Oil and Industry

Europe's East 17-05-2022

EU reputation at stake as Hungary continues to block Russia sanctions

The EU has not found consensus on the new sanction package against Russia and an agreement could be still 'a week or two' away, EU's chief diplomat Josep Borrell said on 17 May, as Hungary said it would not lift its veto.
Energy 10-05-2022

Germany to take over critical companies in case of abrupt end to Russian gas

German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters.
Global Europe 06-05-2022

EU tweaks Russia oil sanctions plan in bid to win over reluctant states

The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three EU sources said on Friday (6 May).
Global Europe 15-04-2022

Putin tells Europe: You still need Russian gas but we’re turning east

President Vladimir Putin said on Thursday (14 April) that Moscow would work to redirect its energy exports eastward as Europe tries to reduce its reliance on them, adding that European nations would not be able to ditch Russian gas immediately.
Global Europe 12-04-2022

OPEC tells EU it’s not possible to replace potential Russian oil supply loss

OPEC told the European Union on Monday (11 April) that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not...
Energy 25-03-2022

Canada will boost oil exports to replace Russian energy

Canada announced Thursday (24 March) it will boost oil exports by about 5% to help address supply shortages faced by allies shunning Russian energy after Moscow's invasion of Ukraine.
Energy 24-03-2022

Yannick Jadot accuses TotalEnergies of being ‘complicit in war crimes’

Outraged by the continued presence of French companies in Russia, Yannick Jadot (EELV) has gone on the offensive against French oil giant TotalEnergies, which has announced its intention to sue.
Energy 24-03-2022

NETWORK ROUNDUP: EU countries seek alternatives to Russian energy

Raising capacity for LNG imports, notably from the US, and strengthening gas and electricity interconnections in the Balkans, the North Sea, Italy and subsequently North Africa, are among the options EU countries are currently considering to diversify from Russian energy supplies.
Global Europe 16-03-2022

Countries and companies shun Russian oil over Ukraine invasion

Russian gas flows to Europe remain stable, but Western sanctions over Moscow's invasion of Ukraine and voluntary actions by buyers are starting to impact its oil sales. This is a state of play as of 16 March.
Europe's East 09-03-2022

Biden bans Russia oil imports to US, warns gasoline to rise further

US President Joe Biden imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine, amid strong support from American voters and lawmakers, even though the move will drive up US energy prices.
Global Europe 08-03-2022

Ukraine war on the brink of sparking world energy conflict

Fears of an energy war between Russia and the West grew on Tuesday after the United States pushed its allies to ban Russian oil imports as punishment for Moscow's invasion of Ukraine, where talks on humanitarian corridors made little progress.
Europe's East 07-03-2022

German ministers warn against boycotting Russian oil

Germany's finance and foreign ministers cautioned Sunday (6 March) against banning Russian energy imports as the West searches for ways to tighten the screws on Moscow over its invasion of Ukraine.
Energy 17-02-2022

Oil firms’ climate claims are greenwashing, study concludes

Accusations of greenwashing against major oil companies that claim to be in transition to clean energy are well-founded, according to the most comprehensive study to date. EURACTIV's media partner, The Guardian, reports.
Climate change 20-10-2021

Planned fossil fuel output ‘vastly exceeds’ climate limits, says UN

Despite pledges of action from many nations, almost none have policies to wind down production, report says. EURACTIV's media partner, The Guardian, reports.
Climate change 18-10-2021

Climate change a double blow for oil-rich Mideast, experts say

The climate crisis threatens a double blow for the Middle East, experts say, by destroying its oil income as the world shifts to renewables and by raising temperatures to unliveable extremes.
Climate change 12-10-2021

Two dozen countries announce commitment to EU-US global methane pledge

As political support grows to place methane emissions reduction at the top of the global agenda, 24 additional countries agreed on Monday (11 October) to sign the EU-US-led Global Methane Pledge ahead of the UN climate summit in Glasgow.
Energy 28-09-2021

UK puts army on standby as fuel pumps run dry

Britain on Monday (27 September) put the army on standby to help with the ongoing fuel crisis as fears over tanker driver shortages led to panic buying, leaving many of the country's pumps dry.
Climate change 20-09-2021

EU, US urge others to join methane reduction pledge

The European Union and the United States on Saturday (18 September) called on more nations to join a pledge to slash methane gas emissions and cut warming by at least 0.2 degrees Celsius by 2050.
Greek Prime Minister Kyriakos Mitsotakis
Energy 26-08-2021

Greek fires: Blaming climate change is only the start, phasing out fossil fuels is the rest

If Prime Minister Kyriakos Mitsotakis is to help save Greece – and the planet – from the climate emergency, the changes his government must make are dramatic, writes Jonathan Gant.
Energy 25-08-2021

Denmark, Costa Rica seek alliance to speed up the end of oil and gas

Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration, government ministers said and documents showed.

Portugal’s Galp moves to green hydrogen at refinery, eyes €1bn investment

Portugal's Galp Energia plans to install a 100-megawatt electrolyser to power its refinery in Sines with green hydrogen by 2025, a project which could be expanded to up to 1,000 MW and be worth €1 billion, Chief Executive Andy Brown said on Monday (14 June).
Energy 08-06-2021

Study: Peak oil moves closer as energy majors shift to renewables

The world’s largest oil and gas companies increased investment in clean energy by 23% compared to 2018, despite a 6% fall in global energy demand last year caused by the coronavirus pandemic, according to new research published on Tuesday (8 June).
Global Europe 01-06-2021

OPEC, Russia seen gaining more power with Shell Dutch ruling

Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.
Energy 27-05-2021

Shell ordered to slash emissions 45% by 2030 in historic court ruling

A Dutch court has ordered Royal Dutch Shell to cut its emissions 45% by 2030 compared to 2019 levels, in a landmark ruling. EURACTIV's media partner, Climate Home News, reports.