The COP 21 climate summit in Paris, 2015 EU Energy Policy

Energy industry awaits EU’s revised climate strategy

The EU’s long-term energy and climate strategy is seen as outdated and will have to be revamped to match the ambitions of the 2015 Paris climate summit.

By Andreas Walstad 20 April 2018
EU Energy Policy

EC ups pressure on member states to comply with third package

The European Commission has given eight member states a deadline of two months to implement Third Energy Package legislation, which became legally binding in March 2011.

28 February 2012
Pipelines, Storage & Power

European summits push Nabucco and South Stream forward

OMV hosted a meeting in Vienna on Tuesday between the Nabucco gas pipeline project consortium partners to discuss a reported merger with the Trans-Anatolian Pipeline (TANAP), while rival project South Stream pushes ahead with development of its Slovenian section following a summit in Ljubljana.

28 February 2012
Policy & Regulation

Industry urges UK to take ‘right steps’ in 2012 budget

One of the UK’s main oil and gas trade associations has urged Chancellor George Osborne to take the “right steps” when he announces the budget on 21 March

28 February 2012
Policy & Regulation

PGNiG could get new national gas tariff by end of March

Polish state-owned gas monopoly PGNiG could have a new domestic tariff in place by the end of March allowing it raise commercial gas prices, sources at the national energy regulatory office (URE) told Interfax on Monday.

28 February 2012
Pipelines, Storage & Power

UK storage levels slide by 50%

Storage levels in the UK have fallen by 50% from the level they were in January, on a combination of colder weather and other pressures on supply-demand.

27 February 2012
Companies & Finance

Eni-Snam separation?

The ownership separation of Italian oil and gas major Eni from its gas transmission network Snam Rete Gas may lead to lower gas bills by creating a more competitive market, Economic Development Minister Corrado Passera told Sky TG24 in an interview, a Bloomberg article said on Sunday.

27 February 2012
Exploration & Production

Tamboran eyes European shale - CEO

Australian-based Tamboran Resources recently announced it has discovered 4.4 trillion cubic feet of shale gas in County Fermanagh in Northern Ireland. CEO Richard Moorman tells Interfax what his plans are, and shares his hopes that this project will be his springboard into Europe.

27 February 2012
EU Energy Policy

Deadlock in fuel quality talks as directive sent back to Council

On 23 February, national experts failed to agree on a proposed directive that classifies fossil fuels for transport according to the levels of pollution they cause. The proposal is now being sent back to the EU Council consisting of member states’ environment ministers.

27 February 2012
Pipelines, Storage & Power

Entso-e prepares ground for cross-border cost allocation

The European Association of Electricity Transmission System Operators (Entso-e) will present a new Ten-Year Network Development Plan (TYNDP) this week. The proposal will include a cost-sharing methodology applicable for infrastructure projects of pan-European importance.

27 February 2012
Supply & Demand

UK gas demand at lowest since 1995 - DECC

UK gas demand has fallen to its lowest level since 1995, due to both milder weather and reduced use by generators, according to the Department of Energy and Climate Change (DECC).

24 February 2012
EU Energy Policy

Low carbon prices is not market failure

Matthias Lang, Partner at Law Firm Bird & Bird, is an expert on EU policy and energy. Andreas Walstad spoke to him about the EU’s emission trading system, carbon reduction targets post-2020 and market regulation affecting the energy industry.

24 February 2012
Companies & Finance

E.On announces shortlist for Open Grid sale

Germany's E.On has shortlisted four consortia of institutional investors for the sale of the Open Grid gas pipeline network.

24 February 2012
Pipelines, Storage & Power

Centrica cancels Bain storage project and two CCGT plants

British utility Centrica has decided to cancel its Bains storage project, on the back of seismic survey results, as well as shut down two UK gas-fired power stations as a result of low spark spreads.

24 February 2012
Exploration & Production

Could Neptun be the first in a Black Sea boom?

There was an unexpected announcement at OMV’s annual results press conference in Vienna on Wednesday as Chief Executive Gerhard Roiss revealed significant success at an offshore reserve in the Black Sea, one of Europe’s final frontiers for hydrocarbon exploration.

23 February 2012
EU Energy Policy

EU faced with deadlock in energy efficiency debate

The European Commission has threatened to withdraw its proposal for a new Energy Efficiency Directive if member states continue to oppose both binding national efficiency targets and a set of binding measures which the EU’s executive outlined in the draft law, according to the minutes of last week’s meeting of EU energy ministers.

23 February 2012
Exploration & Production

Could Neptun be the first in a Black Sea boom?

There was an unexpected announcement at OMV’s annual results press conference in Vienna on Wednesday as Chief Executive Gerhard Roiss revealed significant success at an offshore reserve in the Black Sea, one of Europe’s final frontiers for hydrocarbon exploration.

23 February 2012
Pipelines, Storage & Power

European TSOs buy up Eni interests

Transmission system operators Snam and Fluxys unveiled plans to buy Italian company Eni’s interests in the Interconnector (UK) pipeline, the Interconnector Zeebrugge terminal and Huberator, the operator of the Zeebrugge gas trading hub

23 February 2012
EU Energy Policy

EU Council calls for end to fossil fuel subsidies

The European Council – seen as the most powerful of EU institutions – has reiterated calls for member states to phase out fossil fuel subsidies

22 February 2012
Companies & Finance

OMV’s profits rise despite global turmoil hitting production

Austria's OMV released its financial results at a press conference in Vienna on Wednesday morning announcing a sharp rise in profits in addition to drilling success at the Neptun exploration license in the Black Sea, described as a welcome return for the company's new 'high risk, high reward' exploration strategy outlined last year.

22 February 2012
Companies & Finance

What’s the ‘super’ in ‘supermajor’?

Humility and humour are in plentiful supply at one of the oil and gas industry’s marquee events in London.

22 February 2012

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