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Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Top U.S. oil producer Exxon Mobil  and Hess  will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields

Bulgaria Launches EUs Largest Battery Storage System

Bulgaria Launches EU's Largest Battery Storage System

Bulgaria inaugurated a 124 MW/496.2 MWh battery energy storage system (BESS), the EU's largest, in the north-central city of Lovech, the municipal government said. The project represents an investment of 147 million levs ($85 million/75.2 million euro) by Sofia-based renewable energy company Advance Green Energy, state news agency BTA reported

Global LNG Exports Rise 3.1% in 1st Quarter on Soaring EU Demand

Global LNG Exports Rise 3.1% in 1st Quarter on Soaring EU Demand

Global liquefied natural gas (LNG) exports increased by 3.1% year-on-year in the first quarter of 2025, reaching approximately 109.3 million tons, according to a report from the Organization of Arab Petroleum Exporting Countries (OAPEC)

Russias Gazprom Neft Q1 Net Profit Falls 42% y/y to $1.2 bln

Russia's Gazprom Neft Q1 Net Profit Falls 42% y/y to $1.2 bln

Gazprom Neft, the oil arm of Russian energy giant Gazprom, said on Wednesday its first-quarter net profit dropped 42% to 92.6 billion roubles ($1.2 billion), hurt by declining sales and foreign exchange-related losses

Turkey Announces Major Shale Oil Reserve Discovery

Turkey Announces Major Shale Oil Reserve Discovery

Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkey’s southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said

EBRD Backing VGP’s Investments in Croatia, Romania, Serbia

EBRD Backing VGP’s Investments in Croatia, Romania, Serbia

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it has successfully subscribed to a 76 million euro ($85 million) ticket as part of the existing green bond programme of VGP, a pan-European provider of logistics and semi-industrial real estate to back its expansion in central and southeastern Europe

US Lifts Ban on New York Offshore Wind Project After Gas Compromise

US Lifts Ban on New York Offshore Wind Project After Gas Compromise

The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that could also see cancelled plans for a gas pipeline revived, officials said on Tuesday

Chevron Reaffirms Strategic Interest in Greek Hydrocarbons

Chevron Reaffirms Strategic Interest in Greek Hydrocarbons

Chevron has reaffirmed its growing strategic interest in Greece’s hydrocarbon potential, as Greek Minister of Environment and Energy Stavros Papastavrou met with senior executives from the U.S. energy giant at the company’s headquarters in Houston last Thursday. 

Bulgaria in Talks With US Hedge Fund to Expand Turkstream Capacity

Bulgaria in Talks With US Hedge Fund to Expand Turkstream Capacity

Boyko Borissov, leader of Bulgaria’s ruling GERB party, has announced talks with US investors to expand the TurkStream pipeline extension – currently the sole route for Russian pipeline gas to Central Europe and nearly fully supplied by Gazprom

Belgian Parliament Scraps Nuclear Phaseout Plan

Belgian Parliament Scraps Nuclear Phaseout Plan

Belgium has dropped nuclear phaseout plans adopted over two decades ago. Previously, it had delayed the phaseout for 10 years over the energy uncertainty triggered by Russia's invasion of Ukraine

UAE to Boost Energy Investments in US to $440 Billion by 2035

UAE to Boost Energy Investments in US to $440 Billion by 2035

The United Arab Emirates plans to increase the value of its energy investments in the United States to $440 billion in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour