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Moody's changes Shell's outlook to negative

- Negative outlook reflects impact of collapsing oil prices on Shell's financial profile in 2020, rating agency says

02.04.2020 Upstream , Invesments , International Organization , Europe

Production of wind components must continue: WindEurope

- Wind energy covers around 15% of Europe’s electricity and EU aims 50% by 2050

01.04.2020 Wind , Projects , Renewable , Energy Projects , Europe

EU power suppl. delay payments for vulnerable consumers

- European power sector calls EU institutions to take necessary measures to help energy companies

01.04.2020 Electricity , Europe

New EU efficiency rules regulate external power supplies

- European consumers will be able to save on their household bills, help reach EU-wide energy savings and reduce emissions.

01.04.2020 Electricity , Europe

Norway's Equinor raises Johan Sverdrup phase oil target

- Break-even price for the full-field development is below $20 per barrel, company says

31.03.2020 Oil , Energy Projects , Europe

Polish gas firm wins price dispute case against Gazprom

- Russian company will pay $1.5 billion to Polish state gas company

31.03.2020 Natural Gas , Europe

Norway offers oil firms 36 blocks in Norwegian Sea

- New acreage is located in west of Norwegian Sea

30.03.2020 Oil , Europe , General

Siemens Gamesa secures onshore turbine in Sweden

- Turbines will operate up to 6.2 MW capacity, producing record high annual energy, company said

30.03.2020 Wind , Europe

EU needs united action against COVID-19, experts urge

- EU faces existential, economic crisis as coronavirus has so far claimed over 27,700 lives worldwide

28.03.2020 Finance , Europe

Fitch downgrades UK’s rating with outlook negative

- Rating agency says downgrade reflects weakening of UK’s public finances caused by COVID-19

28.03.2020 Finance , Europe

Spain: February LNG exports soar year-on-year

- Country’s exports rose 6.9 terawatt-hours (TWh) to 19.3 TWh in February

28.03.2020 Lng/Lpg , Europe , General

European electricity demand declines by 7%

- UK is least affected, Italy reduced its demand by 20% over past 2 weeks

27.03.2020 Electricity , Europe

Vestas secures 68 MW auction win in Poland

- Deliveries are expected to begin in first quarter of 2021

27.03.2020 Wind , Europe , General

EU leaders clash over economic response to COVID-19

- Disagreement remains over idea of issuing common debt despite need for action

27.03.2020 Energy Diplomacy , Europe , General

Turkey slams Greece for maritime jurisdiction statement

- Greek statement on Turkish maritime jurisdiction areas 'unfortunate, misleading', says Foreign Ministry spokesman

27.03.2020 Energy Diplomacy , Europe

Europe's gas stocks at record high at end of winter: EIA

- Natural gas stock levels in January and February were highest ever recorded for those months

27.03.2020 Downstream , Europe

Nordic's biggest coal plant demolished to ground level

- Fortum's 1,000-megawatt Inkoo power plant was commissioned during 1974-1978

26.03.2020 Coal , Europe

Netherlands records 1.2% more CO2 emissions in 4Q19

- Rise in emissions was mainly due to higher output by energy companies, according to Statistics Netherlands (CBS)

26.03.2020 Renewable , Europe

Nine EU leaders call for new eurobonds amid pandemic

- France's, Italy's and Spain's leaders, among others, argue for common debt instrument to cover coronavirus spending

26.03.2020 Finance , Europe

Nordex receives 400 MW wind turbine order from Norway

- Oyfjellet wind farm will meet needs of an aluminium production plant and local demand in nearby Mosjoen

26.03.2020 Renewable , Wind , Europe

Equinor launches $3 billion plan to strengthen finance

- Equinor in a strong financial position to handle market volatility and uncertainty, says CEO

26.03.2020 Finance , Europe , General

Stay-at-home can put £52M a week more on UK energy bill

- New research finds an additional 25% more electricity and 17% more gas usage is expected in UK due to coronavirus

