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Slovak, Hungarian, Austrian and Italian groups sign declaration backing continued gas transit through Ukraine

17 December 2024

Russia’s contract to transit gas through Ukraine is due to expire at the end of this year, putting 14 bcm per year of gas supply to Europe at risk.

Saudi Arabia extracts lithium from oilfield runoff, plans commercial pilot

17 December 2024

Saudi Arabia has successfully extracted lithium from brine samples from national giant Aramco's oilfields and plans to launch a commercial pilot programme for direct extraction soon.

Tajikistan: Officials announce discovery of major rare earth deposits

17 December 2024

Still a way to go before rare earths will generate revenue.

Czech government to push against ETS 2 emissions trading system implementation

17 December 2024

The Czech government is also opposing the European Commission’s proposal to lower emissions in 2040 by 90% compared to 1990 and wants to revise EU goals on phasing out combustion engines in the car industry.

Hungary's state utility giant buys E.ON’s energy supply operations in Romania

17 December 2024

MVM will acquire a 68% stake in E.ON Energie Romania, which has close to 3.4mn customers, and a 98% stake in regional service provider E.ON Asist Complet.

Balancing growth and sustainability: Southeast Asia’s energy dilemma

17 December 2024

With its rapidly growing economies, booming populations, and increasing urbanisation, Southeast Asia is witnessing a tremendous surge in energy demand

China’s leftover “gutter” cooking oil becomes bio-sustainable aviation fuel wonder

16 December 2024

China’s notorious “gutter oil” was once a source of food safety scandals, but has undergone a green revolution that has made it worth more than kerosene.

More help needed for Ukraine’s ravaged energy sector

16 December 2024

A multi-million-euro fund launched by Ukraine’s European allies to help the war-ravaged energy sector is running low on cash as power providers struggle to keep the lights on this winter.

Kosmos, Tullow in early talks on potential merger to create West Africa-focused producer

16 December 2024

US oil and gas company Kosmos Energy on December 12 confirmed it was in early talks for an all-share acquisition of Tullow Oil, a London-headquartered independent energy company, following media speculation

Moldova announces it has enough natural gas reserves for the entire winter

16 December 2024

Moldovagaz says it has already purchased 747.9mn cubic metres of natural gas ahead of the expected cut-off of Russian gas supplies via Ukraine.

Iranian oil sales to China nosedive as fresh sanctions bite

15 December 2024

Iran’s oil exports to China have dropped to a record low in two years, a senior analyst at consultancy HedgePoint said, an indication that recent US sanctions cracking down on Iranian crude have been delivering.

COMMENT: Will the US exit Syria, return its oil fields?

15 December 2024

The United States is now confronting a complex decision about its military presence in the country's oil-rich northeast.

Geothermal energy poised for major global expansion, says IEA chief Fatih Birol

15 December 2024

"Geothermal energy could see transformative global growth thanks to advancements in technology and expertise from the oil and gas sector," the International Energy Agency (IEA) said in a report groundbreaking report released on December 13.

First major oil spill by Russia's shadow fleet as major storm rips oil tanker apart in Kerch straits

15 December 2024

A major storm ripped a Russian oil tanker apart, tearing off its nose on December 15. A total of two ships have reportedly sunk as a result of the storm and at least four crew members are thought to have lost their lives, TASS reports.