The value of share offerings in fossil fuel companies has dropped by almost 20% since 2012, while low-carbon companies gained ground in a shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday (31 March).
The Romanian government adopted on 9 April an emergency ordinance that changes the regulations on fuel sales and allows the sale of gasoline and diesel without the mandatory quotas including biofuels, EURACTIV.ro reported.
The Kremlin is pushing Belarus to merge with Russia in exchange for cheap energy, the Belarusian leader said Friday (14 February), as Russian strongman Vladimir Putin is believed to be maneuvering to extend his stay in power.
Kazakhstan and Belarus will discuss an oil supply deal before 20 January, Kazakhstan Energy Minister Nurlan Nogayev told reporters on Wednesday (15 January), without explaining the significance of that date.
A ambitious new Arctic oil project led by Russia’s top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia’s deputy energy minister Pavel Sorokin told reporters.
Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
Representatives of Poland, Russia, Belarus and Ukraine will meet on Friday (26 April) in Minsk, the capital of Belarus, to discuss how to solve the problem of polluted Russian oil, Poland’s pipeline operator PERN said on Thursday night.
Ethanol will have a very important role in decarbonising the transport sector globally, the executive director of the International Energy Agency (IEA) told EURACTIV.com. Another energy expert said electrification will play a major role in transport but is not applicable to all sectors, which is where biofuels come in.
China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington.
The EU Council's proposal for double or even multiple counting of advanced biofuels and green electricity consumption will increase Europe's dependency on fossil fuels to cover "real" energy needs, something which conflicts with the principal objective of the RED II legislation.
Europe is hardly the first place that springs to mind when thinking about the world's major oil producing regions, and there is a perception that the domestic industry has already seen its heyday, particularly in the North Sea.
An armed group forced Libya’s massive el-Sharara oilfield to close late on Sunday (1 October), shutting off production of more than 230,000 barrels per day (bpd), the head of the state oil company said.
Former German Chancellor Gerhard Schröder hit back at criticism of his planned new job at Russian oil producer Rosneft on Thursday (17 August), accusing his foes of political manoeuvring to help get Angela Merkel re-elected.