Top News

Iraq is waiting on a final answer from turkey to resume its northern oil exports through the Mediterranean port of Ceyhan, the country’s oil minister said Tuesday. Hayan Abdel-Ghani’s remarks come as oil production in Iraq’s semi-autonomous Kurdistan Regional Government (KRG)-ruled region continues to drop as export flows to Turkey’s …

Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter the South Asian island country’s retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval. The contract agreement would enable Sinopec 386, -0.39% to import, store, distribute and sell …

With net zero commitments increasing pressure on the energy industry to move away from fossil fuels, there is a race to market for renewable energy projects. Whilst renewable energy may be part of the solution for global warming, these projects face their own problems. This can range from inflation and …

A week after Japanese regulators postponed the restart of the world’s biggest nuclear power plant due to safety lapses, a careless employee working from home added to the company’s woes. Tokyo Electric Power Co., which operates the Kashiwazaki-Kariwa nuclear power plant in Japan’s Niigata prefecture, said an employee placed a …

G7 leaders have agreed that public investment in natural gas can be appropriate as a “temporary response” to the energy crisis caused by Russia’s war in Ukraine and that LNG in particular has an “important role” to play. At their summit meeting in the Japanese city of Hiroshima, they stressed …

Polish group Orlen has started constructing an onshore substation for the future Baltic Power wind farm in the Baltic Sea, which is scheduled to become operational in 2026. The company plans to start the first installation work at sea in 2024. The Baltic Power offshore wind farm will consist of …

Steel is a critical component of modern industry and economy, essential for the construction of buildings, automobiles, and many other appliances and infrastructure used in our daily lives. Visual Capitalist’s Niccolo Conte create this infographic, using data from the World Steel Association, to visualize the world’s top steel-producing countries, and …

Turkey will conduct oil exploration activities in the eastern Black Sea, Energy and Natural Resources Minister Fatih Donmez has said, adding that finding oil in this area is likely. Oil exploration activities are presently concentrated off the coast of the province of Zonguldak and seismic studies off the coast of …

Chinese President Xi Jinping called for accelerating the construction of the 4th line of the Turkmenistan-China gas pipeline, which will also be laid on the territory of Tajikistan and Kyrgyzstan, Trend reports. In his speech at the first face-to-face summit “Central Asia – China”, which is being held in Xi’an, …

There will be no significant effect on oil prices from stricter enforcement of the price cap on Russian oil exports as supply will not change meaningfully. This is according to the International Energy Agency, which commented on a statement made by the G7 during their meeting this weekend. “Any significant …