26.03.2020 Electricity , Europe

Barclays lowers 2020 oil price forecast by $12 a barrel

- Brent crude estimated to average $31 per barrel this year

25.03.2020 Downstream , Stock Market , Europe

Equinor suspends share buy-back program due to Covid-19

- Norwegian company additionally starts to implement measures to reduce operating costs, capex and exploration expenditure

24.03.2020 Finance , Europe , General

Siemens presents UK's first converted 'Electric Avenue'

- Sutherland Avenue is UK's first residential avenue that will provide 24 electric vehicle charging points in lampposts

24.03.2020 Electricity , Europe , General

Vestas secures 47 MW wind order in UK

- Delivery of turbines in 3.6 MW operating mode to maximize energy production expected to begin in the second quarter of 2021

24.03.2020 Wind , Europe , General

Nordex expects rise in sales but warns of COVID-19 risk

- Company's business performance in 2020 is subject to significant uncertainty against backdrop of COVID-19, Nordex says

24.03.2020 Renewable , Wind , Europe

Can North Sea survive oil price rout?: WoodMac explains

- Quickest win is to reduce operational expenditure, says expert

24.03.2020 Oil , Finance , Europe , General

Total to release urgent action plan for low oil prices

- Total aims to combat low oil prices due to coronavirus outbreak

24.03.2020 Oil , Refining/Petro Chemistry , Europe

European energy storage market stalls in 2019

- More support needed to expand energy storage market and avoid yearly fluctuations, new study finds

24.03.2020 Electricity , Reports , Energy Diplomacy , Europe

Norway's petroleum sales decrease in January

- Country's total sales volume of petroleum products in December down 2% year-on-year to 569 million liters

23.03.2020 Oil , Europe , General

Total expands in wind with new acquisition in France

- Total’s gross low-carbon power generation is close to 7 gigawatts, of which over 3 gigawatts is from renewable energy

23.03.2020 Wind , Europe , General

Price dip sends oil, gas sector to crisis mode: WoodMac

- Large new projects will be put on hold, exploration will be trimmed, energy consultancy says

24.03.2020 Upstream , Projects , Europe

Italy sees huge power consumption fall due to COVID-19

- Italy's electricity consumption drops by 19.5% between March 16-20 compared to same period last year, data shows

24.03.2020 Electricity , Europe

Latvia's electricity production up 15.1% in Jan-Feb '20

- Latvia consumes 1,281 GWh of electricity in January-February 2020

23.03.2020 Electricity , Europe , General

Italy stops unnecessary production amid pandemic

- Prime minister says Italy faces worst crisis since World War II

23.03.2020 Finance , Europe , General

Rolls-Royce, EUAS International ICC to coop. in SMRs

- Parties will carry out a study to evaluate technical, economical and legal applicability of small modular reactors

22.03.2020 Nuclear , Turkey , Europe

Vestas wins two wind turbine orders in Denmark

- Turbine deliveries are expected from end of 2020 and second quarter of 2021

20.03.2020 Wind , Europe , General

Oil giant Total enters floating offshore wind segment

- Company's step is in line with strategy to develop renewable energy

19.03.2020 Wind , Europe

Corona, low oil prices to affect Equinor in longer term

- It will be necessary to take forceful action to reduce risk, protect business and operations, says CEO

19.03.2020 Oil , Finance , Europe , General

Turkey, Germany, France, Britain hold teleconference

- 4 countries discuss possible joint coronavirus measures, as well as other developments

18.03.2020 Energy Diplomacy , Turkey , Europe

Turkish FM slams Greece for violating international law

- Greece has suspended EU, international law by 'behaving inhumanly' against asylum seekers, says Mevlut Cavusoglu

