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Volkswagen, Ford expanding alliance for electric vehicles

- Ford expects to double its production to 1.2 million units using Volkswagen’s platform over 6 years

15.03.2022 Electricity , News from companies , World

Shell says still buys Russian oil due to lack of alternatives

- Company earlier this week announced its intention to exit its joint ventures with Gazprom and related entities

07.03.2022 Oil , News from companies , World , Europe

Finnish energy firm Fortum halts news investments in Russia

- Company has 12 power plants in Russia with combined power generation of 15.5 gigawatts and heat production capacity of 10.2 gigawatts

03.03.2022 News from companies , World , Europe

bp's decision to quit Rosneft shareholding 'destroys 30-year cooperation': Rosneft

- Norway's energy giant Equinor also announces decision to pull out of Russia

01.03.2022 International Organization , News from companies , World , Europe , Eurasia , General

Abu Dhabi National Oil Co. announces gas discovery offshore Abu Dhabi

- Initial results show discovery of between 1.5 and 2 trillion standard cubic feet (TSCF) of raw gas, company says

04.02.2022 Oil , News from companies , World , Middle East-Africa

Gazprom's gas exports to former Soviet states fall over 41% in January

- Production rises year-over-year by 1% to 47.4 billion cubic meters while domestic supply also increases by 3.2% in January, data shows

03.02.2022 Natural Gas , News from companies , World , Europe , Eurasia

ExxonMobil vows to achieve net zero emissions in Permian Basin

- Company pledges to cut greenhouse gas emissions by electrifying its operations and expanding investments to detect and capture methane gas

09.12.2021 Renewable , News from companies , World

ExxonMobil to sell half of its stake in Neptun Deep gas project in Black Sea

- Romania's state-owned gas producer Romgaz will take over ExxonMobil's 50% stake while OMV Petrom will act as operator

04.11.2021 Natural Gas , News from companies , World

Shell to sell Permian assets to ConocoPhillips for $9.5 billion

- Effective transaction date is July 1, 2021, and closing is expected in fourth quarter of 2021

22.09.2021 Oil , News from companies , World , Europe

Swedish Lundin Energy accelerates its carbon neutrality aim by 2 years

- Company now aims to reach its carbon neutrality goal by 2023

17.09.2021 Oil , News from companies , World

Chevron vows to invest more on lower carbon energy businesses

-With this aim, company intends to invest more than $10 billion up to 2028

15.09.2021 News from companies , World

Revenues of oil giants increase 46% in 1H21

- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises

14.09.2021 Oil , News from companies , World

bp posts $3.1 billion profit in 2Q21

- Company expects higher product demand during third quarter as COVID-19 restrictions continue to ease

04.08.2021 Oil , News from companies , World , Europe

Chevron posts $3 billion profit in 2Q21

-Second-largest US oil company's Q2 revenue totals $37.6 billion compared to $13.5 billion during same quarter last year

31.07.2021 News from companies , World , Americas

Italian Eni reports €247 million profit in 2Q21

- Company's revenue for April-June 2021 period reaches €16.6 billion compared to €8.4 billion for same quarter last year

31.07.2021 News from companies , World , Europe

Shell records $3.4 billion profit in second quarter of 2021

- Revenue hits $60.5 billion in second quarter, up from $32.5 billion in previous quarter, financial results show

29.07.2021 Natural Gas , Oil , News from companies , World , Europe

Oil giants BP, Lukoil seek to exit Iraq: Iraqi Oil Minister

- BP’s presence in Iraq dates back to 1920s while Lukoil's investments began in 2014 in the country's West Qurna-2 field

07.07.2021 Oil , News from companies , World , Middle East-Africa

Eni merges concessions in Western Egypt

- Deal will unlock considerable resources, strengthening Eni's role as largest gas producer in Egypt

17.06.2021 Oil , News from companies , Middle East-Africa

Eni announces oil discovery in North Sea

- Preliminary estimates place size of discovery between 35 and 65 million barrels of oil equivalent

15.06.2021 Oil , News from companies , World , Europe

BP inks deal with US firm to buy solar projects for $220 million

- Once developed, projects will have capacity to generate enough clean energy to power around 1.7 million US homes, BP says

02.06.2021 News from companies , Europe , Americas

Shell plans to appeal court ruling questioning its carbon emission goals

-Firm describes Dutch court decision as disappointing, reiterates efforts to become net-zero emissions energy company by 2050

28.05.2021 News from companies , World , Europe

Russian Lukoil records nearly $2.1 billion profit

- Company had posted full-year 2020 earnings of $206 billion, down 98% compared to $8.7 billion in 2019

27.05.2021 Oil , News from companies , Europe

Shell sells shares in Deer Park refinery to Pemex for $596 million

- Deer Park Refining Limited Partnership was 50-50 joint venture between Shell and Pemex subsidiary P.M.I. Norteamerica

