Siemens Energy (ENR1n.DE) , which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 Continue Reading
Energy companies have urged the UK to take “urgent” action over the amount of “toxic” and “hazardous” contaminants in the gas it is processing for export to the EU. They Continue Reading
Gazprom’s future is facing increasing uncertainty as Europe races to reduce its dependence on Russian gas. Gazprom possesses the world’s largest reserves of natural gas, but losing one of its Continue Reading
A second convoy of four vessels sailed from Ukraine’s deep sea ports Aug. 7, following the first convoy on Aug. 5, showing the feasibility of the “humanitarian maritime corridor” for Continue Reading
Aug 7 (Reuters) – The head of the International Atomic Energy Agency raised grave concern about shelling at a nuclear power plant in Ukraine, as its military said Russian forces Continue Reading
Four ships carrying Ukrainian foodstuffs sailed from Ukrainian Black Sea ports on Sunday as part of a deal to unblock the country’s sea exports, Ukrainian and Turkish officials said. The Continue Reading
Turkey’s President Tayyip Erdogan and Russia’s President Vladimir Putin agreed on Friday to bolster cooperation after a four-hour meeting, a joint statement from the two nations has revealed as cited Continue Reading
The Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and include munitions for long-range weapons and armored medical Continue Reading
Russia has banned investors from so-called unfriendly countries from selling shares in key energy projects and banks until the end of the year, stepping up pressure in the sanctions stand-off Continue Reading
European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday, as they attempt to save fuel for a winter of uncertain Russian supplies, despite Poland Continue Reading
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Continue Reading
Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to Continue Reading
French Prime Minister Elisabeth Borne warned that France is facing its “most severe drought” ever recorded and announced the activation of a government crisis unit. Borne said in a written Continue Reading
The first convoy of ships carrying Ukrainian grain sailed from the port of Odessa, in a sign that last month’s agreement with Russia on facilitating Ukrainian food exports is holding Continue Reading
Russian forces at Ukraine’s Zaporizhzhia nuclear power plant have likely undermined the security and safety of the plant’s operations, the UK’s defence ministry says. Europe’s largest nuclear plant has been Continue Reading
Highlights 42% of UK adults cut back on non-essential vehicle travel 51% cutting household gas, electricity use Signs of demand destruction as BOE warns of 13% inflation More evidence of Continue Reading
Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food Continue Reading
“In Switzerland, we’re not used to the idea of droughts”, said Sonia Seneviratne, professor of land-climate dynamics at ETH Zurich research university. “We see ourselves as being this water fortress Continue Reading
Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices caused by Russia’s invasion of Ukraine, the Continue Reading
German unit of refiner OMV: There is a run on fuels such as diesel and heating oil in the southern parts of Germany. Critically low water levels of the river Continue Reading
An employee monitors for gas leaks at the Uniper SE Bierwang Natural Gas Storage Facility in Muhldorf, Germany. Photographer: Krisztian Bocsi/Bloomberg German power prices rose to a record as utilities Continue Reading
The number of UK companies at risk of collapse rose by more than a third in the second quarter as surging inflation continued to erode margins. Almost 2,000 companies were Continue Reading
The famously green UK capital is now covered in fields of yellow after weeks of unusual heat and a lack of rain. Greenwich Park in London, on Aug. 3. Photographer: Continue Reading
The battle between Asia and Europe to lock in gas supplies is stepping up a gear, heightening the risks of a further surge in prices that would add fresh fuel Continue Reading
Russian forces at Ukraine’s Zaporizhzhia nuclear power plant have likely undermined the security and safety of the plant’s operations, the UK’s defence ministry says. Europe’s largest nuclear plant has been Continue Reading
Gazprom (GAZP.MM) will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project, Russian news agencies reported on Wednesday, citing a government decree. Interfax Continue Reading
An oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia. Source: Bloomberg Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Russia appears Continue Reading
German Chancellor Olaf Scholz said for the first time that his government could postpone the planned closure of its remaining nuclear reactors, as he criticized a decision by Russia to Continue Reading
Electricite de France SA, France’s state-owned utility, announced on Tuesday that it is highly likely it will be forced to extend cuts to nuclear generation as scorching weather pushes up Continue Reading
Russia registered 17,126 new cases of coronavirus in the last 24 hours, the highest daily increase since April 2, the country’s anti-pandemic taskforce said in a statement. The taskforce said Continue Reading
Europe gas storage 70% full, surpassing 5-year average Filling EU tanks to targets costs 50-55 bln euros-analysts Europe raised LNG imports to compensate for reduced Russia flows Despite building up Continue Reading
The EU is weighing accelerating the development of manure-based fertilizers to limit reliance on Russian-made alternatives and the gas needed for domestic production. The Spanish and Dutch governments are “opening Continue Reading
France experienced its driest July on record as searing heat spread across Europe, putting strain in key crops. The average precipitation across the country was 8.1 millimeters (0.3 inches), making Continue Reading
The German government will have to amend its energy security law again in September as its gas levy cannot yet be imposed on all consumers, including those with fixed prices Continue Reading
Dust and mud is clogging the filters on a key pipeline sending natural gas from the UK to Europe, slowing down flows as the winter crunch time approaches. The operator Continue Reading
Fanning out like urban guerrillas through Paris’ darkened streets well after midnight, the anti-waste activists shinny up walls and drain pipes, reaching for switches to turn off the lights. Click. Continue Reading
A serious shortage of natural gas supplies could trigger “a chain reaction with unforeseeable consequences” for the German economy, said Commerzbank, one of the country’s biggest corporate lenders. The German Continue Reading
News that his ship would be allowed to leave the Ukrainian port of Odesa carrying grain was the “best feeling” of the year, a joyful crew member said on Monday, Continue Reading
Germans more often than not choose to be cremated when they die – which would be a problem if Russia turns off the gas. As Western sanctions heighten tensions between Continue Reading
Baker Hughes (BKR.O) said on Monday it signed a deal to sell its oilfield services (OFS) business in Russia to the local management team, months after stopping new investments in Continue Reading
Ukrainian Infrastructure Minister Oleksandr Kubrakov speaks on “Bloomberg Markets: European Close.” Ukraine laid out plans to cautiously ramp up grain exports as the first shipment since Russia’s invasion was hailed Continue Reading
Russian shipments stabilize Russia’s seaborne crude shipments have stabilized at a level about 500,000 barrels a day below the peak they reached after Moscow’s troops invaded Ukraine in February and Continue Reading
The utility in the large German city of Munich has restarted two power plants running on oil in a bid to save natural gas amid very low and highly uncertain Continue Reading
A new BofA Global Research report sent to Rigzone recently has revealed the identity of Europe’s number one gas supplier. According to a BofA Global Research report sent to Rigzone Continue Reading
The price of wheat has tumbled from its peak after Russia invaded Ukraine, but experts say one of the world’s most widely consumed foods remains in short supply and warn Continue Reading
Russia’s Rosatom has awarded TSM Enerji the contract to undertake the remaining construction work at the $20 billion nuclear power plant it is building in Akkuyu in southern Turkey, the Continue Reading
Gas demand from all customers of French utility giant Engie has dropped in recent weeks amid surging natural gas prices in Europe as Russia slashed deliveries, the French company said Continue Reading
Russia’s idled primary oil refining capacity was revised up to 2.591 million tonnes in August, up 34% from the previous estimate, sources citing refinery maintenance data and Reuters calculations showed Continue Reading
German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation, the Ukraine war and the coronavirus pandemic take their toll, Continue Reading
Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc Continue Reading
