The find follows other significant gas discoveries in the Mediterranean in recent years. They are expected to have a major impact on the region’s economy and potentially offer Europe new supply options, allowing it to reduce its dependence on Russian gas imports. It also represents a major boost for Egypt, where power cuts caused by gas and oil shortages have often fuelled unrest. … [Read more...] about Eni discovers largest known gas field in Mediterranean
Oil and gas business
Who is Alexei Navalny? Convicted of corruption In 2016 the European Court of Human Rights ruled that Russia had violated Navalny's right to a fair trial in the Kirov case. Although Russia's Supreme Court overturned the five-year sentence, the verdict was sent back to the Kirov court. In 2017, this court again handed Navalny a suspended five-year sentence. … [Read more...] about Nord Stream 2: Poland urges Germany to drop Russia’s gas pipeline project
Christoph Weber thinks the companies would attempt to recoup the money they had invested. "Probably they would try to seek compensation from those who are politically responsible [for ending the pipeline]," he says, adding that this bill would most likely be footed by the taxpayer in the end. … [Read more...] about Nord Stream 2: Who needs the Russian gas pipeline after all?
A top interior department official, Vincent DeVito, appears to take credit for helping to delay federal protections for the species at the behest of fossil-fuel industry groups, one of several examples of his willingness to prioritize the needs of extractive industries with business before the government, according to public records obtained by the Guardian and Pacific Standard as well as Documented and the Western Values Project, both watchdog groups. … [Read more...] about Exclusive: US official appeared to delay protections for endangered species at behest of oil group
The next day was also stuffed with activity. In Cannes, European countries came under real pressure from America to step up to the plate and shore up the eurozone. The summit (Silvio Berlusconi’s last waltz on the world stage as a political leaders) achieved little, though, and merely welcomed measures agreed last month. … [Read more...] about Europe in turmoil: five years of economic crisis