Category: Europe

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 »

Russian energy minister cancels Houston visit amid Ukrainian crisis

Russian Energy Minister Alexander Novak has canceled plans to speak at the CERAWeek energy conference in Houston on Tuesday, as tensions in the Ukraine heat up.  More »

Q&A: Norway’s new ambassador makes early stop in Houston

In an interview with FuelFix, the new ambassador discusses Norway’s interests in Houston and the fund that Norway created for investing its oil wealth.  More »

Shell reaches landmark with world’s first industrial carbon capture project

The British government, already a strong advocate of clean energy, showed that it is planning to put its money where its carbon is, signing an agreement on Monday to move ahead on the world’s first industrial-sized carbon capture project.  More »

Shale gas halted in UK by six-month permit wait

In Texas it takes seven days to get permission to use hydraulic fracturing to drill for oil and gas. In the U.K. the wait is six months.  More »

Germany tax on own use of renewables is first in Europe

Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.  More »
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