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Oil rises as market weighs OPEC filling Russia supply gap

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help…

Oil prices rise on supply fears

Global oil prices on March 9 morning rose by 2% due to concerns about disruptions in supplies from Russia to the market, Report informs referring to the auction data….

REPowerEU: Joint European action for more affordable, secure and sustainable energy

The European Commission has today proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030,starting with gas, in light of Russia’s…

Biden bans Russia oil imports to U.S.

U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong…

Gas futures in Europe rise over 8%

Gas futures prices in Europe at the opening of trading on Thursday exceeded $2,000 per thousand cubic meters, which means an increase of more than…

Italy for doubling the capacity of the TAP gas pipeline

Italy should diversify sources of energy resources, regardless of how supplies from Russia will be carried out in the future, Italian Prime Minister Mario Draghi…

Eyes on TotalEnergies as Shell confirms Russian exit

Energy majors continue to offload interests in Russia, with a series of divestment announcements by the likes of Shell, BP and Equinor. BP announced on…

Norwegian Equinor to exit Russia amid invasion of Ukraine

Norwegian energy group Equinor (EQNR.OL) said on Monday it will start the process of divesting from its joint ventures in Russia amid Moscow’s invasion of Ukraine. Equinor…

Norwegian Oil Fund freezes investments in Russia

The Norwegian Oil Fund decided to freeze investments in Russia due to the situation in Ukraine, said the Minister of Finance of the Kingdom Trygve…

BP decided to exit the capital of Rosneft

BP is selling 19.75% of Rosneft, and its head Bernard Looney is leaving the board of directors of the largest Russian oil company. This is…

SOCAR Ukraine: Fuel reserves still available

SOCAR Ukraine Energy, a subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Ukraine, operates on a full-time basis, Report informs. Thus, there are still fuel…

Oil tops $100 for first time since 2014 as Russia attacks Ukraine

Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a…

Bombs Light Up Ukraine as Oil Soars Past $100

Oil soared past $100 per barrel for the first time in years as Russian forces further escalated a conflict with Ukraine. A series of Associated…

ICGB has applied for certification as an independent transmission operator

The procedure for certification as an independent transmission operator is one of the key administrative steps that precede the commissioning of the pipeline The project…

Oil hits highest since 2014 on Russia-Ukraine escalation

Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern…

ICGB will be marketing the free capacity of the IGB pipeline via the RBP platform

ICGB will offer on the market free capacity from the Greece-Bulgaria interconnector through the RBP platform. The project company responsible for the implementation of the…

America Takes Pole Position on Oil and Gas

U.S. exports limit price increases and help check disruptive behavior by the likes of Russia and Iran While the Ukraine crisis was raising anxiety about…

Equinor fourth quarter 2021 and year end results

Equinor reports record high adjusted earnings of $15 billion and $4.4 billion after tax in the fourth quarter of 2021. IFRS net operating income was…

BP’s net income topped $7.5B last year

The net profit of the British oil and gas giant BP Plc attributable to shareholders amounted to $7.565 billion last year against a loss of…

Brent rises slightly

For the first time since October 6, 2014, Brent oil prices have exceeded $93 per barrel on world markets, Report informs referring to trading data and analysts’…

Gas prices grow 2.6%

Gas prices in Europe exceeded $970 per 1,000 cubic meters during exchange trading on February 4, Report informs referring to the London Stock Exchange ICE….

Southern Gas Corridor helps EU to keep prices in check – Kadri Simson

In particular, in the current context of rising energy prices and tight gas markets the relevance of the Southern Gas Corridor for enhancing security of…

Hydro tests completed on 2/3 of the Greece-Bulgaria interconnector route

Over 80% of the construction activities for the project have been completed, all crossings of the pipeline’s route with the existing infrastructure are now ready…

The LNG terminal near Alexandroupolis will boost IGB’s capacity after start of commercial operations

The project for FSRU and a 28 km long pipeline in Greece has strategic synergy with the IGB pipeline and will help increase its capacity…

EPDK: Azerbaijani gas supplies to Turkey decreased by 43% in November 2021

In January-November 2021, Azerbaijan exported 8 billion 72.9 million cubic meters of gas to Turkey from the Shah Deniz field, which is 22.7% lower than…

TAP pipeline ready to boost capacity a year earlier – MD to paper

The Trans-Adriatic Pipeline (TAP) is ready to expand its capacity one year in advance if needed to meet market demand, Managing Director Luca Schieppati told…

Analyst Forecasts Oil Moves Through February and Beyond

Oil prices will remain bullish through the end of February That’s what Rystad Energy’s senior oil markets analyst Louise Dickson said in a statement sent…

Oil prices rise slightly ahead of OPEC+ meeting

Global oil prices on January 28 morning rose slightly after falling on January 27. Investors continue to expect an OPEC+ meeting, Report informs. The price of April…

Bulgaria’s Chiren gas storage project to get funding from EU

Bulgaria’s Chiren underground gas storage expansion project will be funded by an EU grant in the amount of 78 million euros, Trend reports with reference to Bulgartransgaz….

Turkiye secures more gas supplies from Azerbaijan to meet growing demand

Country is increasing gas supply to meet growing demand due to cold weather and amid reduced flow from Iran following gas cut SOCAR Enerji Ticaret…

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