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FT: Europe no longer trusts Moscow’s energy brand

The EU faces hard but necessary choices if it is to end its reliance on Russian gas imports Among Vladimir Putin’s many miscalculations was his…

Gas prices in Bulgaria may rise by a third in the near future

Gas prices in Bulgaria may rise by about 35% from May, because due to the suspension of gas supplies from Russia, prices will almost completely…

Gas prices in Europe fall

Gas prices in Europe fell to $1,100 per 1,000 cubic meters at auction on April 28, after a 20% jump on April 27, Report informs referring to…

South Korea to divert gas supplies to Europe over Ukraine crisis

South Korea plans to send part of its liquefied natural gas (LNG) supplies to Europe to help ease an energy crisis over Russia’s invasion of…

Press statement by President von der Leyen on the disruption of gas deliveries to certain EU Member States

Gazprom’s announcement that it is unilaterally stopping gas delivery to certain EU Member States is another provocation from the Kremlin. But it comes as no…

Bulgaria suspending gas imports from Gazprom Export

Bulgargaz EAD received a notification on April 26 on suspension of natural gas deliveries from Gazprom Export as of April 27, 2022, Trend reports via Bulgarian…

Gas prices in Europe fall to $1,250 per 1,000 cubic meters

Gas prices in Europe at the opening of trading on the stock exchange on April 27 increased by 16%, exceeding $1,300 per 1,000 cubic meters,…

Oil rises on Russia gas tension, China stimulus hopes

Oil prices extended gains in early Asian trade on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Poland, while hopes of Chinese…

Supertanker load of US oil arrives in Europe for first time in six years

Supertanker Vessel Solana, with around 2 million barrels of US oil, has docked at the Spanish port of Bilbao in mid-April, after which he left…

Equinor presents its first Energy transition plan

Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting…

Hydrotests on the entire route of the IGB pipeline have been completed

Hydrotesting of all 8 block valves has also been performed successfully, the construction activities on the two gas measuring stations are progressing with a steady…

High Prices Make Oil And Gas Much More Appealing To Big Banks

Banks have been actively seeking ways to distance themselves from the oil and gas industry in recent years under growing pressure from pro-energy transition activists….

Erdogan offered the Austrian chancellor cooperation in transporting gas to the EU

Turkish President Recep Tayyip Erdogan proposed to Austrian Chancellor Karl Nehammer to expand cooperation to transport Caspian and Mediterranean gas to Europe through Turkey, the…

Oil prices dive as U.S. considers record reserves release

Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum…

Israel-Turkey gas pipeline an option for Russia-wary Europe -sources

A Turkey-Israel gas pipeline is being discussed behind the scenes as one of Europe’s alternatives to Russian energy supplies, but it will take complicated maneuvering…

European Gas Prices Rise as Norway Flows Dip Amid Cool Weather

European natural gas gained as colder weather at the end of winter combined with a dip in flows from Norway.    Benchmark futures rose for…

Equinor-bp JV awards new contract to Maersk

Empire Offshore Wind, a joint venture between Equinor and bp, has awarded a contract to Maersk Supply Service for charter of its newbuild wind installation…

Erdogan to discuss Israeli gas supplies to Turkey

Deliveries to Turkey of natural gas produced by Israel in the Mediterranean Sea will be the subject of discussion against the background of an attempt…

The IGB pipeline has successfully connected to TAP

The interconnector links Bulgaria to the Trans Adriatic Pipeline, allowing for Azerbaijani gasto be transmitted from Greece to Italy and the SEE region  The interconnector Greece-Bulgaria has successfully connected to the Trans Adriatic Pipeline (TAP). The physical tie-in was executed…

BofA Global Research Reveals Top Big Oil Picks

In a new report sent to Rigzone this week, which was published alongside a European Gas Primer report from the company, BofA Global Research published…

OPEC+ Deal Rationale Expected to Vanish

Russian oil output will fall sharply, removing the rationale for the OPEC+ agreement That’s what analysts at Standard Chartered expect, according to a new report…

Commercial Operators Advised to Avoid Ukraine EEZ

Dryad Global has advised that all commercial operators avoid any transit or operations within the Ukrainian EEZ and the EEZ of Russian Crimea in its…

Oil jumps as Russia-Ukraine talks stall

Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia…

TAP currently able to reach full transport capacity

The Trans Adriatic Pipeline (TAP) is currently able to reach the full transport capacity of 10 bcm per year, said Luca Schieppati, TAP Managing Director, Trend reports…

Gas prices in Europe exceed $1,200

Gas prices in Europe, after falling since last week, rose on March 17 auctions, slightly exceeding $1,200 per 1,000 cubic meters, Report informs referring to the London…

Cheaper Oil May Be Short Lived

The reprieve of cheaper oil may be short lived. That’s according to Rystad Energy’s senior oil market analyst Louise Dickson, who said falling prices indicate…

Turkey in search of gas: it has a fourth drilling ship

Turkey’s fourth offshore drilling vessel, Cobalt Explorer, will soon arrive from South Korea. The drilling ship left South Korea on March 7 and March 12,…

Expert Explains This Week’s Oil Price Moves

In this week’s edition of oil and gas industry hits and misses, Rigzone’s regular market watchers focus on the reasons behind the wild oil price…

Oil steadies amid supply doubts, but heads for sharp weekly decline

Oil prices stabilised on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian…

EIA Makes Huge 2022 Oil Price Forecast Adjustment

The U.S. Energy Information Administration (EIA) has raised its 2022 Brent spot average price forecast by more than $22 per barrel, the organization’s March Short…

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