Oil & Gas Feed

Poland's gas transmission system operator GAZ-SYSTEM received a building permit from the Pomeranian Voivode for the construction of the floating LNG terminal (FSRU) in the Gulf of Gdańsk.

SPP and US Steel Košice, reaffirmed their mutual interest in negotiating long-term supplies of natural gas and electricity starting in 2026, by signing a Memorandum of Cooperation.

Across Europe, more and more wind turbines are starting to reach the end of their operational lifetime, according to WindEurope. But not enough repowering is happening yet.

ADEX Group announced the successful closing of the transaction that brings the Hungarian Power Exchange (HUPX), under the ownership of ADEX, marking a milestone in the development of the region’s power trading landscape.

Polskie Elektrownie Jadrowe, responsible for developing Poland’s first nuclear power plant received a Letter of Interest for 1.45 billion US dollars in financing from Export Development Canada. Westinghouse has welcomed the new financial tool.

Lithuania took ownership of FRSU Independence on 6 December. The vessel arrived in Klaipėda 10 years ago and it was leased until now.

Amendments to the law on energy were adopted by Serbia's National Assembly, which ended the 35-year disallowance of the construction of nuclear power plants in the country. Minister Handanović said that the amendments to the Energy Law are revolutionary and historic.

A total of 151 proposals were submitted under Bulgaria's RRP's RESTORE program, aimed at building a national energy storage infrastructure for renewable energy sources.

  QUALIFICATION and JOB DESCRIPTION Job Description  Chemical Engineer or Engineering Technology Managament bachelor’s degree from a reputable university 7 years of experience Knowledge in IT, proficiency in Excel Strong communication skills, ability to work within a team, and leadership abilities Commercial and financial literacy with a full understanding of how failures impact production, maintenance […]

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion. Report informs citing the company that after more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on November 29 and […]

The cost of transporting export oil shipments from Kazakhstan via pipeline will rise by 11.3% starting January 1, 2025. The tariff increase is not expected to reduce oil exports through pipelines, as transportation by rail is even more expensive, according to market participants. The state-owned pipeline company KazTransOil (KTO) will increase the export tariff for […]

The Nakhchivan green energy concept will be ready in the coming weeks, Orkhan Zeynalov, Deputy Minister of Energy, stated at the international scientific conference on “Sustainable Environment: Transition to Green Energy” in Baku. “The technical and economic justification for the Nakhchivan-Azerbaijan-Türkiye green energy corridor is underway, and a model is being developed for exporting electricity […]

Oil production in Azerbaijan (including gas condensate) will average 580,000 barrels per day until 2027, the international rating agency S&P Global Ratings. “Production has been steadily declining in recent years, falling to 650,000 barrels per day in 2023 from 790,000 barrels per day in 2019 due to the aging of key oil fields, such as […]

Gábor Orbán will lead the joint management of MVM Partner and MVM CEEnergy as the new CEO, as of November 2024.

The European Commission has set the number of emissions allowances under the EU Emissions Trading System (ETS2) for 2027.

PGE Group announced of preparing to build a new heat source at the Gryfino Heating Plant, consisting of gas-fired water boilers with a capacity of approximately 28 MWh.

GL Group is set to drill the first onshore horizontal well in Azerbaijan’s history at a depth of 4,400 meters, with a planned lateral length of approximately 400 meters, targeting deep oil reservoirs at similar depths. This horizontal well is part of a larger initiative that includes drilling three new sophisticated deep wells in the […]

The Polish Parliament has concluded its work on the draft amendment to the Act on Renewable Energy Sources, approving the proposals developed by the Ministry of Climate and Environment.

Polish energy giant ORLEN has finalised the construction of a natural gas compressor station at the Kościan-Brońsko Natural Gas Production Site in west-central Poland.

András Puskás, Deputy CEO of MBH Bank, one of Hungary's leading financial institutions, discusses with us the bank’s commitment to sustainability through its "Sustainable Future Bank" ESG framework.