English Edition

Russia's Oil and Gas Revenue Seen Halving in December to Lowest Since August 2020

Παρ, 12 Δεκεμβρίου 2025 - 20:04

Russian state oil and gas revenue is likely to almost halve in December compared with a year ago to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday

Israeli Energy Minister Expects Gas Export Deal With Egypt ‘Within Weeks’

Παρ, 12 Δεκεμβρίου 2025 - 20:00

Israeli Energy Minister Eli Cohen said Thursday he expects Israel and Egypt to sign their new natural gas export agreement “within weeks.”

Europe's EV Sector Warns About 'Efforts to Dilute' EU Emissions Targets

Πεμ, 11 Δεκεμβρίου 2025 - 09:48

Leaders from across Europe's electric car industry on Wednesday urged the European Commission to stick to its 2035 zero-emission target for new cars, warning that any retreat would undermine investment and widen the bloc's gap with China

Petrom, Romgaz to Drill 90 Mln Euro Offshore Exploration Well

Πεμ, 11 Δεκεμβρίου 2025 - 09:45

Romania's top oil and gas group OMV Petrom said on Wednesday that, together with local natural gas producer Romgaz, it will drill a deep water exploration well, named Anaconda-1, in the Black Sea, immediately after the completion of development drilling at the Neptun Deep offshore gas project

Azerbaijan’s SOCAR, Hungary’s MVM ONEnergy Sign Natural Gas Supply Deal

Τετ, 10 Δεκεμβρίου 2025 - 20:25

Azerbaijan's State Oil Company (SOCAR) President Rovshan Najaf and Hungaria's MVM Group CEO Karoly Matrai signed a new natural gas supply agreement on December 10 that will come into effect on January 1, 2026

EU to Fast-Track Power Grid Projects in Race to Lower Energy Prices

Τετ, 10 Δεκεμβρίου 2025 - 20:19

The European Union is set to accelerate approvals for energy grid projects and develop EU-wide plans for cross-border electricity infrastructure to curb high energy prices that industries have warned make Europe uncompetitive

EnEarth in Talks to Act as Storage Operator for Heidelberg Material’s ANRAV Project in Bulgaria

Τρι, 9 Δεκεμβρίου 2025 - 19:57

EnEarth, an Energean subsidiary dedicated to advancing carbon storage and decarbonisation initiatives, is pleased to announce that it has signed a term sheet with Heidelberg Materials to negotiate

Exxon Boosts Forecast, Aims for $25 Billion Earnings Growth by 2030

Τρι, 9 Δεκεμβρίου 2025 - 19:53

Exxon Mobil is targeting $25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top U.S. oil producer said on Tuesday as it leans on profitable assets in Guyana and the Permian Basin

India Says No Advisory to Stop Clean Energy Funding

Δευ, 8 Δεκεμβρίου 2025 - 08:38

India's clean energy ministry on Sunday said it had not issued any advisory to pause or halt new financing for the sector. The clarification came after Reuters reported on Friday that the ministry had urged lenders to proceed slowly in financing new solar module plants because supply had exceeded demand.

Bulgaria Seals Major Deal for Kozloduy NPP’s New Nuclear Units

Δευ, 8 Δεκεμβρίου 2025 - 08:34

A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium. Energy Minister Zhecho Stankov described the agreement as a milestone, calling the project the most significant undertaking not only for the current decade but also for the next one