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…
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Norway’s €2.1bn carbon-capture mega-project gets approval
The Norwegian government’s decision to fund the scale-up of carbon-capture-storage (CCS) technology with more than €2 billion got the green…
Total to build France’s largest battery
Energy major Total has lifted the lid on a project that aims to construct the largest battery storage facility in…
OMV Petrom will pay 27 mln. euro to the parent company for participation in the Han Asparuh perimeter in Bulgaria
OMV Petrom will pay OMV Exploration & Production about 27 million euro for the acquisition of the shares held by…
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…
Climate change protesters descend on France’s SocGen, energy companies
Climate activists blocked thousands of employees from entering the headquarters of French bank Societe Generale, state-run utility EDF and oil…
The Bulgarian government extends the exploration license in the Black Sea of OMV, Total and Repsol
The exploration license for the Han Asparuh 1-18 perimeter of the Black Sea, owned by OMV, the main shareholder of…
MOL and Total joined forces to extend their fuel cards acceptance network in Europe
MOL and Total signed an agreement which will make travelling across Europe easier for their corporate customers. The agreement provides…
Total has ‘Uber-like’ ambitions to shake up French power market
Total’s French retail electricity arm is on track to win 700,000 customers this year, challenging former state monopolies EDF and…
French oil giant Total starts third drilling for gas and oil off Bulgarian coast
French oil giant Total and its partners Austria’s OMV and Spain’s Repsol have started drilling a third well in a…
Denmark’s Maersk to spin off drilling
A.P. Moller-Maersk said it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest…
Weak Turkish lira may favour SOCAR expansion plan
SOCAR wants to reach a 20% share of Turkey’s gas market, and the country’s recent economic woes are likely to…
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…
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…
Greece gets interest for new offshore oil and gas tenders: licensing body
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted “strong interest” from companies…
Total, Eni, Statoil seek buyers for North Sea Teesside terminal
Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives…
European energy giants form carbon storage alliance
Statoil, Shell and Total have formed a partnership that will see the three European energy companies develop a carbon storage…
Big Oil back on the acquisition trail as outlook brightens
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and…
Total signs first post-sanctions Western energy deal with Iran
France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming…
Oil majors join forces in climate push with renewable energy fund
Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to…
CGT union strike tests the resistance of French energy system
Proposals to amend the Labour Code in France were faced by employees in strategic sectors with protests held over several…