French legislators passed legislation that is going to stop all oil and gas exploration and production on French territories by 2040 in an unprecedented move.
Category: Europe
One Planet Summit: World Leaders Gather to Raise Money for Climate
The French President Emmanuel Macron, the President of the World Bank Jim Yong Kim and the Secretary-General of the United Nations, Antonio Guterres, convened on
Russia Bypasses US Sanctions with a $27 Billion China-Funded Arctic Plant
Russia has launched a giant Arctic gas project in its efforts to bypass Western sanctions and boost ties with China. The $27 billion Yamal LNG
Russia’s Sakhalin-1 Project Jeopardizes OPEC Output Freeze
Oil production from Russia’s Sakhalin-1 project is poised to go up by about 25% to 250,000-260,000 barrels per day from January 2018, suggesting that the
Focus on Fancy Fertilizers: EuroChem Serving Asia’s Potash Market
EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is investing more than $6 billion in two potash-producing mines. EuroChem is relying on Asian
Market Update: European Oil Giants Hurry to Drill in Inhospitable Northern Waters
European companies are planning to drill oil in the continent’s northern waters as world leaders prepare to meet for UN climate talks in Germany. Oil
Market Update: Russia to Boost Oil Production in 2018 Despite OPEC Output Deal
Russian Energy Minister Alexander Novak said earlier this week that Russia would boost its oil production next year even if the global deal to cut
War-Torn Libya’s Major Oilfield Shut Down Again
A group of armed men forced Libya’s major oilfield el-Sharara to close late on Sunday (1 October), effectively shutting down production of more than 230,000
German Bayer Invests in a Plant-Based Fertilizer Start-Up
Germany’s Bayer AG is to invest $100 million in the next big breakthrough in crop fertilizer. Its Bayer LifeScience Center division and biotech Gingko Biowork
Coal Decline Goes On: Europe’s Electricity Driven by Gas and Renewables
The amount of electricity produced from natural gas and the amount of electricity produced from coal in OECD countries have matched, the International Energy Agency