Tag: EU

Energy, Oil & Gas

KBR secures PMC contract for Power2X eFuels project

KBR has been awarded a project management consultancy (PMC) contract by Power2X for its eFuels project in Rotterdam, a major initiative aimed at accelerating Europe's transition to sustainable aviation fuel (SAF)....

Energy, Oil & Gas

EU renewable energy share reaches 26.2pc in 2025: Eurostat

European Union (EU) renewable energy use rose to 26.2 per cent of gross final energy consumption in 2025, Eurostat data showed, continuing long-term growth but remaining below the bloc’s 2030 target of 42.5 per cent....

Energy, Oil & Gas

EU solar power hits record 25pc share of electricity in June

Solar power became the European Union’s largest source of electricity for the first time in June, generating a record 52 terawatt-hours (TWh) and supplying 25 per cent of the bloc’s monthly electricity, up from the previous record of 47 TWh (23 per cent) set in May 2026....

Energy, Oil & Gas

EU carbon market reaches $887bn in 2025

The European Union (EU) carbon market grew to €777 billion ($887 billion) in 2025, driven by strong trading activity and higher carbon prices, according to the European Securities and Markets Authority (ESMA)....

Energy, Oil & Gas

EU gas, renewables rise as coal falls in 2025

EU energy supply shifted toward cleaner sources in 2025, with gas up 2.3 per cent and renewables up 1.4 per cent, while coal and petroleum declined. Renewables remained the largest electricity source at 47.2 per cent, according to Eurostat....

Energy, Oil & Gas

Qatar signs a joint open letter on EU Methane Regulation

Qatar and other major LNG suppliers urged the EU to clarify and amend methane regulations, reaffirming commitment to energy security, economic partnerships, and reliable energy supplies while supporting Europe’s competitiveness and sustainability goals....

Energy, Oil & Gas

EU greenhouse gas emissions fall 17.2pc over decade

Greenhouse gas emissions in the European Union (EU) totalled around 3.3 billion tonnes of carbon dioxide equivalent in 2025, representing a 17.2 per cent decrease compared with 2015, according to preliminary estimates from Eurostat, the EU’s statistical office....

Energy, Oil & Gas

EU to mobilise up to $29bn for clean energy by 2035

The European Union has launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED), a flagship initiative aimed at accelerating clean energy development across the Mediterranean and mobilising up to €25 billion ($29 billion) in investments by 2035....

Energy, Oil & Gas

Qatar says watered-down EU rules open door to more gas deals

Qatar said the European Union’s (EU) push to ease some regulatory burdens is opening the door to further gas deals with companies in the region. Qatar plans to expand export capacity to 142 million tonnes per year by 2030 and has signed deals with Germany and France as Europeans seek to diversify their LNG sources....

Energy, Oil & Gas

EU renewables in electricity generation up 4pc in Q3 2025: Eurostat

In the third quarter of 2025, 49.3 per cent of net electricity generated in the European Union (EU) came from renewable energy sources, an increase of 3.8 per cent compared with the 47.5 per cent registered in the same quarter of 2024, according to figures by Eurostat, the statistical office of the EU....

Energy, Oil & Gas

Qatar hopes EU resolves sustainability law concerns by Dec

Qatar's Energy Minister Saad Al-Kaabi said he was hopeful the European Union (EU) would resolve companies' concerns over its sustainability laws by the end of December. Qatar has aired its frustration with the EU's Corporate Sustainability Due Diligence Directive (CSDDD) and has threatened to halt gas supplies. The dispute centres around CSDDD's potential to fine violators up to 5 per cent of total global revenue....

Energy, Oil & Gas

EU approves total ban on Russian gas by 2027

The European Union (EU) has moved to end all imports of Russian natural gas by the end of 2027, following a majority vote by member states during a meeting of European energy ministers in Luxembourg....

Energy, Oil & Gas

EU imports $16.9bn in green energy products

In 2024, the EU imported €11.1 billion ($12.8 billion) worth of solar panels, €2.9 billion of liquid biofuels, and €0.5 billion worth of wind turbines from extra-EU countries, totalling almost €14.6 billion ($16.9 billion) in imports of green energy products, according to data released by Eurostat, the EU’s statistical office....