Oil & Gas Feed

Slovakia’s Ministry of Economy held negotiations with the representatives of the automotive sector agreeing on several measures to help its green transition and, at the same time, create more job opportunities.

Andrea Pánczél, Chair and co-founder of the Women in Energy Association (WONY) congratulates to Zsófia Beck, Managing Director and Partner of BCG, the only woman from the CEE region to be featured in the Reuters Trailblazing Women in Energy 2024 report.

PSE has announced the dates of the main auction for the 2029 delivery year and additional auctions for individual quarters of the 2026 delivery year. 

Dusan Jakovljevic, co-founder and Policy and Communication Director at EEIP writes about how we can improve European industrial energy efficiency, including through EU-funded Innovation Action initiatives.

The Vertical Gas Corridor is the key to the energy security of Ukraine, Moldova and the countries of South East Europe in the long term, confirmed the natural gas transmission system operator of Bulgaria, Bulgartransgaz.

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG) and profitable gas and condensate from the “Shah Deniz” field in January-February 2024 amounted to $940.5 million. Based on the data of the Oil Fund, revenues from the ACG and “Shah Deniz” projects decreased by […]

Bulgaria's Minister of Environment and Water Julian Popov and the Vice President of the EIB Kyriakos Kakouris signed a service agreement for advisory support for projects in the field of the environment.

The 10th Ministerial Meeting of the Southern Gas Corridor Advisory Council reaffirmed the important role of the SGC as a reliable transmission system which secures stable and competitive energy supplies from Azerbaijan.

ORLEN's PGNiG Upstream Norway and its license partners have completed drilling in the PL211 CS licence in the Norwegian Sea, confirming natural gas and condensate reserves of 28-43 million barrels of recoverable oil equivalent.

Natural gas production from deep-lying formations (deep-gas) at the Azeri-Chirag-Guneshli (ACG) field block will begin in the first quarter of 2025, Azerbaijani President Ilham Aliyev said. “The extraction of natural gas from ACG is a very promising project,” Aliyev said in his speech last Friday at the 10th ministerial meeting within the framework of the […]

LUKOIL has started the construction of a solar power plant in Kazakhstan, laying a commemorative capsule in the Almaty region. The project will provide energy supply to the production facilities of LUKOIL Lubricants Central Asia LLP (a 100% subsidiary of PJSC LUKOIL) with environmentally friendly solar energy, the company reports. The design capacity of the […]

Speaking at a press conference after the 17th meeting of Iran-Russia Joint Economic Commission, held in Tehran on Wednesday, Owji said the contract with the Russian companies on the development of Iranian oil fields has helped the country increase its daily crude production by 200,000 barrels. The National Iranian Oil Company (NIOC) has been holding […]

Expressing Iran’s readiness to become a regional energy hub, President Ebrahim Raisi said the country could turn into a safe route for the transfer and distribution of natural gas among suppliers and consumers. Addressing the 7th summit of the Gas Exporting Countries Forum (GECF) in Algeria on Saturday, Raisi highlighted Iran’s huge reserves of natural […]

Azerbaijani President Ilham Aliyev said that Azerbaijan plans to use renewable energy sources to the maximum extent in ten years and reduce the consumption of natural gas inside the country. “I think this is part of our common green agenda and our sense of responsibility, because a country rich in fossil fuels should be at […]

Gas production in Azerbaijan in 2024 is planned at the level of 49  bcm,  exports will exceed 24 bcm, Azerbaijani Energy Minister Parviz Shahbazov said on March 2 in Algeria at the summit of the Gas Exporting Countries Forum (GECF). Azerbaijan has had observer status in the Gas Exporting Countries Forum since November 2015. By […]

Ukraine's Economy Ministry has published its draft National Energy and Climate Plan for public consultation. The draft document set out a target of a 27 per cent share of renewables in the gross final energy consumption by 2030.

Romania's Ministry of Energy announced last Friday the signing of a financing contract for the construction of a gas-powered power plant with combined cycle capacities adaptable for hydrogen operation. 

Framatome signed an MOU with the Slovak University of Technology to explore and pursue collaborative opportunities in education and training in the field of nuclear energy.

Enea is testing a pilot project on using deep predictive AI models to improve the management of the distribution network load.

The EIB Group has provided Hypo Vorarlberg with a 61 million-euro guarantee on the mezzanine tranche of a synthetic securitisation transaction on a 360 million-euro portfolio of loans to small businesses and mid-caps mainly originated in Austria.