Russia and Ukraine sign deal to secure European gas flows
Russia and Ukraine have struck a deal that guarantees the flow of gas to Europe for a further five years, a day before the expiry of the previous 10-year contract Continue Reading
Does Germany’s Vaunted Car Industry Have Long to Live?
Last month, Tesla announced it would be building a “giga-factory” just outside Berlin. The factory will create as many as 8,000 jobs and crank out up to 150,000 cars every Continue Reading
Johan Sverdrup: Norway’s big bet on a rosy future for oil
In the middle of the North Sea, four metal platforms perched on yellow supports and weighing 100,000 tonnes sit above more than $1oobn of black gold. The Johan Sverdrup field, located Continue Reading
Russia Goes For Global Gas Dominance
Despite the newly announced U.S. sanctions against the Nord Stream 2 project, Russia says it will build and launch next year the natural gas pipeline that has divided Europe for Continue Reading
Germany Aims To Close All Nuclear Plants By 2022
Germany is going forward with its plan to phase out nuclear reactors by 2022 as another nuclear power plant is going offline on December 31. Power company EnBW has said Continue Reading
Bank of England boss reiterates warnings over ‘worthless’ fossil fuels
Bank of England governor Mark Carney has reiterated his warnings over the risks of financial exposure to fossil fuels, saying pension funds were particularly vulnerable as oil, coal and gas Continue Reading
Norway refuses to drill for billions of barrels of oil in Arctic, leaving ‘whole industry surprised and disappointed’
The largest party in Norway ’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for explorative drilling off the Lofoten islands in the Continue Reading
Amid Balmy Winter, Moscow Trucked in Heaps of Fake Snow. A Blizzard Ensued.
The authorities in Moscow had spent millions on Christmas trees, sparkling lights and other holiday decorations, but the festive mood was still missing something: Winter weather. As the warmest December Continue Reading
Electric Cars Threaten the Heart of Germany’s Economy
Öhringen lies deep in the automaking country, the homeland of Germany’s biggest industry and a source of national pride. And by most appearances, life is pretty good. The unemployment rate Continue Reading
Oil product shortages mount as strikes continue at French refineries
Shortages of oil products have started mounting as staff at a number of French refineries continue strike action, resulting in increased imports of diesel and gasoil, sources said Friday. “There Continue Reading