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LUKOIL to sell international assets to Gunvor

- Two parties agreed on the main terms of the deal

30.10.2025 General

US imposes new sanctions on Russia’s top oil firms over war in Ukraine

- 'Now is the time to stop the killing and for an immediate ceasefire,' says Treasury Secretary Scott Bessent

23.10.2025 Oil

Russia warns that UK sanctions will backfire

- New measures against Rosneft and Lukoil will ‘boomerang’ and harm ordinary Britons, says Russia’s London embassy

16.10.2025 Oil

Türkiye secures 8.7 bcm of gas in new LNG deals with bp, Eni and Shell

- Alparslan Bayraktar is attending Gastech 2025 forum in Milan, which runs from Sept. 9 to 12

10.09.2025 Natural Gas Lng/Lpg Energy Diplomacy

Egyptian official calls Israeli premier ‘delusional,’ defies him to cancel gas deal

- Israeli media reports suggest Netanyahu considers suspending major deal to supply Egypt with gas

05.09.2025 General

Egypt says support for Palestine unchanged despite extension of Israeli gas deal

- Agreement has not affected Egypt’s firm, clear stance since Gaza war began, nor its rejection of all attempts to ‘liquidate the Palestinian cause,’ says prime minister

15.08.2025 Natural Gas

Norwegian firm Scatec secures financial close for 1GW solar-battery project in Egypt

- Project to be built in two phases, with first phase expected to begin commercial operations in first half of 2026 and second phase later in the year

16.06.2025 Solar

Türkiye to deploy state-owned FSRU abroad for 1st time under deal with Egypt

- Türkiye and Egyp ink two key agreements to boost energy cooperation, says Turkish energy and natural resources minister

13.05.2025 General

Egypt, France sign agreement to establish plant for green hydrogen production

- Project will cost $7.68 billion with total production of 1 million tons annually

08.04.2025 General

Strong winds force closure of Egypt’s Hurghada, El-Arish ports

- All maritime navigation and activities for both small and large vessels halted to ensure safety By Iyad Nabolsi and Rania Abu Shamala

20.03.2025 Wind

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Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Italian Eni starts natural gas production off coast of Sicily

- Argo Cassiopea Field's gas reserves estimated at around 10 bcm, with peak annual production expected to reach 1.5 bcm

19.08.2024 Natural Gas

Ukraine sanctions on Lukoil risk for refineries in Hungary, Slovakia : Fitch

- Broader, longer-term interruption of Russian supply could pose significant risk to refining operations, energy supply, says rating agency

25.07.2024 Oil

Hungary, Slovakia jointly initiate procedure against Ukraine over ban on Russian crude oil transits

- They requested European Commission to mediate consultation process with Kyiv, Hungarian foreign minister says, warning that if solution is not found, matter to be taken to international court

23.07.2024 Oil

Italian Eni reports almost $1.3 billion net loss in 1Q24

- Company's revenue for January–March 2024 period totals $24.8 billion, compared to $29.3 billion for same quarter last year

25.04.2024 Oil

Italian Eni reports over €8.3 billion annual profit in 2023

Despite volatile markets with weaker oil and plummeting European natural gas prices, Italian company reports €3.2 billion fourth-quarter profit before tax

16.02.2024 Finance