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Nature

Italy’s UNESCO-designated Po Delta saved from offshore gas drilling

Offshoring drilling threatened to submerge parts of the delta, which is already bracing against a barrage of problematic, climate change-induced conditions.

Markets

Winter is coming: Volatile energy prices set to return in Europe

Rising natural gas prices and increasing uncertainty are set to dominate Europe's energy outlook for the coming winter.

Economy

Why have European natural gas prices soared to over 1-year highs?

European natural gas prices hit €46/MWh in November, spiking 16% on the month due to a cold snap, reduced wind output, and Russia-Ukraine tensions. LNG supply delays and high heating demand intensify risks, with analysts raising 2025 TTF forecasts amid tightening markets.

Business

UAE opens summit as energy industry weathers Middle East concerns

The United Arab Emirates (UAE) as a whole is planning to increase its production capacity of oil to 5 million barrels a day in the coming years.

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Climate

Gas cookers are killing 40,000 Europeans a year, scientists warn

It is the first time that researchers have been able to accurately estimate premature deaths from gas cooker pollution.

Europe News

ExxonMobil sues Dutch government over gas field closure

US petroleum giant ExxonMobil has invoked the controversial Energy Charter Treaty in a potential multi-billion euro compensation claim – an apparent bid to pressure the Netherlands’ new right-wing government over the shuttering of Europe’s largest gas field in Groningen.

Green News

UK becomes first G7 country to phase out coal: Where else has done it?

The country’s final coal-fired power station was desynced from the grid on 30 September, bringing an end to 142 years of burning coal for electricity.

Greece

New LNG system opens in Greece aiming to reduce reliance on Russia

The new project, funded in part by the European Commission aims to reduce southeastern Europe's dependence on Russian gas.

Business

ING pledges to stop financing new upstream oil and gas projects

ING says it would no longer be offering finance to pure-play oil and gas companies for explorations or developments in new fields, as part of its move to help support the transition to green energy.

Green News

Renewables generate half of EU electricity in first six months of 2024

Energy Commissioner Kadri Simson said the EU is now “well equipped” to meet climate neutrality goals.

Europe News

EU still hesitant to sanction Russian gas as imports continue

The annual State of the EU Energy Union report shows Europe still relies on Russia for nearly a fifth of its gas imports, while the EU executive is concerned at the slow pace of the transition away from fossil fuels.

Business

Could Britain's soaring taxes push energy companies to Norway?

UK taxes on oil and gas profits have risen from 40% to about 78% in the past three years, prompting several energy companies to think about pulling out of the country.

Green News

EU executive rejects auditors' call for ‘reality check’ on hydrogen

The European Court of auditors claims European Commission targets to deploy 'green' hydrogen to meet emissions targets are unrealistic, but the executive remains bullish.

Climate

Euroviews. The Baltic-Finnish gas market can and must be decarbonised

There is a feasible path to decarbonise the gas sectors of the Baltic states and Finland by 2050 or earlier. The choice is stark: invest now to reshape the energy landscape or pay later in severe environmental and geopolitical costs, Gowtham Muthukumaran and Javad Keypour write.

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.

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.

Green News

Push for deal on ‘green claims’ rules raises fears of double standards

Incoming EU legislation could force petroleum firms to temper their claims to be heading for net-zero emissions, but raises questions over the use of offsetting to fulfil climate action pledges.

Green News

How Europe’s energy crisis is feeding the election campaign

The transition from fossil fuels to renewable energy was already a central pillar of the European Green Deal before a belligerent Moscow triggered an energy crisis; now the question of how best to ensure secure, affordable energy is dividing political camps as EU citizens head to the polls in June.

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.

Business

TotalEnergies sees first quarter earnings drop on lower gas prices

Declining natural gas revenues dampened the company’s performance in the first quarter of 2024, with earnings down 22%, however its resilient oil business helped cap losses.

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