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NIS' Russian Owners Looking for Partners in Bid to Lift U.S. Sanctions - Vucic

Πεμ, 6 Νοεμβρίου 2025 - 11:15

The Russian owners of Serbia's U.S.-sanctioned oil and gas firm NIS are looking for partners for the company in a bid for the restrictions to be lifted, Serbia's president Aleksandar Vucic said on Wednesday

BP Profit Beats Expectations, But No News on Castrol Sale

Τετ, 5 Νοεμβρίου 2025 - 08:06

Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices. However, there was no update on the closely-watched sale 

North Macedonia's Okta Sees Net Profit Soar in Jan-Sept

Τετ, 5 Νοεμβρίου 2025 - 08:04

North Macedonia's oil refinery Okta said it has generated a net profit of 447.2 million denars ($8.4 million/7.3 million euro) in the first nine months of the year, significantly higher compared with 130.8 million denars booked for the prior-year period.

US Becomes First Country to Export 10 Million Tonnes of LNG in Single Month

Τρι, 4 Νοεμβρίου 2025 - 10:19

The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG. The U.S. exported a record 10.1 mmt of the liquid fuel in October, up from a revised figure of 9.1 mmt in September, LSEG data showed

Montenegro Defines Blocks for Planned Offshore Oil, Gas Tender

Τρι, 4 Νοεμβρίου 2025 - 10:15

The Montenegrin government said it has moved closer to launching a tender for offshore oil and gas exploration by adopting an amendment that precisely defines the blocks to be offered. The overall area of offshore blocks to be offered covers Montenegro's entire subsea 

OPEC+ Eight Members to Raise Output by 137,000 bpd in December

Δευ, 3 Νοεμβρίου 2025 - 15:45

The eight members of the OPEC+ group agreed to raise oil production by 137,000 barrels per day (bpd) in December, while pausing further increases from January to March 2026 due to seasonality, according to an OPEC statement on Sunday

West Balkan Power Producers Should Adopt Carbon Pricing as EU Tax Looms, Campaigners Say

Δευ, 3 Νοεμβρίου 2025 - 15:30

Western Balkan countries should work towards introducing their own carbon pricing on electricity generation to mitigate the impact of new EU taxes on fossil fuel-generated energy to be introduced next year, an environmental agency said in a report on Thursday

Trump and Xi Ease Tension With Truce on Tariffs, Rare Earths

Παρ, 31 Οκτωβρίου 2025 - 09:05

Donald Trump and Xi Jinping agreed to extend a tariff truce, roll back export controls and reduce other trade barriers in a landmark summit on Thursday, potentially stabilizing relations between the world’s biggest economies after months of turmoil

Ukraine Will Resume Gas Imports via Transbalkan Route in November, Expro Says

Παρ, 31 Οκτωβρίου 2025 - 09:00

Ukraine will resume importing gas from Greece via the Transbalkan pipeline in November following a sharp increase in Russian attacks on the country's gas and energy infrastructure, ExPro consultancy said on Thursday

Turkmenistan Halts Gas Exports to Turkey Amid Contract Talks

Πεμ, 30 Οκτωβρίου 2025 - 10:19

Turkmenistan has temporarily suspended natural gas exports to Turkey, according to an October 24 report by the Chronicles of Turkmenistan, which cited Maksat Babaev, chairman of the state concern Turkmengaz. Babaev made the announcement during a press conference following the Oil and Gas of Turkmenistan 2025 international conference

Shell Third-Quarter Profit Beats Expectations

Πεμ, 30 Οκτωβρίου 2025 - 10:18

Shell beat third-quarter profit forecasts on Thursday, helped by strong results from its gas division, and said it would maintain the pace of its share buyback programme at $3.5 billion over the next three months. The oil major said adjusted earnings, its definition of net

US Strikes $80 Billion Deal for New Nuclear Power Plants

Τετ, 29 Οκτωβρίου 2025 - 08:25

The U.S. government inked a partnership with the Canadian owners of Westinghouse Electric on Tuesday that aims to build at least $80 billion in nuclear reactors. It is one of the most ambitious plans in U.S. atomic energy in decades, underscoring

Bulgaria to Complete Vertical Gas Corridor by 2026, Energy Minister Confirms

Τετ, 29 Οκτωβρίου 2025 - 08:20

Bulgaria’s section of the Vertical Gas Corridor is progressing according to plan and is expected to be completed by the end of 2026, Energy Minister Zhecho Stankov announced. He underlined that the project is key to maintaining Bulgaria’s role as a strategic energy hub in Southeastern Europe