Shell sells off downstream business in Norway

Shell has signed an agreement to sell off some of its assets in Norway to Finnish company ST1. ST1 will take over Shell’s retail and commercial fuels along with its supply and distribution business. The sale is expected to be completed next year, subject to approval, with agreement for the Norwegian company to operate under […]

Finland goes large on geothermal

Finland is set to build its first industrial size geothermal plant in 2016 to heat its second largest city. It will crank out up to 40 megawatts of geothermal heat for the southern city of Espoo, which neighbours Helsinki 20 kilometres to the west. Finnish energy companies Fortum and St1 reckon it can supply up to 10% of the heating requirements for Espoo’s district heat network. Geothermal […]