Exxon sues EU over windfall tax measures: report
ExxonMobil is reportedly suing the European Union over its newly instilled windfall tax on oil and gas producers, arguing that the bloc has overstepped its authority in enacting the measure.
european commission
EU sets gas-price cap at €180 in emergency bid to crisis
European nations reached a deal to cap natural gas prices at €180, ending months of political wrangling over whether to intervene in an energy crisis that has risked pushing the region into a recession.
North Sea players plan ‘Hydrogen Highway’ from Scotland to Rotterdam
A consortium of North Sea companies have launched a new initiative to create a “Hydrogen Highway” from Scotland to Rotterdam.
EU seeks to break deadlock over capping natural gas prices
European Union nations will make a fresh attempt at reaching a deal on a controversial proposal to cap high natural gas prices as the region battles a blast of winter freeze.
Namibia tees up more hydrogen MoUs, but one deal slips
Namibia has been unable to close its deal with Hyphen Hydrogen by the launch of the COP27, in Egypt, but there have been other successes in the field.
Amid European gas talk, ICE sets out new LNG futures
Intercontinental Exchange (ICE) has launched two new LNG futures: North-West Europe and South-West Europe, as the continent struggles to make sense of tumultuous gas pricing.
Russian attacks target Ukraine power plants
Russian attacks on Ukraine have destroyed 30% of Ukraine’s grid, President Volodymyr Zelensky has said.
EU proposes mandatory power-demand cut and tax on profits
The European Union is set to propose a mandatory target to cut power use -- a step toward rationing -- along with measures to funnel energy company profits to struggling consumers as it tries to stem the crisis.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Big finance and activists slam ‘disappointing’ EU gas vote
Europe has botched an historic opportunity to create a global benchmark for sustainable investing after agreeing to treat gas as a green asset, according to bankers, investors, climate activists and their lawyers.
Putin’s war throws crucial EU vote on ‘green’ gas into doubt
European lawmakers are under pressure from Ukraine to block plans to treat gas as a green asset, plunging into serious doubt an EU Parliament vote that not long ago seemed set to endorse the proposal.
EU targets clean power, LNG in plan to cut Russia dependence
The European Union unveiled a raft of measures ranging from boosting renewables and LNG imports to lowering energy demand in its quest to cut dependence on Russian supplies.
Euro Area would barely grow if Russian gas cut off, EU Says
The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.
US commits to additional LNG supplies for Europe
The US and its partners will send an additional 15 billion cubic metres of LNG to Europe this year, US President Joe Biden has said.
EU to slash Russian gas consumption in energy security move
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
European Commission backs gas, nuclear for energy transition
The European Commission has confirmed that some gas and nuclear resources will be acceptable in the energy transition.
German LNG Terminal moves forward
German LNG Terminal will apply for permission to build an LNG terminal at the Brunsbüttel site by June 30.
Sweden says EU plan to hit world’s busiest green debt market
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
Europe seeks $940bn boost for giant offshore wind farms
The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic.
EU green deal forces businesses to gamble on the price of polluting
During the past four years, Vittorio Borelli spent about 50 million euros ($58 million) buying equipment for his company’s ceramic-making facility in northern Italy. New gas-fired kilns slashed the time necessary to heat porcelain at more than 1,000 degrees Celsius, saving energy and reducing carbon emissions.
North-east’s oil and gas dependence can solve net zero ‘conundrum’ – consultant
Damning figures showing the north-east’s dependence on oil and gas could actually be the answer to the net zero “conundrum”, according to a top energy consultant.
Leaked Scottish Government report shows energy job concerns post-Brexit
A leaked Scottish Government report has outlined deep concerns over the impact to energy sector jobs post-Brexit.
Moldova could soon be tapping into Romania’s national grid
European funding could allow the Republic of Moldova is to be connected to neighbouring Romania’s power grid in a bid to diversify its electricity supply.
Emec to showcase pioneering work for European officials
The European Marine Energy Centre (Emec) will showcase the pioneering work taking place in Orkney for European officials later this month.
Incinerator could become £180million white elephant, warn European lawmakers
The European Union has warned that new rules could turn a planned £180million incinerator in the north-east into a white elephant.