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Slovenia to compensate energy-intensive companies under €100mn scheme

Lithuanian foreign minister says EU latest Russia sanctions overlooking Rosatom “regrettable”

Five turbines erected at Estonia’s Enefit Green's new wind farm

Lithuania’s Klaipedos Nafta cuts losses to €5.5mn in 2022

Ex-CEO of South Africa utility Eskom says government meddling, entrenched corruption made job impossible

Ghana trade and industry minister nominee under fire over disbursal of proceeds from GNPC drillship sale

Russia still earning half a billion dollars a day from oil exports

Despite major efforts by the US, the EU and other countries to restrict Russia's fossil fuel revenues, the country is still earning more than half a billion dollars from oil and gas sales per day.

Shell enters Armenia

Poland’s PKN Orlen nearly quadruples profit in Q4

ExxonMobil issues warning on potential risks to oil operations in Kazakhstan

Kazakhstan says it held talks on gas pipeline to connect Russia and China

Egyptian public sector companies and Norway’s Scatec sign deal to invest in green ammonia production

Two Egyptian public sector companies, Egyptian Petrochemicals Holding Co. (ECHEM) and Misr Fertilizers Production Co. (MOPCO), have agreed with Norway’s Scatec to invest in a new domestic green ammonia production facility using green hydrogen.

Urals oil price is increasingly meaningless, allowing Russian-owned refineries in Europe to build up slush funds

After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.

Saudi Arabia’s Luberef awards Petrojet $148mn EPC contract for Yanbu Growth II Expansion Project

Saudi Aramco Base Oil Company (Luberef) has signed a SAR555mn ($148mn) engineering, procurement and construction (EPC) contract with Egypt’s Petrojet for the expansion of Yanbu facility (Growth II),

Bulgaria seeks regasified LNG via Turkey

UNIDO supports Turkmenistan in reducing consumption of ozone-depleting substances

Temarise acquires 80% of Parabellum's Mongolia Khotgor rare earths project for $15mn

DMEA: Luberef considers 50% dividend

How big is Russia's "ghost fleet" of oil tankers?

How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.

MEOG: ADNOC to list 4% of gas unit

Lack of low-emission, low-cost oil and gas puts energy transition at risk: WoodMac

First ever offshore wind sale proposed in US Gulf of Mexico

The US Department of the Interior today is proposing the first-ever offshore wind lease sale in the Gulf of Mexico.

Lukoil, KMG target launch of Caspian oilfields in 2028

Spain's Aquila Clean Energy to erect wind farms in Lithuania

Orlen Lithuania ups Q4 revenues by 28%, profit soars 56%