A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Dönmez has told Bloomberg. Turkey may be able to start with an initial annual production capacity of 3.5 …

As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shortages sparked by scant coal supply crippling large sections …

Energy giant Gazprom is reportedly ready to boost supplies of natural gas to Europe in a bid to help ease rising gas prices in the continent. Kremlin Press Secretary Dmitry Sergeyevich Peskov was cited by Interfax news agency as saying that state-owned energy firm Gazprom is interested in more European …

NATO Secretary-General Jens Stoltenberg on Monday asked China to show more transparency on its nuclear arms program. Stoltenberg held a talk with Chinese Foreign Affairs Minister Wang Yi by a video link to discuss NATO-China relations and international security challenges, Stoltenberg’s office announced in a press statement. Stoltenberg reaffirmed that …

When researchers flew over an Energy Transfer LP facility in the Permian Basin of West Texas two months ago, a NASA-designed sensor on their airplane detected a colossal plume of methane pouring into the air. Over the next two weeks, they returned twice and found large amounts of the powerful …

Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the energy crisis, …

Two investments banks, Goldman Sachs and Bank of America, have projected the crude oil price to hit between $85 and $100 in the coming months. The banks’ projection would come as good news for Nigeria despite production output struggles. In a note published on Friday, Goldman Sachs predicted an $80 …

The mankind is too close to nuclear annihilation, UN Secretary-General Antonio Guterres tweeted on Sunday. “Nearly 14,000 nuclear weapons are stockpiled around the world. Humanity remains unacceptably close to nuclear annihilation,” Guterres said. “Now is the time to lift the cloud of nuclear conflict for good, eliminate nuclear weapons from …

Iran and Venezuela have inked an oil contract to counter the sanctions the United States has imposed on both nations’ oil exports, Trend reports citing Mehr. Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of …

Sri Lankan Energy Minister Udaya Gammanpila emphasized developing bilateral cooperation with Iran. Speaking in a meeting with CEO of Tehran Oil Refining Company Hamed Armanfar, Gammanpila referred to Tehran-Colombo common interests, expressed satisfaction over bilateral cooperation, and stressed the importance of maintaining technical, engineering, and economic interactions in oil and …