Wind power package for Europe to be presented in October
The European Union is planning to unveil measures to help its ailing wind sector next month, after supply-chain bottlenecks and higher financing costs have put a brake on projects.
European Union
Europe is set for a record solar summer and is wasting it
The European Union should take steps to stop the waste of solar energy and limit negative pricing in order to encourage investment, according to renewable energy groups.
Questions raised before Europe reforms kick in by end of year
The most significant legislative development for employers in the Oil & Gas sector this year is the Retained EU Law (Revocation and Reform) Bill (the “Bill”).
Europe aims high for hydrogen imports
“We also expect production of hydrogen in the USA on account of the Inflation Reduction Act [IRA], and this surely supports the plausibility of the hydrogen import target – as long as US and EU can make concessions to each other,” the Topsoe executive said.
EU and Norway to Form ‘Green Alliance’ on Carbon Capture and Hydrogen
The European Union and Norway will form a “Green Alliance” to bolster cooperation in clean industries like carbon capture and storage and hydrogen as they look to strengthen the region’s potential as an energy technology hub.
Greenpeace Suing EU Over ‘Fake’ Green Label for Gas and Nuclear
Greenpeace said it’s suing the European Union’s executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules.
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.
Russia to defend revenues in face of price cap
With just days remaining until the European Union imposes a price cap on Russian oil, much uncertainty remains.
Russian supplies to fall 2mn bpd under sanctions
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
EU leaders avoid deep rift on gas price cap at energy summit
European Union leaders are struggling to find immediate practical solutions on how to deal with the energy crisis while avoiding an open rift between Germany and France.
Uganda accuses EU of “economic racism” on oil opposition
Ugandan parliamentarians have snapped back at a resolution condemning the country’s oil plans from the European Parliament.
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Hydrogen: The future of European energy or ‘the most dumb thing’
Over the past few months, Europe has radically accelerated its energy ambitions, placing hydrogen at the centre.
EU faces legal challenge over gas import plans
The European Union is facing legal challenges to its plan to support gas import projects, with accusations that this breaks climate and energy laws.
OPEC+ sticks to small supply hike as EU eyes Russia oil ban
OPEC and its allies once again ratified a small monthly increase in production, even as global markets look set to tighten because the European Union is considering banning supplies from Russia.
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.
Could the energy security crisis boost the path to renewables?
Sky-high oil prices and extreme volatility have exposed the fragility of the world’s dependence on fossil fuels.
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.
Europe seeks green label for certain gas and nuclear projects
The European Union is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens.
Eskom welcomes foreign transition funding
An international partnership will provide $8.5 billion over the next three to five years to support South Africa’s move to a low-carbon economy.
Gas prices could soar further if Europe is hit by a cold snap, warn experts
Record high gas prices could be a permanent fixture in the coming months until supply is able to catch up with global demand, experts have warned.
G20 signals support for carbon pricing
The G20 has signalled an increased interest in accepting carbon pricing to tackle climate change.
Osinbajo calls for gas funding as part of transition
Stopping financing gas would derail developing countries’ plans for cleaner energy, Nigerian Vice President Yemi Osinbajo has said.
Qatar, EU oversee Israeli gas deal with Gaza
Israel will sell gas to the Gaza Strip, under a deal involving the European Union and Qatar.