Category: Europe

Foreign frackers now find comfort in water-hungry Spain

A few years ago, fracking in Spain seemed as likely as bullfighting in Britain. But these days, energy companies from Texas, Canada and Ireland are trying to capitalize on geology that indicates Spain has sizable shale reserves.  More »

Gazprom raises gas export price as Ukraine looks for cash

Russia’s natural-gas export monopoly raised prices for Ukraine 44 percent after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts.  More »

Chevron, Polish firm jointly explore for shale gas

Poland’s gas giant PGNiG says it has signed an agreement with Chevron to jointly hunt for shale gas in southwestern Poland in a move to speed up the exploration.  More »

Billionaire sought by US holds key to Putin gas cash

A detained billionaire who made a fortune as a middleman in Russia’s murky gas trade with Ukraine may hold the key for U.S. lawmakers seeking harsher sanctions against President Vladimir Putin’s inner circle.  More »

Crimea crisis won’t cut Russia gas flow to Europe, IHS says

The crisis in the Crimea is unlikely to mean a cutoff of natural gas deliveries to the Ukraine and Europe, an international energy think tank said Wednesday.  More »

Russian billionaire to buy RWE oil and gas unit

L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG’s Dea oil and gas unit, gaining assets in the U.K., Germany and the North Sea.  More »

Study: 16 percent of Europe’s gas flows through Ukraine

Sixteen percent of the Europe’s gas flows through Ukraine, according to a study by the U.S. Energy Information Administration.  More »

Norway’s oil stimulus nears tipping point as growth fades

A near half-decade boom in oil investments in Norway is about to come to an end, sapping momentum in the economy of western Europe’s largest crude producer, the country’s main economic forecaster said.  More »

Green push blows away German coal-power profits

German Chancellor Angela Merkel’s campaign to limit climate change with an energy system based on renewable sources is cutting into profits of companies that still provide 57 percent of the power that keeps Europe’s biggest economy humming.  More »

Four nations urge US gas exports amid Ukraine crisis

Ambassadors from Hungary, Poland, Slovakia and the Czech Republic made their appeal Friday in a letter to House Speaker John Boehner.  More »

Russia likely to stay in the Crimea, experts say

The Ukraine’s weak financial state, combined with a weak and disorganized Kiev government and strong Russian interests in the Crimea, mean that the southern province, which was invaded by Russia over the weekend, will likely stay in their hands, speakers said at a panel on the Ukrainian crisis at IHS CeraWeek Tuesday morning.  More »

Economic sanctions on Russia would hurt, expert says

The Russian military invasion in the Crimean region of Ukraine could help encourage greater gas and oil exports, an former State department official said Monday afternoon at a national energy conference in Houston.  More »
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