ExxonMobil unveils huge Cypriot gas find
Policy
US fossil fuel giant ExxonMobil says it has discovered a huge natural gas reserve off the coast of Cyprus, according
Archive for February 2019
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ExxonMobil expected to unveil big Cypriot field
Policy
US fossil fuel major ExxonMobil is expected to announce its drilling campaign off southern Cyprus has uncovered another large discovery
EU opens way for Nord Stream completion
Consumption
The Nord Stream 2 pipeline to export Russian gas to Germany looks set for completion after a deal for the
Egypt eyes future as gas hub
Policy
This month’s Egyps 2019 oil and gas conference in Cairo saw Egyptian petroleum minister Tarek El Molla hail the county’s
Oil prices forecast to rise amid Saudi cuts
Consumption
Global oil prices are being forecast by Goldman Sachs to rise by as much as 12 per cent as Saudi
Germany launches battery subsidy package
Storage
The German Federal Ministry for Economic Affairs and Energy (BMWi) has announced a subsidy programme for battery production with bids
Saudis sign $10bn refinery deal with China
Policy
Saudi Crown Prince Mohammed bin Salman and Chinese President Xi Jinping have signed a US$10-billion joint venture to develop a
No deal Brexit threatens French gas security
Opinion
As the clock ticks to March 29, the deadline for the United Kingdom to reach a deal to exit the
Germany hopes imports will bridge power gaps
Industry
Germany will rely on power imports and it abandons coal and nuclear energy before 2038, according to Thomas Bareiss, Berlin’s
Poland eyes €1bn homegrown electric car plant
Storage
State-owned Polish energy companies are due to launch a €1-billion factory producing electric vehicles, the Dziennik Gazeta Prawna reported. Most
EU wind-power investment slumps: NGO
Environment
The European wind industry brought online 11.7 gigawatts (GW) of wind power capacity last year, down 32 per cent in
EU leaders scramble to lower bills ahead of May elections
Policy
European citizens face higher energy bills this year as wholesale and environmental costs rise, amid fears the issue could boost
Germany to obey EU Nord Stream rules: Altmaier
Policy
Russia and Germany are in talks over how the Nord Stream 2 pipeline should adapt to an EU deal on
US oil exports set new record
Consumption
The US exported a record amount of crude oil last week after increasing for a fifth straight week, amid rising
Shell buys German battery pioneer
Storage
Royal Dutch Shell has agreed to acquire a 100-per-cent stake in Sonnen, a German domestic energy storage provider, for an