Sources say that the German Economy Ministry is open to the idea of a SEFE-Uniper tie-up.
According to two sources familiar with the situation, the German economy ministry, which is responsible for the ownership of former SEFE Gazprom, would be open to combining the company with a bailed-out Uniper.
Ukrainian drones strike Russian oil refinery and petrochemical complex
Ukraine announced on Thursday that drones it had used in Russia struck an oil refinery and a major oil-processing and petrochemical facility. This was part of a campaign intensifying to disrupt the oil and gas industry in Moscow.
TASS reports that Russia's top oil executive said Asian oil demand is still growing.
Alexander Dyukov of Russian oil giant Gazprom said that the demand for crude oil in Asia continues to increase, while China, among other countries, has been replenishing its crude stocks, according to TASS.
Shell Signs 10-year Gas Supply Deal with MVM CEEnergy
Oil and gas major Shell signed a 10-year natural gas deal with Hungary's MVM CEEnergy on Tuesday, in a move designed to strengthen its presence in central and eastern Europe.Shell, the world’s biggest liquefied natural gas (LNG) trader…
Minister: Shell to sign new gas contract with Hungary
The Hungarian foreign minister announced on Tuesday that, later that day, he will sign a long-term contract for the purchase of gas with Shell. This would be "the largest volume and longest Western supply contract in history".
Russian ESPO Crude Prices Remain Steady From Chinese Demand
Russian ESPO Blend crude prices held steady for October-loading cargoes as robust demand from China offset growing pressure from Western sanctions and ample supply, traders said on Monday.Cargoes loading…
Putin: Gas pipeline from China to Russia will benefit both countries, calculate price using market formula
The Russian President Vladimir Putin stated on Friday that Power of Siberia 2 was a "mutually-beneficial project". He also said the price of gas would be determined by a formula similar to those used to supply gas to Europe.
Prices for Europe GAS are mixed due to stronger winds and lower Norwegian flows
The Dutch and British wholesale gas price were mixed Tuesday morning, due to higher wind production and lower Norwegian supply. LSEG data shows that the benchmark Dutch front-month contract for the TTF…
Orlen's Q2 profits jump as upstream gains and write-downs offset each other
Orlen, a Polish energy company, reported on Thursday a nearly 74% increase in its second quarter profit. A strong performance upstream helped to offset the effects of lower refining and asset writedowns.
Russian energy exports disrupted since the start of Ukraine War
One of the bargaining chips that Donald Trump will use to convince Vladimir Putin to progress towards a ceasefire agreement in Ukraine when he meets him on Friday is to reduce U.S. restrictions on Russia's exports and energy industry.
Italy and Algeria strengthen their cooperation through new business and security deals
An intergovernmental meeting held in Rome on Tuesday saw Italy and Algeria agree to cooperate in the fight against terrorism and migration, and companies sign deals in energy and telecommunications sectors.
Equinor Q2 Core Profit drops as expected due to lower oil prices
Equinor reported on Wednesday that its second-quarter profits fell by 13% compared to a year ago, as expected, due to the decline in oil prices, which outweighed an increase in gas. Equinor's poll of 21…
Diplomats claim that the EU has again failed to approve new sanctions against Russia
Four EU diplomats said that the European Union had failed to approve new sanctions against Russia for the second time on Wednesday, as Slovakia sought concessions regarding gas supplies. Diplomats who…
Slovakia wants to reach an agreement on the end of Russian gas supply by Tuesday
Robert Fico, Slovakia's Prime Minister, said that the country hoped to reach an agreement by Tuesday with the European Commission and EU partner countries on guarantees it would not be affected by the…
Gazprom and CNPC discuss future Russian Gas Supplies to China
Gazprom reported that the heads of Russia's Gazprom, and China's CNPC, discussed future Russian gas deliveries to China in Beijing during their talks. Moscow is seeking stronger ties with China, which is the world's largest energy consumer.
SEFE signs 3-year contract with ADNOC for LNG supply
SEFE, a German company, has signed a deal with ADNOC of the United Arab Emirates for liquefied gas. Deliveries are expected to start in 2025. After the Russian invasion of Ukraine, SEFE (Securing Energy for Europe)…
EBRD lends Moldova 400 million euros for energy security
The European Bank for Reconstruction and Development announced on Tuesday a 400 million euro loan ($468 million) to the state-owned energy company Energocom of Moldova for purchasing gas and electricity…
Greece's DEPA signs out-of-court agreement with Gazprom on gas prices
DEPA Commercial, the Greek gas supplier, announced on Tuesday that it had reached an agreement outside of court in its dispute with Gazprom regarding gas prices. DEPA signed with Gazprom a contract in…
Gazprom wins partial gas price war, but Orlen could owe up to $290 million
Orlen, a Polish oil and gas firm, could be hit with a bill for almost $300 million after deciding that Gazprom has the right to charge higher prices retroactively on gas supplied to Poland. Orlen is a brand of Orlen.
Russian LNG exports dropped 4.4% year-on-year in January to June, according to data
LSEG's preliminary data on Wednesday showed that Russia's liquefied gas exports in the first six months of this year fell by 4.4% compared to a year ago, reaching 15.2 million metric tonnes. This was despite international sanctions over Ukraine.