26.05.2021 Oil , International Relations , News from companies

Big Oil's proven reserves to run out in less than 15 years

-Slumping discovery rates to threaten financing of big oil companies’ energy transition plans, says energy consultancy Rystad

07.05.2021 Oil , International Organization , News from companies , World

ConocoPhillips posts $982 million income in 1Q21

- Company had posted fourth-quarter and full year 2020 losses of $0.8 billion and $2.7 billion, respectively

05.05.2021 Oil , News from companies , World

Saudi oil giant Aramco reports 30% profit rise in 1Q21

- Aramco's first quarter 2021 profits hit $21.7 billion compared to $16.6 billion in same period of last year

05.05.2021 Oil , News from companies , Middle East-Africa

ExxonMobil reports $2.7 billion profit in 1Q21

- Revenue for same period of year increases by 5.3% to reach $59.1 billion

01.05.2021 Oil , News from companies , World , Americas

Chevron posts $1.4 billion profit in 1Q21

- First-quarter net income of second-largest oil company in US plummets

01.05.2021 Oil , News from companies , World , Americas

Italian Eni reports €856 million profit in 1Q21

- Company’s revenue for January-March 2021 period reaches $14.8B compared to $14.1B for same quarter last year

01.05.2021 Oil , News from companies , World

Total increases income to over $3 billion in 1Q21

- Company fully benefited from rising oil and gas prices, says CEO Patrick Pouyanne

29.04.2021 News from companies , World , Europe

ExxonMobil announces discovery offshore Guyana

- New discovery is expected to increase potential of already existing reservoir at Stabroek Block

28.04.2021 Oil , News from companies , Americas

Total buys share in Arctic Transshipment from Novatek

- Arctic Transshipment is Novatek's wholly-owned subsidiary that will operate two LNG transshipment complexes

28.04.2021 Finance , News from companies , General

Halliburton posts net income, revenue loss in Q121

- Company posts $170 million net income in first quarter after recording around $1 billion loss in same quarter of last year

23.04.2021 Oil , News from companies , World , Americas

Baker Hughes posts 12% revenue decline in Q121

- 'We remain cautiously optimistic that global economy and oil demand will recover from impact of global pandemic,' says CEO

22.04.2021 Oil , News from companies , World , Americas

Shell plans 5% annual decline in oil output

- Firm announces 2021 energy transition strategy includes gradual 1-2% drop per year in oil production investments up to 2030

16.04.2021 Natural Gas , Oil , News from companies , World

Sabanci Holding plans to increase green investments

- Company has already invested in wind plants totaling 565 megawatts, says company's head of energy group

19.03.2021 Renewable , News from companies

Total, Microsoft unite to achieve zero-carbon emissions

-Total will benefit from Microsoft’s cloud-based AI technologies, while helping Microsoft eliminate diesel fuel dependency

12.03.2021 News from companies , World

GE merges aircraft leasing unit with rival in $30B deal

- Firm plans to reduce debt by $30 billion after deal closed

11.03.2021 Electricity , News from companies , World

Oil sector job losses expected post-COVID: Aramco chief

- Covid-19 exposed harsh realities for world, says Amin Nasser during virtual CERAWeek panel

04.03.2021 Oil , News from companies , World

ExxonMobil plans reduction of staff in Singapore

-Company will slash up to 300 jobs, representing approximately 7% of company’s more than 4,000 employees in Singapore

04.03.2021 Oil , News from companies , World , Americas

ExxonMobil to sell over $1bln. in UK offshore assets

- Transaction expected to close by mid 2021

25.02.2021 News from companies , World , Americas

Egypt, Schlumberger digitalize country’s subsurface data

- Egypt Upstream Gateway enables investors anywhere in world to see exploration and production potential of Egypt

20.02.2021 News from companies , World , Middle East-Africa

Total reports $7.2 billion annual loss in 2020

- Company plans to change its name to TotalEnergies, reflecting its energy transition aim of more energy, less emissions

10.02.2021 Oil , News from companies , World

Rosneft, BP to coact for carbon control, sustainability

- Firms vow to deliver more energy with less carbon taking into account profound changes shaping ‎global energy transition

05.02.2021 Oil , News from companies , World

ConocoPhillips posts $2.7 billion loss in 2020

- Company also posts fourth-quarter 2020 loss of $0.8 billion compared with fourth-quarter 2019 earnings of $0.7 billion

03.02.2021 Oil , News from companies

BP posts $20.3 billion loss in 2020

- Despite huge loss in 2020, firm recorded $1.4 bln. profit in 4th quarter of 2020 compared to $0.5 bln. loss in 3rd quarter

