World’s biggest oilfield contractors are quitting future Russia works
The world’s three biggest oilfield service providers are halting future work in Russia, in response to President Vladimir Putin’s invasion…
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OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
OMV, an investor in the Nord Stream 2 project, convened the crisis team on Monday
OMV held a meeting of the crisis team on Monday, a spokesman for the Austrian energy group announced, Reuters reports,…
Western firms head for the exit in Russia as sanctions tighten
Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies…
The price of natural gas is rising, amid declining production and more expensive imports
Romania’s natural gas production fell below 9 billion cubic meters (bcm) in 2020, to its lowest level since 1970, since…
EU set to deny gas power plants a green investment label
Power plants fuelled by natural gas will not be classed as a sustainable investment in Europe, unless they meet an…
Energy and industry companies team up to launch Germany’s first hydrogen network
Germany’s largest energy company RWE, together with oil company BP, chemicals producer Evonik and gas grid operators have announced the…
European markets closed on Monday at the lowest level in the last eight months
European markets have closed at the lowest level in the past eight months, after a significant decline in oil prices…
Danish pension fund excludes top oil firms from portfolio
Danish pension fund MP Pension said on Tuesday it would sell its stakes in 10 of the world’s biggest oil…
BP: Romania’s hydro energy production increased by 21.2% last year
Romania’s hydro power production grew 21.2% last year, compared to 2017, to 4 million tons of oil equivalent (toe), according…
BP: Romania was the fourth largest producer of oil in the EU last year
Romania was last year fourth in the European Union in terms of oil production, with 3.6 million tonnes, down 2%…
Renewable energy will be world’s main power source by 2040, says BP
Green sources will be the world’s main source of power within two decades and are establishing a foothold in the…
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits…
BP confesses ‘mistake’ in forecasting renewable energy growth
When oil and gas major BP published its 2018 Energy Outlook last February, the group’s chief executive underlined in the…
Austrian energy group eyes blockchain with Vienna test
Wien Energie, the largest energy supplier in Austria, is testing a range of blockchain use cases in anticipation of rolling…
Shell buying spree cranks up race for clean energy
Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power…
Big Oil flush with cash again, but no party yet
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade…
Shell, BP among energy giants to back blockchain trading platform
Several major energy firms are partnering on a new blockchain-based trading platform. BP, Shell and Statoil are backing the platform,…
Shell, BP climate disclosures ‘just a marketing tool’, says ShareAction
Kyla Mandel, DeSmog Two years after BP and Shell shareholders resoundingly passed resolutions requiring the oil majors to factor climate…
The $40 billion TAP pipeline project stumbles on an Italian olive orchard
Developers of a strategic pipeline bringing central Asian gas into Europe say they will start in a few days to…
