Category: Europe

Siemens said to be preparing bid to buy Alstom’s gas turbine unit

Siemens AG is preparing a bid for Alstom SA’s energy unit that would leave it with the French company’s gas turbines while allowing partners Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to expand their steam turbines and hydro businesses, people familiar with the matter said.  More »

Norway oil spending expected to plunge on costs, political meddling

Oil and gas companies operating in Norway, western Europe’s biggest producer, predict investments will plunge 21 percent next year amid rising costs and increased political interference over offshore developments.  More »

Ukraine rejects Putin’s offer of gas discounts

Russian President Vladimir Putin said Russia was offering the discount as a “partnership deal.”  More »

Norway’s oil lobby told age of no state interference is over

Producers in western Europe’s biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway’s Green Party.  More »

North American refiners beating European profits by $6 per barrel

North American refiners banked an extra $6 per barrel of oil processed compared to their European counterparts in the first quarter of 2014, continuing a three-year streak of significantly higher profits, according to a U.S. Energy Information Administration analysis of 26 companies.  More »

Germany CEOs lament lost innovation amid fracking angst

The country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.  More »

Bulgaria halts work on Gazprom gas pipeline

Bulgaria’s prime minister has ordered on Sunday a halt to construction work on the Gazprom-led South Stream pipeline project planned to bypass Ukraine as a transit country and consolidating Russia’s energy grip in Europe.  More »

Big blaze at Shell chemical plant in Netherlands

People across a wide area reported hearing blasts and could see flames soaring into the night sky.  More »

Russia gives Ukraine more time to reach gas deal

Russia has extended the deadline for Ukraine to pay its multibillion-dollar natural gas bill until next Monday, as mediated talks continue aimed at resolving a price dispute.  More »

Repsol wins approval for $10B project off Spain

Repsol SA won government approval to start a $10 billion oil drilling project off Spain’s Canary Islands, signaling success in its 12-year campaign to start exploration near the Atlantic archipelago.  More »

Shell may boost internal carbon price as emission rules tighten

Royal Dutch Shell Plc may boost the internal carbon emissions price it uses for planning new projects if governments tighten climate rules, according to an executive in its emissions unit.  More »

EU eyes plan to diversify energy but no easy fixes

The European Union’s executive has proposed a strategy to secure the bloc’s energy supplies — and notably reduce its reliance on Russia — by seeking new supplies from the Caspian Sea, the Mediterranean, and increasing use of transportable Liquefied Natural Gas, or LNG.  More »

Europe’s Russian gas addiction skews sanctions debate

European leaders, while calling Ukraine’s May 25 presidential election a success, are still facing a deeper dilemma: how to free their countries from an addiction to Russian energy.  More »

Possible solution found in Ukraine gas dispute

EU Energy Commissioner Guenther Oettinger stressed “we are not done” but said he is optimistic of an agreement.  More »

UK says South England holds billions of barrels of shale oil

Shale rock underneath some of the wealthiest counties in southern England may contain billions of barrels of oil, a new government report said.  More »