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Business

BP launches cost-cutting scheme despite beating profit expectations

The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs.

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Explosion at Rome fuel station leaves dozens injured

A powerful explosion at a petrol and LPG station in Rome’s Centocelle district injured at least 25 people, including several police officers and a firefighter.

Europe in Motion

Gas prices climb in EU for first time since 2022. Who pays more?

Prices are now the highest on record but this time tax hikes are to blame.

Slovakia

Slovakia's PM slams EU over plan to end Russian gas imports by 2027

Robert Fico is not alone in voicing his discontent. Hungary, the other member state with close ties to Moscow, also hit out at the plan.

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Europe News

Von der Leyen rules out return to Russian fuels after the war

"Dependency on Russia is not only bad for our security, but also for our economy," Ursula von der Leyen told the European Parliament.

Europe News

EU sets 2027 as deadline to phase out all Russian fuels, including LNG

Imports of Russian oil, gas and nuclear materials must stop by 2027 at the very latest, Brussels has proposed in a new ambitious strategy.

Energy Frontiers

Baku hosts talks on gas corridors, green energy and EU partnerships

In partnership with Azpromo

In this special edition of Energy Frontiers, we’re in Baku for exclusive insights into Azerbaijan’s evolving role in energy security, renewables, and its growing partnerships with Europe and beyond.

Focus

Baku energy talks strengthen EU–Azerbaijan partnership on gas and long-term energy security

In partnership with Azpromo

In this episode of Focus, leaders gather in Baku to advance EU–Azerbaijan energy cooperation, combining natural gas delivery with investment in renewables, hydrogen and cross-border infrastructure for a sustainable future.

Business

BP scraps renewables target, returns to oil and gas in strategy reset

The move comes in response to pressure from investors, notably from activist hedge fund Elliot management.

Business

BP expected to scrap renewables targets as part of performance reset

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially abandoned.

Earth News

Small changes can cut air pollution inside your home in a big way

As we spend more time working from home, understanding the factors that affect air quality within our houses is increasingly important.

Economy

Who pays the most and least for electricity and gas across Europe?

Residential end-user electricity and gas prices vary widely across European capitals. When adjusted for PPS, country rankings shift significantly.

Markets

European gas prices spike to 2-year highs as storage levels falter

European gas prices have surged 30% in the past month as colder weather, weak renewables, and supply concerns strain storage levels, now at their lowest since 2022. With refilling costs rising, Germany is weighing subsidies, while markets watch for potential Russian gas flows.

Europe News

Kyiv says it can supply Moldova with coal to power Transnistria

Zelenskyy said last year he had no intention of renewing the gas transit deal, stressing the importance for Europe of moving on from Russia and not allowing the Kremlin to ‘earn additional billions’ on Ukrainian blood.

Europe News

'Playing with fire': Orbán's veto threat puts Brussels on edge

With a key deadline set to expire next week, Viktor Orbán and his deputies have raised the spectre of vetoing EU sanctions against Russia, a move which would upend the bloc's foreign policy.

Europe News

Exclusive: EU considers lifting oil, gas, transport sanctions on Syria

European countries have been grappling with how to handle new regime following downfall of Bashar al-Assad, with a timeline for lifting sanctions moving onto the agenda.

Europe in Motion

How are EU gas reserves holding up?

Despite reassurance from the European Commission regarding gas supply security, EU stockpiles hold 16% of gas less as compared to the beginning of 2023. Only Portugal has a gas storage volume exceeding 100%.

Europe News

Zelenskyy challenges Fico to resolve gas dispute — in Kyiv

The leaders of Ukraine and Slovakia are locked in a spiralling dispute over supplies of Russian gas, and can't even agree on a location to hold further talks.

Europe News

Slovakia ramps up anti-Zelenskyy rhetoric amid gas transit spat

Slovakia's prime minister claims Ukraine is jeopardising Europe's global competitiveness by refusing to allow Russia to export gas into the EU over its territory.

Earth News

UK scraps plans to ban sale of gas boilers by 2035

The UK is lagging behind the rest of Europe with around two heat pumps per 1000 households.