06.03.2020 Energy Diplomacy , Energy Security , International Relations , World , Europe , Americas

Vestas wins 201-megawatt wind order in China

-Project delivery expected in third quarter of 2020

04.03.2020 Wind , Europe , Asia , General

12 EU member states call for speedy 2030 climate plan

- Signatories expect enhancement in plan by June

05.03.2020 Renewable , Regulation , Europe

Norway's sovereign fund invests over $800M in Turkey

- As at the end of December 2019, fund has over $800B in investments in 53 different Turkish firms, including six in energy

05.03.2020 Natural Gas , Invesments , Turkey , Europe , General

Russia's Gazprom to drop gas prices by 40% for Bulgaria

- Bulgarian Prime Minister Boyko Borisov announces Gazprom's large discount

03.03.2020 Natural Gas , Finance , Europe , Eurasia , General

Fortum head official Lundmark to become Nokia's new CEO

- Lundmark is expected to start in his new role on Sept. 1, 2020

04.03.2020 Finance , Europe , General

Brent oil heads for biggest weekly decline in 4 years

- Benchmark to post largest weekly loss since January 2016

29.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia , Americas

Rystad revises down oil price forecast amid coronavirus

- Downside risk to oil prices unless minimum 1 million bpd of oil removed from market, research firm says

29.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia

Oil posts losses as virus worries cause low demand

- Oil consumption in Asian and European countries expected to remain low due to weak economic activity in first half of 2020

29.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia

Norway wealth fund earns record $180 billion in 2019

- Norway’s fund makes 19.9% return on investment last year, earning highest annual return in kroner in fund's history

28.02.2020 Invesments , Stock Market , Europe , General

Oil prices hit 14-month low with coronavirus fears

- Brent oil price hits lowest level since Dec. 28, 2018

28.02.2020 Downstream , Stock Market , International Organization , Europe , Asia

Italy's Saipem beats all financial targets for 2019

- Oilfield services firm reports positive financial results for 2019

27.02.2020 Finance , Europe , General

Oil prices remain low with coronavirus spread

- Coronavirus spreads to more than 30 other countries, keeping global oil demand low

27.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia

EU adopts Brexit trade talks mandate

- EU ministers give green light for starting trade negotiation with UK for next phase of Brexit

26.02.2020 Finance , Energy Diplomacy , Europe

RWE, Saitec to test offshore wind farms in deep waters

- The partners will start testing a floating platform for wind turbines off the Spanish coast in 2021

27.02.2020 Renewable , Wind , Europe

Equinor to stop exploration in Great Australian Bight

- Norwegian company abandons plans to drill for oil in Bight

25.02.2020 Oil , Europe , General

SOCAR, Snam to study renewable gas development

- The deal covers potential delivery of sustainable energy sources through the Southern Gas Corridor in the future

21.02.2020 Natural Gas , Renewable , Europe , Eurasia

EU leaders prepare for long budgetary talks

- Leaders gather in Brussels to discuss bloc’s next seven-year budget amid deep tension

21.02.2020 Finance , Europe , General

TurkStream moves 500 mcm of gas to Europe via Turkey

- On Jan. 8, presidents of Russia and Turkey held a grand opening ceremony for TurkStream pipeline in Istanbul

20.02.2020 Natural Gas , Turkey , Europe , General

Eni announces new oil discovery offshore Mexico

- According to preliminary estimates, Saasken discovery may contain between 200-300 million barrels of oil in place

18.02.2020 Oil , Europe , General

EU invests over €100 million in climate neutrality

- The fund will be used in 10 large-scale environmental and climate projects in nine EU member states

18.02.2020 Invesments , Europe

Hydro provides 90.1% of Norway's power in January

- Norway produces 13.34 terawatt-hours of electricity in January

18.02.2020 Hydro , Europe , General

Siemens raises stake in Gamesa Renewable for $1.2 bln.

