Free Top Stories
Lithuania launches GIPL gas link with Poland
The €500mn pipeline will enable the Baltic states and Finland to receive pipeline gas from Western Europe for the first time.
Hungarian government weighs alternatives to Russian energy
The fundamental problem remains that the government has done little to lessen its dependence on Russian energy sources over the past 12 years; if anything, it has deepened its dependence.
Serbia to get Europe's largest agro-solar plant
Fintel Energija and MK Group signed a memorandum of understanding with PowerChina on the €340mn Agrosolar project in Kula.
Hungary says it would veto EU’s Russian oil embargo in current form
Budapest still blocking EU consensus despite being offered extension until end of 2023.
Czechs join Slovakia and Hungary in demanding exemption from EU embargo on Russian oil
Heavily-dependent states will be allowed to buy Russian oil exports until the end of 2023, while other states have to cease crude deliveries in six months.
REM: Europe invested €41bn in new wind farms in 2021, says WindEurope
Europe invested €41bn ($43bn) in 2021 in new wind farms, says WindEurope. But the market is only half the size it should be for Europe to reach its new climate change and energy security targets, says the trade group.
Europe proposes to ban all Russian oil imports by the end of the year
The EU will sanction all Russian oil imports, both crude and refined and both oil delivered by ship and pipeline, but the ban will be “phased in in an orderly way,” EU President Ursula von der Leyen told the European Parliament on May 4.
Brussels proposes full ban on Russian oil
In proposals for its sixth sanctions package, the European Commission will suggest a total ban on all Russian oil in addition to removing Russian broadcasters from the airwaves and disconnecting Russia's largest bank from SWIFT.
DMEA: Ghana offers optimism on Tema
MEOG: Iran looks for alternatives
NorthAmOil: ExxonMobil, Chevron post first-quarter profits
US super-majors ExxonMobil and Chevron have posted multi-billion-dollar profits for the first quarter of 2022, during which West Texas Intermediate (WTI) crude prices averaged $95 per barrel and briefly rose above $120 per barrel.
AsianOil: Indian refiners reportedly negotiating oil import deal with Russia
Indian refiners are reportedly in talks over a six-month deal to import oil from Russia, while separate reports suggest the two sides are exploring alternative payment mechanisms.
EurOil: BP attributes record quarterly loss to Russia exit
UK-listed super-major BP has posted a record loss of $20.4bn for the first quarter of 2022.
LatAmOil: Olmeca refinery may cost as much as $14bn
The final price tag for the Olmeca refinery, which Mexico’s national oil company Pemex is building in Tabasco State, may be $14bn.
FSUOGM: Aliyev says TAP pipeline will reach full capacity in 2022
Ilham Aliyev, President of Azerbaijan, said on April 29 that the Trans Adriatic Pipeline (TAP) was on track to reach its full capacity of 10bn cubic metres per year in 2022, up from 8.2 bcm in 2021.
The likely impact of EU sanctions on Russian oil imports
The EU is mulling proposals for introducing a formal embargo on Russian oil imports, and Russia is already well-versed in embargo evasion techniques.
Afroil: TotalEnergies joins other IOCs in selling Nigerian onshore assets
TotalEnergies (France) intends to join other international oil companies (IOCs) in trimming its onshore portfolio in Nigeria.
Construction of Alexandroupolis LNG terminal launched to help reduce Balkans’ dependence on Russian gas
Greece is set to become a major gas supplier for the Balkans region, as investments aimed at achieving independence from Russian gas accelerate across Europe.
Hungary 'to continue to oppose EU sanctions on Russian oil'
Zoltan Kovacs, Hungary’s State Secretary for International Communications, says Budapest remains opposed to proposals to ban the import of Russian crude oil and natural gas into the EU.
Slovak government refuses to comment on speculation it will pay for Russian gas in rubles
Slovak Economy Minister Richard Sulik said the answer to this question would be made public "in due course".
The energy war with Russia escalates as Europe searches for ways to cut off Russian oil imports
Can Europe cut off supplies of Russian oil? If it does, how can it replace imports of Russian crude? Can Russia switch and sell its oil to other markets such as in Asia? Is there enough demand in new markets to absorb all the Russian oil?
Follow us online