Russian Minister passes Turkish Stream buck back to Brussels

Russia will only agree to build a European extension to its Turkish Stream pipeline once it…

Saipem slaps €759m lawsuit on Gazprom for South Stream cancellation

Italian contractor Saipem has filed a €759m claim against Gazprom for cancelling the contract for the construction…

Bulgaria to develop Khan Asparuh oil field in Black Sea

Bulgaria is to begin developing the Khan Asparuh oil field in its Black  Sea waters next…

Gazprom terminates Saipem Turkish Stream contract

Saipem,  Italy’s biggest oil-and-gas contractor, has  lost its $2.2bn contract to lay the Turkish Strean gas pipeline under…

New Kilo class submarine for Black Sea Fleet

The Black Sea Fleet is to take delivery of the new and improved Kilo class submarine designed and…

SOCAR Romanian expansion to cost €50m

SOCAR Romanian expansion: SOCAR is to invest  €50m in a Romanian expansion drive this year. This equals the…

Gazprom pushes ahead with South Stream Austrian spur

South Stream Austrian spur: Gazprom is to press ahead with its plan to build an Austrian spur…

Chinese to build Krasnodar industrial park

Krasnodar industrial park: The Hong Kong-based Chinese Merchant International Investment Group is to build an industrial park…

Gazprom eyes Crimean oil

Crimean oil: Energy giant Gazprom is considering making an offer for Chernomorneftegaz, its Crimean counterpart that may…

CMA CGM to service Black Sea ports

French shipping company CMA CGM is to roll out its liner service from Hamburg to call…