Russia last month pumped below its OPEC+ oil-output target for the first time since the historic curbs began last May, failing to take full advantage of a more generous quota. The Continue Reading
Germany announced Sunday that travelers from France’s northeastern Moselle region will face additional restrictions because of the high rate of variant coronavirus cases there. Germany’s disease control agency, the Robert Continue Reading
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Higher demand from China, the United States and Europe drove growth in German factory activity to its highest level in more than three years in February, brightening the outlook for Continue Reading
Extreme winter weather in Russia, at least more extreme than usual for Siberia, resulted in lower Russian oil production so far in February compared to January and lower than the Continue Reading
The developer of the almost-complete Nord Stream 2 gas pipeline from Russia to Germany said Feb. 26 that it had the financing in place to complete the pipeline, shrugging off Continue Reading
Germany’s energy ministry has received around 200 hydrogen project proposals seeking funding under the Important Projects of Common European Interest (IPCEI) program, it said Feb. 25. The IPCEI call was Continue Reading
E10 gasoline blends (10% ethanol) will be introduced at gasoline stations across the UK in September 2021. Its introduction on UK roads could cut transport carbon dioxide emissions by 750,000 Continue Reading
France’s nuclear safety authority agreed Thursday to extend the operational lifetime of the country’s 32 oldest nuclear reactors by a decade to as much as 50 years. The public electricity Continue Reading
EU leaders vented frustration over sluggish deliveries of coronavirus vaccines and manufacturing delays as anxiety rises over the rapid spread of new variants. The bloc’s presidents and premiers expressed their fears Continue Reading
France’s national hydrogen council has presented initial plans for 3.2 GW of large-scale electrolysis capacity to key ministers, the council said Feb. 25. The projects, which require some Eur8 billion Continue Reading
New variants of COVID-19 risk a third wave of infections in Germany and the country must proceed with great care so that a new nationwide shutdown does not become necessary, Continue Reading
ExxonMobil will sell most of its non-operated assets in the UK’s central and northern North Sea to private equity fund HitecVision for more than $1 billion, the U.S. supermajor said Continue Reading
First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek – from its much-awaited fourth train at the Yamal LNG project, according to Continue Reading
The Biden administration is planning a broad package of measures, including sanctions, to punish Russia over the sprawling SolarWinds espionage campaign that struck at the heart of the US government. US officials Continue Reading
European manufacturers are passing higher input costs on to their customers, sending eurozone inflation to its highest level for almost a year as shortages of materials and soaring shipping costs Continue Reading
The UK government reassured people on Tuesday they will not face major restrictions if they refuse to have a coronavirus jab with officials considering a recent Covid-19 test result as Continue Reading
When Boris Johnson unveiled his 10-point green recovery plan in November, U.K. newspapers were surprisingly acquiescent. The British press has a reputation for being more politically partisan than in many Continue Reading
Highlights Pipelaying work for 55 Bcm/year line continues Uncertain timeline for completing Nord Stream 2 Signs of detente between Washington, Berlin London — The US remains on standby to impose Continue Reading
The Biden administration is reviewing U.S. policy toward a pipeline designed to carry Russian natural gas to Germany beneath the Baltic Sea, under new pressure after construction on the $11 Continue Reading
Heating U.K. homes with just hydrogen could be mainstream in a few decades as the government expect technology costs to plunge just like they have for wind energy. To accelerate the Continue Reading
Brussels is set to announce plans to plough millions of euros into research on new coronavirus variants as it seeks to step up its response to the rapidly evolving pandemic. Ursula Continue Reading
The global oil market is balanced and the current price of oil fully reflects this market situation, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian television Continue Reading
Passenger-car sales in Europe’s five biggest markets tumbled by more than a quarter last month after lockdowns to combat the pandemic shuttered dealerships and consumers shied away from large purchases. Registrations Continue Reading
Britain’s newly established quarantine hotels received their first guests on Monday as the government tries to prevent new coronavirus variants from derailing a fast-moving vaccination drive that has delivered more Continue Reading
Russia’s Gazprom saw its total gas sales dip by 8.1% in 2020 as the coronavirus pandemic hit demand — particularly in the second quarter — but strong growth in Q4 Continue Reading
A supertanker is loading up with diesel-type fuel at a key European import hub for the petroleum product, a telling indicator of the region’s supply glut. The Silverstone, a so-called very Continue Reading
The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The Continue Reading
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss in the third quarter. Continue Reading
Russia’s gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Stream 2 this year, Russian news agency TASS reported on Thursday, quoting a presentation of a Gazprom Continue Reading
The European Union has pledged to block or limit funds from the region’s Eur672.5 billion ($814 billion) COVID-19 recovery package going to fund upgrade programs for fossil-fuel-powered vehicles and power Continue Reading
Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of Continue Reading
Britain’s coronavirus-ravaged economy slumped by 9.9% in 2020, the biggest annual crash in output in more than 300 years, but it avoided heading back towards recession at the end of Continue Reading
While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in Continue Reading
Germany’s gas storage levels are lower than typical for the beginning of February in full winter season, and the main reason for this is reduced natural gas pipeline flows from Continue Reading
French supermajor Total reported a net loss of $7.2 billion for 2020, down from a profit of $11.27 billion for 2019, and said it will change its name to reflect Continue Reading
A German environmentalist group said Feb. 9 the government should say whether its reported offer to the previous US administration to increase state support for LNG import infrastructure in return Continue Reading
Construction of a coal mine that threatened U.K. Prime Minister Boris Johnson’s claim to be a world leader in the fight against climate change is under review after growing opposition. The Continue Reading
German Chancellor Angela Merkel and the country’s 16 state governors are to decide Wednesday whether to extend a lockdown beyond mid-February, as overall infection numbers are declining but concern is Continue Reading
French economic activity is running at 5% below pre-crisis levels as the government holds off from imposing a full Covid-19 lockdown beyond the current curfew and closures in some sectors, the Bank of Continue Reading
British Airways is partnering with LanzaJet for sustainable aviation fuel as part of the carrier’s plans to decarbonize by 2050, amid rising pressure on the aviation industry to cut emissions. The Continue Reading
The extreme weather has led to major travel disruption, as here in Haarle in the Netherlands The Netherlands has been hit by its first major snowstorm in a decade, forecasters Continue Reading
The European Commission has approved , under EU State aid rules, a second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain. Continue Reading
France reported a fall in new COVID-19 infections on Sunday for the fourth successive day. Health ministry data showed there had been 19,175 new confirmed COVID-19 infections in the past Continue Reading
Industrial production in Germany, Europe’s biggest economy, stagnated in December after seven consecutive months of gains, official data showed Monday. The figure from the Economy Ministry followed data on Friday Continue Reading
Denmark has agreed to build an island in the North Sea that would gather and distribute electricity from wind energy farms. The 210-billion kroner ($34 billion) artificial island will be Continue Reading
The eurozone’s economy is diverging sharply from the U.S. and China, as stubbornly high coronavirus infections, extensive Covid-19 restrictions and a painfully slow vaccine rollout delay Europe’s recovery from last Continue Reading
Britain is on a pace to give the first shot of a two-dose coronavirus vaccine to its entire population by the end of June, if it can avoid supply and Continue Reading
It should have been Europe’s finest hour. Battered by multiple waves of Covid-19, lockdowns and recession, the European Union had found a noble way to prove its raison d’être: by Continue Reading
As the U.K. prepares to host the next round of major global climate talks in November, Prime Minister Boris Johnson’s government has adopted the most ambitious emissions-reduction goal among large Continue Reading
