Companies

Russian energy giant Gazprom on Wednesday cuts off its gas supplies to Germany via the Nord Stream 1 pipeline for maintenance work, further raising tensions on an already taut electricity market. The three-day works at a compressor station are “necessary”, Gazprom has said, adding that they had to be carried …

French utility Engie announced that Russian energy giant Gazprom will reduce gas deliveries as of today over a contract disagreement. The company did not specify the reason for the dispute, but did say it “had already secured the volumes necessary to meet its commitment towards its customers and its own …

The German government has created a holding company for nationalizing the German branch of Russia’s Gazprom. Germany wants to carry out the nationalization as soon as possible. The former Gazprom Germania was initially renamed Securing Energy for Europe (SEFE), and then in June renamed Securing Energy for Europe Holding GmbH …

BP is still in the process of assessing when a restart of the affected units of its Whiting refinery can take place, BP told Oilprice.com on Friday. BP continues to work “with local and state agencies as we continue to monitor the impact” of the electrical fire, which saw no …

French energy firm TotalEnergies said Friday it was divesting its stake in a Russian gas field that was reported this week to be providing fuel that ends up in Russian fighter jets. The company said that it had signed a deal on Friday with its local Russian partner Novatek to …

Russia’s Gazprom on Thursday said no turbines used on the Nord Stream 1 gas pipeline were undergoing maintenance in Canada, a day after a Canadian minister was quoted as saying five turbines were there. Canada’s foreign affairs minister Melanie Joly in a report was quoted by broadcaster CBC News as …

Italy’s Eni has announced a significant gas discovery at the Cronos-1 well off Cyprus. The block is operated by Eni, with both End and Total Energies holding a 50% interest each. Eni estimates around 2.5 TCF of gas in place, with significant additional upside possible with a further exploration well …

A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity and heat homes. The latest …

Russia’s Gazprom has ramped up flows to Hungary via the TurkStream pipeline that brings gas to Hungary via Bulgaria and Serbia, a Hungarian foreign ministry official said on Saturday (13 August). European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia’s invasion of Ukraine, creating …

Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emissions reduction. Under a memorandum of understanding signed in a virtual meeting in Kuala …