Europe ///
Energy prices in Europe are repeatedly breaking records even before winter really kicks in, and one of the most damaging cost crunches in history is about to get worse as the temperature starts to drop.
European natural gas jumped to a three-week high on delays in starting up a controversial new pipeline from Russia.
Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure.
European Union climate chief Frans Timmermans gave the clearest signal yet that the bloc is considering a role for natural gas under its green rulebook for investments, setting up a clash with some national governments.
European gas and power prices surged on signs Russia won’t deliver the boost in supplies President Vladimir Putin promised. At least not on Monday.
Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch.
European natural gas futures jumped, extending their rebound from last week’s slump, as shipments from Russia fell.
European Union energy ministers are set for another spat over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little room for immediate action.
Europe’s heading into winter facing an unprecedented energy squeeze, and politicians are trying to figure out how to stop their citizens freezing.
Soaring energy prices are exacerbating divisions in the European Union as national leaders brace for heated talks about how to protect the most vulnerable and avoid a backlash against the bloc’s ambitious climate change plan.
European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs.
Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply.
Europe’s industrial sector has started to cut demand for natural gas, as record prices have made the fuel prohibitive for many consumers.
Sulzer has broken ground on a new service center in Denmark that will provide its full range of product sales and maintenance services throughout the region, all from under one roof.
BP Plc employees are working from home, as the oil giant attempts to continue normal business operations after Greenpeace put up barriers on the entrances to its London headquarters.
Trelleborg’s marine and infrastructure operation has supplied a specially designed Gina gasket (G110-80) to the floating dry dock which protects the renowned museum ship, Pommern, located in the Mariehamn Maritime Museum in the Åland Islands, Finland.
Falcon Oil & Gas Ltd. has announced that Falcon Oil & Gas Australia Ltd. has successfully negotiated a two-year extension of the call option (the Extension) to acquire it’s 30% portion of the 2% ORRI from the TOG Group.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has secured an agreement (the Agreement) with Georgian Oil and Gas Limited (GOG) to increase its working interest (WI) in the West Rustavi licence (West Rustavi or the License) to 100% from the current 25%.
Marathon Oil Corporation has announced the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS).