Reported on Friday third-quarter core earnings and net profit beating analyst expectations amid what the Italian energy group described as an “excellent performance” of its Global Gas & LNG Portfolio.

The production of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) in Cameroon is expected to increase sharply over the fourth quarter of 2022.

To diversify the gas supply and reduce dependency on Russian imports, the Austrian government closed a deal with the United Arab Emirates (UAE) for an amount of gas similar to what Germany receives.

Raised its extraordinary dividend after reporting on Friday record earnings for the third quarter on the back of surging natural gas prices in Europe.

Chinese refiners have increased their crude oil purchases ahead of the year’s end as they see higher fuel exports in the final months of the year.

EU lawmakers agreed to a deal late Thursday evening (27 October) that will end the sale of internal combustion engine cars from 2035, a momentous agreement that sets Europe on a trajectory to a largely electric automotive future.

Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine.

French lawmakers approved President Emmanuel Macron’s pick for CEO and chairman of soon-to-be fully state-owned energy giant EDF with a narrow majority, handing over the reins to the current chairman of Schneider Electric, Luc Rémont.

Russia’s war in Ukraine has triggered an acceleration in the green transition.

Although Hungary’s agriculture minister has recently hailed the ethanol industry’s fresh investments in animal feed and foodstuffs in addition to biofuel production, the European Commission appears to remain unconvinced, still invoking the “food versus fuel” argument.