Oil & Gas Feed

Exxon Mobil, opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Profits from oil majors have been down in 2023 by about a third from record levels in 2022, pressured as oil and gas prices retreated after spiking when Russia invaded Ukraine. […]

Azerbaijan’s legal framework for the development of renewable energy sources (RES) has created incentives for the country’s citizens to independently use solar panels or other RES sources to generate “green” energy, the surplus of which can go to the power grid and provide income to the producer of such electricity, the head of the project […]

In 2023, a record-breaking number of 8,423 LNG tanks were loaded at the Świnoujście terminal in Poland, with a total volume exceeding 149,500 tonnes.

The tender for the construction of a new nuclear unit at the Dukovany power plant is entering the second phase and Westinghouse has been excluded as it "did not meet the necessary conditions."

In 2023, PGE Ekoserwis managed 3.5 million tonnes of by-products of combustion, which was utilised in various sectors of the economy, including construction, agriculture, livestock farming and mining.

In 2023, the total volume of gas transported to Ukraine through its western borders amounted to over 4.3 billion cubic metres, announced Dymtro Lyppa, CEO of GTSOU via LinkedIn on Friday. 

In a two-part series, we take a look at Poland's geothermal energy landscape - from the country's natural potential and local success stories, to financing opportunities and the broader political support.

Serbia's Minister of Mining and Energy Dubravka Đedović Handanović signed an agreement on Monday that finalises the financing for the construction of a 66 MW capacity wind farm in Kostolac.

The construction of a transhipment terminal for the Gdańsk refinery has reached a halfway point and is progressing according to plan, ORLEN announced on Tuesday.

A new 48 megawatts (MW) solar power plant was inaugurated in Kiskunhalas, Hungary, where they are also planning a geothermal project. Hungary's energy security relies on renewables and nuclear energy, emphasised the Minister of Energy.

Slovakia has taken over the presidency of the International Commission for the Protection of the Danube River (ICPDR) succeeding Serbia for the year 2024.

The construction of a service base that would service the Baltic Power offshore wind farm has begun in Łeba, planned for completion in 2025.

A record amount of 105,000 cubic metres of LNG was transferred from the FSRU (Floating Storage and Regasification Unit) Independence to the conventionally sized Amur River LNG vessel.

Serbia's Mining and Energy Minister Dubravka Đedović Handanović said on Thursday that her government will have to engage in discussions with Rio Tinto regarding the "Jadar" project. 

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PwC Hungary announced the appointment of its new director, Beáta Szoboszlai who will lead the Energy & Utilities Advisory team in her new position.

The first wind turbine at the Ostrovsky onshore wind farm in western Ukraine has been installed. The wind farm has a planned capacity of 80 MW, estimated to cover the annual power demand of around 50,000 households. 

Poland's crude oil and fuels operator plans to increase the capacity of its fuel base in northern Poland.