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EU Council prolongs sanctions against Turkey overt anauthorised drilling in EastMed

Following the review of the framework for restrictive measures in response to Turkey’s unauthorised drilling activities in the Eastern Mediterranean, the European Council adopted...

Fearing recovery setback, OPEC+ sticks to plans to raise oil output gradually

The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so called OPEC+, dismissed demands from the United States...

KazMunayGas and Linde ink MoU under green hydrogen and ammonia project

Kazakhstan’s national oil and gas company KazMunayGas and Germany-based technology company Linde have signed a Memorandum of Understanding to cooperate and jointly develop clean...

Uzbekistan to expand energy sector, renewables

The Uzbekistan government’s key priority remains the expansion of energy and, especially, in the renewables sectors, Chris Weafer, co-founder of Macro-Advisory in Moscow, said,...

Egypt, Cyprus and Greece ink deal to construct electricity interconnector

Greek Prime Minister Kyriakos Mitsotakis, Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah el–Sisi met in Athens, Greece, on October 19 where they...

Covid recovery, supply chain woes ratchet up oil prices

Oil prices hit multi-year highs this week as Covid recovery and coal, electricity and natural gas shortages are fueling demand for crude.“It has a...

EU mulls technical assistance to Moldova amid Russian gas shortage crisis

The European Union is looking for ways to help Moldova following a supply shortage of natural gas and the absence of a new energy...

EU Commission toolbox of measures to tackle high energy prices

The European Commission proposed on October 13 a package of measures to help shield European consumers from the storm of rising energy prices.The Commission...

Uzbekistan seeks energy hub role for Central Asia

Growing integration of national energy systems across the five nations of Central Asia is helping to ease congestion and power outages arising from peak...

Satisfied OPEC+ keeps oil supply status quo

At the OPEC+ meeting, which came against a backdrop with Brent trading just under $80 per barrel, oil ministers decided on October 4 to...

Russia puts the freeze on EU, gas supplies limited, prices spike

With gas prices surging, Members of the European Parliament have called for an investigation into market manipulation from state and non-state actors, and into...

MEPs call for binding methane emissions target

In a report on the EU Strategy to reduce methane emissions, Members of the European Parliament called on September 28 for binding reduction targets...

ENI achieves start-up from Cabaca North project deep offshore Angola

Italian energy giant ENI said on September 24 the company started production from Cabaca North development project, in Block 15/06 of the Angolan deep...

EU seeks solution for soaring electricity prices

As electricity prices increase across the EU, the bloc’s energy and transport ministers met in Slovenia this week to discuss measures to help lower...

Time is not on our side: EUMed 9 leaders discuss climate crisis

ATHENS - Meeting at Greece's capital on September 17, the EUMed 9 summit leaders signed on September 17 the Athens Declaration on climate change...

After Taliban’s takeover of Afghanistan, TAPI is more of a pipe dream

The regime change in Afghanistan and the removal of Western political influence will probably make the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline even...

TotalEnergies inks major energy deals in Iraq

TotalEnergies, the Iraqi Ministries for oil and electricity, and the country's National Investment Commission have signed, in the presence of Iraqi Prime Minister Mustafa...

OPEC+ keeps output increase to 400,000 bpd despite US calls for more supply

Oil prices increased on September 3 after slow recovery for US Gulf Coast exports from hurricane Ida earlier this week and the decision by...

Uzbekistan names new Uztransgaz Chairman

The Uzbekistan government said on September 2 it has named Bekhzot Narmatov as the new chairman of the management board of Uztransgaz JSC, the...

Greece’s Energean sees higher production and revenues, lower CO2 1H 2021

The London-based independent E&P company focusing on developing resources in the Mediterranean, Energean. announced on September 2 to the London Stock Exchange and the...

Greek Foreign Minister Dendias chasing shadows in Skopje?

Greek Foreign Minister Nikos Dendias traveled to North Macedonia August 31, for a hastily scheduled official visit to the country while his own capital...

Russia’s hand in Nord Stream 2 could be nightmare alley for EU

The European Union needs to boost energy security and provide alternatives and others, Justin Urquhart Stewart, co-founder of UK Regional Investment Platform Regionally, told...

Oil prices fall on signals Fed will start tapering stimulus measures

Oil prices fell to three-month lows this week due to the signal from the Federal Reserve that it will start tapering stimulus measures and...

Italy’s ENI starts production of the Cuica field offshore Angola

Italian energy major ENI said on August 13 the company started production of the Cuica Field, in Block 15/06 of the Angolan deep offshore,...

As the Gulf recovers, knowledge-based economies prove the way forward

As the world economy slowly emerges from the COVID crisis, it is the Gulf region that is making the most impressive rebounds. At the beginning...

