oil
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
Fossil fuel firms sue countries over climate, environmental action
20 September 2021 - Fossil fuel companies are suing countries around the world, seeking more than EUR 15 billion in damages over climate, environmental action.
Syrian oil spill threatens Cyprus, Turkey
01 September 2021 - A giant patch of oil from a leak in a Syrian energy complex is currently moving away from Cyprus as the wind changed direction
G20 countries directed more funds to fossil fuels projects than to renewables
10 August 2021 - Since the beginning of 2020, the G20 countries have committed at least USD 296 billion for fossil fuels and USD 227 billion for renewables.
IPTO completes Crete-Peloponnese power link – Crete to burn less oil to produce electricity
21 May 2021 - This first interconnection between Crete and the mainland will cover a third of the island’s energy needs, substituting aged local power plants.
Montenegro to let people decide on offshore oil after exploratory drilling
24 March 2021 - After environmentalists protested and a warning from auditors, the Government of Montenegro said oil can be discussed only after exploratory drilling
Investments of USD 131 trillion needed by 2050 to limit global warming
17 March 2021 - IRENA says planned investments in green energy and new solutions must jump 30% to USD 131 trillion to hold the rise in temperature under 1.5 degrees