Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Caspian Sea from Malaysian giant Petronas. Russian oil and gas company Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Azerbaijan part of …

Ordos in north China’s Inner Mongolia Autonomous Region, a major coal production hub, is making efforts to raise production to cope with the country’s rising energy demand in the coming winter and spring. The regional departments of energy and land resources have jointly facilitated the approval procedures for new coal …

Russia has been gradually increasing gas deliveries to Europe over the past nine months, boosting exports by 15% compared to last year and edging toward record gas deliveries via all routes, including Ukraine, Gazprom Export says. According to company CEO Elena Burmistrova, from January to September this year Russia’s state …

Meeting the net zero carbon emissions target by 2050 is a “massive challenge” for the aviation industry but it offers a huge opportunity for the sustainable aviation fuel (SAF) sector, which is already being propelled by the Covid-19 pandemic, industry experts said. Investments in the SAF industry and work towards …

Oil prices rose on Friday, tracking towards a 4.2% gain for the week on signs some industries have begun switching fuel from high priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now. U.S. West Texas Intermediate (WTI) crude futures climbed …

In 2021, Germany seems to be heading towards producing the largest increase in greenhouse gas emissions in the last 30 years. According to the observations of the first half of the year, the recovery from the coronavirus epidemic will be carried out at the cost of higher pollution than the …

On Wednesday, Google launched a suite of changes to many of its core products to help consumers make sustainable choices more easily. “Today, climate change is more than a threat,” Sundar Pichai, the CEO of Google and parent company Alphabet, said in a prerecorded video during a virtual press event …

Germany’s energy regulator said the Nord Stream 2 pipeline must show it would not break competition rules by limiting which suppliers used it and could face a fine if it started pumping Russian gas to Germany without securing necessary approvals. Nord Stream 2, a project led by Gazprom, which has …

On Monday, OPEC and non-OPEC oil-producing countries (OPEC+) confirmed that they will increase their joint production by 400,000 barrels per day in November. They left unchanged their plan to increase supplies progressively. It was announced by the 23 member countries of the alliance in their final declaration. They also decided …

Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis. The multiplication of the natural gas prices in Europe as a result of a drop in the fuel’s reserves there, was unprecedented, said Oil Minister Javad …