Eastern Europe
News
November 21, 2024
MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector.
News
November 17, 2024
Baker Hughes and SOCAR have announced the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan.
News
June 21, 2023
OMV Petrom and Romgaz will invest up to $4.37 billion for the development phase of the project, which will enable roughly 100 Bcm of natural gas to be brought on stream.
News
June 14, 2023
Cumulatively, the discovered deposits hold over 30 MMboe of recoverable resources, equivalent to around three quarters of OMV Petrom’s 2022 production.
News
January 03, 2023
The agreement opens a new supply route in southeastern Europe after Russia curbed shipments to the continent following its invasion of Ukraine. Previously, Bulgaria’s shortest way to access LNG was through Greece.
News
December 06, 2022
The U.S. raised its forecast for oil production next year, reversing course after five straight months of cuts that stoked concern about a slowdown in output from shale fields.
News
November 30, 2022
Offshore Energies UK, the leading trade body for the UK’s offshore energy industry, has launched a report pinpointing key skills shortages that could put the transition to cleaner energies at risk.
News
November 14, 2022
Poland introduced compulsory administration over Gazprom PJSC’s stake in the company that owns the local part of the Yamal-Europe gas pipeline, tightening the government’s grip over Russian assets in the country.
News
November 09, 2022
Ukrainian security officers conducted a raid of a major oil company and a refinery as authorities investigate possible tax evasion and move to seize strategic assets owned by some of the country’s richest men.
News
August 23, 2022
On July 30, ENTSO-E allowed a 2.5-fold increase in the export of Ukrainian electricity to Europe, only up to 250 MW. This gives Ukraine a revenue stream for supporting its energy sector.
News
July 28, 2022
Block Energy plc, an exploration and production company focused on Georgia, announced the commencement of Project II of its three-project strategy, which will re-develop the Patardzeuli Middle Eocene reservoir.
News
June 15, 2022
Sanctions have led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and international capital have halted the construction of numerous oil and gas projects.
News
May 20, 2022
Former German Chancellor Gerhard Schroeder is quitting his post as chairman of Russian state-owned oil company Rosneft PJSC after widespread calls for him to cut ties to Russian President Vladimir Putin over the invasion of Ukraine.
News
May 17, 2022
Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies.
News
April 13, 2022
Eni SpA signed a framework agreement to boost flows of liquefied natural gas from Egypt to Italy, as European nations step up efforts to wean themselves off Russian energy in the wake of Moscow’s attack on Ukraine.
News
March 09, 2022
Russia’s invasion of Ukraine has brought a wartime energy transition to Europe. The continent’s decades-long timelines for overhauling energy supply systems that support more than 440 million people are now being revved up under extraordinary duress.
News
February 22, 2022
Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized.
News
December 13, 2021
German Chancellor Olaf Scholz, under pressure from the U.S. to halt the Nord Stream 2 pipeline project over Russian aggression toward Ukraine, may quietly delegate the task to the country’s bureaucracy.
News
October 08, 2021
The controversial Nord Stream 2 pipeline has the potential to ease Europe’s gas crisis, and Russia says the project is on track. But obstacles remain -- and some of them could take months to clear.
News
September 23, 2021
Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November.
News
March 29, 2021
KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions.
