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Exxon Mobil to Launch Offshore Cyprus Gas Drilling in 2025

Τετ, 27 Νοεμβρίου 2024 - 20:20

Exxon Mobil Corp. will drill a well off Cyprus in January in pursuit of natural gas, a senior executive told Reuters on Thursday

Oil Holds Steady, Focus on Israel-Hezbollah Ceasefire, OPEC+ Meeting

Τετ, 27 Νοεμβρίου 2024 - 20:17

Oil prices held steady on Wednesday as markets evaluated a ceasefire deal between Israel and Hezbollah while also anticipating Sunday's OPEC+ meeting, where the group could delay a planned increase in oil output

EC Allows Romania to Pay Subsidies to Energy-Intensive Industrial Consumers

Δευ, 25 Νοεμβρίου 2024 - 19:53

The government of Romania obtained the European Commission's green light to implement a RON 2.9 billion grant scheme aimed at the energy-intensive industrial companies hit by the green policies of the European Union

Adani Green Slumps as Total Halts Investment Amid US Probe

Δευ, 25 Νοεμβρίου 2024 - 19:50

TotalEnergies SE said it won’t make any fresh investment in Indian conglomerate Adani Group until the consequences of US bribery indictments against founder Gautam Adani and other individuals have been clarified

COP29 Climate Summit Overruns as $250 Billion Draft Deal Flops

Παρ, 22 Νοεμβρίου 2024 - 20:37

Summit in Baku runs past scheduled close. Draft finance deal criticised by both developed and developing nations. Broader goal to raise $1.3 trillion annual climate finance by 2035

North Macedonia's ESM, SOCAR Sign Energy Cooperation MoU

Τετ, 20 Νοεμβρίου 2024 - 16:32

North Macedonia's ESM power utility and Azerbaijan's state energy company SOCAR on Thursday signed a memorandum of understanding aiming to strengthen energy stability in the Balkan country, ESM said on its website

China Finalises Stricter Investment Guidelines for Solar Manufacturing

Τετ, 20 Νοεμβρίου 2024 - 16:27

China's industry ministry on Wednesday finalised investment guidelines for solar photovoltaic (PV) manufacturing projects in an effort to rein in overcapacity, according to a notice on the ministry website

COP29 Talks Struggle in a Year of Climate Stress and Global Bickering

Παρ, 15 Νοεμβρίου 2024 - 18:10

This year's U.N. climate summit is struggling to focus minds on the health of the planet, with turbulent geopolitics, a confrontational host and the reelection of U.S. climate skeptic Donald Trump stealing the limelight

Reuters: Europe May Have Set Bar Too High on Climate, Says Cyprus’ President

Παρ, 15 Νοεμβρίου 2024 - 18:05

Europe may have set the bar too high on its climate goals without focusing enough on economic competitiveness, the president of Cyprus said on Friday, as reports Reuters, citing Mr. Nikos Christodoulides keynote speech at the 12th Cyprus Energy Symposium which took place on Friday, 15 November 2024, in Nicosia

COP29 Climate Talks Urged to Find $1 Trillion A Year for Poorer Countries

Πεμ, 14 Νοεμβρίου 2024 - 20:07

Countries at the COP29 summit tried to make progress on how to raise up to $1 trillion in climate finance for the world's most vulnerable, as political tensions overshadowed the talks and Argentina on Thursday pulled its delegation from Baku

HELLENiQ ENERGY Αnnounced Its 3Q24 Consolidated Financial Results - Adjusted EBITDA Amounting to €183m

Πεμ, 14 Νοεμβρίου 2024 - 20:02

Strong operational performance across all businesses, albeit on lower refining margins; 9M24 Adjusted EBITDA of €0.75bn, on increased domestic market sales and, mainly, improvement in the international business; €0.20 per share interim dividend

Albania, Azerbaijan Sign MoU on Municipal-Scale Gas Grid Project

Τετ, 13 Νοεμβρίου 2024 - 19:40

Albania’s infrastructure ministry said it has signed a memorandum of understanding (MoU) with Azerbaijan's state-owned gas company SOCAR for the construction of a natural gas distribution system in Albania’s southern city of Korca

Siemens Energy, RWE Warn of Trump Fallout in US Offshore Wind Sector

Τετ, 13 Νοεμβρίου 2024 - 19:38

Two of the world's biggest renewables players on Wednesday warned of challenges for the U.S. offshore wind sector under a presidency led by Donald Trump, flagging potential delays for the technology slammed by the president-elect

Turkish Energy Min. Highlights Importance of Cooperation for Renewable Energy Finance

Τρι, 12 Νοεμβρίου 2024 - 19:32

Türkiye needs to collaborate closely with international financial institutions to advance its renewable energy and energy efficiency goals, said Turkish Energy and Natural Resources Minister Alparslan Bayraktar addressing a COP29 ministerial session on Tuesday

OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts

Τρι, 12 Νοεμβρίου 2024 - 17:40

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group's fourth consecutive downward revision in the 2024 outlook

Tarom to Use Sustainable Aviation Fuel Supplied by OMV Petrom

Σαβ, 9 Νοεμβρίου 2024 - 17:00

OMV Petrom and airline company Tarom signed a contract for the supply of sustainable aviation fuel (SAF). It is the first contract for Romanian air transportation