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India and China Snap up Russian Oil in April Above 'Price Cap'

Τρι, 18 Απριλίου 2023 - 18:55

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations

OMV Petrom's Q1 Hydrocarbon Output Drops 4.1% Y/Y

Τρι, 18 Απριλίου 2023 - 16:49

Romania's top oil and gas group OMV Petrom [BSE:SNP] said that its hydrocarbon production dropped by an annual 4.1% to 116,300 barrels of oil equivalent (boe) per day in the first quarter of 2023

Bosnia's Federation Govt Approves 12.53% Cut in Wholesale Gas Price

Τρι, 11 Απριλίου 2023 - 19:06

The government of Bosnia and Herzegovina's Federation said it approved a decrease of 12.53% in the wholesale gas price in the entity, its second price cut this year

Britain's Harbour Energy, BP to Develop Viking CCS Project

Τρι, 11 Απριλίου 2023 - 18:49

Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with BP to develop the Viking CCS transportation and storage project

BSOG and its Partners Seek to Amend Romania's "Solidarity Contribution" in Court

Πεμ, 6 Απριλίου 2023 - 18:34

Black Sea Oil & Gas (BSOG) and its partners in the Midia offshore natural gas perimeter in the Black Sea, where gas production started last summer, have challenged in court the 60% solidarity contribution enacted by the Government on December 31 last year, Profit.ro reported

Oil Bosses Join Baghdad Talks in Sign of Iraq-Kurdistan Progress

Πεμ, 6 Απριλίου 2023 - 18:31

When Iraqi and Kurdish officials met in Baghdad this week over a long-running dispute that has halted oil exports from Iraq's semi-autonomous region of Kurdistan, insiders said the presence of international executives underscored a new resolve

Türkiye on Track to Complete First Nuclear Power Plant This Year

Τρι, 4 Απριλίου 2023 - 15:07

The plant's first unit is scheduled to begin operations this year, when the nation will commemorate the 100th anniversary of the republic. The remaining three units will be operational at a rate of one per year by the end of 2026

OPEC+ Cuts Risk Increasing Oil Prices, Straining Tight Oil Market, IEA Says

Τρι, 4 Απριλίου 2023 - 15:05

The International Energy Agency (IEA) on Monday warned that the new OPEC+ cuts risk straining the tight oil market and pushing up prices amid strong inflationary pressures that hurt vulnerable consumers worldwide

High Rollout of Electric Vehicles Could Earn UK Drivers £6.5B More by 2035

Πεμ, 30 Μαρτίου 2023 - 15:37

UK drivers could earn £6.5 billion ($8 billion) more by selling electricity back to the grid from their electric vehicle (EV) batteries during the teatime peak of electricity demand if the government follows a high deployment scenario of an EV rollout, a new analysis from UK-based think-tank Energy and Climate Intelligence (ECIU) said Wednesday

Türkiye Ready to Assist in Delivery of Natural Gas to Hungary, Says President Erdogan

Πεμ, 30 Μαρτίου 2023 - 15:33

Türkiye on Wednesday said it was ready to assist Hungary on natural gas delivery via the Trans-Anatolian Natural Gas Pipeline (TANAP)

Bulgaria Has Paid Almost 400 Million Euros for the Import of Azeri Gas

Τρι, 28 Μαρτίου 2023 - 14:02

Bulgaria has paid over 383 million euros for the purchase of Azeri gas in 2022. This was reported by the Russian news agency "Interfax" on Wednesday, citing unpublished data from the European Statistics Agency

Oil Mixed Over Growing Global Economic Growth Uncertainties

Τρι, 28 Μαρτίου 2023 - 14:02

Oil prices were mixed on Tuesday as negative global economic growth forecasts raised demand concerns, while a buyout deal of the defunct Silicon Valley Bank (SVB) allayed investor concerns about the US banking system

Asso.subsea Joins Forces for GAP Interconnection

Τρι, 28 Μαρτίου 2023 - 11:45

The GAP Consortium and Asso.subsea announce the signing of a Memorandum of Understanding (MoU) for cooperation on the two-gigawatt (2 GW) electrical interconnection between Greece and Egypt (Greece-Africa Power Interconnector – GAP). GAP project, founded by the Eunice Energy Group, is leading the transnational consortium between Greece and Egypt that aims