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Oil Refinery
Strike at BP’s Largest European Refinery Could Deepen Diesel Crisis
Refinery workers at BP’s biggest refinery in Europe are on a partial strike over demands for higher wages and will not cooperate in efforts to restart the Rott…
EU
R2D2 Project to Improve the Reliability, Resilience and Defence of Europe’s Grid
The R2D2 (Reliability, Resilience and Defence technology for the griD) project has been launched to address the growing number of threats and vulnerabilities th…
Energy Storage System
UK Unveils Europe’s Largest Energy Storage System
Europe’s largest battery energy storage system by megawatts per hour will be officially online from today, marking a new era in power diversification in the UK…
LNG
Floating LNG Projects Boom as Europe Races to Stock up on Gas
Floating LNG projects are booming in both gas-importing countries and gas-producing countries.
E.ON’s Leonhard Birnbaum Takes the Reigns at Eurelectric
Leonhard Birnbaum, CEO and chairman of the Board Management of E.ON, has been appointed acting president of Eurelectric, federation of the European electricity …
Electric Car
Honda Plugs Into German VPP for Grid Stability Proof of Concept
In what the motor giant is calling a huge breakthrough for Vehicle to Grid (V2G) technology, Honda has become the first automaker in Europe to gain Frequency Co…
Crude Oil
Europe Rushes to Fill Up on Russian Diesel Before Ban Begins
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
LNG
Germany’s LNG Terminals to Cost More Than Double Earlier Estimate
The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will …
France
France Spends 8.4 Billion Euros to Help Companies With Energy Bills
France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas price…
Italy
New Italian Government’s Budget to Boost Spending to Fight Energy Crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…
Electric Car
GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25
General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…
Israel
Israel’s Econergy Secures 250 Mln Eur Financing for Renewable Projects
Israel's Econergy Renewable Energy has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investmen…
Crude Oil
EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials
The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…
Crude Oil
European Refiners Oversupplied as Oil Shortage Fears Subside
European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.
EIB-Backed Fund Closed: €220m for Energy Efficiency BTM Projects
SSEF, an EU-focused fund backed by the EIB and advised by Solas Capital AG, has reached final close with investment commitments of €220 million ($228.4 million…
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