The European Union is unveiling a new emergency package to tackle the energy crunch, betting on steps to bolster solidarity among member states. But the bloc will refrain from immediate gas-price caps amid political divisions and concerns over security of supply. The European Commission plans Tuesday to propose measures to …

The Norwegian Petroleum Directorate (NPD) last week granted Equinor a drilling permit for wellbores 34/6-6 S and 34/6-6 A, expected to be drilled in November and December 2022, respectively. The prospect is named Angulata Brent. Both wells are located in production licence 554, between Garantiana and Visund fields. The licence …

The introduction of a price cap on Russian gas in Europe, if such a decision is made, will be a violation of the contractual terms and will entail the termination of supplies, Alexey Miller, the head of Russian energy giant Gazprom, said on Sunday. “We are guided by the contracts …

Russian representative in Vienna-based International Organizations says the US supplies liquefied natural gas to Europe at a price 4 times higher than on the US home market. Mikhail Ulyanov in a tweet on late Sunday pointed to the US action in selling its gas to European countries at a high …

NATO begins planned nuclear exercises that will last until October 30. Their purpose is to ensure the effectiveness of the Alliance’s containment. Training flights are taking place in Belgium, which is hosting the exercise, and flights over the North Sea and Great Britain are also planned. This year’s exercises come …

Iran’s Minister of Energy Al-Akbar Mehrabian highlighted the country’s cooperation with Latin American states and called for fostering relations with Nicaragua. Mehrabian made the remarks at a video conference with a Nicaraguan delegation. Referring to the history of Iran’s cooperation with Latin American countries, including Nicaragua and Venezuela, the minister …

China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of raw materials. The world’s top energy consumer will enhance a “diversified domestic supply base” centred on coal while accelerating development …

When the final estimates are determined, gas escaping from the Nord Stream pipeline disaster will likely be the largest recorded release of methane from the oil and gas industry. But remarkably, those catastrophic emissions represent about the same amount of methane the industry releases worldwide every few days. According to …

The number of carbon capture and storage projects in development grew to record levels this year on the back of rising carbon prices and government incentives, but would still only mitigate less than 1% of annual emissions, a new report finds. There are now 153 CCS projects in the planning …

Dutch Fuel Supplier “Titan” intends to make the world’s largest bio LNG liquefaction plant near its berth in the Port of Amsterdam. When completed, the facility will have the capacity to produce 200,000 tons of bio-LNG annually. According to Titan’s plans, the facility will begin production in 2025. Contracts have …