energy

PARIS – European forward power prices fell further on Friday, with sanctions against Russia for its invasion of Ukraine yet to have an immediate impact on energy supplies. [NG/EU][O/R] The …

By Kate Abnett BRUSSELS – The European Parliament’s lead negotiator has proposed tougher EU targets to reduce energy use this decade, which he said would help cut Europe’s dependence on …

KYIV – Ukraine, with a population of 41 million, is one of the largest energy consumers in Europe and is also a key transit country for Russian gas to Europe. …

MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation is under control” following Russia’s …

BERLIN – Germany can guarantee security of supply even without Russian gas or oil, Economy Minister Robert Habeck said on Thursday. “We will have to buy more gas, but also …

– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in …

BERLIN – Germany’s coalition parties agreed on Wednesday a roughly 13 billion euro package of measures to help households cope with surging energy prices, including scrapping a surcharge levied on …

A top Russian government official warned that energy costs would skyrocket in Europe after Germany halted certification of the Nord Stream 2 pipeline Tuesday. “German Chancellor Olaf Scholz has issued …

MOSCOW – Russia’s Energy Minister considers the oil price of between $55-70 a barrel as ‘optimal’ for the market, according to an interview published on Tuesday. Oil hit its highest …

WASHINGTON, D.C. – Vice President Kamala Harris is warning Americans to brace for even higher energy costs as the crisis between Ukraine and Russia continue into the spring. Last week, …

By Isla Binnie MADRID – The European Union will consider whether to require member states to fill their natural gas storage to prescribed levels, a senior official said as the …

By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in …

By Joseph Nasr BERLIN – Germany and the United States clashed on Friday over whether nuclear power should be part of the energy mix as rich countries race to cut …

BEIJING – Huawei Technologies will spend 4 billion yuan ($632.52 million) to build a new headquarters and R&D centre for its digital power unit, according to local media reports, as …

LONDON – Centrica’s British Gas said on Thursday it will raise its standard variable tariff from April 1 in line with energy market regulator Ofgem’s price cap increase. Earlier this …

– Oil and gas producer Crescent Energy said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately …

By Timothy Gardner WASHINGTON – The U.S. Department of Energy said on Friday it is seeking input from utilities, communities and advocates as it develops its new program to boost …

A former Keystone XL Pipeline worker, who was laid off after President Joe Biden canceled the project in 2021, slammed the president Wednesday for prioritizing green energy programs. Neil Crabtree, …

By Bartosz Dabrowski -Linde, the world’s largest industrial gas company, is targeting 10%-13% growth in adjusted earnings per share (EPS) in 2022, after reporting better-than-expected fourth-quarter earnings on Thursday. The …

By Ron Bousso and Nerijus Adomaitis LONDON – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure …

By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax profits, joining European rivals in …