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BP Posts $9.3 Billion Profit in 2Q22

BP Posts $9.3 Billion Profit in 2Q22

Τρι, 2 Αυγούστου 2022 - 17:15

British energy giant bp reported a profit of around $9.3 billion in the second quarter of the year, against a loss of nearly $20.3 billion during the previous quarter, according to its financial results statement released Tuesday

Bulgargaz Proposes 54% Hike in Natgas Price for Aug

Bulgargaz Proposes 54% Hike in Natgas Price for Aug

Τετ, 27 Ιουλίου 2022 - 19:35

Bulgarian public gas supplier Bulgargaz said it is proposing a rise in the wholesale natural gas price applicable for August to 286.84 levs ($148.5/146.6 euro) per MWh

TAP to Increase Deliveries of Gas by 50% This Year

TAP to Increase Deliveries of Gas by 50% This Year

Τρι, 26 Ιουλίου 2022 - 17:13

An increase in the capacity of the TAP natural gas pipeline is being planned to help reduce dependence on Russian gas in Southeastern Europe, the company managing the pipeline stated

EU: Member States Commit to Reducing Gas Demand by 15% Next Winter

EU: Member States Commit to Reducing Gas Demand by 15% Next Winter

Τρι, 26 Ιουλίου 2022 - 17:09

In an effort to increase EU security of energy supply, member states today reached a political agreement on a voluntary reduction of natural gas demand by 15% this winter. The Council regulation also foresees the possibility to trigger a ‘Union alert’ on security of supply, in which case the gas demand reduction would become mandatory

Total to Cut Fuel Prices at All French Service Stations

Total to Cut Fuel Prices at All French Service Stations

Παρ, 22 Ιουλίου 2022 - 19:38

TotalEnergies plans to offer a discount on fuel sold at all of its retail stations in France, expanding on a price reduction programme already in place at its motorway service stations

Hungary and Romania to Step Up Energy Cooperation by Boosting Cross-Border Gas Link

Hungary and Romania to Step Up Energy Cooperation by Boosting Cross-Border Gas Link

Πεμ, 21 Ιουλίου 2022 - 19:46

Hungary and Romania plan to significantly increase the capacity of the gas interconnector between the two countries and also create new transport routes for nuclear fuel rods, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjartó announced after meeting his Romanian counterpart, Bogdan Lucian Aurescu in Bucharest on Tuesday

EU Working on the Assumption That Nord Stream 1 Doesnt Restart

EU "Working on the Assumption" That Nord Stream 1 Doesn't Restart

Τρι, 19 Ιουλίου 2022 - 18:09

The European Commission is planning for all scenarios regarding gas flows to Europe through Russia's Nord Stream 1 pipeline, including the possibility that deliveries do not restart on Thursday when maintenance on the pipeline is due to end, a spokesperson said

Biden Fails to Win Security, Oil Commitments at Arab Summit

Biden Fails to Win Security, Oil Commitments at Arab Summit

Τρι, 19 Ιουλίου 2022 - 17:04

President Joe Biden told Arab leaders the United States would remain an active partner in the Middle East, but he failed to secure commitments to a regional security axis that would include Israel or an immediate oil output rise

LEAK: EU Drafts Plan to Reduce Gas Consumption Ahead of Uncertain Winter

LEAK: EU Drafts Plan to Reduce Gas Consumption Ahead of Uncertain Winter

Παρ, 15 Ιουλίου 2022 - 18:15

The European Commission is drafting plans to help EU countries reduce fossil gas demand and, if necessary, curtail consumption in the face of “a likely deterioration of gas supply outlook” this winter, according to leaked policy proposals seen by EURACTIV

Azerbaijan Overfulfills Obligations Under OPEC+ Deal

Azerbaijan Overfulfills Obligations Under OPEC+ Deal

Παρ, 15 Ιουλίου 2022 - 17:59

Azerbaijan produced 632,400 barrels of oil per day, including condensate in June 2022, of which 523,500 barrels accounted for crude oil and 108,900 barrels were condensate, Trend reports citing the country’s Energy Ministry