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Europe News

Windfall taxes on European energy firms 'weakened' by lobbying: NGOs

Fossil fuel businesses across Europe have managed to weaken and delay windfall taxes imposed on them during the recent energy crisis, according to a new report by a coalition of environmental associations.

Markets

Oil prices surge following Hamas attack on Israel

The sudden aggravation of the conflict in the Middle East is fuelling oil supply disruptions fears.

Green News

Willow Project: Could two lawsuits block the oil project in Alaska?

The Biden administration has approved Alaska’s Willow oil project, a major drilling initiative that environmentalists say is counter to the country’s climate goals.

World News

Russia bans oil sales to countries using a price cap

The ban will come into effect from February 1.

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Europe News

EU talks to cap Russian oil prices hit impasse as key deadline nears

The latest proposal to cap Russian crude at $62 per barrel was deemed too high by Poland and the Baltic states.

Europe Decoded

Why the Druzhba pipeline was spared from the EU ban on Russian oil

Hungary's PM Viktor Orbán scored a big win by forcing an exemption into the original proposal.

Russia

Russia 'could retaliate' if EU imposes energy supply embargo

An oil and gas industry expert says Russia 'could retaliate' if EU imposes an energy supply embargo, but cutting off gas supplies to European countries.

No Comment

Sanna Marin: we are actually financing Russia's war by purchasing oil

Finnish Prime Minister Sanna Marin said it is important to "get rid of Russian fossil fuels," adding "we are supporting and actually financing Russia's war by purchasing oil, gas and other fossil fuels."

World News

Oil terminals disrupted after European ports hit by cyberattack

The hackers disrupted operating systems and prevented some oil tankers from delivering energy supplies.

Green News

Will Norway's oil industry topple under the new left-wing government?

Despite left-wing success, the absence of the Green party in the new coalition could mean oil production is still firmly on Norway’s economic agenda.

Norway

Is Norway ready for a crude awakening over its oil industry?

Norway's two biggest parties have not committed to ending the country's lucrative oil industry and help save the planet. But some of their potential coalition partners have.

Nature

Europe’s reliance on used cooking oil is fuelling deforestation

A new report suggests turning wasted chip fat into clean energy is actually making climate change worse.

Green News

Why Trump’s final attempt to drill Arctic oil was an ‘epic failure’

Parts of the Arctic National Wildlife Refuge have just been auctioned off for oil drilling.

World

What will prompt Gulf energy companies to merge post-pandemic?

Worldwide lockdowns, shrinking demand and a supply glut have sent shockwaves through the oil & gas sector, plus oil-reliant economies in the Middle East.

World

As solar energy rises in the Middle East, will the sun set on the oil & gas sector?

As a plentiful source of energy, the sun’s rays have the potential to energize our daily lives with less damage to our planet than fossil fuels.

Green News

Massive sponge created to soak up oil spills in the ocean

This revolutionary new sponge could save marine life from the damaging effects of marine pollution.

Greece

Greece told to 'save your paradise' as oil companies move in

Greece told to 'save your paradise' as oil companies move in

World

US expected to eliminate Iranian oil waivers; China opposes plan

The United States is expected to announce the end of waivers to countries who currently buy oil from Iran. China has responded to the US threat saying bilateral cooperation with Iran is 'in accordance with the law'.

Qatar

Qatar to withdraw from OPEC

Qatar, which will withdraw from OPEC in January 2019, is the first Gulf country to leave the bloc of oil-producing nations

World

ADIPEC: UAE & Saudi Arabia strike LNG deal, oil ministers talk production cuts

The Abu Dhabi International Petroleum Exhibition & Conference gathered more than 140,000 visitors in the UAE capital for its 21st edition.