Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses 'substantial risks' for Europe's largest economy…
Italian oil and gas company Eni has signed an agreement with the Algerian Sonatrach to allow Eni to increase the quantities of gas imported to Italy through the TransMed / Enrico Mattei pipeline.The deal to increase the gas flows, under the…
German chemicals group reported preliminary first-quarter net income significantly below last year's level and analyst expectations on Monday, citing impairment charges for the abandoned Nord Stream 2 project.BASF said its quarterly net income slumped to 1…
Austrian energy group OMV said on Friday it would take a 2-billion-euro ($2.17 billion) hit in the first quarter of this year from its business in Russia as it seeks to distance itself from the country after the invasion of Ukraine.Last month…
Europe needs to swiftly find alternative sources of energy following Russia's invasion of Ukraine but a proposed pipeline taking east Mediterranean gas to the continent via Israel, Cyprus, and Greece is not viable, a senior U.S. diplomat said…
Russia's Gazprom said on Friday it was quitting its business in Germany at a moment of crisis in the vital energy ties between the two countries in the wake of Russia's invasion of Ukraine.The gas giant gave no details or explanation of its…
Australian oil and gas company Woodside said Wednesday that the processing of gas from the offshore Pluto fields in W. Australia had started ahead of schedule at the North West Shelf Project’s (NWS) Karratha Gas Plant (KGP). 'This accelerated…
Thermoplastic composite pipe (TCP) maker Strohm has signed an agreement with Petronas Technology Ventures (PTVSB) part of the Malaysian oil and gas company Petronas, to commercialise TCP in the industry and scale its utilisation across Petronas facilities…
The United States will work to supply 15 billion cubic meters of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday.The EU is aiming to cut its dependency…
BHP Petroleum has submitted an environment plan for the 'safe and sustainable' closure of the Griffin Gas Export Pipeline, offshore W. Australia.The Griffin Gas Export Pipeline is located within Pipeline Licence WA-3-PL, in Commonwealth waters…
Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may fall by up to 1 million barrels per day (bpd), or 1% of global oil production, due to storm-damaged berths, a Russian official said on Tuesday…
Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…
Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined from normal levels on Thursday but were in line with requests for gas, while the Yamal-Europe pipeline remained in reverse mode for a third consecutive day.Flows to Germany…
Offshore engineering and construction company Subsea 7 said Tuesday it had won a substantial contract with an unnamed client.Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million (Subsea 7's share).The award…
Russian gas will continue to flow to Europe through Ukraine as long as the operators of Ukraine’s gas networks are able to function, the head of Ukraine's state energy firm Naftogaz told Reuters on Monday.Russia is the European Union's top gas…