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Business leaders from across Europe met in Brussels on Thursday to discuss--among other things--a proposal from the European Commission to "reindustrialize Europe." The idea is to raise the share of industry in the region's economic output to 20% by 2020, from 15.6% now.Some executives at the annual European Business Summit, however, viewed the target as not much more than a vain hope. The real challenge they say is to prevent further deindustrialization of the continent.The problem faced by European industry derives from more than the fact that, as new figures this week emphasized, their home markets are mired in the longest recession since World War II. It is that many companies are stuck in a competitive vise.On the one hand, they face challenges from U.S. industry, revitalized by falling energy costs thanks largely to the successful exploitation of shale gas. On the other, there are the formidable Chinese exporters supported by bountiful cheap government credit and low-price inputs...
The supervisory board of Poland's state-controlled natural gas utility PGNiG SA (PGN.WA) Monday dismissed the company's chief executive, Grazyna Piotrowskia-Oliwa, P...
Cnooc Ltd. (CEO) said Friday its first-quarter oil and gas revenue jumped 13% from a year earlier, thanks to strong overseas production after China's largest offshor...
Polish Prime Minister Donald Tusk sacked his treasury minister Friday following confusion over a Russian proposal to build a gas pipeline on Polish territory, and sa...
An influential body of U.K. lawmakers said Thursday it will open an inquiry into the challenges facing the country's oil-refining industry, to see if recent closures...
The world has made almost no progress towards reducing the carbon content of its energy supplies in the last 20 years, despite pumping trillions of dollars of invest...
Energy security in the U.K. could be at risk if the government doesn't come to an agreement with EDF Energy over the Hinkley Point nuclear plant, the Sunday Telegrap...
The chairman of BHP Billiton Ltd. (BHP), which is pumping billions of dollars into developing shale assets in the U.S., says the country should be encouraging oil an...
Enel SpA (ENEL.MI), Europe's most highly indebted energy utility, is betting on Latin America to help raise its revenues, and far from planning asset sales in the re...
The International Energy Agency is interested in deepening its ties with emerging economies, as changes to supply and demand trends increase their role in global ene...
Thousands of Romanians across the country protested on Thursday against Chevron's plans to explore for shale gas, demanding the country's leftist government withdraw...
General Electric (NYSE:GE) announced plans on Wednesday to invest $110 million to build a new global research center in Oklahoma focused on the oil and gas industry ...
The top House Republican on energy policy criticized a new proposal from the International Monetary Fund to raise gasoline taxes to help reduce carbon emissions and ...
The Obama administration is unlikely to make a decision on the Canada-to-Nebraska Keystone XL pipeline until late this year as it painstakingly weighs the project's ...
The Obama administration is unlikely to make a decision on the Canada-to-Nebraska Keystone XL pipeline until late this year as it painstakingly weighs the project's ...
Crude-oil futures fell Friday as new indications of sluggish global fuel demand has investors concerned about rising oil supplies.Early Friday the Organization of th...
Crude oil futures fell Friday, trading in a narrow range in London, on concerns that supply growth is outpacing demand amid a sluggish global economic environment.At...
The BP PLC-led (BP.LN) Shah Deniz consortium said Thursday it has begun evaluating binding transportation offers from two pipeline consortiums vying to carry natural...
Japan is preparing to start up a massive nuclear-fuel reprocessing plant over the objections of the Obama administration, which fears the move may stoke a broader ra...
Saudi Arabia's oil minister said on Tuesday he welcomes the new U.S. energy supplies as he expects the country to remain an importer of crude from the Middle East.Th...
