The start of a much-delayed nuclear plant in Finland has helped bring down electricity prices by more than 75 per cent in the Nordic country, chief executive of Finland’s national grid operator Fingrid has said. The Olkiluoto 3 (OL3), Europe’s first new nuclear plant in 16 years, began operating in …

More than 200 Foreign companies from 13 countries are going to participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), which is slated to be held at the Tehran Permanent International Fairgrounds during May 17-20. According to the Director General of the Iranian …

The Group of Seven (G7) and EU countries intend to ban the import of pipeline gas on routes where Moscow has previously cut supplies as part of the 11th package of sanctions against Russia. Azernews reports that the ‘Financial Times’ newspaper has published information about this with reference to the …

The Iraqi Oil Minister, Hayan Abdul-Ghani, stated that Iraq wants to resume oil exports from the Kurdistan region of Iraq to the Turkish port of Ceyhan, starting from Saturday, but it is waiting for Turkey’s approval, Reuters reported. Experts say that Turkey’s presidential elections taking place on Sunday might postpone …

The float-over installation of the topsides of a 15,000-tonne offshore drilling platform was completed on Saturday using a jacket platform, the steel frame supporting the topsides, in south China’s Guangdong Province, according to the China National Offshore Oil Corporation (CNOOC). The Enping 20-4 platform in Enping oilfield, located in the …

Governments worldwide are encouraging private companies to move away from fossil fuels and invest heavily in green energy and related technologies. In doing so, they are also trying to expand the consumer market, pushing the public to accept a movement away from fossil fuels, such as the natural gas used …

Private US nuclear fusion company Helion Energy will provide Microsoft (MSFT.O) with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing …

Signs are emerging that the still continuing IPO boom in the Gulf could be reaching its zenith. Lower oil and gas revenues as a result of falling Brent crude prices, headwinds for the global economy, high inflation in the U.S. and Eurozone, and ongoing central bank interest rates hikes are …

According to Iraq’s oil minister, Hayan Abdel-Ghani, Iraq does not anticipate further oil output cuts by OPEC+ at its next meeting in June. In an interview with Reuters, Abdel-Ghani stated that Iraq could not reduce its oil production further and expects no additional reduction during the upcoming meeting. Iraq is …

Iranian Oil Minister Javad Owji said on Saturday that Tehran and Baghdad have agreed to extend the gas export contract for five years. The oil minister, who is on a visit to Baghdad, made the remarks following a meeting with Iraq’s Minister of Electricity Ziad Ali Fazel, saying that the …