oil
Rystad Energy: Investments in renewables in Europe set to surpass oil, gas in 2022
17 October 2022 - The surge in spot electricity prices in Europe decreased the payback period of wind and solar power projects, according to Rystad Energy
Hellenic Petroleum becomes HELLENiQ Energy to move into sustainability era
21 September 2022 - Hellenic Petroleum changed its name to HELLENiQ Energy, saying it wants to leave behind a legacy structure and clear the way for renewables
EU to cap revenue for electricity producers at EUR 180 per MWh
14 September 2022 - Ursula von der Leyen presented measures to bring down power prices including and decouple the dominant influence of gas in the sector
Big Oil’s climate PR strategy is greenwashing, study finds
10 September 2022 - The new Influence Map report shows that the five largest oil companies continue to disseminate...
While Kremlin vows to restore gas supply if sanctions are scrapped, energy traders are reaping record profits
09 September 2022 - The severe dispute between Russia and the West, as always in similar situations, is being used by other countries
Subsidies for fossil fuels doubled in 2021 and continue to increase
05 September 2022 - Support for fossil fuels doubled in 2021 compared to the year before to nearly USD 700 billion, slowing progress toward climate goals
IEEFA: Relying on carbon capture in fossil fuel sector will not work
01 September 2022 - The Carbon Capture Crux – Lessons Learned studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture utilization and storage (CCUS) projects
Energy crisis reality check – petroleum companies make huge profits while others face growing uncertainty
08 August 2022 - Oil companies reported huge profits, and UN Secretary-General Antonio Guterres described such high earnings as "immoral"
Austria to ban gas boilers in new buildings in 2023
15 June 2022 - Austria is phasing out fossil fuels in heating, starting with a ban on the installation of gas boilers in new buildings from next year
First Greek climate law sets deadlines for ban on conventional vehicles
27 May 2022 - Greece's parliament passed the first climate law with more flexible requirements than in the original proposal
EU rolls out plan to cut demand for Russian gas by two thirds in 2022
08 March 2022 - The European Commission outlined a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas
Electricity prices hit record high on SEEPEX – EUR 540 per MWh
07 March 2022 - Brent oil hit USD 139.13 dollars per barrel, the highest since 2008, while Dutch TTF natural gas reached an all-time intraday record of EUR 345 per MWh
Energy firms sue four EU countries for disrupting their fossil fuel projects
23 February 2022 - Five energy companies including RWE seek almost EUR 3.7 billion in damages from the Netherlands, Italy, Poland and Slovenia
OCI: Norway is pursuing an aggressive policy of expanding its oil and gas industries
11 February 2022 - According to Oil Change International (OCI), Norway is pursuing an oil and gas expansion policy and it has awarded 700 exploration permits in the past ten years, while the UK announced it would start exploitation at six fields in the North Sea this year
No oil, gas in first offshore test hole in Montenegro but more drilling ahead
04 February 2022 - Eni and Novatek found no oil or gas after test drilling in the Adriatic Sea offshore Montenegro, so environmentalists are relieved – for now
Reality of energy transition: fossil fuel production to grow at least until 2040
20 October 2021 - Despite the Paris Agreement goals and net zero commitments, fossil fuel producers are on track to significantly boost output through 2040