Europe – Page 2 – Oil & Gas 360

CanCambria Energy Announces Second Upsize and Closing of Non-Brokered Private Placement for Gross Proceeds of $3,275,350

January 30, 2026

(Oil & Gas 360) – Vancouver, BC – January 29, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce today that, further to its news releases dated January 5, 2026 and January 15, 2026, it has closed a second upsize of its non-brokered private placement (the “Offering”) for gross proceeds of

US, Europe fall behind in the race to control the Arctic: Vladimirov and Petrova

January 29, 2026

(BOE Report) – The Arctic is no longer a frozen periphery, especially not after the U.S. spat with Europe over Greenland. As sea ice melts, the High North is emerging as a strategic hub for energy, shipping and critical minerals. It is warming nearly four times faster than the rest of the planet, but what’s also heating up is the

Kazakhstan seeks U.S. approval to buy Lukoil’s Kazakh assets

January 28, 2026

(Oil Price) – Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday. The United States sanctioned Lukoil at the end of October, which prompted the Russian firm, the country’s second-largest oil producer, to seek a sale of its foreign assets. Soon after,

EU’s Ribera warns of increasing dependence on US LNG

January 28, 2026

(BOE Report) – The European Union’s competition chief warned on Wednesday that the region was becoming increasingly dependent on liquefied natural gas (LNG) imports from the United States and should look at how it can best harness local resources. “We are significantly increasing our dependence on liquefied natural gas imported from the U.S.,” European Commission Executive Vice President Teresa Ribera said

Noble secures $1.3 billion in new rig contracts, enters Norway floater market

January 27, 2026

(World Oil) – Noble Corporation has announced new contract awards totaling approximately $1.3 billion, adding backlog across nine rigs and marking the company’s entry into the Norwegian harsh-environment floater market. The awards reflect continued multi-year demand for deepwater and offshore drilling and are expected to materially improve fleet utilization over the coming years. Noble said the new contracts increase the percentage

The looming LNG glut and what it means for global energy prices

January 26, 2026

(Oil Price) – As several countries invest in expanding their liquid natural gas (LNG) production and export capacity, and significant quantities of the gas are expected to come online in 2026 after a record 2025, supply could soon outpace demand. This begs the question: just how much LNG is needed to “fill the gap” as the world develops its renewable energy

From Ambition to Execution: How Europe’s Decarbonisation Agenda Performs on the Project Level

January 26, 2026

(Oil & Gas 360) – Europe positions itself as the global driver of the decarbonisation agenda. Ambitious targets, regulatory reform and large-scale public funding define the direction. Yet behind the strategy, project pipelines narrow, execution slows down and many initiatives struggle to progress beyond early development. The gap between ambition and delivery continues to widen, making execution-level insight increasingly relevant. At

A record LNG year looms for Europe as markets rebalance

January 23, 2026

(Oil Price) – Europe is expected to import a record-high volume of liquefied natural gas this year as stronger demand for replenishing storage sites, the phase-out of Russian supply, and continued pipeline exports to Ukraine will drive increased demand, the International Energy Agency (IEA) said on Friday. After setting a record in 2025, European LNG imports are poised to reach a

Europe sets its sights on Brazil’s rare earth riches

January 21, 2026

(Oil Price) – The European Union has been looking for rare-earth suppliers outside China for a while now. Last year, Commission president Ursula von der Leyen declared, “The aim is to secure access to alternative sources of critical raw materials in the short, medium and long term for our European industries.” It seems one of these alternative sources will be Brazil.

Europe’s energy weak spot reemerges in Greenland dispute: Bousso

January 21, 2026

(BOE Report) – Spiralling trade tensions between the U.S. and Europe over President Donald Trump’s bid to buy Greenland have once again left the bloc highly vulnerable in a geopolitical tussle because of its heavy dependence on a single supplier for its critical energy needs. Less than four years ago, Europe’s economy was dealt a harsh blow in the wake

What excites and worries LNG exporters in 2026: Maguire

January 16, 2026

(BOE Report) – The year 2025 in the LNG sector will be one for the history books after production and exports of the super-chilled fuel smashed records and raked in billions of dollars in revenues across the global liquefied natural gas supply chain. A 25% surge in LNG purchases by European countries was a key highlight and raised hopes among

Germany relaunches major EV subsidy program with billions in funding

January 16, 2026

(Oil Price) – Two years after abruptly ending the EV subsidies due to budget constraints, Germany is returning the incentives for buying electric vehicles with federal funds of $3.5 billion (3 billion euros) by 2029. With the return of the incentives, Germany plans to prop up its ailing automotive sector, which has suffered a lot in recent years from surging costs,

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