European Union member states adopted a Franco-German compromise yesterday allowing Berlin to remain the lead negotia- tor with Russia on the Nord Stream 2 gas pipeline to Europe. France, a pivotal player…
Total’s profit jumps on record production
French energy major Total said its net adjusted profit rose 10% in the final quarter of 2018, lifting its full year earnings by more than a quarter after record oil and gas…
Breaking Germany’s coal addiction
By Johan Rockstrom And Owen Gaffney /Berlin Germany is about to break its coal addiction. Last year, the government created a 28-member “coal commission” – comprising scientists, politicians, environmental campaigners, trade unions,…
Thirst for oil threatens a pristine Arctic refuge
Trump administration is hurriedly clearing way for exploration It is the last great stretch of nothingness in the United States, a vast landscape of mosses, sedges and shrubs that is home to…
The truth about big oil and climate change
IN AMERICA, THE world’s largest economy and its second biggest polluter, climate change is becoming hard to ignore. Extreme weather has grown more frequent. In November wildfires scorched California; last week Chicago was…
ExxonMobil’s drilling in context
As ExxonMobil approaches the end its drilling campaign, rumours about the results abounded this week as have the extravagance of some of the claims. So let’s put what we know in context….
China LNG imports in Jan rise to another record amid high stocks
Reuters/Singapore China’s imports of liquefied natural gas (LNG) rose to another monthly record in January, even as the country grapples with high gas inventories amid a warmer-than-usual winter, according to shipping data…
Siemens-Alstom’s expected EU veto unleashes political backlash
When Siemens AG and Alstom SA unveiled their rail merger in 2017, the former archrivals hailed the deal as a historic union, forming the basis of a European champion with the heft…
A green new deal for Europe
By Massimiliano Santini And Fabrizio Tassinari /Florence Jim Yong Kim abruptly resigned from his post as World Bank president recently, leaving a pillar of the international financial order without leadership or direction….
US shale drillers resume rig cuts, shrugging off oil’s rebound
Oil explorers cut drilling in US shale fields, shrugging off oil’s rebound, as investors urge them to keep spending in check. American drillers idled 15 oil rigs last week, bringing the number…