Energy - 2024
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Average gas prices in Europe decreased by 4.8% in July to $ 365 per thousand cubic meters, according to data from the London ICE exchange. This is by 8.4% higher than a year earlier – just over $335....
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Following the results of August 2, the price of September futures for Brent crude oil on the London ICE exchange fell by 3.29% to $76.81 per barrel.
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The largest US oil and gas company Exxon Mobil increased its net profit in the second quarter of 2024 by 17%, and the adjusted figure and revenue exceeded market expectations. According to the company...
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The European Commission has advised Hungary and Slovakia to abandon oil supplies from Russia and start searching for other sources in response to a complaint that Kiev is blocking oil supplies from th...
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Kazakhstan plans to put into operation a gas processing plant (GPP) in mid-2026 GPC INVESTMENT LLP has a design capacity of about 1 bcm per year at the “Kashagan” field, the press service of the Gover...
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Oil companies in Russia have significantly reduced the pace of drilling compared to last year's record, according to data published by Bloomberg. It is noted that such dynamics may be due to the OPEC+...
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Work is underway to measure wind speed in the designated areas in the marine area of Azerbaijan. These works are provided for by the "Strategy of socio-economic development of the Republic of Azerbaij...
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“Azerishig” OJSC (the state monopoly on electricity distribution in Azerbaijan) announced that it has started updating electric networks in seven villages of the Kurdamir district. According to the in...
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Gas supply will be suspended in some parts of the Garadagh district of Baku today, “Azerigaz” (the structure of the State Oil Company of Azerbaijan for gas distribution) reported.
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In the first half of 2024, BP and its partners in joint projects, of which it is the operator, spent more than 500 thousand dollars on social investment projects in Azerbaijan. These projects include...
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Baku/05.08.24/Turan: By the end of January-June 2024, 14 bcm of natural gas were produced at Azerbaijan's largest gas field, “Shah Deniz”, by 1 bcm more than in the first half of last year.










