The head of Serbia's state gas company, RTS, told the public broadcaster on Tuesday that Serbia will sign a deal for a three-year supply of gas with Russia. Dusan Bajatovic, Srbijagas, said that Serbia already has daily gas supplies of 2.5 millions cubic metres from Azerbaijan. It also receives 9.5 million cubic meters daily from Russia. Bajatovic said that Serbia has a single gas storage facility which holds 780 millions cubic metres of gas. If needed, an additional 200,000,000 cubic metres can be obtained from a storage in Hungary. Serbia is one of the few European countries that still buys...

The idea of closing oil and gas fields in Norway is unsettling. But the Green Party, a small party, is pushing for it as the global shift away from fossil fuels is looming. After the election on Monday, the Greens' seats more than doubled to seven. The ruling Labour Party needs their support to maintain a two seat majority. Arild Hermstad, leader of the Green Party, said: "We will prioritise the climate issue." "We need to make a transition away from fossil fuels and into the renewable energy sector." Norway lacks this today. The party wants to stop all exploration...

Guido Brusco, Eni's Chief operating officer, said on Wednesday that Azule Energy, a joint venture between Italian oil and natural gas explorer Eni, and BP, will invest an additional $5 billion in Angola within the next 4 to 5 years. This latest investment will equal the amount invested in oil and natural gas projects in Sub-Saharan Africa’s No. 2 oil producer since the joint venture was launched three years ago. Angola's regulatory system has been overhauled to attract new investment as it aims to maintain oil production at 1 million barrels per day. Brusco, speaking at an oil and natural...

Robert Fico, the Slovak prime minister, told Vladimir Putin that Russia wants to normalise relations with Slovakia and will increase imports of Russian natural gas via TurkStream. These comments were in direct conflict with the European Union's position, which seeks to reduce its dependence on Russian energy to punish Moscow for its invasion of Ukraine 2022. They also come at a crucial time in the efforts to end this conflict. Both Slovakia and Hungary, both EU member states, are led by populists who have maintained political ties with Russia which supplies most of their oil requirements. Fico told Putin during...

Russia's RIA reported that Gazprom, the Russian energy company, and China National Petroleum Corporation have signed an agreement to increase the annual gas supply to China through the Power of Siberia Pipeline as well as the Far Eastern Route. Reports last month indicated that China wanted to purchase more Russian gas via an existing pipeline, as the talks between two countries failed to progress. The agreements were signed by Russian President Vladimir Putin during his visit to China. He is scheduled to attend on Wednesday a military display on Tiananmen square to mark the official end of World War Two...

Gazprom reported that its net income fell almost 6% in the first six months of 2025, to 983.1 billion Russian roubles (12.2 billion dollars), due to the stronger rouble as well as lower oil prices. The revenue also fell to 4,99 trillion roubles. Gazprom suffered a loss in 2023 of about $7 billion, its first since the year 1999. This was due to a drop in sales in Europe. Russian oil has fallen from 30% to around 3% in the same time period. The European Union intends to completely phase out Russian energy in 2027. The company has been trying...

An adviser at the Power Ministry said that India is considering using gas-fired plants to only meet the surge in electricity demand during peak summer months, May and June, due to higher costs. Gas' share in India's electricity generation fell to 1.5% in 2020 from 3%, because prices reached $12 per million British Thermal Units and ranged from $8 to $18 in the last two year, which means that other forms of power generation are cheaper. About 75% of India’s electricity is generated by coal-fired power plants, which are more carbon-intensive. The country is trying hard to increase its use...

The Dutch and British wholesale prices of gas traded in a narrow band on Thursday morning as a slight decrease in temperatures, which boosted residential demand, was offset by higher renewable production. LSEG data shows that the benchmark Dutch front-month contract was up 0.65 euros to 32.42 Euro per megawatt hour or $11.08 per mmBtu at 0921 GMT. The British front-month price rose 1.32 pence to 80.33 pence/therm. However, the day-ahead price increased 0.10 pence to 80.30 pence/therm. According to Wayne Bryan, principal of gas research at LSEG, the fundamentals for the day are balanced with an increase in local...

