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2 mins read

China is set to be Russia's biggest pipeline gas customer this year as flows to Europe dwindle

Gazprom's gas flows via pipeline to China have surpassed flows to Europe in the first nine months o…

Kelly Cloonan   


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3 mins read

Russia says it's the bigger person for not cutting Europe's natural gas supply — but that's not all there is to it

Russia supplied 40% of Europe's gas before the full-scale invasion of Ukraine. It's now down to 15%.

Huileng Tan   


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1 min read

One key country is holding up a natural-gas pipeline that would deepen ties between Russia and China

Mongolia won't fund the Siberia-2 pipeline for the next four years, throwing a wrench in a project …

Filip De Mott   


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Russia is flooding Europe with discounted gas to win back Western buyers

Gas markdowns of at least 10% are being seen in Central and Eastern Europe, the Center for Europea…

Filip De Mott   


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1 min read

Russia stands to lose $6.5 billion a year if Ukraine doesn't renew a gas pipeline deal at the end of the year, report says

Ukraine also stands to lose around $800 million a year if it doesn't renew a gas pipeline deal with…

Jennifer Sor   


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3 mins read

ONGC, Reliance-BP bid for oil, gas blocks, foreign giants continue to stay away

Thirteen bids were made by five companies including ONGC, Vedanta, Oil India, Sun Petrochemicals, a…

PTI   


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Russia's biggest energy company says it'll take it at least 10 years to recover gas sales lost because of the Ukraine war

The gas giant's export volumes won't return to pre-war levels until at least 2035, a firm-commissio…

Filip De Mott   


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The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds

The UAE closed more than a dozen deals to expand its oil and gas footprint at home and overseas, an…

Catherine Boudreau   


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1 min read

Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions

Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…

Yuheng Zhan   


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1 min read

Indian refineries are completely refusing oil from a key Russian shipping giant

Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …

Filip De Mott   


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3 mins read

Saudi Arabia and other oil heads keep refuting the science behind phase-out of fossil fuels at COP28; Are they right?

Fossil fuels have been considered the primary culprit behind the planet-warming climate crisis, but…

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3 mins read

Trump sought $1 billion from oil execs for his 2024 campaign in a deal worth $110 billion to energy giants, reports say

Trump is alleged to have sought $1 billion from oil execs for his 2024 campaign in a deal worth $11…

Rebecca Rommen   


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2 mins read

It will take years for the oil and gas market to recover from the 'mother of all shocks,' Harvard economist says

"When there is an energy shock, it can take a huge price change to clear the market," the Harvard e…

Jennifer Sor   


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1 min read

BP stock jumps as the energy giant slows its ambitious pivot to renewables and vows more spending on oil and gas

Shares of BP climbed Tuesday after the company noted a shift from previous renewable energy spendin…

Brian Evans   


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1 min read

Germany says energy giant can use a Russian account to buy gas without breaching EU sanctions

"For us, the account number doesn't matter, or the question of whether one or two accounts are open…

Phil Rosen   


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2 mins read

Scientists discover giant gaseous planet almost three times larger than Jupiter

By going through data from TESS, Jacobs helped spot the gaseous planet now identified as TOI-2…

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1 min read

Russian and Iranian energy giants reach $40 billion deal to develop oil and gas projects as Putin visits Tehran

The agreement comes on the same day Russian President Vladimir Putin visits Tehran to meet with Ira…

Brian Evans   


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1 min read

Ex-Gazprom official says decades of the Russian gas giant's work has been 'flushed down the toilet', with export revenues expected to halve this year

Russia's natural-gas exports have been undermined by the impact of the Ukraine war, and Gazprom's r…

Ryan Hogg   


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Warren Buffett's Berkshire Hathaway piles another $44 million into Occidental Petroleum, adding to its $9 billion stake in the energy giant

Buffett's company now holds 153.5 million of Occidental's common shares, $10 billion of its preferr…

Theron Mohamed   


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Warren Buffett's Berkshire Hathaway plows another $582 million into Occidental Petroleum, boosting its stake in the energy giant to nearly $10 billion

Buffett's company now owns 17.4% of Occidental, along with $10 billion of preferred shares, and war…

Theron Mohamed