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Natural Gas
EU Executive Proposes Gas Price Cap at 275 Euros/MWh
The European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exc…
Oil Refinery
BP Says Rotterdam Refinery Remains Shut In Dispute Over Pay
BP said on Tuesday the planned restart of its large refinery in Rotterdam was on hold after unions said they would not help with the return to service due to a …
Crude Oil
Colombia Reportedly Reconsidering Its Idea to Halt on New Oil and Gas Projects
Colombia could reconsider a campaign pledge from its newly-elected leftist President Gustavo Petro to stop new oil and gas exploration licensing in the country,…
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'…
EU
EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’
The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' a…
Crude Oil
Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA
Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …
Net Zero Emission
Alliance Launches to Accelerate Green Infrastructure Finance in Africa
The African Union, the African Development Bank and Africa50 together with several global partners launched a multi-billion alliance for green infrastructure. …
Nuclear Reactor
EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity
The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.
Natural Gas
Persistent EU Rifts Seen Delaying Any Approval of Gas Price Cap
Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch.
Oil & Gas Supply
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…
LNG
EU Risks 30 Bcm Gas Shortage in 2023 Storage Filling Season - Von Der Leyen
The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023.
Carbon Emissions
U.S. and EU to Crack down on Fossil Fuel Sector’s Methane Emissions
The United States and the European Union will unveil an agreement targeting methane emissions within the fossil fuel industry.
UN Chief: ‘the Answer Is in Our Hands’
During his speech at COP27, António Guterres said that “we are losing the fight of our lives” against climate change.
Carbon Emissions
EU Gas Emissions End Post-COVID Rise on Cleaner Supply, Energy-Saving-Study
Gas emissions from the European Union's energy sector have ended more than a year of post-pandemic rises thanks to cleaner power supplies and energy-saving effo…
Natural Gas
Azerbaijan Needs Investment in Order to Boost European Gas Flows
Azerbaijan will need investment and long-term purchase commitments if it is to double its natural gas supply to the European Union.
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