off all of its oil and gas assets as the company’s chief financial officer also revealed he will be leaving the firm. The Swedish Independent said a review of the company’s strategic options had been up for review since April this year. PA Resources said it had found no viable alternatives with regard to long-term financing or mergers and acquisitions.
Lundin spuds North Sea well
Swedish oil and gas explorer Lundin Petroleum has begun drilling of well 25/10-12S in the Kopervik Prospect. The well will investigate the hydrocarbon potential of the Kopervik Prospect in PL25, which is located 175km west of Haugesund on the Norwegian coast.