Category: Europe

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 »

Lego to scrap Shell deal after Arctic protest

Environmental activists Greenpeace launched in July a video showing an Arctic landscape with a Shell drilling platform made of Lego bricks covered in oil.  More »

Perry seeks unlimited natural gas and oil exports

“The first order of business to restore balance in Europe is for America to build an energy shield to protect our strategic allies,” the Texas governor said.  More »

Putin power transition won’t be peaceful, exiled oil tycoon says

His comments come as Russia endures sanctions from the U.S. and European Union for its annexation of Crimea and investors pull money from the nation.  More »

Putin factions gridlocked over arrest as sanctions bite

Russia’s ruling elite is convulsing as the economy careens toward recession, the ruble hovers near a record low and the conflict in Ukraine pushes the country deeper into a standoff with the U.S and its allies.  More »

The More Things Change, The More They Stay The Same

The above phrase is from the translation of  ’plus ça change, plus c’est la même chose‘ by the French novelist Jean-Baptiste Alphonse Karr. Regardless, not only is it great, but also highly applicable to a veritable selection of shenanigans going on across energyland™.  First up – or actually first and second up, are two examples […]  More »

Russia oil production nears record with sanctions yet to bite

Sanctions already halted some joint work between Exxon Mobil Corp. and Rosneft, threatening a project in the Kara Sea where the state-run company said last week it may have identified a billion-barrel crude discovery.  More »

U.S. petrochemical renaissance sows worry in Europe

European chemical companies face greater pressure to rethink they way they do business in if they want to compete against U.S. petrochemical plants, which have been buoyed by the shale boom.  More »

Solar may become largest global power source by 2050

Photovoltaic plants may provide as much as 16 percent of global electricity, according to the International Energy Agency.  More »
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