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Hungary eyes EU consensus on geothermal energy future by end of year

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Crude oil prices surge sparking concerns of raised inflation risk

Crude oil prices rose to a two-month high amid optimistic demand outlooks and a decline in US stockpiles, sparking concerns of a resurgence in inflation.

24/06/2024

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Power outages hit Balkan countries as region swelters in heatwave

Southeastern Europe has been slammed by a seasonally early heatwave coupled with rampant power outages. Both are leaving Balkan countries at a standstill.

21/06/2024

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Geothermal and nuclear energy among Hungarian EU presidency priorities

The upcoming Hungarian presidency’s work programme broadly reflects EU policy objectives, but it only refers once to 'renewable' and natural gas is openly listed for targeted funding.

21/06/2024

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Baku Energy Forum focuses on AI, economic growth, and clean energy transition

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Advancements in AI, economic growth in in developing countries and a switch to clean energy solutions were top of the agenda at the Baku Energy Forum at Baku Energy Week.

21/06/2024

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Member states beef up safety rules amid growing nuclear power market

EU countries agreed on new nuclear safeguards which will see a greater level of inspections on facilities and the use of nuclear materials, despite a call from environmentalists to stop financing atomic power.

19/06/2024

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Ambitions for global renewable energy capacity unrealised, says report

Goal to triple renewable power by 2030 is achievable but countries need to put more effort on implementing energy and climate pledges, the International Energy Agency said.

04/06/2024

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Bloc quits Energy Charter Treaty, leaving member states free to remain

Decision greeted as a major success for the climate but environmentalists keep urging all EU countries without exception to withdraw the treaty.

30/05/2024

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Member states green light new rules to slash methane emissions

The potent greenhouse gas will be regulated for the first time in the EU with implications overseas.

27/05/2024

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Labour unions protest in Nigeria over rise in electricity prices

With President Bola Tinubu’s latest measure to cut costs as the country struggles with declining revenue, electricity rates more than doubled for some consumers in April.

14/05/2024

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BP's billion-dollar share buyback plan stays despite net profits fall

BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed its commitment to the share buyback plan of $3.5 billion in the first half of the year.

08/05/2024

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Clean tech sector and NGOs produce alternative election manifestos

Election manifestos are not the preserve of political parties vying for seats in the European Parliament: the run-up to the 6 June poll has seen industry lobbies, interest groups and NGOs produce wish lists of their own.

03/05/2024

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Gazprom sees worst loss in decades as European exports falter

Apart from falling European exports, Gazprom has also been hit by stabilising natural gas prices following the Russia-Ukraine war.

03/05/2024

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ROUNDUP: Key energy and environment votes in parliament

MEPs waved through a raft of energy and environment files in Strasbourg this week during the last European Parliament plenary session before elections in June.

26/04/2024

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How green are parties' manifestos vying in the European election?

Some political forces present concrete pledges while others offer general commitments to preserve the environment, keep up with the energy transition and tackle chemical and plastic pollution.

20/04/2024

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Netherlands officially stops drilling at Groningen's giant gas field

A symbolic ceremony was held on Friday to mark the end of drilling which has increased the seismic risk in the region since it started in the 1960s.

20/04/2024

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Watchdog urges caution on reducing Russian LNG imports to the bloc

Drop in domestic production and long-term contracts highlight the importance of keeping Russian gas, EU energy agency warns.

19/04/2024

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How can businesses spend smarter in the new tax year?

Forward-thinking businesses can leverage a variety of artificial intelligence tools in the new tax year to save costs, as well as make more provisions for unexpected expenses.

18/04/2024

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Exclusive: Letta to call for European industrial strategy

The former Italian PM’s report, part of which has been seen by Euronews, calls for stronger rules to unify telecoms, energy and financial markets and a new European business code.

15/04/2024

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UAE state oil company has BP in sights as potential takeover target

Adnoc’s takeover bid for BP is the latest in a string of acquisition bids for energy companies, such as ExxonMobil's agreement to purchase Hess Corporation.

12/04/2024

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Lawmakers ditch life-cycle approach to transport emission tally

MEPs, industry and clean transport campaign group at odds over the inclusion of a life-cycle methodology.

11/04/2024