New Europe

EU approves aid for closure of 3 coal mines

The European Commission has authorised 1169 million Romanian lei (approximately €270 million) of public funding for the closure of three uncompetitive coal mining units owned by National Hard Coal Company JSC Petrosani (CNH SA).

Statoil production milestone in Canada

Norway's energy producer Statoil announces that its Leismer Demonstration Project (LDP) in northern Alberta, Canada, has achieved a production milestone of one million accumulated barrels of oil, Norway Post reported.