Category: Europe

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 »

Chevron resumes search for shale gas in Romania

Thousands of people have rallied across Romania in recent months to protest against government support for shale gas exploration.  More »

EU climate chief says UN talks hinge on 2015 deal

After another U.N. climate conference gave only modest results, European Climate Commissioner Connie Hedegaard says the process needs to provide a “substantial answer” to global warming in two years to remain relevant.  More »

Spanish court acquits accused in tanker disaster

A Spanish court has acquitted three people charged over the sinking of the Prestige oil tanker off Spain’s northwestern coast 11 years ago that triggered one of Europe’s biggest environmental catastrophes.  More »

Shell to drill first wells in $10 billion Ukrainian project

The country could hold as much as 42 trillion cubic feet (1.2 trillion cubic meters) of shale gas, the third largest reserve in Europe, according to the U.S. Energy Information Administration estimate from 2011  More »

Crude traders sticking with Brent amid manipulation claims

Four energy traders claim in a lawsuit that some of the world’s biggest oil companies conspired with Morgan Stanley and energy traders such as Vitol Group to fix spot prices for Brent for more than a decade.  More »

EU nations urged to overhaul energy markets state support

The European Union presented a set of recommendations for governments to improve their state-aid mechanisms in energy markets, including support programs for renewable energy  More »

Opponent accuses Cameron of panic response to rising energy prices

Ed Miliband, the leader of the U.K.’s opposition Labour Party, accused Prime Minister David Cameron of making up energy policy in a panicked response to public anger at soaring electricity and gas bills.  More »

Melting Arctic easing access to fossil fuels

More direct northern sea routes may be opening up in the Arctic, as the melting of the ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference.  More »

Fracking opponents find lawyers beat superglue in slowing shale

Campaigners desperate to prevent the birth of a U.K. shale-gas industry have glued themselves to walls, barricaded country lanes and climbed drill rigs. Yet their most potent weapon is more prosaic: lawyers.  More »

Chevron halts gas search in Romania after protests

Hundreds protested in a field where Chevron plans to launch its operation  More »
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