- Company now owns majority 67.1% stake to raise scale in wind energy and fight climate change

15.02.2020 Renewable , Wind , Hydro , Europe

BP aims to achieve net zero carbon emissions by 2050

- Measures include achieving net zero emissions in operations, oil and gas production, and reducing methane intensity by 50%

14.02.2020 Coal , Energy Projects , Europe

Macron invites renegade Libyan commander to France

- French official presents invitation from president to Haftar during meeting in Benghazi

13.02.2020 Energy Diplomacy , Europe , Middle East-Africa

Turkish, Greek defense ministers meet in Brussels

- Talks between delegations from Turkey and Greece will be held later this month

13.02.2020 Energy Diplomacy , Turkey , Europe

Ex-UK minister lobbied Bahrain for suspect oil company

- British company Petrofac under investigation for bribery but its co-founder key donor to UK's ruling party

11.02.2020 Oil , Europe , Middle East-Africa

British LNG carrier arrives in Turkey

- British LNG vessel reaches Turkey on Monday

11.02.2020 Natural Gas , Upstream , Shale/Unconventional , Lng/Lpg , Energy Diplomacy , Energy Projects , Europe

British LNG vessel to arrive in Turkey on Feb. 9

- Vessel is sailing under flag of United Kingdom

09.02.2020 Lng/Lpg , Turkey , Europe

Fortum's EBITDA increases 16% in 2019

- Fortum's comparable earnings before interest taxes increase by 16% to €1.77 billion in 2019

07.02.2020 Finance , Europe , General

Equinor to reduce net carbon intensity by 50% by 2050

- Equinor aims to increase production capacity from renewable projects

06.02.2020 Natural Gas , Europe , General

Equinor's profit slightly falls due to low prices in '19

- Norwegian company's net operating income down by 54% to $9.23 billion in 2019

07.02.2020 Finance , Europe

Wind and solar surpass coal in EU electricity in 2019

- Wind and solar provided 18% of total EU electricity generation last year, while coal provided 15%

06.02.2020 Coal , Wind , Solar , Europe

Shell, Equinor buy Schlumberger's stake in Argentina

- Partners buy Schlumberger's 49% stake in Bandurria Sur

04.02.2020 Finance , Europe , Americas , General

BP increases hydrocarbon production in 4Q19

- Underlying replacement cost profit falls 25.7% in final quarter, declines 21.2% for full year of 2019

05.02.2020 Upstream , Invesments , Europe

Norway's Equinor leaves Thrace partnership with Valeura

- Valeura provides update on partner participation in deep gas appraisal program

05.02.2020 Natural Gas , Turkey , Europe , General

EU sets conditions for trade with UK

- European Commission unveils draft negotiation mandate on economic, security cooperation after Brexit

04.02.2020 Finance , International Relations , Europe

Vestas secures 155 MW wind order in Sweden

- Turbine deliveries are expected to begin in second quarter of 2021

03.02.2020 Wind , Europe , General

Hydro provides most of Norway's power in December 2019

- Norway produces 12.37 terawatt-hours of electricity in December 2019

04.02.2020 Electricity , Hydro , Europe , General

Turkey rebukes Italy over comments on East Med

- Turkish Foreign Ministry urges all EU members including Italy to stop ignoring Turkish Cypriots

31.01.2020 Natural Gas , Turkey , Europe

French authorities, NGOs sue Total for climate change

- Lawsuit marks first climate change litigation against a company in France

31.01.2020 Oil , Energy Security , Europe

Lundin Petroleum aims to become carbon neutral by 2030

- Company also wants to change name to Lundin Energy AB

27.01.2020 Oil , Renewable , Europe , General

Should EU, littoral countries review policies in E Med?

