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Energy Assets Affected by Russia-West Standoff and Sanctions

Πεμ, 27 Μαρτίου 2025 - 19:18

The United States reached separate deals on Tuesday with Ukraine and Russia to halt attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow

SOCAR, Union Energy Agree to Explore for Gas in Israel's Exclusive Economic Zone

Τετ, 26 Μαρτίου 2025 - 10:23

The State Oil Company of Azerbaijan Republic (SOCAR) and Israeli company Union Energy have signed a memorandum of understanding on joint exploration for gas in Israel's exclusive economic zone (EEZ), Azerbaijani Economy Minister Mikayil Jabbarov said on social media. "The implementation of this agreement will facilitate the expansion of the parties' international

No EU Cooperation with Turkey on Defence as Long as it Does Not Respect the Law of the Sea, says Faradouris

Τετ, 26 Μαρτίου 2025 - 09:18

“No EU cooperation with Turkey on Defence and Security as long as it does not respect our common values, the borders of all Member States, democracy, the rule of law, human rights, international treaties and the international law of the sea”, said Nicolas Faradouris, Member of the European Parliament’s Committee on Security and Defence and Member

US Activist Elliott Takes 5% Stake in RWE

Δευ, 24 Μαρτίου 2025 - 18:33

Hedge fund Elliott Management has taken a stake of nearly 5 per cent in RWE, calling for the German energy group to “significantly increase and accelerate” its share buyback programme

Climate Change Drives Surge in Global Energy Demand

Δευ, 24 Μαρτίου 2025 - 18:30

The world’s appetite for energy rose faster than usual last year because record high global temperatures meant more power was used for cooling, underscoring the vicious cycle between climate change and energy use.

French Government Ousts Head of Nuclear Power Group EDF

Δευ, 24 Μαρτίου 2025 - 18:24

France has ousted the chief executive of the state-owned nuclear power group EDF after months of tensions over strategy and the risk of cost overruns in the construction of six new reactors

UK Gas Producer Energean Terminates Carlyle Deal Over Approval Delays

Παρ, 21 Μαρτίου 2025 - 19:39

UK-based gas producer Energean said on Friday it was terminating a deal with private equity fund Carlyle for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt

New US Sanctions to Slow but Not Stop China's Iranian Oil Imports, Traders Say

Παρ, 21 Μαρτίου 2025 - 19:33

Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to find workarounds to keep at least some volumes flowing

MOL Discovers New Oil Field in Western Hungary

Πεμ, 20 Μαρτίου 2025 - 19:28

MOL Hungarian Oil and Gas PLC discovered a new oil field near Somogysámson in western Hungary

Norway's Equinor Scales Back Climate Ambitions as Wind Changes

Πεμ, 20 Μαρτίου 2025 - 19:17

Norway's Equinor on Thursday weakened its energy transition plan as it struggles to deliver on pledges to invest more in renewable energy and low-carbon technologies, citing practical difficulties and a shift in political priorities

NewMed Energy Farms into OMV Petrom Block Offshore Bulgaria

Πεμ, 20 Μαρτίου 2025 - 19:13

NewMed Energy LP has completed the acquisition of a 50 percent stake in the Han Asparuh block on Bulgaria’s side of the Black Sea from OMV Petrom SA

Iberdrola Chair Warns of Surge in Spanish Power Prices if Country Shuts Nuclear Plants

Πεμ, 20 Μαρτίου 2025 - 11:47

Iberdrola’s executive chair has warned power prices can jump by more than 25 per cent if Spain repeats the “big mistake” made by Germany of shutting down its nuclear power plants. Ignacio Galán told the Financial Times the Spanish public would pay much higher prices and get a less reliable system if Madrid 

Serbia Seeks Sanctions Waiver from US for Oil Company NIS, Again

Τετ, 19 Μαρτίου 2025 - 20:16

Serbian oil company NIS, majority-owned by Russian Gazprom Neft and Gazprom, has submitted a second request to the U.S. for a waiver of sanctions, the CEO of state gas company Srbijagas said on Wednesday