Ukraine’s Naftogaz seeks investors to boost energy security

Ukraine’s national joint stock oil and gas company Naftogaz said on August 6 it initiates the Ukraine Gas Investment Congress (UGIC) in order to...

Poland continues quest to delay the start of Nord Stream 2

Polish state-owned gas company PGNiG said on August 2 it expects to be granted participation in certification proceedings concerning the controversial Nord Stream 2...

How the Austrians and their Chancellor charmed the Arabs

In late July, the Austrian capital of Vienna hosted a special guest. It was none other than the Crown Prince of Abu Dhabi. The...

Eriell focuses on Uzbekistan and Russia, eyes Gulf region

Eriell, an international oilfield services group, presented on July 29 information on production indicators achieved in the first half of 2021 and upcoming projects.Despite...

Germany bypasses EU, makes Nord Stream 2 deal with US

An agreement reached between Washington and Berlin this week effectively removed a threat of sanctions against the controversial Nord Stream 2 gas pipeline from...

Erdogan’s visit to the Turkish-occupied northern district of Cyprus

Whatever Turkey's President Recep Tayyip Erdogan expected to come out of his visit to the occupied part of Cyprus – on the day that...

Revised OPEC+ deal very favourable for Russia

As the global economy recovers from the Covid pandemic fueling oil prices, OPEC+ countries, including Saudi Arabia and Russia, reached a deal via videoconference...

Making sense of the Italy-UAE rift

Earlier this month the United Arab Emirates (UAE) ordered the withdrawal of all Italian aircraft and personnel from its Al Minhad Air Force Base...

EU climate policy to boost energy security

PRAGUE – The day before the EU Commission presented its ‘Fit for 55’ package proposals in Brussels, the Czech Republic’s Deputy Foreign Minister for...

Russia unlikely to interfere in Saudi-UAE dispute to raise oil output

“There is a very wise old saying that ‘it is a very foolish person that seeks to interfere in family disputes,’” Chris Weafer, co-founder...

OPEC+ seeks agreement on oil production policy

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC, an energy alliance often referred to as OPEC+, was expected to reconvene via teleconference on...

Uzbek fuel industry focuses on the creation of high-tech petrochemical clusters

Uzbekistan has undergone radical reforms in the years since President Shavkat Mirziyoyev assumed power in late 2016, including the easing of conditions for foreign...

China tensions, Iran nuclear talks support oil price hike

Oil prices traded close to a three-year high on June 24, supported by geopolitical tensions, including China and Iran, falling US inventories and prospects...

EU Parliament adopts greener funds for regional development and cooperation

The European Parliament adopted on June 23 three EU funds to strengthen the EU’s economic, social and territorial cohesion with a total of €243...

EU antitrust chief approves Greek public support for Alexandroupolis LNG terminal

A €166.7 million Greek support measure for the construction of a new liquid natural gas (LNG) terminal in Alexandroupolis, Greece complies with EU state...

Uzbekistan implements large-scale reforms to strengthen energy industry

Uzbekistan’s energy sector has taken major steps towards renewable energy sources and reducing CO2 emissions, boosting cooperation with its international partners.In a recent garden...

EU Council agrees on new rules in connecting energy infrastructure

The European Council has reached a general approach on the revision of the Trans-European Networks for Energy (TEN-E) Regulation.According to the Council, the objective...

Israel-UAE oil transport deal sparks environmental, security concerns in Tel Aviv

Israel's Environmental Protection Minister Gila Gamliel has called on National Security Council head Meir Ben Shabbat to cancel an oil deal recently signed with...

Hungary’s MOL Group to acquire OMV Slovenia

Austrian energy major OMV and Hungary’s MOL Group have announced the agreement for MOL Group to acquire OMV Slovenia.According to OMV, the agreement encompasses...

The last party in the oil market

The Organization of the Petroleum Exporting Countries (OPEC) and other major crude producers led by Russia, a group so-called OPEC+, agreed on June 1...

EU to help Kazakhstan upgrade Atyrau oil refinery to address air and soil pollution

The European Bank for Reconstruction and Development (EBRD) will finance a $80 million-equivalent loan to help Kazakhstan upgrade the wastewater treatment facilities at the...

France’s Total inks 5-year LNG supply agreement with AMNS in India

France’s Total and ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG)...

No waves here: US waives sanctions for Nord Stream 2, CEO too

The US Department of State submitted on May 19 a report to Congress pursuant to the Protecting Europe’s Energy Security Act (PEESA), as amended,...

ENI and BP mull combining Angolan interests into new joint venture

Italy’s ENI and British Petroleum announced on May 19 they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on...

EU Parliament approves €17.5 billon transition fund for greener economy

The €17.5 billion Just Transition Fund (JTF), which will help EU countries address the social and economic impact of the transition to climate neutrality,...

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