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Coronavirus Threat May Push Oil Below $20/bbl: Experts

Δευ, 30 Μαρτίου 2020 - 18:42

As the spread of novel coronavirus (Covid-19) continues to keep global oil demand low, coupled with additional oil that will join the flood which is already sweeping the market in April, crude oil prices now face the risk of falling below $20 per barrel, according to experts

Turkey's Oil Imports up 12.7% in January 2020

Παρ, 27 Μαρτίου 2020 - 15:56

Turkey's total oil imports rose by 12.7% to 3.52 million tonnes in January 2020 compared to the same month of 2019, according to Turkish energy watchdog's data

Global Oil Demand Could Drop by 20% Due to Virus: IEA

Παρ, 27 Μαρτίου 2020 - 15:53

The global oil demand which is 100 million barrels per day (bpd) could fall by 20 million bpd as 3 billion people in the world are locked down because of the spreading coronavirus (Covid-19), Fatih Birol, Executive Director of International Energy Agency (IEA) said late Thursday

Slovenia Exempts Households, Small Firms from Green Power Surcharge for Three Months

Πεμ, 26 Μαρτίου 2020 - 20:11

Slovenia temporarily freed small business customers and households from the obligation to pay for the support to producers of power from renewable sources and high-efficiency cogeneration. Additionally, the network charge has been significantly lowered, also as a response to the outbreak of COVID-19

Oil Down Despite US Senate Passes $2 Trillion Package

Πεμ, 26 Μαρτίου 2020 - 17:46

Crude oil prices were down to open Thursday on a lower note despite the U.S. Senate has passed a $2 trillion aid package to mitigate against the adverse economic impact of coronavirus, which continues to keep global oil demand low

Bulgaria to Extend Deadline of Tender for Building Belene NPP

Τρι, 24 Μαρτίου 2020 - 19:03

Bulgarian energy minister Temenuzhka Petkova said the deadline for submitting offers for becoming strategic investor in the project for construction of Belene nuclear power plant will likely be extended due to the coronavirus crisis

Shell to Cut Spending by $5 Billion in 2020

Τρι, 24 Μαρτίου 2020 - 18:56

Anglo-Dutch energy giant Royal Dutch Shell announced plans to slash spending by $5 billion in 2020 in a bid to weather the collapse in oil markets amid a global health crisis as coronavirus claimed 16,500 people around the world

S. Aramco Makes Preventive Plans to Sustain Supply: CEO

Δευ, 23 Μαρτίου 2020 - 19:45

Saudi Aramco has established emergency measures to sustain supply amid the increasing containment measures as the coronavirus spreads across the world, the country's state-run SPA news agency on Saturday quoted CEO Amin Nasser as saying

Business Romania’s Flag Carrier Tarom Seeks to Tap Into Freight Transport Segment

Δευ, 23 Μαρτίου 2020 - 19:39

Romanian state-owned airline Tarom seeks to compensate for the lack of revenues after most of the passenger flights have been canceled by entering the freight transport segment

SOCAR, Equinor Discover Oil in Karabagh Oil Field

Παρ, 20 Μαρτίου 2020 - 20:52

Azerbaijan's state oil company SOCAR and Norway’s Equinor announced a discovery on Thursday in the offshore Karabagh field located 120 kilometers east of Baku, in the Azerbaijan sector of the Caspian Sea

Romania's OMV Petrom Activates Business Continuity Plan to Ensure Supply Amid COVID-19 Crisis

Παρ, 20 Μαρτίου 2020 - 20:49

Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Friday it has activated its business continuity plan in order to ensure the security of supplies amid the global crisis generated by the new coronavirus

Texas Plans Huge Oil Output Cut for 1st Time Since 1972

Παρ, 20 Μαρτίου 2020 - 20:47

Texas state oil regulator is considering curbing crude production for the first time in half a century in an attempt to urge in a dramatic oil price slash and to set in motion a better economic and political climate, according to international media outlets

Record 6.1GW of New Offshore Wind Installed in 2019

Παρ, 20 Μαρτίου 2020 - 20:45

The global offshore wind industry installed a record 6.1 gigawatts (GW) of new capacity in 2019, bringing total capacity to 29 GW, according to the latest data released by the Global Wind Energy Council (GWEC) on Thursday

Oil Giant Total Enters Floating Offshore Wind Segment

Πεμ, 19 Μαρτίου 2020 - 19:34

French energy giant Total signed an agreement with renewable energy developer Simply Blue Energy to acquire an 80% stake in the Erebus floating offshore wind project in the Celtic Sea in Wales, the company announced on Thursday

CEZ Expects to Settle Sale of Romanian Assets in H2 2020

Πεμ, 19 Μαρτίου 2020 - 19:24

Czech energy group CEZ said on Tuesday that it expects to settle the deal for the sale of its assets in Romania in the second half of this year

Developing States to Lose up to 85% Oil, Gas Pay in '20

Τρι, 17 Μαρτίου 2020 - 17:16

If the current coronavirus-hit oil markets remain unchanged, the oil and gas income of vulnerable developing countries are expected to fall by up to 85% in 2020, according to a joint statement by the International Energy Agency (IEA) and the Organization of Petroleum Exporting Countries (OPEC)