Europe Archives - Page 7 of 25 -

North Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows

October 20, 2025

(World Oil) – The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (Bboe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA). While total reserves declined slightly year-on-year, the report highlights a significant 31% increase in prospective resources, now estimated

Norway to boost spending from Its $2 trillion oil fund in 2026 budget

October 15, 2025

(Oil Price) – The Norwegian government on Wednesday proposed to raise the spending from the country’s oil fund, the world’s largest sovereign wealth fund, in next year’s budget, according to the draft budget of the Labor party, which won a second term in office at the general elections last month. The Labor government of Jonas Gahr Støre will need support from its junior

$Britain set to outlaw fracking after decades of debate- oil and gas 360$

Britain set to outlaw fracking after decades of debate

October 13, 2025

(Oil Price) – There have been discussions around fracking in the U.K. for years, with the government going back and forth on whether to support new operations. Politicians have explored the potential for fracking, which has been successful for fossil fuel recovery in the United States, while environmentalists have fought against it. While many may have thought that fracking had

ExxonMobil retreats from Europe, credits Trump for pro-oil stance

October 13, 2025

(World Oil) – Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising U.S. President Donald Trump’s approach. The Texas oil and gas giant is slowing investment in Europe and selling assets, with Woods describing the bloc’s climate and human rights regulations as “slowing things down and trying to over-prescribe unpractical” solutions.

Kazakhstan’s oil and condensate output rose 3% in August from previous month

September 26, 2025

(BOE Report) – Kazakhstan’s oil and condensate output rose to 8.885 million metric tons in August from 8.631 million tons in July, driven by production growth at Tengiz, Kashagan, and Karachaganak oilfields, official data showed on Friday. The August figure translates into 2.150 million barrels per day, according to Reuters calculations. Despite exceeding quotas set by the Organization of the

Exxon seeks US political help in call to quash EU climate law

September 18, 2025

(Investing) – HOUSTON –Exxon Mobil is stepping up attacks against a European Union corporate sustainability law and has taken its concerns directly to U.S. President Donald Trump, warning that the regulation will lead to more businesses leaving Europe. The EU’s corporate sustainability due diligence directive, or CSDDD, was adopted last year and requires companies to fix human rights and environmental issues within their

Exclusive-EU could quit Russian gas within a year, US energy chief says

September 12, 2025

(Investing) – The European Union could phase out Russian gas within six to 12 months by replacing it with U.S. liquefied natural gas, and the United States communicated this position to EU officials this week, U.S. energy secretary Chris Wright told Reuters on Friday. Wright was speaking in Brussels, where he met EU energy commissioner Dan Jorgensen on Thursday as

U.S. Energy Chief calls net zero a “Colossal Train Wreck”

September 11, 2025

(Oil Price) – U.S. Energy Secretary Chris Wright blasted net-zero targets as a “colossal train wreck” ahead of his trip to Europe for a gas summit and meetings with EU officials, warning the push for climate policies could weaken energy security and derail a U.S.–EU trade deal. “Net zero 2050 is just a colossal train wreck,” Wright told the Financial Times

Cancambria Energy Corp Receives Approval Of Technical Operating Plan For First Two Appraisal Wells

September 8, 2025

(Oil & Gas 360) CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that the Supervisory Authority for Regulatory Affairs of Hungary (SZTFH) has approved the Technical Operating Plan (“TOP” or “MÜT” in Hungarian) for the drilling and completion of the planned CC-Ba-É-2 and CC-Ba-É-3 wells within the Company’s Ba-IX Mining License.

Oil edges up on signs of strong demand, Russia-Ukraine peace uncertainty

August 21, 2025

(Investing) – LONDON -Oil prices edged up on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support. Brent crude futures were up 11 cents, or around 0.2%, at $66.95 a barrel at 1335 GMT, having hit a two-week high earlier in the session. U.S. West Texas Intermediate

Three years into war, US and Europe keep billions in trade with Russia

August 6, 2025

(BOE Report)– Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. India this week lashed out at what it called Western double standards, after facing renewed threats from U.S. President Donald

Record production at Exxon and Chevron humbles European rivals: Bousso

August 5, 2025

(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has to hope rivals don’t accelerate. Just ask Europe’s energy majors. Exxon Mobil and Chevron’s bumper oil and gas output in the second quarter served as a sobering reminder to their European rivals of the ferocious challenge the latter face in

Premium Content