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Image header Agence Europe
Europe Daily Bulletin No. 13710
Contents Publication in full By article 12 / 34
SECTORAL POLICIES / Energy

IEA notes accelerating decline in production at existing oil and gas sites, particularly in Europe

In a new report published on Tuesday 16 September, the International Energy Agency (IEA) notes an accelerating decline in production from existing oil and gas sites, partly due to increased reliance on shale and deep offshore resources.

As a result, almost 90% of annual investment in the upstream oil and gas sector since 2019 has been devoted to offsetting the fall in production rather than meeting growth in demand.

According to the IEA, investment in 2025 should amount to around...

Contents

SECTORAL POLICIES
CLIMATE: Danish Presidency of EU Council aiming for agreement on indicative range of emissions reduction between 66.3% and 72.5% by 2035
CLIMATE: Green MEPs condemn French and German deadlock on 2040 target
CLIMATE: Sweden and Finland advocate a revision of regulation on land use and forestry
CLIMATE: European Commission identifies 21 measures to accompany ‘ETS2’ in transport, buildings and industry
HEALTH: European ministers debate revision of rules on clinical trials
HEALTH: better security of supply for essential medicines must be ensured, say European Ministers
COMPETITIVENESS: Mario Draghi reiterates his call for acceleration of investment and simplification
TRANSPORT: nine Member States commit to make progress in transition to zero-emission road freight transport along trans-European transport network
TRANSPORT/CONSUMERS: Pablo Bustinduy calls on European Commission to meet with consumer unions regarding abusive practices by airlines
CONSUMERS: European textile industry calls on Commission to take urgent action to combat excesses of ‘ultra-fast fashion’
DIGITAL: European Commission launches work on its future ‘omnibus’ legislation to simplify digital legislation
ENERGY: IEA notes accelerating decline in production at existing oil and gas sites, particularly in Europe
FISHERIES: European Commission expects more resources for fisheries over 2028-2034 period
FOOD SAFETY: European Commission consults on simplifying rules
ENVIRONMENT: ECHA to launch consultation in spring 2026 on socio-economic consequences of European restriction of PFAS
Russian invasion of Ukraine
MIGRATION: EU Council prepares for post-war period in Ukraine and gradual return of people benefiting from temporary protection
EXTERNAL ACTION
MIDDLE EAST: EU deplores Israeli offensive on Gaza City
ALBANIA: Tirana opens its penultimate cluster in accession negotiations and moves step closer to EU
FOREIGN AFFAIRS: David McAllister encourages EU to pursue its strategic objectives more assertively
TRADE/DEVELOPMENT: EU’s ‘Aid for Trade’ initiative does not sufficiently support Least Developed Countries, according to European Court of Auditors
MEDITERRANEAN: economic integration in Euro-Mediterranean region lags behind, according to UfM
INSTITUTIONAL
RULE OF LAW: EU Council observes positive trends, but also serious violations in Member States and EU candidate countries
BUDGET: Plastics Europe lobby rejects any increase in own resource in EU budget based on non-recycled plastic packaging waste
ECONOMY - FINANCE - BUSINESS
FINANCE: New Financial think-tank sets out recommendations for simplifying financial regulation in EU
ECONOMY: European Commission recommends approving Germany’s 2025-2031 budget path
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: women, migrants, people with disabilities – European Commission identifies ways to boost participation in Member States’ labour markets
COUNCIL OF EUROPE
CORRUPTION: Council of Europe highlights Cyprus’ progress in fight against corruption and calls for it to continue
NEWS BRIEFS
AGRICULTURE: IFOAM Organics Europe shines spotlight on ‘biodistricts’
BANKS: José Manuel Campa to step down as Chairman of European Banking Authority at end of January 2026
COURT OF JUSTICE: van der Woude and Papasavvas reappointed as heads of EU General Court
FINANCE: publication in Official Journal of European Union of authorisation rules for asset-referenced crypto-assets
INDONESIA: EU hopes to conclude negotiations on trade agreement with Jakarta on Tuesday 23 September
JAPAN: EU strengthens collaboration with Tokyo on critical minerals, batteries and biotechnology
CORRIGENDUM
EMPLOYMENT: definition of quality traineeships adopted by European Parliament makes no strict reference to agreement or to remuneration