Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.
Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.
The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity.
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Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.
Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.
The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.
The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.
A Wood Mackenzie study reveals that the EU’s carbon storage capacity will fall more than 40% short of the 2030 targets set under the Net Zero Industry Act.
The Dutch government is initiating legislative reform to extend the Borssele nuclear plant until 2054 and has formalised the creation of a public entity to develop two new reactors.
The Dutch Supreme Court has rejected Russia's final appeal, confirming a record $50bn compensation to former Yukos shareholders, ending two decades of legal battle.
Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.
European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level.
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Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
The Netherlands' lower house voted to adopt RED III, including technical amendments, paving the way for timely transposition by January 1, 2026, in line with EU commitments.
Kandla port plans a 150,000-ton-per-year integrated renewable methanol unit, targeting the growing fleet of compliant vessels on the Singapore-Rotterdam maritime route.
RWE has finalised the installation of all 72 monopiles at the 1.1 GW Thor offshore wind farm off the Danish coast, marking a key milestone ahead of secondary structure and turbine installation scheduled for 2026.
China exports a record 120,427 MW of solar modules in the first half of 2024, thanks to a substantial reduction in prices, despite persistent trade tensions.
Shell saw its net profit fall by 8% in the first half of 2024, impacted by high depreciation and pressurized margins in refining and hydrocarbon sales.
Viaro Energy acquires North Sea assets from Shell and ExxonMobil for $500 million.
The acquisition includes 11 offshore assets and one exploration field.
The EU is adding three new renewable energy projects to the CB RES list, aimed at strengthening regional energy cooperation and supporting the transition to clean energy.
Fluctuating natural gas prices are driving European countries to diversify their energy sources, increasing investment in renewable energies and nuclear power.
Shell is investing in a 100 MW electrolyzer in Germany to produce 44,000 kg of renewable hydrogen per day, with the aim of decarbonizing its operations.
TotalEnergies acquires a 50% stake in the OranjeWind offshore wind farm in the Netherlands, a 795 MW project to produce green hydrogen to decarbonize its European refineries.
The European Union plans to impose provisional duties on Chinese biodiesel, sold at prices deemed unfair.
An investigation could lead to definitive duties for five years by February.
The wind turbine protection market, valued at 1.7 billion USD in 2024, is expected to reach 2.8 billion USD in 2029, with an annual growth rate of 10.5%.
The European Court of Auditors considers the European Union's 2030 targets for renewable hydrogen to be too ambitious, and calls for a strategic readjustment.
JinkoSolar, RELC and VI announce a $1 billion investment for a solar cell and module production plant in Saudi Arabia with an annual capacity of 10 GW.
The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.
BP is to acquire 15% of Lianyungang Jiaao New Energy for $48.54 million, in anticipation of future Chinese regulations on sustainable aviation fuels (SAF).
From 2024 to 2033, global solar and wind power capacity will increase by 5.4 TWac, while energy storage will grow by 640%, according to Wood Mackenzie.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
Shell announces impairments of up to $2 billion in Q2 2024, linked to projects in the Netherlands and Singapore, and warns of a decline in performance in the gas sector.
