Germany’s chancellor Olaf Scholz has announced that the certification process for the Nord Stream 2 gas pipeline from Russia has been halted, following the latest geopolitical developments in East Ukraine. “This may sound technical, but it is the necessary administrative step without which the pipeline cannot...
Gazprom (MCX:GAZP) has been ranked number one in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, beating ExxonMobil to claim the title of the world’s largest energy firm. The Russia-based company, which is the world’s largest producer of gas, topped the list which...
The world’s largest producer of gas Gazprom (MCX:GAZP) has reported a net income plunge of over 80% during the second quarter of 2017 despite increasing its sales to European gas markets. The Russian state-owned monopoly said its net income during Q2 was Rbs47.9 billion (US$817 million),...
A host of Gazprom’s (LSE:GAZP) Western partners, including Uniper, Wintershall, Shell, OMV and Engie, have agreed to provide half of the financing for the €9.5 billion Nord Stream 2 pipeline. At a signing ceremony in Paris, the assorted energy firms agreed to each front 10% of...
National Iranian Oil Company (NIOC) has announced it will allow bidding for oil and gas projects from 29 companies in over a dozen different countries. This announcement comes after the implementation of the new Iran Petroleum Contract (IPC) model, which has successfully garnered international foreign investment. The...