Monday, July 15, 2024

Europe News

Spain's Energy Firms Look to Central Europe Markets for Green Hydrogen Deals

© Corona Borealis / Adobe Stock

Spanish oil company Cepsa signed on Wednesday two agreements aimed at shipping green hydrogen between Spain and the Netherlands, a day after renewable energy giant Iberdrola took a similar step.The two Spanish companies are vying to become green hydrogen leaders, with planned investments worth billions of euros.

Neptune Energy Starts Production from Gas Well in Germany

©Neptune Energy

Oil and gas company Neptune Energy started production from its production from its operated Adorf Z17 gas well in the municipality of Georgsdorf, northwestern Germany.The Z17 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Adorf licence by 1…

Germany Nationalises Gas Group Uniper in Scramble to Secure Supply

Credit: Uniper

Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.Nationalizing Germany's largest importer…

Greek Quest to Save on Energy Bills Spurs Island-owned Renewables

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Even with his 35-room beach-front hotel on the Greek island of Tilos close to fully booked, owner Michalis Kipraios worries his business might not "survive" sky-rocketing electricity bills, as the war in Ukraine drives up energy prices around the world.Tilos…

Oil Supply Crunch is Coming, ConocoPhillips CEO Says

ConocoPhillips CEO Ryan Lance - Credit: ConocoPhillips (Cropped)

ConocoPhillips' chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead.Ryan Lance, head of the largest U.S.

Miros Wavex Tapped to Support Saint Brieuc Offshore Wind Project

Image courtesy MIROS

Miros’ dry-mounted Wavex was selected by EQUANS to collect operation-critical wave and current data on the offshore substation for the Saint-Brieuc Offshore Wind Farm, Iberdrola's first large-scale and flagship offshore wind power project in Brittany, France.

UAE Interested in Turkish Energy Investments

© luzitanija / Adobe Stock

The United Arab Emirates is eyeing investments in Turkey's energy sector, ports and railways, Foreign Minister Abdullah bin Zayed Al Nahyan said on Friday.Speaking at a joint press conference with Turkish counterpart Mevlut Cavusoglu in Istanbul, Al Nahyan said the UAE was especially interested in renewable energy inve

EU Unveils $220B Escape Route from Russian Fossil Fuels by 2027

Credit: Feydzhet Shabanov/AdobeStock

The European Commission on Wednesday unveiled a 210 billion euro [about $220 billion] plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy.The invasion of Ukraine by Russia…

Equinor Finds New Oil Near North Sea Fram Field

Location of the field. Map courtesy Equinor

Equinor and partner Wellesley report discovering oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic meters of recoverable oil equivalent…

Aberdeen Selects BP as Hydrogen Hub Partner

Credit: malp

Aberdeen City Council on Monday announced BP as its preferred bidder for a commercial partnership for hydrogen hub development "which will accelerate the city’s ambitions to become a world-class hydrogen hub."Following a tender process that began in June, the…

INEOS to Invest $2.3B in Green Hydrogen Plants

Credit: Corona Borealis/Adobestock

- INEOS, Europe's largest Hydrogen producer, said on Monday it would invest more than 2 billion euros ($2.3 billion) on electrolysis plants to make zero-carbon green hydrogen across Europe.The first plants will be built in Norway, Germany and Belgium over the next 10 years, with others planned in the UK and France, the

UK and Norway Sign Deal On New Power Interconnector

Credit: OED

Britain and Norway on Thursday signed a bilateral treaty on electricity interconnection to help formalize power trading between the two countries, Britain's ministry for business and energy (BEIS) said.The agreement comes ahead of the start of commercial testing operations in October of the North Sea Link…

Vattenfall Shortlisted for 1 GW French Offshore Wind Tender

(Photo: Vattenfall)

France has shortlisted Swedish utility Vattenfall and its two partners to bid in a tender to develop an offshore wind farm with a capacity of about 1 gigawatt (GW) off Normandy, the company said on Tuesday.Vattenfall and its partners - German wind farm developer…

When is a Cargo of Oil Certified "Carbon Neutral"? Ask Lundin Energy

(Photo: Lundin Energy)

Sweden's Lundin Energy has sold to Italian refiner Saras what it said is the world's first oil cargo certified as carbon neutral at the point of production, the two companies said on Monday.Oil companies are increasingly trying to market their products as cleaner…

Total CEO Not Betting on Prices Staying at $70 a Barrel

Total CEO Patrick Pouyanee (File Photo. Credit: World Economic Forum/CC BY-NC-SA 2.0

Total's chief executive said on Monday it could take two years for the world economy to recover from the coronavirus pandemic and that oil prices were unlikely to remain at the current high of $70 a barrel."I am not betting on prices staying at $70 a barrel…

Energy Charter Treaty Talks: EU to Seek Fossil Fuel Phase-out

Image by Aliaksandr Marko/AdobeStock

The European Union's executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe's climate goals.The more than…

EU Energy Watchdog Sanctions Bosnia over Non-compliance with Rules

View of the Sarajevo city center and the parliament building -  Image by MuamerO/AdobeStock

The European Union's energy watchdog has extended sanctions against Bosnia for another two years over the Balkan country's failure to comply with the body's gas and electricity sector regulations.Bosnia has been sanctioned for much of the period since 2015…

Total Keeps Dividend But Cuts Investment Target

(File photo: Total)

Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend.The company cut its investment target to $13 billion from $14 billion and said it was keeping a lid on operating costs too…

Norwegian Businesses See Rise in Wind Industry Orders

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Onshore wind companies provided the largest revenue stream for the Norwegian renewables industry from sales of equipment, construction and consultancy services in 2019, overtaking hydropower, according to a report published on Friday.Onshore wind is a new source of energy for the Nordic country which has…

Lundin Energy Chief Schneiter: Output Trending Upward at Sverdrup

(Photo: Ole Jørgen Bratland / Equinor)

Norway's Johan Sverdrup oilfield, the largest in western Europe, is ramping up production in the fourth quarter after the government increased its production permit, Lundin Energy, a partner in the field, said on Friday.Equinor-operated Sverdrup increased its production capacity to 470,000 barrels of oil equivalent per