Statoil

Shareholders in the Trans Adriatic Pipeline designed to carry gas from Azerbaijan to Europe via Turkey and Greece, are working to double its capacity, a Greek daily reports.

Their move comes against the background of Russia's decision to botch the South Stream project announced last week, Kathimerini writes.

Norway said on Friday it is tightening its economic sanctions against Russia over the crisis in Ukraine to bring them in line with the latest round of EU restrictions.

 Energy Ministry aims high in attracting companies for the exploration of possible oil and gas reserves

By Chryssa Liaggou

A Swedish man died after he jumped from a helicopter above the North Sea while being taken to hospital in Norway, police said on Thursday.
      
The 37-year-old man, who fell from 600 metres (2,000 feet) on Wednesday morning, is believed to have committed suicide, according to sources close to the investigation.
     

France’s Total and Germany’s E.ON plan to withdraw from a pipeline scheme to bring Azerbaijan’s gas to Italy, an Azeri official said, as falling Italian demand puts energy projects there into doubt.

France's Total and Russia's Lukoil have agreed to jointly explore shale oil reserves in Siberia.

The deal between Total and Russia's No.2 oil producer was signed on the sidelines of the St Petersburg International Economic Forum, as the Moscow Times reports.