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Delegates from OPEC+ are trying to decide what to do when the oil production pact ends in, Bloomberg reported on Friday. The pact is faced with numerous uncertainties and difficult situations—not the least of which is its relationship with one of the top members of the group—Russia. Saudi Arabia has …

Russia reduced natural gas to Europe again on Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. It marks the third day of significant reductions to the fuel that …

The United States, the European Union and countries such as Japan have agreed to enhance efforts to achieve a goal of reducing global methane emissions by at least 30% by 2030, targeting emissions in the oil and gas sector. Under the Global Methane Pledge Energy Pathway launched Friday, nations are …

U.S oil service company Baker Hughes will no longer provide engineering services to Russian LNG developers. That creates another serious headache for Novatek’s LNG projects in the Arctic. According to newspaper Kommersant, Baker Hughes will also stop deliveries of equipment to Russia. Baker Hughes plays a key role in several …

Gazprom Germania will be handed a loan of up to €10 billion (£8.6bn), the German Government has confirmed. Officials have said that the aim is to place the firm into a long-term administration regime. It is reported that the loan will help the company avoid insolvency. In the statement, the …

Ukrainian gas transmission system operator GTS said on Wednesday it was ready to increase the volume of gas transit through the Sudzha entry point to supply the EU. This comes as the continent faces cuts to Russian gas-supply via the Nord Stream pipeline. “In order to help prepare European countries …

Iran has received $1.6 billion in arrears from the Iraqi government for imports of natural gas, Oil Minister Javad Owji announced late Wednesday. In a Twitter post, Owji said the debt from previous years was received “a few hours ago” following “several months of negotiations” between the two sides, crediting …

Russia has blamed Western sanctions for its decision to curb gas supplies to Europe in a move Germany said was politically motivated. Gazprom, Moscow’s state-backed energy giant, announced yesterday it would slash gas deliveries through a key European pipeline by 20pc, a day after announcing a 40pc cut to the …

The spokesman for the Atomic Energy Organization of Iran (AEOI) has advised the UN nuclear agency’s director general to refrain from complicating the situation through political statements. Behrouz Kamalvandi’s comments came after the head of the International Atomic Energy Agency (IAEA) called on Iran to resume talks “now” on reviving …

Russian giant Gazprom will cut its gas supplies to Italy by 15% due to the back-and-forth between Russia and Europe over energy supplies, the company said on Wednesday. Following the decision to cut by 40% the volume of gas supplies to Germany along the Nord Stream pipeline on 14 June, …