Russia and Ukraine reach agreement on gas transit to Europe
Russia and Ukraine have agreed to continue sending gas through Ukraine to Europe for five years.
Europe
North Sea copter firm finds way round potential no-deal Brexit pickle
Belgian helicopter operator NHV has secured key documentation to help ensure Brexit does not disrupt its North Sea operations, the firm said today.
Energy generators to get £1bn windfall as power subsidy set to restart
British electricity generators can expect a £1 billion windfall after a European Commission decision that could restart a controversial subsidy scheme which was accused of favouring fossil fuels.
Solo plans European reorientation
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Exxon’s loss in European court could boost carbon market
ExxonMobil’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system.
Europe invests £23.3bn in new windfarms in 2018
Europe invested £23.3bn in new windfarms last year, according to a new report.
Renewables switch could see Europe ‘climate neutral’ by 2050
Europe is aiming to become the world's first major "climate neutral" economy by 2050, the European Commission has announced.
No Brexit for energy as UK set to draw more power from EU
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As Trump riles Europe on trade, Putin offers more natural gas
As Donald Trump’s trade policy risks worsening economic conflict with the European Union, Russia’s Vladimir Putin is strengthening ties with the region.
Russia tightens grip on Europe’s gas supply with Gazprom deal
Russia’s natural gas export monopoly is set to expand its position as the dominant fuel supplier to Europe after a deal between the two resolved a seven-year-old anti-trust dispute.
Gas exports to Europe from Russia, Norway at record levels in 2017, Rystad says
Gas exports to Europe from Russia and Norway reached record levels last year, a new report said today.
Brexit not the priority for European Union countries, admits Philip Hammond
Brexit is not a dominant issue for European Union countries, Philip Hammond acknowledged as he called for jobs and prosperity to be the first priority in the negotiations.
No new coal power plants for Europe post 2020
The European power sector will not invest in any new coal plants after 2020, it has announced, striking another blow for the struggling fossil fuel.
Solar firm expands after securing pan-European renewables
A Moray solar panel energy company is planning to double its workforce and expand its production facility.
Pan European group get EC backing for R&D into tidal turbine tech
A European tidal energy consortium has secured funding for the research and development of a potentially cost-cutting technology for tidal turbines.
Europe’s oil capital gets hydrogen filling station
Europe's oil capital has opened its second multimillion-pound hydrogen filling station along with the launch of a fleet of 10 green cars.
Europe savors taste of Brazilian oil with more blocks opening
Norway’s Statoil ASA, the U.K.’s Royal Dutch Shell Plc and France’s Total SA have paid billions since 2013 to gain access to Brazil’s fertile offshore oil riches. They’re now seen as having the best chance to expand when Brazil later this year auctions four more blocks in the prolific play known as the pre-salt along the country’s east coast.
Wind boost for EU grid amid claims of a lack of long-term renewables support
Renewables accounted for almost 90 per cent of new power added to Europe's electricity grids last year - but industry experts claim that green schemes are facing a lack of long term support.
How Theresa May’s Brexit speech was reported in Europe
European newspapers have responded to Theresa May’s speech setting out her priorities as she negotiates the UK’s exit from the European Union (EU) with a series of striking front pages.
Gazprom admits US could challenge European supply dominance
Russian energy major Gazprom has admitted that imports of LNG from the US could threaten its European dominance, a news report said.
Norway government crisis averted as budget deal is secured
Norway’s minority government reached a budget deal with its two support parties, bringing an end to a political crisis that risked culminating in a confidence vote at a debate in parliament on Monday.
Opinion: UK moves to exploit EU shock tax system won’t help Brexit
When the European Commission last month demanded Apple pay up to 13 billion euros in back taxes to the Irish government, it gave the Brexit-battered UK government an opening. Number 10 and the Treasury were quick to stress Britain was “open for business” and they welcomed “any company wishing to invest in Britain and Britain’s workforce.”
BASF’s Wintershall studies access to Europe’s biggest gas link
BASF SE’s Wintershall unit is studying how it can participate in a project to expand a link from Russia to Germany into the European Union’s biggest gas import point.
Gazprom to auction gas into Europe where buyers have the edge
Russia’s Gazprom PJSC will start a round of natural gas auctions for utilities and traders in Europe on Wednesday, a further sign the world’s biggest exporter of the fuel is becoming more market orientated.
ONS 2016: WoodMac says $50bn wiped from capital investment in Norway
An estimated $50billion has been removed from a forecast of capital investment in Norway over the next four years.