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Greece Tackles Last of Wildfire Near Athens, Assesses Damage

Τετ, 14 Αυγούστου 2024 - 15:23

Firefighters battled on Wednesday to extinguish the remnants of a wildfire near Athens that killed a woman, torched buildings, devoured woodland and forced thousands of people to flee their homes

Global Petrochemical Firms Shape Up in Oversupply Crisis

Τετ, 14 Αυγούστου 2024 - 15:21

Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for three consecutive years, forcing firms to consolidate

EV Maker Lucid Receives Further $1.5bn in Saudi Funding Ahead of SUV Launch

Τρι, 13 Αυγούστου 2024 - 17:25

Lucid Motors has received another $1.5bn in funding from its largest shareholder, Saudi Arabia’s Public Investment Fund, giving the Californian electric vehicle start-up vital new cash to navigate a global slowdown in demand and launch a mass-market SUV

Croatia's Janaf Offers to Carry Oil to Hungary, Slovakia - PM

Τρι, 13 Αυγούστου 2024 - 17:23

Croatian oil pipeline operator JANAF [ZSE:JNAF] is ready to enable crude oil transportation to Hungary and Slovakia in the context of Ukraine's recent decision to ban the transit of oil produced by Russia's Lukoil to the two landlocked countries via its territory, Croatian prime minister Andrej Plenkovic said on Thursday

UK Nuclear Waste Site Failed to Heed Warnings Over Cyber Risks, Court Told

Παρ, 9 Αυγούστου 2024 - 19:45

The UK state-owned operator of Europe’s largest nuclear waste dump failed to tackle cyber security weaknesses despite repeated interventions from regulators, a court heard

Cheap Russian Gas Curtails EU Demand, Slowing Greece's LNG Capacity Growth: Experts

Παρ, 9 Αυγούστου 2024 - 19:32

Greece's plan to become a major liquefied natural gas (LNG) hub in Europe and expand its LNG capacity has been undermined by declining demand and low-priced Russian gas, according to experts

US Offshore Wind Opponents Seek to Form National Group to Fight Projects

Πεμ, 8 Αυγούστου 2024 - 18:29

U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations

Fortis Energy Gets Permits for 509 MW of Wind Projects in Serbia

Πεμ, 8 Αυγούστου 2024 - 17:39

Turkish renewable energy producer Fortis Energy said it has received preliminary permits for three wind parks in Serbia with a combined capacity of 509.4 MW

PPC Signs Agreement to Acquire Evryo Group's 629MW RES Romanian Portfolio

Τετ, 7 Αυγούστου 2024 - 19:54

PPC announces that it has entered into a binding agreement with Evryo Group, owned by funds managed by Macquarie Asset Management, to acquire their renewable energy generation portfolio in Romania, which comprises 629MW RES in operation, and about 145MW in pipeline assets. The agreement has a total enterprise value of approximately €700 million with the overall valuation being in line with precedent transactions on the market, and the total consideration being subject to customary adjustments

US Energy Agency Revises Down Crude Oil Price Forecasts for 2024

Τετ, 7 Αυγούστου 2024 - 19:51

The US Energy Information Administration (EIA) revised down its forecast for crude oil prices. In its Short-Term Energy Outlook (STEO) released on Tuesday, the agency continues to expect crude oil prices will rise in the second half of 2024 despite recent fall in crude oil prices

Brussels Tells Hungary and Slovakia to Wean Themselves Off Russian Oil

Παρ, 2 Αυγούστου 2024 - 15:02

Brussels has told Hungary and Slovakia to wean themselves off Russian oil and seek alternative sources after they complained that Ukraine was blocking supplies from Russia

Türkiye, Turkmenistan Want to Trade 300 Bcm of Gas in Next 20 Years: Turkish Energy Minister

Παρ, 2 Αυγούστου 2024 - 14:52

Türkiye and Turkmenistan aim to have an annual gas trade volume of 15 billion cubic meters (bcm) in the next 20 years, amounting to 300 bcm, the Turkish Energy and Natural Resources Ministry said Wednesday

Molgas Launches Greece's First LNG station in Thessaloniki

Πεμ, 1 Αυγούστου 2024 - 16:02

Spanish gas company Molgas has inaugurated Greece's first LCNG station, offering LNG and compressed natural gas (CNG) for vehicles in Thessaloniki, the company announced on July 29 via a LinkedIn post

Shell Q2 Profit Slides to $6.3 Bln on Weaker Trading

Πεμ, 1 Αυγούστου 2024 - 15:58

Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts

BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s

Τετ, 31 Ιουλίου 2024 - 15:24

BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP's low carbon and gas division performed poorly in these results, sliding to a loss of $0.1bn

EU Corruption Probe Targets Chinese LNG Project in Cyprus

Τετ, 31 Ιουλίου 2024 - 14:51

The EU is seeking to claw back up to €100mn from the Cypriot government after a Chinese-led consortium abandoned a gas import terminal project that is now being investigated for corruption. In 2018 the Cypriot government awarded the €542mn contract for the construction of the Vasilikos liquefied natural gas terminal to a consortium comprising China Petroleum Pipeline (CPP), Hudong-Zhonghua Shipbuilding, Norway’s Wilhelmsen Ship Management and the UK’s Metron