Europe

Germany's Schwedt refinery losing out in race from Russian oil

Slashed output at Germany’s Schwedt oil refinery demonstrates the difficulty Berlin faces in turning away from Russian oil, despite plans to work with Poland to find alternative supply.

U.S. policy is conducive for new investments in energy transition said Repsol's CEO

The U.S, is attracting investment in renewables, hydrogen, biofuels, etc. through new legislation, while the EU's rules could deter investors, Repsol's CEO said at CERAweek.

AWS unveils startups selected for the Clean Energy Accelerator 3.0 program

Amazon Web Services (AWS) announced the startups selected for the Clean Energy Accelerator 3.0. The program is designed to facilitate collaborations with mature startups developing breakthrough clean energy technologies.

EU delays ICE ban phaseout after German pushback

European Union countries have delayed a planned vote next week on the bloc's landmark law to end sales of new CO2-emitting cars in 2035 after Germany questioned its support for the rules.

Lukoil has begun ship-to-ship loadings of ULSD

Russian oil producer Lukoil has started ship-to-ship (STS) loadings of ultra-low-sulfur diesel (ULSD) off its western exclave of Kaliningrad.

Cepsa to invest more than $3.8 B in sustainable energy/mobility by 2027

Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years to a total of 3.6 B euros ($3.82 B), with more than half of that amount going to sustainable energy and mobility.

Tunisia imported record number of Russian diesel/gasoil in February

Tunisia imported record volumes of Russian gasoil and diesel last month as an EU embargo forced Moscow to find new customers for its oil products.

Saudi Aramco buys minority stake in company focused on more fuel-efficient gasoline engines

Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China's Geely Automobile Holdings Ltd plan to set up jointly.

Germany has mixed feelings about EU ICE ban

German Transport Minister Volker Wissing called into question a bid by the European Union to ban new cars with internal combustion engines from 2035, saying the use of synthetic fuels should remain possible after the deadline.

Russia's oil/gas revenues fall 40% in January

Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.