logo
Archive

Category: İnteresting News

Exxon smashes Western oil majors’ profits with $56 billion in 2022

Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and…

South Korea may build four nuclear power plants in Turkiye

Chief of South Korea’s Korea Electric Power Corp. (KEPCO) Cheong Seung-il met with Turkiye’s energy minister, Fatih Donmez, on Monday and presented the proposal regarding the construction of…

Axpo sells its 5% stake in TAP to Fluxys and Enagás

Axpo has agreed the sale of its 5% stake in the Trans Adriatic Pipeline AG (TAP) to TAP shareholders Fluxys and Enagás S.A, it was…

Georgia seeks $3 billion to expand power generation

Amid rising local and international demand, Georgia seeks to start new energy projects and revive old ones. But will they survive the usual controversies? The…

Oil prices rise $1 on China’s reopening optimism

Oil prices rose as much as $1 on Friday, extending gains from the previous trading session on hopes of a China demand boost and after…

BP criticized for plans to spend more on oil and gas projects than on green energy

British oil and gas corporation BP has been criticized for planning to spend twice as much on oil and gas projects as it does on…

HSBC Halts Finance for New Oil and Gas

The bank has been one of the world’s biggest backers of fossil fuels HSBC Holdings Plc will no longer finance new oil and gas fields or…

Analysis: Easy to dodge EU gas cap unlikely to tame prices

A gas price cap agreed by the European Union will be easy to avoid and is unlikely to achieve the bloc’s aim of reducing energy…

Murder on rig: Criminal inquiry into death of British worker off Qatar ongoing

Following an incident on an oil rig in the Persian Gulf, Qatari authorities have opened a criminal investigation to uncover the mystery surrounding the events,…

Azerbaijan’s SOCAR halts Russian crude supplies to Turkish refinery

Azerbaijan’s state oil firm SOCAR has paused purchases of Russian crude oil for its Turkish refinery, industry sources said, in a sign Western sanctions are…

TAP maximizes capacity offered to market

The Trans Adriatic Pipeline (TAP) has maximized the capacity offered to the market on a day ahead basis, Report informs, citing the consortium’s Twitter account. “The pipeline…

Erdogan discusses with Putin the construction of a second nuclear power plant in Turkey

Turkish President Tayyip Erdogan said on the plane upon his return from Indonesia that he was discussing with Russian President Vladimir Putin the construction of…

EU to propose natural gas price cap after Nov. 24 meeting

The European Commission plans to propose a cap on natural gas prices after Nov. 24, as it seeks to contain an energy crisis stemming from…

95 mcm of gas transported via Greece-Bulgaria gas pipeline in a month

Over 1 billion kWh of gas was transported through the Greece-Bulgaria interconnector (ICGB) in the first month of commercial operation. According to the pipeline operator…

Gas prices in Europe rise 5%

Gas futures in Europe rose by 5% in early trading on November 4, Report informs referring to the London Stock Exchange ICE. December futures (according to…

Libya agrees gas deal with Eni and BP

 Libya has agreed with Eni ENI.MI and BP BP.L to begin extracting natural gas from a Mediterranean gas field believed to be bigger than Egypt’s huge Zohr field, the…

Reuters: Druzhba Russian oil pipeline leak looks like an accident

Poland said on Wednesday it had detected a leak in one of the Druzhba pipelines bringing oil from Russia to Europe and said it was…

Oil rises sharply ahead of OPEC+ meeting

World oil prices rose by 2.5% on Monday morning, as investors focus on reports of the prospects for a significant reduction in OPEC + production…

Greece-Bulgaria Pipeline Starts Operations to Boost Non-Russian Gas Flows

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost…

Analysis: Exposed Europe steps up energy defences after Nord Stream ‘sabotage’

Major leaks blamed on sabotage on the subsea Nord Stream gas pipelines from Russia to Europe have put governments from Oslo to Rome on high…

Gas starts flowing to Poland through new Baltic Pipe pipeline

Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline…

Global oil prices grow

Global oil prices grew on September 27 morning after falling the day before, Report informs referring to the auction data. The price of December futures for Brent…

TAP to transport more gas to Italy this year, says Managing Director

The Trans Adriatic Pipeline (TAP) may transport more than 9.5 billion cubic meters of gas to Italy this year, 2.5 times higher than the previous…

Gas prices in Europe fall 2.6%

Exchange gas prices in Europe on September 23 fell by less than 3% and are still below $1,900 per 1,000 cubic meters, Report informs referring to the…

Gas prices in Europe drop below $2,300

Gas prices in Europe at the opening of trading on September 2 fell below $2,300 per 1,000 cubic meters, according to the London ICE exchange, Report informs…

Serbia plans to purchase gas from Azerbaijan in 2023

Serbia plans to purchase gas from Azerbaijan in 2023, Serbia’s President Aleksandar Vucic said Report informs, citing Reuters, that, according to Vucic, the country’s finances were resilient…

BP Selling Stake in Ohio Refinery

BP has announced that it has reached an agreement to sell its 50 percent stake in the BP-Husky Toledo Refinery in Ohio to Calgary-based Cenovus….

Oil Supermajors Continue to Hold Back on Investment

Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new report from Fitch Solutions Country Risk & Industry Research…

BP to boost spending on oil and gas by $500 mln, CEO says

BP is increasing its spending on oil and gas by $500 million in response to soaring energy prices and tightening supplies, Chief Executive Officer Bernard…

The average gas price on the stock exchange in Europe rose by almost 50% in July

The average monthly settlement price of gas on the European stock exchange has risen sharply by almost 50%, from $1,180 per thousand cubic meters in…

0

Your Cart