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Business

Shell increases shareholder returns and doubles down on LNG

Shell recently revamped its focus on oil and gas output, a move which has been greatly welcomed by shareholders, due to the current higher returns potential.

Europe News

LNG imports plummet amid falling EU gas demand

Europe’s decreasing gas demand calls into question a scramble to build new LNG import terminals, but leeway remains to increase imports from US as demanded by President Donald Trump.

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.

Climate

Experts: US rollbacks on renewables create opportunities for the EU

Climate campaigners are urging the EU to step into the "leadership void" left by the US.

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Business

TotalEnergies postpones multi-billion Mozambique LNG project

TotalEnergies has been dealing with ongoing delays and insurgencies regarding its Mozambique LNG project for several years now. The project is expected to start production in 2029.

Business

Shell cuts LNG outlook, with more write-offs due for 2024 year end

Oil and gas giant Shell has reduced its estimates for liquefied natural gas (LNG) production for the last quarter of 2024, with significant well write-offs for upstream exploration and integrated gas also expected.

Business

Trump threatens trade tariffs unless Europe buys more US oil and gas

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House.

Economy

Germany warns ports against accepting Russian gas shipments

Germany's economic ministry has warned the Deutsche Energy terminal of a planned shipment expected to arrive at the Brunsbüttel facility, according to a report.

No Comment

Entangled humpback whale freed after four-day rescue operation

The whale was found with several lines and floats tangled around its head and midsection, likely accumulated over a period of months.

Europe News

Czechia floats plan to replace Russian gas supplies to eastern EU

Czechia's trade minister and the likely next EU energy commissioner has urged the incumbent Kadri SImson and Berlin, Budapest, Bratislava and Vienna to intensify efforts to wean the bloc off Russian gas

Business

What about sanctions? French imports of Russia's LNG surge

French imports of Russia's liquified natural gas (LNG) surge - and Ukraine supporters seek a stop to it.

Business

Italian energy giant Eni reveals oil and gas expansion plans

The company says it is continuing to expand its oil and gas projects in the Republic of Congo and Ivory Coast.

Green News

Auditors warn of LNG dependency after Russian sources cut off

EU auditors are concerned with a new energy dependency and flagged decarbonisation challenges linked to the bloc’s gas usage as well as lack of transparency in cross-border infrastructure projects within the bloc.

Europe News

EU agrees new sanctions on Russia, targeting LNG for the first time

Belgium, France and Spain are the main entry points for Russian LNG.

Markets

Natural gas prices surge as artificial intelligence boom raises demand

Natural gas prices have surged over the past three months because of optimistic demand driven by a boom in AI consumption and its crucial role in the renewable energy transition.

Europe News

EU countries kick off talks to ban re-exports of Russian LNG

European Union countries kicked off on Wednesday negotiations on the next round of sanctions against Russia, which for the first time targets LNG.

Economy

No longer hot air? Will the EU finally sanction Russia's LNG sector?

Such a move could lead to a crack down on the re-export of Russian LNG from EU countries, but is unlikely to address EU imports of it. That could remain a sore point.

Markets

Turkey looks towards ExxonMobile for multibillion-dollar LNG deal

As Turkey's relations with the US become easier, Ankara is looking at a change of direction from Moscow for its gas supplies.

Green News

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.

Business

TotalEnergies return to Africa would rock CSDDD, claim NGOs

French fossil fuel giant is under scrutiny for its operations in a region dominated by conflict and violence.