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.
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 nations reached a deal to cap natural gas prices at โฌ180, ending months of political wrangling over whether to intervene in an energy crisis that has risked pushing the region into a recession.
A consortium of North Sea companies have launched a new initiative to create a โHydrogen Highwayโ from Scotland to Rotterdam.
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 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.
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 on Ukraine have destroyed 30% of Ukraineโs grid, President Volodymyr Zelensky has said.
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.
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.
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.
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.
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.
The euro areaโs 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.
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.
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.
The European Commission has confirmed that some gas and nuclear resources will be acceptable in the energy transition.
German LNG Terminal will apply for permission to build an LNG terminal at the Brunsbรผttel site by June 30.
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic.
During the past four years, Vittorio Borelli spent about 50 million euros ($58 million) buying equipment for his companyโs 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.
Damning figures showing the north-eastโs dependence on oil and gas could actually be the answer to the net zero โconundrumโ, according to a top energy consultant.
A leaked Scottish Government report has outlined deep concerns over the impact to energy sector jobs post-Brexit.
European funding could allow the Republic of Moldova is to be connected to neighbouring Romaniaโs power grid in a bid to diversify its electricity supply.
The European Marine Energy Centre (Emec) will showcase the pioneering work taking place in Orkney for European officials later this month.
The European Union has warned that new rules could turn a planned ยฃ180million incinerator in the north-east into a white elephant.