03.02.2021 Oil , News from companies , World

BP to sell 20% stake in Oman’s Block 61

- BP says agreement marks significant step in its divestment plan

02.02.2021 Oil , News from companies , World

Total's exit from API politically motivated: Experts

- Total, citing "partially aligned" divergences with those of API, announced last week it would not renew its API membership

21.01.2021 Oil , International Organization , News from companies , World

Chinese investors in talks for Turkey mine investments

- BDY Group's purchase of Petgaz, Turkey’s largest storage capacity LPG terminal, in 2020 attracted foreign investors

12.01.2021 News from companies , Turkey , Asia

Total to operate new offshore exploration in Egypt

- International consortium, including Shell, KUFPEC and Tharwa, will carry out 3D seismic campaign in first 3 years

05.01.2021 Oil , News from companies , World

Lukoil, Gazprom to cooperate to develop 2 fields

-Companies to establish joint venture to carry out project

23.12.2020 Oil , News from companies , World , Eurasia

Revenues of oil giants decline 35.8% in 3Q20

- Royal Dutch Shell records highest year-over-year decline in revenue

22.12.2020 Oil , News from companies , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

ExxonMobil makes first discovery offshore Suriname

- Evaluation of Sloanea-1 exploration well in offshore Block 52 is ongoing to determine its resource potential, says company

13.12.2020 Oil , Upstream , Downstream , News from companies

Equinor joins Europe’s biggest green hydrogen project

- NortH2 aims to produce green hydrogen using renewable electricity from offshore wind off coast of Netherlands

09.12.2020 Wind , News from companies , World , Europe

US, Saudi firms to form joint venture in MENA region

-Saudi Aramco, Baker Hughes will each own 50% share to manufacture non-metallic, composite materials, says Turkish Competition watchdog

03.12.2020 News from companies , World , Turkey , Americas , Middle East-Africa

ExxonMobil plans reduction of staffing levels in Canada

-Company will slash up to 300 jobs in Canada including Imperial Oil Limited, ExxonMobil Canada and ExxonMobil Business Centre Canada

27.11.2020 Oil , News from companies , World , Americas

Aramco signs oil and gas deals with 8 firms

-Company expects deals to support growth in employment and development of workforce in Saudi Arabia

19.11.2020 Oil , News from companies , World , Middle East-Africa

Stocks of energy firms on rise over vaccine hopes

- Shares of oil giants, including Chevron, ExxonMobil and Equinor, rise by at least 5%

18.11.2020 Oil , Stock Market , News from companies , World , Americas

Saudi Aramco reveals plans to sell bonds

- Oil price slump from coronavirus pandemic makes it hard for Aramco to meet $75 billion shareholder commitment

18.11.2020 Oil , News from companies , World , Middle East-Africa

ConocoPhillips posts $450 million loss in 3Q2020

- Earnings decrease due to lower prices and volumes, company says

30.10.2020 News from companies , World , Americas

Total's revenue down 36% in third quarter of 2020

- Firm posts net income of $202 million in third quarter of 2020, down 93% from year earlier

31.10.2020 News from companies , World , Europe

BP posts $0.5 billion loss in third quarter of 2020

- Figure is significantly lower from net loss of approximately $16.8 billion in second quarter

28.10.2020 Oil , News from companies , World , Europe

Petrobras increases oil sales despite pandemic crisis

- Petrobras’s export of oil and oil by-products increases by 5% compared to second quarter, company says

23.10.2020 Oil , News from companies , World , Americas

Algeria's oil firm Sonatrach may post $10B revenue loss

- Sonatrach's exports decline by 41% in September, says country's energy ministry

21.10.2020 Oil , News from companies , World , Middle East-Africa

Total, Google Cloud join forces for Solar Mapper tool

- Via new AI algorithms, Solar Mapper allows fast and accurate estimates of household solar potential

15.10.2020 Solar , News from companies , World , Europe

Chevron announces acquisition of Noble Energy

- Move comes after Chevron announced its decision to buy Noble Energy for $5 billion in July

07.10.2020 Oil , News from companies , World , Americas

Shell revises down 3rd quarter peak production by 6%

- Damages from recent hurricanes in the Gulf of Mexico mainly affects production outlook

01.10.2020 News from companies , World , Europe

Shell to slash up to 9,000 jobs by 2022

- Company CEO says Shell aims for sustainable annual cost savings of between $2-2.5 billion

30.09.2020 News from companies , World

Total signs solar deal to increase green power in Spain

- Company aims to power all its industrial sites in Europe with renewable electricity by 2025

26.09.2020 News from companies , World , Europe

Highlights of global energy market in 2019

- Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019

22.12.2019 Electricity , Natural Gas , Oil , Nuclear , Thermal , Lng/Lpg , Refining/Petro Chemistry , Wind , Solar , Hydro , Geothermal/Biomass , Projects , Oil , Natural Gas , Electricity , Energy Diplomacy , Energy Security , International Relations , News from companies , World , Turkey , Europe , Eurasia , Americas , Middle East-Africa , General

