Europe

Liquefied Natural Gas , Policy & Regulations , International

Chesapeake CEO, Commonwealth LNG Chair Say Europe Must Prepare for Next Winter

In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.

February 2, 2023

Natural Gas

EU Must Extend Gas Demand Curbs to Prepare for Next Winter

Policymakers should underpin future demand reduction targets by encouraging a structural shift away from gas, says Bruegel. 

February 2, 2023

Crude Oil , Policy & Regulations

TotalEnergies, Iraq See Further Delays to $27 Billion Energy Deal

Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.

February 2, 2023

Markets , Liquefied Natural Gas , Natural Gas

European Gas Prices Mixed on Cold Weather Forecast, Strong LNG Flows

British and Dutch wholesale gas prices were mixed on Feb. 2 on cold weather forecasts, reduction in gas storage and Norway outage, although strong flows of LNG were lending some support.

February 2, 2023

Energy Transition , Pipelines

EU Funds Could Finance 30%-50% of France-Spain Hydrogen Pipeline: Enagás CEO

Spain and France have agreed to explore the possibility to build a pipeline to ship green hydrogen between Barcelona and Marseille.

February 2, 2023

Earnings , Liquefied Natural Gas , Crude Oil , Energy Transition

Shell 2022 Profit More Than Doubles To Record $40 Billion

The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.

February 2, 2023

Policy & Regulations , Energy Transition

Activist Group Accuses Shell of Misleading Investors on Renewables

Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part of efforts to reduce greenhouse gas emissions over the coming decades.

February 1, 2023

Natural Gas , Crude Oil , International , Energy Transition

BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use

The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.

February 1, 2023

Liquefied Natural Gas , Exports

Russia Boosts LNG Exports to Europe by 20% in 2022

According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.

January 31, 2023

Investment , Energy Transition

UniCredit Sets Emission Goals for Carbon Intensive Sectors

UniCredit will strengthen its advisory services for companies in carbon-intensive sectors, as well as boost sustainable lending.

January 31, 2023