About: oil and gas
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.
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.
Synthetic fuels can bolster energy security in the Baltic region
Despite coming a long way in becoming more energy independent, the Baltics still heavily rely on imported crude oil for their military and civil fuel demand. This could prove to be a challenge in the event of a regional crisis as seaborne oil shipments might face disruptions, argues Lukas Trakimavičius and Christophe Nave.
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.
Draft EU methane strategy shies away from binding emissions standards
The European Union’s long-awaited plan to curb emissions of the potent greenhouse gas methane will not impose binding standards on natural gas sold in the bloc, according to a draft seen by Reuters.
Oil and gas sector ‘losing its social licence to operate’, UK boss warns
Tim Eggar, chairman of the UK's Oil and Gas Authority (OGA), sent shockwaves through the industry on Wednesday (15 January) when he said growing public awareness about climate change was putting the sector's very survival at stake.
Oil and gas majors must cut production by a third to meet climate targets: report
The world's largest oil and gas companies must cut combined production by 35% by 2040 if nations are the meet the collective ambitions of the Paris Agreement and limit global warming to below 2C, a new report from Carbon Tracker has found. EURACTIV's media partner edie.net reports.
Tensions grow as Cyprus says Turkish drilling ship violates its rights
Tensions between Cyprus and Turkey over offshore drilling intensified on Friday (4 October) when Nicosia said a decision to send a ship to an area it had already licensed was a "severe escalation" of Turkish violations of its sovereign rights.
As the sun sets on oil, the sun will rise on solar power
When shares in Saudi Aramco eventually go public, there will doubtless be a feeding frenzy on what promises to be the largest initial public offering ever seen. More significantly, the move would also signal Saudi Arabia’s recognition that sunset for fossil fuel is just over the horizon, writes Jonathan Gornall.
EU opens antitrust investigation into PKN’s bid for rival Lotos
Polish oil refiner PKN Orlen's bid for rival Lotos may reduce competition in Poland and neighbouring countries and push up prices, EU antitrust regulators said on Wednesday (7 August) as they opened a full-scale investigation.
After years of decline, oil and gas extraction is set to increase
Oil majors have steadily reduced exploration investment since the 2014 oil price collapse. Now exploration is ticking up again, even if the oil price isn’t. Meanwhile, investment in renewables remains small among oil and gas companies.
Methane: Europe’s chronic climate blind spot
Europe has long led the global charge against greenhouse gas pollution. But it has been chronically reluctant to address the climate impact of methane emissions from the oil and gas sector, writes Poppy Kalesi.
‘Historic breakthrough’: Norway’s giant oil fund dives into renewables
Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.