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Europe
EU
EU Will Need Five Years to Ditch Russian Energy
Europe plans to phase out its dependency on Russian oil, gas and coal by 2027.
Energy Transition
The European Commissioner for Energy Backs Geothermal to Bolster EU Energy Security
The EU’s Commissioner for Energy, Kadri Simson, called on Europe to “harness geothermal energy’s potential.
Electric Car
Ford to Ramp up EV Offering in Europe, Plans Major Battery Facility in Turkey
Ford Europe’s chair, Stuart Rowley, says “electrification represents the most transformative change in our industry in over 100 years.”
OPEC
Russia-Ukraine War: Develop Gas Infrastructure to Increase Export to Europe
The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to improve Nigeria’s gas infrastructure.
LNG
Europe’s Plan to Quit Using Russian Fuel Starts a Global Fight for Gas
The liquefied natural gas market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the c…
Energy Transition
As EU Leaders Split on Russian Energy Sanctions, Commission Moots 5-year Plan
The European Commission is drawing up plans for the EU to stop importing Russian fossil fuels by 2027, as national leaders disagree on the pace of a pivot to ot…
Natural Gas
Why LNG Won’t Fully Replace Russian Gas in Europe
Europe faces a number of challenges in importing more U.S. LNG.
Crude Oil
Countries and Companies Shun Russian Crude over Ukraine Invasion
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia's …
Rooftop PV System
Europe to Scale up Solar PV Industry
Major solar industry stakeholders gathered in Brussels, under the French EU Presidency, to set out how a renewed European photovoltaic (PV) industry can address…
Oil Price
Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads
The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and c…
Electric Car
How the World’s Big Three Car Markets Fared on Electric Vehicles in 2021
Now that we have the statistical data for the year 2021 complete, it is time for a comparison of the current status of electric vehicle uptake in the three larg…
Coal Price
Coal Prices Likely to Cross $500 per Tonne in 2022, Rystad Energy Says
Coal prices could cross $500 per tonne in 2022, underpinned by soaring gas prices which may lead European countries to turn to coal, Rystad Energy said on Thur…
Crude Oil
Canada Looking at Boosting Oil Pipeline Flows to U.S., Minister Says
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country's natural r…
Crude Oil
Ukraine Crisis Provides 'Renewed Focus' on Gulf Hydrocarbons
Saudi Arabia, Qatar and UAE are all set to capitalise on the realignment of global energy and Europe's diversification of Russian energy supplies.
Nuclear Power Plant
Chernobyl Power Cut, Transmission Lost at Europe's Largest Atomic Plant: IAEA
Power has been cut to the Chernobyl nuclear plant, Ukraine said Wednesday, but the UN's atomic watchdog said there was "no critical impact on safety".
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