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Why Austria Is Struggling to Break Away From Russian Gas

In the 17 months since Moscow ordered soldiers into Ukrainian territory, countries across Europe have moved with surprising speed to reduce their longstanding dependence on cheap Russian gas.Germany, which got […]




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An American Energy Giant Sees Israel as a Springboard to Europe

Six miles off the coast of Israel, beyond the brightly colored sails of wind surfers, an ungainly steel structure looms above the blue Mediterranean.This 200-foot-tall stack of living quarters, tanks […]




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With Russia’s Exit, Norway Becomes Europe’s Energy Champion

The new front line for Europe’s energy security is a modest office building overlooking a fjord in Stavanger, Norway. Inside, a company called Petoro oversees three dozen of the largest […]




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As Oil Companies Stay Lean, Workers Move to Renewable Energy

Emma McConville was thrilled when she landed a job as a geologist at Exxon Mobil in 2017. She was assigned to work on one of the company’s most exciting and […]




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Europe Has Weathered an Energy Crisis, for Now

“If China starts buying because they have opened up, and it is cold, then we are in trouble for the next couple of years,” said Marco Alverà, chief executive of […]




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Shell’s Profit Soared to $42 Billion in 2022

Shell, Europe’s largest energy company, reported a bumper annual profit for 2022 on Thursday: $42.3 billion, more than double its 2021 total and probably a record for any Britain-based company.The […]




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Oil Giants, After Surge in Profits, Are Wary About Spending

Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record. But after a bountiful 2022, the outlook for […]




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Natural Gas Shortages Hit China as Temperatures Plunge

For many people across China, a shortage of natural gas and alarmingly cold temperatures are making a difficult winter unbearable. For Li Yongqiang, they mean freezing nights without heat.“We dare […]




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Why Are Energy Prices So High? Some Experts Blame Deregulation.

New transmission lines in deregulated markets often get limited review by state or federal officials, which means they are less likely to be rejected on the grounds that they are […]