- Ankara’s equality-based approach in energy-rich region can benefit even those excluding Turkey, experts argue

27.01.2020 Natural Gas , Europe

Iran nuclear deal meeting postponed until February

- Parties committed to preserving deal but experts need more time to prepare

26.01.2020 Nuclear , Europe , Americas , Middle East-Africa

'Turkey ready to revive dialogue channels with Greece'

- Foreign Ministry spokesman’s remarks come as response to questions on disarmed status of Aegean islands

26.01.2020 International Relations , Turkey , Europe

BP pulls out of Iraq's Kirkuk oilfield

- BP's study results were not encouraging enough for the company to extend its operations, Iraqi spokesperson says

25.01.2020 Oil , Europe , Middle East-Africa

EU's renewable share up by 0.05% year-on-year in 2018

- Twelve member states reach equal share to or above their 2020 target

23.01.2020 Renewable , Turkey , Europe

Renewables in transport in EU up year-on-year in 2018

- Sweden shows highest share of energy from renewable sources in transport by far in 2018

23.01.2020 Renewable , Transportation/Fuel Oil , Europe

Greenhouse gas emissions from waste fall by 42% in EU

- Waste sector is the fourth-largest source of emissions, according to Eurostat

24.01.2020 Renewable , Europe

EIB loans €27M to Spain's Arteche for power innovation

- Arteche Group will focus on development of new technologies, solutions and products for the electric power industry

23.01.2020 Electricity , Invesments , Europe

Boost in renewable gas in transport needed across EU

- Three associations call on EU to accelerate efforts for full net-zero emissions mobility by 2050

23.01.2020 Natural Gas , Renewable , Transportation/Fuel Oil , Europe

Norway's petroleum sales decrease in December 2019

- Country's total sales volume of petroleum products in December down year-on-year by 1.7% to 588 million liters

20.01.2020 Oil , Europe , General

Italian FM doubts EastMed pipeline project feasible

- EastMed project cannot be option in medium-, long-terms in terms of cost, construction process, says Italian top diplomat

20.01.2020 Natural Gas , Energy Diplomacy , Turkey , Europe

Berlin talks to seek political solution to Libya crisis

- Germany seeks stronger commitment from regional actors for cease-fire, weapons embargo

18.01.2020 Energy Diplomacy , Europe , Middle East-Africa

Spirit of Davos 2020: Reshaping capitalism for fairer world

- 50 years on, World Economic Forum aims to set moral principles, guide companies in 4th Industrial Revolution age

17.01.2020 Finance , Projects , World , Europe

Massive blast at chemical plant in Spain leaves 1 dead

- At least eight people injured, one in critical condition

15.01.2020 Energy Security , Europe , General

Volkswagen boosts electric car deliveries by 60% in '19

- More than half of 80,000 deliveries last year were all-electric vehicles, the German automaker says

14.01.2020 Electricity , Transportation/Fuel Oil , Europe

Europe needs legislation to speed up coal phase-out

- Europe's coal phase-out could take a decade or longer for most countries if legislation is not factored in, study reveals

11.01.2020 Coal , Europe

TurkStream gas pipeline launches in Istanbul

- Energy and Natural Resources Minister Fatih Donmez calls the project 'visionary' and 'new symbol of cooperation'

11.01.2020 Downstream , Energy Projects , Turkey , Europe , Eurasia

Danish firm to produce wind equip. with Turkish partner

- The joint venture company "Resolux Turkey" will begin production of wind turbine tower internals by end of January

08.01.2020 Renewable , Wind , Invesments , Turkey , Europe

Putin, Merkel to meet in Moscow to discuss Middle East

- German chancellor to travel to Russia on Jan. 11 in wake of killing of top Iranian commander by US drone strike in Iraq

08.01.2020 Energy Diplomacy , Europe , Eurasia , General

EastMed gas pipeline 'political project': Expert

- Academic says EastMed project not 'viable', economically 'very expensive'

