Category: Europe

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 »

Romanian prime minister in Houston urging U.S. investment

Romania traces its oil industry to the 1850s, but as it production has declined in recent years, it’s urging American investors to pump their money into the country to help it develop shale and deepwater resources.  More »

EU proposes deal to ensure Ukraine gas supplies

The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn’t resolve a deeper dispute over what price Kiev should pay for past and future deliveries.  More »

Siemens CEO: Dresser-Rand deal provides connection to oil epicenter

Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday.  More »

Drillers can return to fight oil slump after Scotland’s ‘No’

After the failure of a referendum on Scottish independence, Shell and BP say they’ll continue working to combat an energy slump in the United Kingdom.  More »

Russian billionaire placed under house arrest

Russian media reports said in June that Russia’s largest oil company, state-controlled Rosneft, considered buying Bashneft, part of Vladimir Yevtushenkov’s empire.  More »

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.  More »

Poland resumes gas deliveries to Ukraine

The spat between Poland and Russia came amid concerns that Moscow is ready to use its energy exports as a political weapon over the crisis in Ukraine.  More »

German firm buys shares in North Sea oil, gas

Wintershall’s deal is with Norwegian company Statoil for $1.25 billion. Norway, along with Russia, is a key supplier of gas to Europe.  More »

Sanctions threaten Putin’s oil deals with Exxon Mobil, Shell

Russian President Vladimir Putin called Exxon Mobil “an old and reliable partner” during a ceremony last month marking the start of drilling at an offshore Arctic prospect.  More »

Russian gas supplies to Poland drop by a quarter

Some commentators believe it to be retaliation by Moscow against Poland for its decision to help Ukraine with gas.  More »

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »
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