Two industry sources confirmed on Friday that a Russian drone attack in Ukraine's southern Odesa Region damaged an oil depot owned SOCAR by the Azerbaijani state oil company. One source said that four people were injured in the attack. A source from the energy sector said that "multiple drones" struck the oil depot owned by the Azerbaijani SOCAR company this evening. The damage is hard to estimate at this time. "Several people were hurt." SOCAR has 60 fuel stations in Ukraine. In recent months, Russian forces have intensified their drone and missile strikes on Ukrainian cities far from the frontline....

EOG Resources, the U.S. energy company that closed its $5.6 billion Encino transaction on Thursday, beat its second-quarter profit forecast and increased its annual production projection. The company's 2025 production forecast was for an average of 1.224 million barrels equivalent per day (boepd) compared to its previous expectations of between 1.1 and 1.14 million boepd. In a press release, CEO Ezra Yacob stated that "the expansion of our portfolio by the Encino acquisition and our entry into Bahrain, the UAE and Trinidad as well as the strong exploration progress in our domestic portfolio, and Trinidad has significantly improved our industry-leading...

Malaysia's trade minister announced on Monday that the country will spend up to 150 billion dollars in the next five year to purchase equipment from U.S. multinationals to support its semiconductor, aerospace, and data center sectors. This is part of an agreement with Washington for tariff reductions. The United States announced that they would impose a tariff of 19% on Malaysia beginning August 8. This is lower than the 25% levied threatened last month. Petroliam Nasional Berhad is a state energy company Tengku Aziz, Minister of Trade and Industry, told the Parliament that Malaysia would invest $70 billion over five...

Exxon Mobil's second-quarter profit beat Wall Street estimates on Friday, as increased oil and gas production enabled the U.S. top oil producer to overcome lower crude oil prices. According to data compiled and analyzed by LSEG, adjusted earnings for the second quarter totaled $7.1 billion or $1.64 a share. This was higher than analyst consensus estimates of $1.56 a share. The oil producer reported that the production of oil and gas was at its highest level for any second-quarter since Exxon Mobil was formed in 1995 by the merger. Energy sector is struggling with volatility in prices as OPEC+ producers...

By David Sherfinski Trump dismissed climate change last month as a "con-job"; now, his Department of Energy is telling its staff not to use language that contradicts the president's views about climate science. The Trump administration has taken a series of steps to ban, limit or dismiss climate change-related issues and phrases across the federal government. Jean Su, director of the energy justice program at Center for Biological Diversity (an advocacy group), said: "This is a big move for blanket censorship in science and on climate." When we erase these words, then we are actually erasing reports. We are erasing...

The U.S. Food and Drug Administration announced new guidelines for the FDA. Import certification After radioactive contamination was detected, there are now restrictions on the importation of shrimp and spices from Indonesia. The agency announced on its website, Saturday morning, Indonesian Time, that the certification requirements for imports from certain areas of Indonesia will be implemented starting October 31, 2025. A third-party accredited auditor must verify that the firms listed on the Red List with Caesium137 contamination are in compliance. The firms will continue to be restricted and must provide the information listed under the yellow list. The FDA requires...

The European Commission announced on Friday that it would restrict the use in firefighting foams of substances known by the acronym PFAS or "forever chemical". This is a significant step in the EU's goal to reduce the use in consumer products of PFAS. The PFAS (per- and polyfluorinated substance) do not degrade in the environment and this raises concerns over the effects of their accumulation in drinking water, ecosystems and human bodies. The restriction is expected to be in place by the end this month, but there are transition periods that can range from a few weeks for certain industries...

Residents of Tierra Amarilla, a mining town in the Chilean Desert, are hoping that a recent court ruling will ease their fears over a huge sinkhole which opened up near their homes three years ago but remains unfilled. This month, a Chilean environmental court ordered Minera Ojos del Salado owned by Canada's Lundin Mining to repair environmental damages related to its Alcaparrosa Copper Mine, which it is believed to have caused the sinkhole to appear in 2022. The company is required to fill the sinkhole and protect the water supply in the area. The cylindrical crater was originally 64 meters...

