Επιλεγμένες Ειδήσεις από New Europe

EU’s Vestager Blocks Thyssenkrupp, Tata Steel Merger

EU’s Vestager Blocks Thyssenkrupp, Tata Steel Merger

The European Union’s powerful antitrust authority blocked the merger of German industrial conglomerate Thyssenkrupp with steel giant Tata in order to “avoid serious harm to European industrial customers and consumers” the European Commissioner for competition, Margrethe Vestager, said, while adding that the Commission was forced to block the merger as the two companies never withdrew their request despite both sides having abandoned the deal.

An Economy of Trust

An Economy of Trust

We live in a different world – a global world of complexity, uncertainty, stronger competition, and high standards of quality and innovation. The economy is confronted with new challenges and an economy of trust is the right answer to the different questions that society defines.

Kazakhstan Eyes Gas Exports to China as Trans-Caspian-Pipeline Faces Obstacles

Kazakhstan Eyes Gas Exports to China as Trans-Caspian-Pipeline Faces Obstacles

Although some significant legal obstructions have been removed after the Caspian Sea agreement was signed last year, it is close to impossible to see how the economics of exporting Turkmen gas to Europe via a Trans-Caspian-Pipeline could work, energy experts told New Europe, adding that this would also apply to Kazakhstan, and indeed Nur-Sultan is focusing on two other export markets, Russia and China.

Cyprus Reworks Aphrodite Gas Deal with US, Dutch, Israeli Partners

Cyprus Reworks Aphrodite Gas Deal with US, Dutch, Israeli Partners

Cyprus’ Energy Minister Giorgos Lakkotrypis said the government concluded an agreement with US-based Noble Energy, Royal Dutch Shell and Israel’s Delek on the distribution of revenues from natural gas exploitation from the Aphrodite field in the eastern Mediterranean and the transfer of natural gas by underwater pipeline to Egypt’s Idku liquefied natural gas (LNG) terminal.

Auditors Warn that EU Needs More Wind and Solar Power

Auditors Warn that EU Needs More Wind and Solar Power

According to a new report by the European Court of Auditors, the EU needs to take significant action to generate more electricity from wind and solar power and meet its targets on renewables.

Tokayev: Kazakh Companies Will Get Access to Oil and Gas Tenders

Tokayev: Kazakh Companies Will Get Access to Oil and Gas Tenders

Kazakhstan’s President Kasym-Zhomart Tokayev instructed the government to ensure access for Kazakh companies to oil and gas tenders. There are only tax benefits for foreign suppliers, Tokayev told a meeting with Kazakh citizens in the Atyrau region, located in the west of Kazakhstan.

Cañete Calls for Establishing Effective Carbon Markets

Cañete Calls for Establishing Effective Carbon Markets

International carbon markets and carbon pricing will play a major role in the fight against climate change and help advance ambitious climate action, Climate Action and Energy Commissioner Miguel Arias Cañete said, adding: “But we have to get them right.

Cyprus, Noble Energy Reach Deal to Expedite Aphrodite Development

Cyprus, Noble Energy Reach Deal to Expedite Aphrodite Development

Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and Royal Dutch Shell to develop the Aphrodite gas field, Cyprus media reported.

Shell Starts Production Gulf of Mexico’s Appomattox System

Shell Starts Production Gulf of Mexico’s Appomattox System

Royal Dutch Shell, through its subsidiary Shell Offshore has announced that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf of Mexico.

New €100 Million Fund to Support Clean Energy Investments

New €100 Million Fund to Support Clean Energy Investments

A new €100 million investment fund was established by the European Commission, the European Investment Bank and Breakthrough Energy Ventures during the Fourth Mission Innovation Ministerial meeting in Vancouver, Canada.

Saudi-Iran Spat Over Drone Attacks Fuel Oil Prices

Saudi-Iran Spat Over Drone Attacks Fuel Oil Prices

Increased tensions in the Middle East have fuelled oil prices this week. On 16 May, crude oil prices increased more than 1% as a Saudi-led coalition launched air strikes in retaliation for recent attacks on its crude infrastructure.