Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering - demand for natural gas and electricity both fell in the past quarter.

Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.

Europe has desperately searched for quick alternatives to Russian gas, but van Beurden said Europe would need large amounts of LNG for decades.

Liz Truss successfully campaigned to become prime minister by saying she was opposed to the idea of a tax on the profits of energy giants.

Dreamt up in the 1960s to attract tourists, Spain's three-course "menu del dia", or set lunch menu, has long been seen as the best deal in town.

The Norwegian government expects record income next year from its oil and gas industry, it said on Thursday, predicting a rise of 18% from this year's level and a fivefold increase over 2021 as production rises and prices soar.

OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries to pump more.

Ben van Beurden, who leaves Shell at the end of this year, was addressing the Energy Intelligence Forum industry gathering.

OPEC+ producers look set to cut output when they meet on Wednesday, squeezing supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, lack of investment and supply problems.

Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty.

The right wing of the Conservative party has often demonstrated scepticism if not hostility towards renewables and the transition to a low-carbon economy.

Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dollar.

Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.

Scholz signed the deal while on a Gulf tour that took him to the UAE, Saudi Arabia and Qatar hunting for new energy sources.

Britain's Shell, Italy's ENI and US giants ConocoPhillips and ExxonMobil have already signed up to be part of North Field East.

The UK had in 2019 called a halt to fracking -- or hydraulic fracturing which is used to release hydrocarbons locked deep underground -- due to fears it could trigger earthquakes.

European shares traded in a narrow range on Wednesday as investors digested Russia's first mobilisation since World War Two while they waited for the U.S.

Germany confirmed the nationalisation of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.

Europe's problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new crisis in the market where prices are already red-hot: a liquidity crunch that could send them spiralling higher still.

European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war.

The German subsidiary of Russian oil giant Rosneft was placed under trusteeship on Friday, giving Germany's federal regulator control of the PCK refinery in Schwedt, a key source of fuel for the city of Berlin.

Dutch lender ING said five of the highest-emitting sectors it services, such as power and autos, were on track to meet new, tougher climate targets, although others such as residential property were lagging.

European Union energy ministers will attempt to approve new bloc-wide measures to pull down soaring gas and power prices at an emergency summit on Sept.

In Maracaibo, the once wealthy Venezuelan oil city, two innovators are trying to push a new trend: small electric and solar-powered cars that offer an alternative for people fed up with regular fuel shortages and long lines as the gas station.

Indonesia, South Korea, Japan and China could all be interested in investing in a long-delayed gas project in the waters between East Timor and Australia crucial to the Asian nation's future, East Timor President Jose Ramos-Horta said on Wednesday.

In a statement, Gazprom indicated it had discovered "oil leaks" in a turbine during a planned three-day maintenance operation.

Oil firms operating in Kurdistan have asked the United States to help defuse an upsurge in tension between Iraq's central government and the semi-autonomous region, according to a letter seen by Reuters and three sources.

Most big Wall Street firms passed a test for business as usual in Texas last week when state Comptroller Glenn Hegar kept all but BlackRock Inc.

Energy ministers from EU member states will hold urgent talks in Brussels on September 9.

Britain's cost of living crisis has seen inflation soar to 40-year highs, with a widening number of strikes over pay offers that fail to keep pace with rising prices.