Mifid II ensures all change for energy firms
There's plenty for companies to mull over in the latest European directive aimed at cleaning up the financial sector
The oil and gas industry is braced for fallout from the biggest root-and-branch reform of European financial markets in a generation—the Markets and Financial Instruments Directive, known as Mifid II, which comes into force in January. Hydrocarbons firms aren't the focus for Mifid II, but they'll feel the effects from legislation that embraces every part of Europe's financial industry. Seven years in the making, and running to 70,000 pages, this legislation is Europe's belated attempt to clean up the financial sector and prevent a repeat of the 2008 markets crash. This legislation aims to increase transparency and impose firebreaks to prevent bank collapses. The impetus to create it comes in
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
