Companies

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 …

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia. “Today, Gazprom suspended its gas supplies to Latvia… due to violations of the conditions” of purchase, the company said on …

Shell on Thursday reported a second-quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also announced a share buyback program of $6 billion for the current quarter, but did not raise its dividend …

Russian Gazprom is reducing daily gas deliveries to Italian Eni company by almost 20.6 percent, Trend reports with reference to Eni. “Gazprom informed it will deliver gas volumes for approximately 27 million cubic meters today, compared to daily deliveries of approximately 34 million cubic meters made in recent days. Eni …

The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from Cedigaz, as the country increased supply to Europe amid the Ukraine crisis. US LNG exports rose 12% to average 11.2 billion cubic feet per …

Schlumberger reported on Friday higher-than-expected profit for the second quarter as drilling activity rebounded in all markets, prompting the world’s largest oilfield service provider to raise its 2022 revenue and earnings outlook as “the multiyear upcycle continues to gain momentum.” Schlumberger booked earnings per share (EPS), excluding charges and credits, …