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.
Activists from environmental group Greenpeace boarded a Statoil rig en route to drill Norway’s northernmost exploration well in the Barents Sea, saying it’s too close to the polar ice cap and a key nature reserve.
Safety regulators have quietly placed two extra conditions on construction of TransCanada Corp.’s Keystone XL oil pipeline after learning of potentially dangerous construction defects involving the southern leg of the Canada-to-Texas project.
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