OMV, which currently owns a 36 percent stake in Borealis, will acquire an additional 39 percent from Mubadala. The transaction value amounts to $4.68 billion and represents the biggest acquisition in OMV’s history and the largest transaction ever for Mubadala.

The pan-European STOXX 600 index was up 4.2%, with energy .SXEP, autos .SXAP, insurers .SXIP and financials .SXFP jumping between 5.4% and 6.7%.

European gas stock levels for both January and February 2020 were the highest ever recorded for those months.

Significant volumes of Russian gas currently are transited to Germany via Poland, which are a key revenue generator for the country.

In a co-ordinated global effort to stabilize financial markets in one of the biggest routs on record, Germany launched a stimulus package of up to 750 billion euros, while the U.S. Federal Reserve took unprecedented steps to shore up credit across the economy.

Rolls-Royce and its consortium partners have designed the UK SMR, a small pressurised water reactor that they say will be able to operate for 60 years and provide 400–450 MWe.

ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)

Government bond yields across the euro zone fell on Thursday after the European Central Bank stepped in with emergency stimulus measures to calm markets in the face of the coronavirus outbreak.

Finance Minister Bruno Le Maire announced a €45 billion ($50 billion) aid package to help businesses and employees cope with the escalating health crisis and brace for a recession.

The German energy group RWE plans to invest €5bn to expand its renewable capacity by 2022, including €1bn in Germany.

The joint-venture project, with a total investment of 7.9 billion yuan (about 1.13 billion U.S. dollars), was the first of its kind in offshore wind power with both domestic and foreign investment, China Energy said.

Norway's preliminary production figures for February 2020 show an average daily production of 2 106 000 barrels of oil, NGL and condensate,

In late February, the Spanish energy companies Repsol SA and Endesa SA rejected a hefty deal on the purchase of 200 million cubic metres of LNG from the biggest US liquefied natural gas exporter Cheniere Energy Inc.

The UK should be running on 50% renewable energy by 2030 to set it on a cost-effective path to the goal of net zero emissions by 2050, according to a report by the National Infrastructure Commission (NIC).

Gazprom, OMV have agreed, inter alia, to extend until June 2022 the negotiations for the final agreement on the deal.