Category Archives: Energy, Gas & Oil

Energy, Gas & Oil Press Releases & News distributed via EuropaWire

Neste Corporation Releases Comprehensive Annual Report for 2023, Compliant with ESEF Reporting Standards

(IN BRIEF) Neste Corporation has officially published its Annual Report for the year 2023, available in Finnish and English on the company’s website. The report encompasses key sections such as the Strategy and Business Review, Sustainability Report, Corporate Governance Statement, … Read the full press release

Austrian Industry Giants Spearhead Carbon-Based Value Chain Transformation

(IN BRIEF) Austrian companies Holcim, Verbund, OMV, and Borealis have wrapped up the C2PAT demonstration plant project, aiming to produce carbon-based products from unavoidable CO2 emissions. Instead of a joint pilot plant, each company plans to develop industrially upscaled plants … Read the full press release

EU Funding Boosts Agfa’s Green Hydrogen Production Initiative

(IN BRIEF) Agfa, a sustainable technology provider, collaborates with VITO to develop advanced separator membranes for hydrogen production. They secure an 11 million Euro grant from the EU Innovation Fund for a membrane production plant. The collaboration aims to enhance … Read the full press release

RWE Supply & Trading Announces CEO Transition: Peter Krembel Appointed to Succeed Andree Stracke

(IN BRIEF) Andree Stracke, the CEO of RWE Supply & Trading, is retiring after 24 years of service. Peter Krembel, currently the Chief Commercial Officer (Trading), will succeed him. Stracke is praised for his contributions to RWE’s energy trading business, … Read the full press release

Yara Brasil and Petrobras Forge Partnership to Drive Decarbonization in Fertilizer and Industrial Sectors

(IN BRIEF) Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have entered into a non-binding Memorandum of Understanding (MOU) aimed at exploring potential business collaborations concerning the production and decarbonization of local fertilizer and industrial products in Brazil. With Brazil being … Read the full press release

Global Warming Amplifies Risks: UEA-Led Study Warns of Heightened Climate Threats to Developing Countries

(IN BRIEF) A research program led by the University of East Anglia (UEA) has quantified how climate change risks increase at a national scale with rising global temperatures. Focusing on six countries including Brazil, China, Egypt, Ethiopia, Ghana, and India, … Read the full press release

Leading the Charge: Nordic Leaders Fortum and Hydrovolt Team Up to Revolutionize Battery Recycling

(IN BRIEF) Fortum Battery Recycling and Hydrovolt, two prominent players in sustainable battery recycling, have formed a strategic alliance to drive the Nordic battery industry forward. Hydrovolt will supply black mass generated from EV battery recycling to Fortum’s plant in … Read the full press release

Uniper Achieves Exceptional Financial Success in 2023, Anticipates Lower Earnings in 2024

(IN BRIEF) Uniper reports outstanding financial results for the 2023 fiscal year, with adjusted EBIT reaching €6,367 million, a significant improvement from the previous year. The company’s strategic hedging transactions and operational enhancements contributed to this success, particularly in its … Read the full press release

Sustainable Support: Repsol Powers Spanish Antarctic Campaign with 100% Renewable Energy

(IN BRIEF) Repsol, a leading energy company, is supplying 100% renewable fuels to power the Gabriel de Castilla Base during the Spanish Army’s 37th Antarctic Campaign. This initiative supports sustainability efforts in one of the most environmentally sensitive regions on … Read the full press release

Siemens Unveils Gridscale X DER Insights Software to Enhance Grid Visibility and Support Net-Zero Goals in the US

(IN BRIEF) Siemens has introduced Gridscale X DER Insights software, aiming to revolutionize grid management and support the US’s goal of achieving net-zero emissions by 2050. As distributed energy resources (DERs) proliferate, utilities face operational challenges in managing grid stability … Read the full press release

Siemens Unveils Gridscale X Software to Accelerate Grid Decarbonization and Digital Transformation

(IN BRIEF) Siemens has introduced Gridscale X, a groundbreaking software solution aimed at revolutionizing grid management and facilitating the energy transition. Gridscale X empowers utilities to rapidly scale grid capacity, manage the complexity of distributed energy resources (DERs), and enhance … Read the full press release

Naturgy Demonstrates Resilience with 20% Increase in Net Profit for 2023

(IN BRIEF) Naturgy, a prominent energy group, announced strong financial results for 2023 despite challenging market conditions. Their EBITDA increased by 11%, reaching 5,475 million euros, with a 20% rise in net profit to 1,986 million euros. The company heavily … Read the full press release

Leading Healthcare Giant Fresenius Establishes ESG Advisory Board

(IN BRIEF) Fresenius, a global healthcare group, has appointed an independent advisory board to focus on sustainability issues. Comprising four experts from various fields, the board will support the development of Fresenius’ sustainability strategy. This move reflects Fresenius’ commitment to … Read the full press release

Vattenfall Advances Plans for Negative Emissions Facility in Jordbro, Stockholm

(IN BRIEF) Vattenfall is progressing with its initiative to establish a facility in Jordbro, Stockholm, capable of capturing up to 150,000 tonnes of carbon dioxide annually from a biomass-fueled heat plant. This endeavor represents a crucial step towards achieving negative … Read the full press release

Arkema Advances Climate Plan with Long-Term Renewable Energy Agreements

(IN BRIEF) Arkema has taken significant steps towards its climate plan goals by signing long-term renewable energy agreements for multiple sites across the United States. These agreements, with energy providers like Tennessee Valley Authority (TVA), Entergy, and 3Degrees, are expected … Read the full press release

BP Announces Cash Tender Offer for Notes

(IN BRIEF) BP p.l.c. has initiated a cash tender offer through its subsidiary, BP Capital Markets p.l.c., to acquire any validly tendered and accepted Notes issued by the Offeror, up to an aggregate principal amount of $1,000,000,000. The Tender Offer, … Read the full press release

Plenitude’s New Ravenna Ponticelle Photovoltaic Plant Energizes Industrial Regeneration

(IN BRIEF) Plenitude, Eni’s Benefit Corporation focusing on renewable energy production and energy solutions, announces the operational status of the Ravenna Ponticelle photovoltaic plant, boasting a 6 MW installed capacity. Situated on 11 hectares of industrial land, the plant features … Read the full press release

The Baltic Drive Towards Energy Autonomy Amid Geopolitical Shifts

(IN BRIEF) Amidst geopolitical tensions triggered by Russia’s actions in Ukraine, the Baltic States are accelerating their journey towards energy independence and sustainability. Historically reliant on Russian energy flows, the Baltics are now fast-tracking efforts to diversify their energy sources, … Read the full press release

BBVA Collaborates with Energy Tech Summit to Drive Climate Innovation in Bilbao

(IN BRIEF) BBVA announces its sponsorship of the upcoming Energy Tech Summit, Europe’s premier conference on entrepreneurship and climate venture capital, to be held for the first time in Bilbao on April 10th and 11th, 2024. With a focus on … Read the full press release

The latest on quantum computing in Europe, January 2023 – February 2024

(IN BRIEF) Europe has made significant progress in quantum computing with investments, partnerships, and innovations. Highlights include a €3.5 million investment in LioniX International by the University of Twente, and T-Systems offering cloud access to IBM’s quantum systems. Other developments … Read the full press release