Monday, July 22, 2019

European Union News

EU Threatens Turkey with Sanctions over Cyprus Drilling

Turkey's Energy Minister Fatih Donmez speaks at a drilling launch event in late 2018. Donmez said the country would continue its offshore drilling exploration activities as part of Turkey's aim to be energy independent. (Photo: Turkey Ministry of Energy and Natural Resources)

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further…

Oil Rises Toward $65

© Pavel Ignatov / Adobe Stock

Oil rose towards $65 a barrel on Tuesday as OPEC supply cuts and Middle East tensions outweighed the U.S.-China trade dispute that has been dragging down the global economy and oil…

EU: Turkey's Drilling off Cyprus Coast of "Grave Concern"

© keki / Adobe Stock

The European Union on Monday said Turkey's plan to drill for oil and gas off Cyprus was of grave concern and an unacceptable escalation of tensions surrounding the Mediterranean island."Turkey's declared intention to illegall

Wärtsilä Forms New Biofuel Arm

Wärtsilä Biogas Solutions combines biogas upgrading with liquefaction to offer a full service for advanced biofuel production. Copyright: Biokraft

Finnish shipping technology group Wartsila has merged its Puregas Solutions and biogas liquefaction teams to form a new Biogas Solutions unit that will offer its customers a ‘one-stop…

IMO 2020: Hydrogen's Future in Maritime

3D rendering of the Water-Go-Round. Photo credit Incat Crowther

Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and…

Turkey to Drill Near Cyprus for Three Months

© olgavolodina / Adobe Stock

Turkey launched a second drilling ship on Thursday which will conduct natural gas operations off the northeast coast of Cyprus for three months, a move which risks aggravating a conflict…

Greek PM May Seek Sanctions Against Turkey in Gas Row

© twixx / Adobe Stock

Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus,…

U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes

©  / Adobe Stock

The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the…

Renewable Energy Brings 11 Million Jobs

Image: IRENA

According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture…

US Considering Sanctions Over Nord Stream 2

Pipelaying operations underway (© Nord Stream 2 / Axel Schmidt)

President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies…

Nord Stream 2 Launch Facing Delays

© Nord Stream 2 / Axel Schmidt

Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday…

French, Irish Back Celtic Undersea Power Cable

French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60 percent…

US LNG Opens Floodgates to Europe

Photo: Delegation of the European Union to the United States

The United States has nearly tripled its natural-gas exports to the European Union (EU) since July and signed new licenses seeking to establish American energy as an EU mainstay. US…

EU: New Rules Apply to Nord Stream 2

© Nord Stream 2 / Axel Schmidt

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.The bloc

Saipem Settles South Stream Dispute

Image: South Stream Transport B.V.

South Stream Transport, which is responsible for the construction and operation of the TurkStream Offshore Pipeline, and the Italian oil and gas industry contractor Saipem have settled…

Polish LNG Terminal Gets EU Grant

Image: Polskie LNG

Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund and the Cohesion Fund to expand its regasification capacity.The…

Norway Oil Exploration Refunds Are Not State Aid -ESA

© Lotharingia / Adobe Stock

Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid, the European Free Trade Association Surveillance Authority…

Orsted Seeks Ways to Avoid Brexit Tariffs

(Photo: Orsted)

Denmark's Orsted is looking at ways to avoid potential tariffs on imports of components for its multi-billion pound British offshore wind farms in the event of a disorderly Brexit,…

MHI Vestas: Brexit Will Not Deter Investment in Britain's Wind Sector

Photo: MHI Vestas

Japanese-Danish joint venture MHI Vestas plans to continue investing in its wind turbine blade manufacturing plant in Britain, despite the country's impending departure from the European Union…

Citgo Loans Price in Potential Regime Change

The bank debt of oil refiner Citgo Petroleum Corp, US subsidiary of Petróleos de Venezuela SA (PDVSA), has been volatile in recent days as Venezuela’s political crisis deepens and the…