The spokesman for the Atomic Energy Organization of Iran (AEOI) says the organization is in talks with Russia over the development of Iran’s Bushehr nuclear power plant. AEOI spokesman Behrouz Kamalvandi said on Wednesday that Iran and Russia had good bilateral relations, including in the nuclear field, and were negotiating …

Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets, implying that the world’s biggest crude exporter has no plan to accelerate its gradual production increases. “As far as we are aware there is no shortfall of oil,” Prince Faisal bin Farhan said, speaking …

Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will reverse the last decade’s trend of increasing spot purchases. Fears of disruptions in Russian gas to Europe and low inventories …

European energy companies appear to have bent to Russian President Vladimir Putin’s demand that they purchase natural gas using an elaborate new payment system, a concession that avoids more gas shut-offs and also gives Putin a public relations victory while continuing to fund his war effort in Ukraine. The system, …

Representatives of Turkish companies that purchase oil and fat products in Russia expect supplies of such products to remain at a high level this year, the Russian Agriculture Ministry’s Agroexport Center said. “Representatives of Turkish companies, most of which already work with Russia, are confident that the quantity of supplies …

European Commission President Ursula von der Leyen has ruled out reaching an EU-wide agreement on banning Russian oil imports at next week’s European Council summit. In an interview with POLITICO on the sidelines of the World Economic Forum in Davos, von der Leyen said she did not want to raise …

Scientists at the U.S. Naval Research Laboratory believe that power beaming could be the next big thing in energy, capable of wirelessly powering devices and delivering electricity from miles away. Basic physics and recent advances in transmission and reception technologies could one day provide power without needing electricity grids—potentially reducing …

Tensions are rising between Baghdad and Kurdish officials in the semi autonomous Kurdistan Regional Government in Northern Iraq as Iraq’s Oil Ministry prepares to take control of the Kurdish oil sector, including contracts with foreign companies. On Saturday, the Iraqi Oil Ministry announced plans to create a new national oil …

Italian Eni and French TotalEnergies on Monday began the exploratory drilling of a natural gas well off the coast of Cyprus in the same block where a discovery was made in 2018. On Monday, the Tungsten Explorer drillship arrived off the coast of Cyprus to begin drilling in Block 6, …

Norway, western Europe’s largest oil and gas producer, should share the huge profits it has made from oil and gas exports since the Russian invasion of Ukraine, Poland’s prime minister Mateusz Morawiecki said this weekend. “They should share these excess profits. It’s not normal, it’s unjust. This is an indirect …