Category: Europe

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 »

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 »