Lithuania to install nearly 200 sirens to warn about accidents in Belarus NPP

Court in Japan blocks plan to restart nuclear plant

Japan inches closer to starting contentious nuclear waste dump

US, Armenia sign civil nuclear pact, launch strategic dialogue

Spot market electricity prices for Wednesday, Aug. 11

Turkey's daily power consumption up 2.97% on July 16

Spot market electricity prices for Tuesday, July 13

Turkey's daily power consumption down 7.96% on July 11

Experts warn of climate risks amid return to coal by some EU countries

Signaling shift to coal, EU explores alternatives to Russian supplies

Germany turns to coal as Russia curtails natural gas shipments

Poland tells citizens to gather firewood as energy prices increase

Spot market natural gas prices for Monday, Aug. 9

Eni announces oil discovery in Western Desert of Egypt

US produces, consumes record high natural gas in 2019

Nigeria's president launches new gas pipeline project

Spot market natural gas prices for Thursday, July 1

Spot market natural gas prices for Monday, March 8

Spot market natural gas prices for Sunday Aug. 23

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Thursday, July 8

Spot market natural gas prices for Wednesday, May 5

Spot market natural gas prices for Monday, May 3

Spot market natural gas prices for Tuesday, April 27

In 1 year, Turkish regasification ship transfers 2.1B cubic meters of natural gas to grid

ExxonMobil, QatarEnergy ink deal for LNG capacity expansion

Algerian LNG vessel to arrive in Türkiye on June 23

ConocoPhillips joins as 3rd partner in Qatar's North Field East LNG expansion

Oil prices increase with tight inventories

Oil prices up by over 2% for week ending April 2

Indonesia's Balongan refinery rocked by massive blast

ExxonMobil makes first discovery offshore Suriname

Oil prices increase with tight inventories

Oil prices down after rise in US oil inventories

US oil rig count rises by 2 for week ending Jan. 22

ExxonMobil makes first discovery offshore Suriname

Aramco to develop major refinery, petrochemical complex in China

Saudi Aramco signs crude supply deal with Egyptian petrochemicals firm

Turkey's Tupras to invest $10B by 2050 as part of Strategic Transition Plan

Russian petchem giant SIBUR to boost investments to meet greater Turkish demand

OMV sells filling stations in Germany for €485 million

Philippines' inflation hits government target amid high fuel prices

Energy, food crises growing in UK, expert says

UK considers army assistance to deliver fuel at pumps amid shortage

Global offshore wind project capacity nearly doubles in 12 months

Vattenfall invests in 2 offshore wind projects outside Gothenburg

American TPI Composites plans to invest $100 million for offshore wind blade factory in Türkiye

UK launches floating offshore wind task force

Women solar engineers bring light to remote Zanzibar villages in Tanzania

Cero Generation combines power and agriculture in new solar plant in Italy

Vodafone to power UK operations with local solar farm

Renewables set to break new record in 2022 despite supply chain challenges

Hydro provides majority of Norway's power in March

UAE seen as candidate to become EU’s hydrogen supplier

President Erdogan inaugurates huge Ilisu Dam in southeastern Turkey

Ethiopia: TPLF on move to disrupt Ethiopian mega dam on Blue Nile

bp, mining company Rio Tinto ink deal for one-year trial of marine biofuels

World Bank's $300 million loan to boost Turkey's geothermal energy

Solid waste to be turned into resources in Gaziantep by UNDP supported plant

Turkey accounts for over one tenth of global geothermal capacity

Türkiye plans $3 billion investment for electric cars, renewable energy

Cost of low carbon energy sources to "structurally and systematically" fall

Iberdrola interested in developing more sustainable grids

Shell and SGH Energy to develop Crux gas project in Western Australia

Türkiye plans $3 billion investment for electric cars, renewable energy

Energy efficiency paves emergency exit from energy crisis if action accelerated

bp and Linde to jointly develop carbon capture project in Texas

Southeast Asia needs $190B a year by 2030 to meet climate goals

Spot market natural gas prices for Thursday, May 5

Nickel-free tech could boost EV uptake due to surging nickel costs

Nickel trade suspended on London Metal Exchange due to systems error

Spot market natural gas prices for Tuesday, Feb. 22

Oil up on US inventory fall, UK vaccine approval

Fitch reduces oil price forecast due to higher supply

S. Arabia, Iraq discuss efforts to stabilize oil market

US crude oil inventories fall for week ending Aug. 14

Spot market electricity prices for Friday, Dec. 4

24/7 power with Turkey’s new mobile monitoring system

Turkey's daily power consumption up 3.28% on Sept. 8

Sudan: Flashpoint Ethiopian dam not related to floods