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Eu
Crude Oil
EU Steps back From Impractical Russia Oil Embargo
EU leaders have stepped back from imposing an immediate embargo on Russian crude and petroleum product imports as the impracticality of the policy has become cl…
Carbon Neutral
Researchers Develop Reactor That Refines Waste Carbon into Chemicals While Generating Hydrogen
A team at Pacific Northwest National Laboratory has developed an innovative flow cell reactor capable of refining waste carbon into valuable chemicals, while si…
Crude Oil
China's Sinopec Plans Its Biggest Capital Expenditure in History
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…
Natural Gas
Will Importers Cave into Putin’s Gas for Rubles Demand?
Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching imp…
Oil Price
Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales
China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.
EU
EU's Borrell Says Nuclear Agreement with Iran 'Very Close'
Top EU diplomat Josep Borrell said on Saturday Iran and world powers were "very close" to agreement on reviving their 2015 nuclear deal.
Spain
Aquila Acquires 100MWp Solar PV Portfolio in Spain
Renewables investor Aquila European Renewables Income Fund has acquired a 100MWp solar PV portfolio currently in construction in Spain, doubling its portfolio’…
LNG
EU Strikes Gas Deal with the U.S. as It Seeks to Cut Its Reliance on Russia
U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukr…
LNG
U.S. to Supply 15 bcm of Additional LNG to Europe in 2022
The United States will work to ensure it supplies 15 billion cubic metres (bcm) of liquified natural gas (LNG) to European Union markets this year, as Europe se…
Hydrogen Production
Green Hydrogen to Decarbonise Europe’s Largest Steelmaking Site
Thyssenkrupp Steel and STEAG have agreed on the delivery of hydrogen from STEAG’s Duisburg-Walsum site to thyssenkrupp Steel in Duisburg, Germany.
LNG
EU Clinches U.S. LNG Deal, Brushes off Russian Rouble Demand
The European Union and United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG).
Electric Vehicle Battery
EU Approves €95m Polish Aid for LG Chem’s EV Battery Plant Expansion
The European Commission has approved €95 million (£79.5m) of Polish aid for the expansion of LG Chem’s battery cell production facility for electric vehicles…
Natural Gas
European Energy Prices Soar as Russia Seeks Rubles for Its Gas
European energy prices surged after President Vladimir Putin said Russia will demand payments in rubles from natural gas buyers it deems “unfriendly.”
Wind Farm
Ailes Marines Continue Saint-Brieuc Wind Farm Construction
Ailes Marines have announced the resumption of construction work on the wind farm in the Bay of Saint-Brieuc, France.
LNG
EU Seeks Answers to Energy Supply Crunch, U.S. LNG Deal
EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer a…
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