International

German utility EON SE warned that Europe may not have seen the end of turmoil in its energy markets and the situation could still take a turn for the worse. “The crisis is not over yet,” the energy company’s Chief Financial Officer Marc Spieker said Wednesday alongside an earnings report. …

A study published in Nature Energy on Monday has revealed that the U.S. Oil Patch is home to tens of thousands of inactive offshore oil and gas wells that remain unplugged, posing the risk of possible leaks into the ocean. The study estimates that whereas plugging and abandoning these wells …

The European Commission has proposed to EU member states to consider trade restrictions on companies from China, Hong Kong, the UAE, Uzbekistan, and Armenia which are thought to be helping Russia obtain technology for its military and industrial complex, Bloomberg reported on Monday, quoting draft proposals it had seen. The …

The Director of the International Atomic Energy Agency, Rafael Grossi, issued an urgent warning of a potential catastrophic nuclear accident at the Russian-controlled Zaporizhzhia nuclear plant in Ukraine, as Russian forces evacuated civilians from the nearby Ukrainian town of Enerhodar. Grossi said the situation at the Zaporizhzhia station was “increasingly …

China reported higher offshore crude oil and natural gas production for the first quarter, with oil production up by 3.8% and natural gas production up by 6.5%, Xinhua reported. The increase was part of a broader one for the country’s marine economy, which grew by 5.1% during the first quarter, …

The USA pipeline safety agency has filed a draft regulation aimed at strengthening industry measures to curb methane emissions and prevent hazards to people and the environment from the country’s nearly three million miles of gas pipelines. The proposal by the Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety …

Italy’s newest and fourth regasification facility has received its first liquefied natural gas (LNG), paving the way for the startup of a project supplier Eni SPA said can serve about seven percent of domestic demand. The supply came from Egypt, among several countries in Africa where state-controlled Eni has strengthened …

Venezuela has signed an agreement with European energy giants Eni and Repsol that allows for the export of natural gas liquids -or condensates- to other markets, according to Pedro Tellechea, the country’s oil minister and Petroleos de Venezuela head. The deal comes after years of discussions with Italy’s Eni and …

The US Energy Information Administration (EIA) has reported a decrease in Iraq’s oil exports to the United States. According to the administration’s report, Iraq’s average oil exports to the US reached 148,000 barrels per day during the past week, marking a decrease of 74,000 barrels per day compared to the …

Greek shipping tycoons and their tanker companies are moving large volumes of Russian oil and are making a lot of money off these trades, which are mostly shunned by other Western ship owners after the West moved to sanction Russia’s crude. Tankers owned by EU member Greece, one of the …