Oil & Gas Feed

Westinghouse Electric Company, along with construction partner Bechtel, signed a cooperation agreement with the Czech Power Industry Alliance to leverage the country's highly skilled nuclear industry in support of the new nuclear reactors.

Enea has launched an educational campaign on SMRs, which it is considering to roll-out as part of Poland's decarbonisation process. 

Photon Energy signed a 20-year on-site power purchase agreement with FORVIA Clarion Hungary for the construction and operation of an on-site solar PV power plant with an approximate capacity of 630 kWp.

Responsible for the quality assurance and quality control, ensuring that products are meeting the requirements defined by contractual agreements, Governmental Authorities and internal requirements and standards Responsible to follow up the quality at site during production, fabrication, test and delivery Ensuring that TechnipFMC requirements and contractual quality requirements are meet in all production phases. Responsible […]

Conexus Baltic Grid has connected its Guarantee of Origin registry to the AIB Hub, a great milestone in Conexus' efforts to enhance renewable gas and biomethane development.

Rystad Energy is forecasting solar PV energy to spike by about 50 TWh in 2024 – growing for the first time more than any other generation source – due to major capacity installations across Europe, with Germany leading the way.

Slovakia's and Hungary's gas TSOs, Eustream and FGSZ announced that based on a market demand assessment run in 2023, the offered capacity at the IP Veľké Zlievce/Balassagyarmat will be increased by 50 per cent.

Hungary's Minister of Foreign Affairs and Trade Péter Szijjártó, said the upgrade of the Paks nuclear plant is on schedule, adding that the project would ensure Hungary’s energy security, preserve the utility bill caps and further boost environmental protection.

Gas transmission system operators of Romania, Moldova and Ukraine have launched public consultations on an expansion of the Trans-Balkan gas pipeline’s reverse capacity within the framework of the incremental capacity procedure.

OMV has signed an agreement to divest its 50 per cent shareholding in SapuraOMV Upstream to TotalEnergies Holdings for an overall cash consideration of 903 million US dollars.

Following a tender procedure, the Interconnector Greece-Bulgaria (ICGB) is awarding a Bulgarian company with the contract for a detailed design scope for GMS2 Stara Zagora that would allow capacity expansion of the IGB pipeline.

Norwegian Equinor plans to close the deal to sell SOCAR (State Oil Company of Azerbaijan) its assets in Azerbaijan in 2024. “The transaction is expected to close during 2024,” Equinor said in its fourth-quarter 2023 report. In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of […]

 Iran’s gas production capacity has increased by 8 million cubic meters (mcm) per day after the launch of a new subsea pipeline connecting the sprawling South Pars gas field in the Persian Gulf to the Iranian mainland. In an interview with IRNA, Nematollah Shahroei, who serves as the contractor for the new pipeline at South Pars […]

Kazakhstan intends to increase the volume of oil supplies along the Trans-Caspian route to 3 million tons within two years, the press service of the Kazakh government reported. It is reported that 1.4 million tons of oil were transported along this route in 2023. The plan for 2024 is up to 1.5 million tons of […]

In January 2024, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG)  amounted to $387 million 645 thousand. According to SOFAZ, this is $237 million 429 thousand, or  by 38% lower than in January ($625 million 74 thousand) last year. The Oil Fund of […]

Condensate accounted for 17.3% of the total oil production in the country, the remaining 82.7% or 24 million 892.89 thousand tons was crude oil (a decline of 10%), the State Committee on Statistics of the Republic of Azerbaijan. By the end of 2023, oil production with gas condensate in Azerbaijan amounted to 30 million 189.59 […]

The Russian government has updated and increased estimates of Russian gas exports in 2023 via gas pipelines and in liquefied form – new figures were presented by Russian Deputy Prime Minister Alexander Novak in the Federation Council. According to Novak’s presentation, in 2023 pipeline gas exports amounted to 99.6 bcm. Two weeks ago, Novak’s article […]

The new offshore gas pipeline, costing €130 million to build, came into operation at the order of Iranian Oil Minister Javad Owji, concurrent with the 45th victory anniversary of the victory of the Islamic Revolution of Iran. Following the completion of the pre-commissioning, commissioning operations and fulfilling the preparatory and final tests on the new […]

United Arab Emirates’ Dragon Oil plans to start drilling wells in Block 19 in the Turkmen sector of the Caspian Sea in 2024, announced the company’s CEO, Ali Rashid Al-Jarwan, in an interview with the International Information Center of Turkmenistan on Monday. Al-Jarwan highlighted the completion of successful seismic exploration at this field by their […]

On Monday, PGE opened a local information point for the planned "Młoty" pumped-storage power plant in Bystrzyca Kłodzka, southwestern Poland.