Indonesian authorities announced on Tuesday that it is regularly updating the United States and the global nuclear watchdog about its investigation into the detection of radioactive elements in a shipment of shrimp. Indonesia is investigating the traces of Caesium-137 that were found in shrimps shipped by a local firm to the United States in August. The U.S. Food and Drug Administration reported that the same contaminant had been found last week in a shipment containing cloves. Zulkifli Hazan, Coordinating Minister for Food, told journalists that Indonesia is in contact with the International Atomic Energy Agency (IAEA) and U.S. authorities. According...

The U.S. Department of the Interior announced Monday that it will open up 13.1 million acres (53,013.8 square kilometers), of federal land to the public. The Trump administration is trying to reverse the decline in coal use. In April, President Donald Trump issued executive orders to increase coal production. This was one of many actions he took that ran counter to the global effort to reduce carbon emissions. According to the Energy Information Administration (EIA), coal-burning power plants will generate about 15% of U.S. electricty in 2024. This is down from 50% in 2000. Fracking and other drilling techniques have...

Interior Department officials said that the Trump administration is preparing to announce policies on Monday to increase coal production, in an effort to reverse the decline in the use of this fuel. In April, President Donald Trump signed executive orders that increased coal production. This was one of many actions he took to counter global efforts to reduce carbon emissions. According to the Energy Information Administration (EIA), coal-burning power plants will generate about 15% of U.S. electricty in 2024. This is down from 50% in 2000. Fracking and other drilling techniques have increased natural gas production. The growth of solar...

Hundreds of environmental groups and human rights organizations have urged COP30 - the global climate summit that will be held in Brazil, this November - to address the historical causes of the climate crises and to put reparations at the top of the agenda. The letter argues historical crimes such as slavery and colonialism created global inequalities of resource access. It also drove asymmetrical emissions and increased vulnerability to natural disasters. Signatories of the petition said that "climate justice is not possible without reparatory justice." Originally launched by organizations such as Brazil's Instituto Luiz Gama, and the Caribbean Pan African...

According to an analysis, commercial raw cat foods, especially those sold at room temperature on the shelves, can pose a significant health risk for cats and their families. Researchers reported in Communications Biology that the analysis found disease-causing bacteria, including some resistant to antibiotics. In a press release, Laura Goodman from Cornell University stated that "most of these products do not have warning labels that indicate that the meat ingredients in them are not fully boiled. This could mean that they harbor bacteria that is still alive and possibly viruses and parasites which would make a whole family sick." Researchers...

Tesla, a manufacturer of electric vehicles, urged the Trump Administration not to repeal the vehicle emission standards or the longstanding U.S. conclusion that greenhouse gas emissions are harmful to human health. Tesla stated in comments published on Thursday that the Environmental Protection Agency proposal to repeal standards would "give a pass to all engine and vehicle manufactures for measurement, control and reporting of GHG emission for any highway vehicle and engine." Earlier this year, a group of automakers including General Motors, Toyota, Volkswagen, and almost all others asked the EPA for a rollback on its aggressive vehicle emission limits, which...

Petrobras failed a part of the test required to get a drilling license in the Foz do Amazonas Basin, Brazil's Environmental Agency wrote in its report made public on Wednesday. The agency Ibama said that Petrobras had passed the broad test. However, the technical report required the firm to resubmit their animal-rescue plans, listing this as a step necessary for its bids to drill in an ecologically sensitive area. Ibama wrote that the plan "is not capable of ensuring adequate actions for animal care." Petrobras and Ibama didn't immediately respond to requests for comments. Petrobras had previously stated that it...

Barclays warned that company earnings could drop by up to 25% in five years as a result of nature degradation. This is due to rising input costs, operational disruptions caused by policy changes, and worsening conditions. Barclays Bank conducted an exploratory stress testing on a portfolio mining and power companies. According to the results, transitional risks such as higher water costs, stricter pollution control and the expansion protected areas along with droughts, flooding and increased water prices pose a greater risk for operations. Barclays analysed around 9,000 facilities for power generation from 40 European clients and 250 mines in operation...