Energy
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The number of rigs worldwide in January reached 1,696, compared to 1,660 active units in December. However, the January 2025 figure was by 87 rigs lower than in January 2024, according to the American oilfield services company Baker Hughes.
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The gas storage levels in Europe, a key indicator for the global market, have fallen below 50%, according to Gas Infrastructure Europe. The current level of reserves (49.95% as of the morning of February 7) is 8% lower than the average of the previous five years (58.04%).
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Potential cooperation opportunities between the State Oil Company of Azerbaijan (SOCAR) and the Emirati company Crescent Petroleum were discussed yesterday. During a meeting between SOCAR President Rovshan Najaf and Crescent Petroleum CEO Majid Jafar, the sides exchanged information about their companies' activities. They also discussed a wide range of cooperation opportunities in various sectors of the energy industry.
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The topic of a meeting between SOCAR President Rovshan Najaf, Chairman of the Board of Directors of the Slovenian company "Petrol d.d." Sasho Berger, and the CEO of "Geoplin d.o.o." Simon Urbanc was the possibility of expanding cooperation between the State Oil Company of Azerbaijan (SOCAR) and Slovenian companies in the energy sector.
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