Energy - 2024
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The establishment of the Trans-Caspian electricity network has significant potential,the President of Uzbekistan, Shavkat Mirziyoyev, said at opening ceremony of the annual meeting of the Board of Gov...
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Rosneft has ranked first in the Forbes list of the 100 largest companies in Russia by net profit, the agazine's website. According to the magazine, Rosneft became the leader in net profit among the la...
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Global energy demand is projected to reach 374.1 million barrels of oil equivalent per day by 2050, an increase of 24% compared to 2023, according to OPEC's annual report. This is the first assessment...
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“Masdar” (UAE) anticipates the liberalization of Azerbaijan's electricity market over the next four years, Murad Sadigov, head of “Masdar” Azerbaijan Energy, said during a green finance conference in...
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More than 70% of Azerbaijan's green energy capacity will be exported, stated Energy Minister Parviz Shahbazov during the Wind Energy Hamburg conference panel on "During the Energy Transition." He note...
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Total spending on the green budget is set to increase by more than 16% in 2025, including budget allocations for climate change mitigation, Azerbaijan's Prime Minister Ali Asadov said during a Cabine...
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Türkiye, the third-largest buyer of Russian oil, has cut its imports from Russia by half amid repairs at the STAR refinery near Izmir. In August, imports fell to just under 200,000 barrels per day fro...
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Türkiye has received its first Floating Production, Storage and Offloading (FPSO) unit, expected to commence operations at the Sakarya gas field in the Black Sea in 2026, announced Energy and Natural...
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Moscow has responded to the European Commission's report on the "State of Affairs in the Energy Union," stating that Brussels' push to reduce Russian gas supplies to Europe is backfiring on the EU its...
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Saudi Arabia supports the reform of the United Nations system, which it claims fails to maintain international peace and security, Saudi Foreign Minister Prince Faisal bin Farhan Al Saud said at the "...
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Norwegian energy company Equinor has scrapped plans to export hydrogen to Germany, citing the project as too costly with insufficient demand, according to Berliner Zeitung. Equinor had entered an agre...
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The price of gas in Europe rose nearly 4% on Monday. The October futures for gas at the TTF hub on the ICE index increased by 3.9%, reaching €35.795 per megawatt-hour ($417.2 per thousand cubic meters...
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Oil prices accelerated their rise at the beginning of this week following news of escalating tensions in the Middle East. On Monday, November futures for Brent crude increased on the London ICE Future...
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On the evening of September 20, shareholders of the Azeri-Chirag-Guneshli (ACG) oil field development project signed a second amendment to the existing Production Sharing Agreement (PSA) dated Septemb...
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On September 20, bp and the State Oil Company of Azerbaijan (SOCAR) signed a Memorandum of Understanding regarding the development of the "Karabakh" oil field, located in the Azerbaijani sector of the...
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On September 20, bp and the State Oil Company of Azerbaijan (SOCAR) signed a Memorandum of Understanding for the exploration and development of the offshore structures "Ashrafi," "Dan Ulduzu," and "Ay...















