Mediterranean-focused Energean has made a commercial gas discovery at the Hermes exploration well offshore Israel, with recoverable resources estimated at 7-15 Bcm, it said Oct. 6. Energean, which is expected to start production from its […]
Asian refiners are poised to conduct rigorous discussions and negotiations with major Middle Eastern crude producers in an effort to secure a steady inflow of Persian Gulf supplies on a longer term contractual basis amid […]
HELSINKI/BRUSSELS, Oct 5 (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International […]
Cheap US natural gas shipments to Europe are a thing of the past, Texas-based Tellurian’s cofounder said. Inflation means suppliers are looking at paying twice as much to ship LNG, Charif Souki said Tuesday. The […]
The Renewable Energy Association of Nigeria (REAN) has put the total cost of unreliable electricity in Nigeria at over $25 billion. Due to the frequent collapse of the national grid and the comatose grid electricity supply, REAN has […]
MOSCOW, Oct 4 (Reuters) – The operators of two Baltic Sea gas pipelines that linked Russia and Germany until they both sprang major leaks last week said they were unable to inspect the damaged sections […]
An annual update from Urgewald and 40 partner NGOs found that 46% of companies on its Global Coal Exit List were pursuing new coal power plants, coal mines or new coal transport infrastructure. “Investors, banks, […]
Energy analysts believe deep production cuts from OPEC+ could yet backfire for U.S. ally Saudi Arabia. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by […]
VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ agreed its deepest cuts to oil production since the 2020 COVID pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight market despite pressure from the United […]
European Union ambassadors have reached an agreement on a new package of sanctions against Russia, including a price cap. The political agreement on the price cap contains measures to soften the impact of the sanctions […]
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