03.01.2020 Natural Gas , Turkey , Europe , General

Russia and Ukraine sign deal for gas transit to Europe

- Deal is sealed before current agreement expires on December 31

31.12.2019 Europe , Eurasia , General

Hydro provides most of Norway's power in November

- Norway produces 12.86 terawatt-hours of electricity in November

30.12.2019 Electricity , Europe , General

US renews sanctions on Iran amid coronavirus

Rosatom keeps building nuke plants abroad amid pandemic

12 US states generate over 30% of their elec. from nuke

Russia makes reactor coolant pipeline bends for Akkuyu

Spot market electricity prices for Tuesday, April 7

Turkey's daily power consumption down 8.7% on April 5

Spot market electricity prices for Saturday, April 4

Turkey's daily power consumption down 0.88% on April 2

Spot market electricity prices for Saturday, April 4

Denmark marks record-low coal consumption in 2019

SSE, RWE close UK coal-fired plants before 2025 ban

Turkey: Mining sector sets sights on $5B export goal

Spot market natural gas prices for Sunday, April 5

Spot market natural gas prices for Monday, March 16

Spot market natural gas prices for Friday, March 13

Saudi Aramco gets approval for major natural gas field

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Tuesday, Feb. 11

British LNG carrier arrives in Turkey

Danish LNG carrier arrives in Turkey

Turkey's Energy Exchange hits record in spot gas trade

Europe's gas stocks at record high at end of winter: EIA

Spot market natural gas prices for Monday, March 16

Spot market natural gas prices for Tuesday, March 10

Spot market natural gas prices for Sunday, April 5

Woodside, 3 Japanese LNG firms to study hydrogen export

Spot market natural gas prices for Thursday, April 2

Gas market hit by coronavirus, oil price fall, LNG glut

Expected OPEC, OPEC+ meeting postponed until Thursday

Brent oil heading for 23% weekly gain with OPEC at sight

Oil retreats as markets doubt Saudi, Russia deal

Trump expects Russia, Saudi to reach oil deal soon

Total, Apache make new oil discovery in Suriname

Fitch lowers oil price forecast on Covid-19, oversupply

US, Russia energy ministers discuss oil market

MENA oil exporters to see $192B income fall in 2020: IIF

Oil prices down as OPEC meeting postponed

US crude oil inventories show strong increase

Oil prices down with US crude buildup estimate

Turkey's oil imports up 12.7% in January 2020

S. Aramco makes preventive plans to sustain supply: CEO

Saudis to raise oil export to record 10M barrels a day

Oil rallies after going below $50/bbl amid pandemic fears

Turkey shows real market potential for electric cars

Spain submits ambitious 2030 energy plan

Production of wind components must continue: WindEurope

Global offshore wind capacity hits record installation

Siemens Gamesa secures onshore turbine in Sweden

Japanese, French firms to produce organic photovoltaics

US solar industry workforce could be halved by COVID-19

Turkey to start local solar cell production on June 15

Turkey projects 66% rise in PV rooftop by year-end

Ethiopia rips Arab League support for Egypt on Nile dam

AA energy desk to host Turkey's solar energy Assoc. Head

Hydro provides 90.1% of Norway's power in January

Siemens raises stake in Gamesa Renewable for $1.2 bln.

Highlights of global energy market in 2019

UN wants action on climate change in 9 African nations

Turkey focuses on biomass from agricultural waste

Turkey to boost geothermal using support mechanisms

Fitch lowers precious metal price estimates for 2020

Production of wind components must continue: WindEurope

Turkish Central Bank unveils new measures on COVID-19

Iraq sells oil at around $20 per barrel: Oil Min.

European assoc. demand adding Green Deal in recovery plans

Moody's changes Shell's outlook to negative

MENA oil exporters to see $192B income fall in 2020: IIF

Saudi Aramco income higher than 12 oil giants in 2019

Fitch lowers precious metal price estimates for 2020

Brent oil heading for 23% weekly gain with OPEC at sight

Oil retreats as markets doubt Saudi, Russia deal

Fitch lowers oil price forecast on Covid-19, oversupply

Oil down despite US Senate passes $2 trillion package

Lower oil price to weaken oil-exporters credit profiles

Shell to cut spending by $5 billion in 2020

S. Aramco makes preventive plans to sustain supply: CEO

Turkey's daily power consumption down 8.7% on April 5

SSE, RWE close UK coal-fired plants before 2025 ban

EU power suppl. delay payments for vulnerable consumers

Turkey's daily power consumption down 10.7% on Feb. 9