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Chevron to Boost Gas Supply to Meet Egypt’s ‘Insatiable’ Demand

Chevron to Boost Gas Supply to Meet Egypt’s ‘Insatiable’ Demand

Τετ, 10 Σεπτεμβρίου 2025 - 07:51

Chevron Corp. is working to boost supply of natural gas to Egypt, which has “insatiable appetite” for the fuel, Freeman Shaheen, the company’s president for global gas, said. “Egypt needs all the gas it can get,” Shaheen said in an interview in Milan, where

Trafigura Says Indian Oil-Demand Growth Set to Outpace China

Trafigura Says Indian Oil-Demand Growth Set to Outpace China

Τρι, 9 Σεπτεμβρίου 2025 - 07:59

Oil demand growth in India looks set to outpace China’s underlying gains this year, according to Trafigura Group. “We would be constructive on Indian demand,” Chief Economist Saad Rahim said at APPEC by S&P Global Commodity Insights on Monday.

A Major Crisis in Bulgaria: Bulgargaz Will Give All its Earnings to Turkey for 200 Years

A Major Crisis in Bulgaria: Bulgargaz Will Give All its Earnings to Turkey for 200 Years

Δευ, 8 Σεπτεμβρίου 2025 - 09:07

The 13-year natural gas purchase agreement signed between BOTAŞ and Bulgargaz in 2023 has turned into a major crisis for the neighbor. After Bulgargaz was unable to pay its debt exceeding 4 billion TL, BOTAŞ completely halted the gas flow. Bulgarian Energy Minister Jeco Stankov stated, "Bulgargaz has

ExxonMobil Considers Sale of European Chemical Plants, FT Reports

ExxonMobil Considers Sale of European Chemical Plants, FT Reports

Παρ, 5 Σεπτεμβρίου 2025 - 08:11

ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people familiar with the matter

Shell Scraps Plans for Biofuels Facility in Rotterdam

Shell Scraps Plans for Biofuels Facility in Rotterdam

Πεμ, 4 Σεπτεμβρίου 2025 - 08:09

Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said on Wednesday. The project's construction was paused in 

Syria Exports First Crude Oil Shipment in 14 Years, Official Says

Syria Exports First Crude Oil Shipment in 14 Years, Official Says

Τετ, 3 Σεπτεμβρίου 2025 - 08:56

Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Syrian oil in 14 years

Brazil Makes Formal Request to Become IEA Member Country

Brazil Makes Formal Request to Become IEA Member Country

Τετ, 3 Σεπτεμβρίου 2025 - 08:51

Letter from Ministers of Foreign Affairs and of Mines and Energy to IEA Executive Director highlights the strong value the Agency provides to its Members. The government of Brazil has made a formal request to become a full Member 

Croatia’s FSRU Heads to Türkiye for Regasification Capacity Upgrade

Croatia’s FSRU Heads to Türkiye for Regasification Capacity Upgrade

Τρι, 2 Σεπτεμβρίου 2025 - 08:14

The floating storage regasification unit (FSRU) serving Croatia’s liquefied natural gas (LNG) terminal at the island of Krk has left for Türkiye, where its capacity is set to get a boost thanks to the installation of an additional component