A cooling tower at the EDF power station in West Burton, UK. Global Markets

EU vote marks new dawn for power markets

The European Parliament’s energy committee has supported key power sector reforms paving the way for a shake-up of market rules beyond 2020.

By Andreas Walstad 22 February 2018
Policy & Regulation

EU calls for global cooperation on nuclear safety

The European Commission has called on the international community to strengthen safety measures at nuclear power plants and for cross-border cooperation in the wake of the Fukushima accident in Japan.

27 March 2012
Policy & Regulation

Renewables action casts further doubt over targets

The failure of three member states to notify the Commission that they have incorporated the EU directive on renewable energy into national law has cast further doubt over the EU’s binding renewables targets for 2020.

27 March 2012
Exploration & Production

Estimates downgrade won't affect Polish shale prospects

Last week’s estimate downgrade on Polish unconventional gas reserves will not hamper the pace of development at sites in the Baltic and Lublin basins, with delegates meeting in Warsaw at the Unconventional Gas and Oil Summit todaythis morning echoing a new maxim: 'you only know once you drill'.

27 March 2012
Pipelines, Storage & Power

MOL to ready to sell Nabucco stake - Chairman

MOL is ready to sell its stake in the Nabucco pipeline project over project management concerns, Chairman Zsolt Hernadi said on Thursday, according to Reuters. “We have signalled that we are ready to sell our shares if necessary... we had to send a very strong signal now that we are not willing to finance this any longer,” Hernadi said, accordi

26 March 2012
Exploration & Production

Gas leak shuts down Total's Elgin platform

The UK’s Elgin field, operated by French major Total, was closed on Sunday and all staff evacuated because of a gas leak.

26 March 2012
Companies & Finance

BP denies North Sea sell-off rumour

BP has “no intention” to sell North Sea oil assets worth £2 billion ($3.2 billion) as reported in the weekend press, Interfax has learned.

26 March 2012
Exploration & Production

UK shale industry could offer 50,000 jobs according to former BP chief

The growing UK shale gas industry could create 50,000 jobs, according to Lord Browne, former BP chief, in an interview with The Independent.

26 March 2012
EU Energy Policy

Renewables communication sparks market-functioning debate

The drafting of a European Commission communication on a binding renewable energy target for 2030 has provoked an intense internal debate on the possible dangers prolonging EU target-driven national renewable subsidy schemes could pose to a competitive internal energy market, a Commission source has said.

26 March 2012
EU Energy Policy

Commission insists on Hungarian TSO’s ownership unbundling

The European Commission will reject a possible Hungarian application to exempt its new gas transmission system operator from ownership unbundling provisions in the Third Energy Market Liberalisation Package, an EU source has told Energy Monitor.

26 March 2012
EU Energy Policy

CCS uncertainty jeopardises EU climate targets

The EU’s ambitious climate targets for beyond 2020 are only achievable with carbon capture and storage technology, but there is growing scepticism it will be commercially viable on a large scale.

23 March 2012
Global Markets

Merging markets: connecting Germany and Austria

Parts of Germany and Austria could soon form a single gas trading market, if negotiations to connect the Alpine regions of Tirol and Vorarlberg with the NetConnect Germany (NCG) network come to fruition this year.

23 March 2012
Exploration & Production

Snam to bid for Romana Gas licence

Italian gas grid company Snam is to be the sole bidder for the licence to manage Rome’s gas distribution network, the Romana Gas licence, according to a Reuters report on Thursday.

23 March 2012
Exploration & Production

Providence’s Barryroe well exceeds expectations

Providence Resources’ Barryroe well offshore Ireland has far exceeded oil and gas expectations in its final drilling phase.

23 March 2012
Exploration & Production

BP gets OK for UK deepwater drilling

BP has been given the go-ahead by the British Government to drill a well in the West of Shetlands area of the North Sea, following approval delays caused by the 2010 Gulf of Mexico disaster.

23 March 2012
Companies & Finance

EU to decide on funding for Ukrainian gas pipeline modernisation in June-July

Gunter Oettinger, the European Union's energy commissioner, has said he hopes international financial institutions will make the decision to invest in the modernisation of the Ukrainian gas transport system (GTS), specifically the first stage of the reform, in June or July.

23 March 2012
Policy & Regulation

UK budget delivers tax relief to boost oil and gas industry

The UK budget, announced on Wednesday, won support from the UK energy community by offering greater certainty over decommissioning projects the potential for billions of pounds of new investment following extensions to field allowances.

22 March 2012
EU Energy Policy

TSOs, EC discuss harmonisation of phase-shifter use

More EU-level harmonisation is needed for the use of phase shifting transformers (PSTs) that transmission system operators (TSOs) install on their power grid in order to control unscheduled electricity flows – mainly from renewables – at their borders, Tahir Kapetanovic, an expert at Austrian Power Grid said on Monday.

22 March 2012
EU Energy Policy

EP keeps up pressure for setting aside excess ETS allowances

The European Commission needs to be bold enough to table a formal proposal for setting aside excess emissions credits in the next phase of the EU’s carbon emissions trading scheme (ETS), Matthias Groote, president of the European Parliament’s Environment Committee told a conference on Tuesday.

22 March 2012
Supply & Demand

The future of gas remains flexible

Joseph Dutton, a research associate at the Global Gas Security Project at the University of Leicester, discusses the shift in the gas industry to address the needs of an increasingly global and flexible energy market.

21 March 2012
Pipelines, Storage & Power

Spanish underground storage capacity to increase by 80%

Two gas storage projects, Yela and Castor, are due to come onstream in Spain in the next couple of months. But will it be enough to bring the country up to speed with its European neighbours?

21 March 2012

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