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Iran has escalated its uranium enrichment further by enriching with advanced machines at its underground Fordow plant, the IAEA has reportedly said. The International Energy Atomic Agnecy (IAEA) said in a report on Saturday claimed by Reuters that Iran has escalated its uranium enrichment further with the use of advanced …

Russian gas transit through Ukrainian territory may total around 40 mln cubic meters on Saturday, according to data released on the website of the Gas Transmission System Operator of Ukraine (GTSOU). Nominations for transit of Russian gas for July 9 via the gas distribution station Sokhranovka are absent, whereas nominations …

Norway approved plans on Friday for three gas field developments that will further increase production from the Norwegian Continental Shelf in the short to medium term. The move comes days after Norway’s authorities approved applications from operators to boost production from several operating gas fields, the Norwegian Ministry of Petroleum …

OPEC+ pumped more than 2.5 million barrels per day (bpd) below its target in June, despite a rebound in Russia’s oil production that helped the group’s output rise by 730,000 bpd from May, according to the Argus survey published on Friday. Saudi Arabia and Iraq, OPEC’s largest and second-largest producers, …

France plans to renationalize EDF, its giant utility. That doesn’t sound like a big deal because the government already owns 84% of EDF’s outstanding shares. But here is how we read the story. The French government wants to expand nuclear production in France and it also wants EDF to spend …

The number of active drilling rigs in the United States increased to 752 this week, up by two from the previous week and 273 from this time last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 597 oil …

Shell Plc said surging margins from fuel production could have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The trading update from the London-based energy giant is the first indicator of just how much cash was …

Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks around the world are raising interest rates to tame inflation, spurring fears that rising borrowing costs could stifle …

European countries are attempting to substitute Russian energy resources, but it will lead to price growth, Russian President Vladimir Putin said on Friday at the Cabinet meeting. “Europeans are attempting to substitute Russian energy resources, but the outcome of such actions is expectable – this is the gas price increase …

Italian energy company Snam acquired a new floating regasification vessel from BW LNG company to contribute to Italy’s energy security and diversification. The vessel has a maximum storage capacity of 170 thousand cubic metres of liquefied natural gas (LNG) and a continuous regasification capacity of about 5 billion cubic metres …