Category: Europe

EU reaches deal to cut greenhouse gas emissions

The decision makes the EU the first major economy to set post-2020 emissions targets ahead of a global climate pact that is supposed to be adopted next year in Paris.  More »

Coal-rich Poland ready to block EU climate deal

Poland says that EU’s proposed pace for increasing reliance on renewable energy sources is too fast for Eastern European countries that are trying to grow their economies as they restructure old, energy-dependent industries.  More »

Total acts swiftly to replace CEO killed in crash

Barely 36 hours after de Margerie’s death, Total’s board chose its new leader at a board meeting Wednesday.  More »

New Total CEO will contend with slump in production, oil

Pouyanne will have to see through a round of cost cuts as lower oil prices and weak returns from refining eat into profit at France’s largest company by sales.  More »

Total board could vote for new CEO as soon as Wednesday

Total SA moved its emergency board meeting from Tuesday to Wednesday, when it will likely choose a successor to Christophe de Margerie, who died in a plane crash Tuesday night.  More »

Reactions to Total CEO death pour in from oil industry, world leaders

Total SA CEO Christophe de Margerie died in a plane crash in Moscow on Tuesday when his private plane struck a snow plow, whose driver Russian investigators say as drunk at the time of the accident.  More »

Death of Total CEO: Reactions from oil industry, French leaders

France’s politicians and oil-industry leaders offered their condolences after the death of Christophe de Margerie, 63, chief executive officer of Total SA, the nation’s largest oil company.  More »

Ukraine fighting batters truce before gas talks begin

Talks aimed at ensuring Russian natural gas deliveries to Ukraine this winter are being held with the European Union in Brussels today as fighting continues.  More »

Putin loses his best friend: Expensive oil

The decline in oil prices may be depriving Russian President Vladimir Putin of his biggest ally.  More »

BG Group appoints Statoil CEO to end leadership void

BG’s new appointment may end a turbulent three-year period where the company’s stock dropped 35 percent.  More »

European chemical industry importing U.S. shale gas

As the U.S. chemical sector grows and expands, fueled by a surge in domestic gas production, the European chemical industry is stagnating, plagued by high production costs and a lack of investment in new plants and research and development.  More »

Ethanol companies raided in EU benchmarks antitrust case

The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts.  More »
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