Category: Europe

European green energy fears losing investments on ‘weak’ targets

Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy in 2030.  More »

Germany can’t bear hefty green energy costs, minister says

Germany must focus on the cheapest clean-energy sources as well as efficient fossil-fuel-fired plants to stop spiraling power prices, Economy and Energy Minister Sigmar Gabriel said.  More »

European Union relaxes renewables target

The European Commission is shying away from more ambitious mandatory renewable energy goals in its fight against climate change.  More »

Aboard a Statoil North Sea platform (photos)

Statoil believes the nation’s oil and gas output can remain at current levels until 2025 and possibly beyond, even as it tightens spending amid rising costs.  More »

Some Key Takeaways from BP’s Latest Outlook to 2035

Here are the key observations and takeaways from BP’s recently released 20-year forecast on global energy.  More »

Dutch to reduce natural gas production due to earthquakes

The Dutch Cabinet has decided to reduce the amount of gas produced from fields that lie under the country’s northernmost province by 6 percent, as the mining has caused earthquakes and damaged houses in the region.  More »

Aerial drones developed to locate deep-sea oil and gas (photos)

Drones soon could make waves in the North Sea, the latest oil-rich region to test the unmanned flying machines’ use in locating and extracting oil and gas reserves.  More »

European Union drafting ‘minimum’ guidelines for fracking shale

The European Union plans “minimum” guidelines for shale fracking, under proposals that may facilitate oil and gas drilling using the contested technique that’s brought the U.S. toward energy independence, according to a draft statement.  More »

England’s clouds part for solar as panels carpet fields

Cloudy Britain is emerging as Europe’s hottest market to build solar parks.  More »

French oil giant Total joins shale hunt in Britain

The French oil conglomerate Total will explore for shale gas in Britain, joining a boom that has overhauled world energy markets.  More »

Statoil said to eye overseas deals as government loosens control

Statoil ASA is the giant of Norway’s economy and looms large emotionally, as a symbol of Norway’s resource wealth and engineering prowess. But it may soon get less Norwegian.  More »

German power costs to fall further as coal expands

Power prices in Germany, Europe’s biggest electricity market, probably will weaken for a record fourth consecutive year as utilities add the most coal-fired capacity in more than a decade.  More »