Energy - 2024
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Azerbaijani President Ilham Aliyev has been invited to the BRICS summit in October, which will be held in Kazan, the Deputy Foreign Minister of Russia, Sergey Ryabkov told reporters, TASS reports. "We...
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Issues of cooperation between Azerbaijan’s State Oil Company (SOCAR) and the German company “Uniper” were discussed in Baku, according to SOCAR’s press service. "President Rovshan Najaf met with a del...
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In the coming weeks and months, meetings on COP29 at technical and political levels will intensify, said EU Commissioner for Climate Action, Wopke Hoekstra. The Commissioner noted that at COP29, minis...
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The first components of next-generation wind turbines, brought to Azerbaijan by ACWA Power, have been delivered to the Baku Shipyard. According to the press service of the Baku Shipyard, the wind turb...
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On August 27, Azerbaijan's Deputy Minister of Energy, Elnur Soltanov, discussed energy transition issues and other topics of cooperation with a delegation from the German company Uniper. According to...
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Gas production in Russia in July 2024 amounted to 50 bcm, a 16% increase compared to July 2023 (43.1 bcm). The industry-standard figure includes the data published by Rosstat on the production of comb...
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Kazakh President Kassym-Jomart Tokayev considers the diversification of export routes to be one of the main tasks for the country’s oil and gas sector, according to the press service of the head of st...
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The global market for underwater oil production equipment is expected to grow at an average rate of 10% per year from 2024 to 2027, according to Rystad Energy’s mid-term forecast. Investment in this s...
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The brand of the Norwegian oil and gas company Equinor ASA has become the most valuable in Northern Europe for the first time, surpassing IKEA, according to a Brand Finance study. IKEA had led the lis...
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For the first time, an Azerbaijani company has used the Northern Sea Route (NSR) to ship oil to the People's Republic of China. Until now, the NSR route to China had been dominated by vessels from the...
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The State Oil Company of Azerbaijan (SOCAR) and Russian PJSC "Tatneft" plan to establish a joint venture for the production of lubricants. "SOCAR and Tatneft plan to create a joint venture for the pro...
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Kazakhstan aims to boost its oil production to 104.8 million tons by 2029, announced National Economy Minister Nurlan Baibazarov at a government meeting yesterday. "The volume of oil production will i...
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At a briefing following a government meeting, Timur Zhantikin, CEO of Kazakh Atomic Energy Stations JSC, revealed that the capital costs for constructing a nuclear power plant in Kazakhstan could rang...
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Turkmen President Serdar Berdymukhamedov met yesterday with the Chairman of the Board of “Dragon Oil” (UAE), Sayid Al Tayyer. According to the official newspaper "Neutral Turkmenistan," the meeting fo...
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ExxonMobil Corp. anticipates that global oil demand will remain at current levels until 2050. Demand is expected to stay above 100 million barrels per day (bpd), according to ExxonMobil's annual “Glob...
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October Brent crude futures on the London ICE Futures exchange closed yesterday at $79.67 per barrel, marking a 2% decline in a single day. October WTI crude futures on the New York Mercantile Exchang...















