Turkey on Tuesday (9 August) sent its newest drill ship on the first eastern Mediterranean energy exploration mission in nearly two years. The search for natural gas in energy-rich waters around the divided island of Cyprus has turned into an irritant in Turkey’s ties with the European Union. President Recep …

China has the second largest number of nuclear power units in operation or under construction in the world, Tang Bo, an official with the National Nuclear Safety Administration, said on Tuesday. Speaking at the opening ceremony of the 29th International Conference on Nuclear Engineering (ICONE), Tang said that, as of …

The 165th day of Russian aggression and war against Ukraine is coming to an end. Unpunished evil always returns and commits a bigger crime. Unfortunately, the lessons of Russian aggression against Georgia on 8 August 2008 and the beginning of the war against Ukraine in 2014 were not learned by …

After years of uncertainty and stagnation, the offshore drilling market is on the rebound and is in the early innings of an upcycle in investment and activity that will outpace the 2016-2019 cycle, major services and rig providers say. Analysts and top offshore drilling executives say that offshore rig utilization …

French authorities have allowed five nuclear power plants in France to continue operations and discharge hot water in rivers even during another heatwave as the country looks to keep its electricity generation stable and conserve natural gas for the coming winter. Power giant EDF has warned that it might have …

Goldman Sachs revised down its Brent price forecast for this quarter to $110 a barrel, down from a previous projection of $140 per barrel, but the investment bank still believes the case for higher oil prices remains strong. In recent weeks, oil prices have been driven down by low trading …

India is among the top importers of crude oil, depending on foreign fuels to meet 85% of its requirements. And it seems to have put its overdependence on imported oil to its advantage when the Ukraine war pushed the fuel prices in the global markets. Saudi Arabia seems to have …

China’s natural gas output has exceeded 100 billion cubic meters per year during the past consecutive five years, thepaper.cn learned from Chinese energy giant China National Petroleum Corporation (CNPC) on Sunday. The rising output is a result of multiple factors such as technology progress and China’s accelerated efforts to develop …

U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also a preoccupation with soaring costs. The combined oil and gas production forecasts from a dozen companies …

The UAE government’s net operating surplus more than doubled in the first quarter to Dh36.4 billion ($9.9 billion) as surging oil prices boosted public revenue, finance ministry data showed on Monday. High oil prices and increased production have been a boon for the UAE’s economy this year, along with a …