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Putin Agrees to Help Trump Broker Nuclear Talks With Iran

Τρι, 4 Μαρτίου 2025 - 15:27

Russia agreed to assist President Donald Trump’s administration in communicating with Iran on issues including the Islamic Republic’s nuclear program and its support for regional anti-US proxies, according to people familiar with the situation

Halliburton, Sekal Deliver World’s First Automated On-Bottom Drilling System for Equinor in the North Sea

Τρι, 4 Μαρτίου 2025 - 14:04

Halliburton and Sekal AS deployed the world’s first automated on-bottom drilling system with the integration of Halliburton’s LOGIX™ automation and remote operations, Sekal’s Drilltronics®, and the rig automation control system

IFC Investing 100 Mln Euro in Green Energy Projects in Bulgaria, Romania, Poland

Τρι, 4 Μαρτίου 2025 - 14:03

The International Finance Corporation (IFC) said it is investing up to 100 million euro ($104.1 million) in a senior unsecured bond issued by Kommunalkredit Austria, a specialised bank for infrastructure and energy financing, to support sustainable infrastructure projects in Bulgaria, Romania and Poland

ADNOC, OMV Agree to Merge Petchem Firms to Create $60 Billion Giant

Τρι, 4 Μαρτίου 2025 - 14:02

Abu Dhabi National Oil Company and Austria's OMV will merge their polyolefin businesses to create a $60 billion chemicals powerhouse, the companies said, as the Gulf state oil firm advances its aggressive growth strategy

TotalEnergies and Eni Sign on Dotted Line for Cyprus Gas Exports Through Egypt

Τρι, 4 Μαρτίου 2025 - 14:01

Two European energy giants, France’s TotalEnergies and Italy’s Eni, have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt

Italy's Government Adopts Plan for Return to Nuclear Power

Παρ, 28 Φεβρουαρίου 2025 - 19:44

Italy's government on Friday adopted a law paving the way for a return to nuclear energy almost 40 years after it was banned by referendum, in what Prime Minister Giorgia Meloni described as a step towards energy security and self-sufficiency

ADNOC Signs 15-Year LNG Supply Deal With Japan's Osaka Gas

Παρ, 28 Φεβρουαρίου 2025 - 19:41

Abu Dhabi National Oil Company said on Thursday it had signed a 15-year sales and purchase agreement to supply Japan's Osaka Gas with liquefied natural gas from its Ruwais project

HELLENiQ ENERGY: FY24 Adjusted EBITDA Exceeding €1bn, on Strong Operational Performance Across All Businesses

Πεμ, 27 Φεβρουαρίου 2025 - 19:55

HELLENiQ ENERGY Holdings S.A. ("Company") announced on February 27, 2025, its FY24 consolidated financial results, with Adjusted EBITDA amounting to €1,026m and Adjusted Net Income to €401m

Rising component prices and supply chain pressures are hindering the development of transmission grid infrastructure

Πεμ, 27 Φεβρουαρίου 2025 - 13:31

Global grid expansion is struggling to keep pace with surging demand for electricity as procurement lead times and costs for essential parts have nearly doubled since 2021. Efforts to expand and modernise electricity transmission grids around the world face mounting challenges as supply chain bottlenecks intensify, according to a new IEA report. Prices and procurement times

European Energy, Decarbonisation and Competitiveness

Πεμ, 27 Φεβρουαρίου 2025 - 13:09

This is based on FT’s International Energy Policy Forum held in Brussels on 5 February, that I attended, with strong participation from industry leaders, policymakers, and financial experts. It covered European energy, decarbonisation, balancing industrial competitiveness with net-zero goals, the geopolitical impact of the energy transition and its financing and economic potential. Much of the discussion also applies to Cyprus. The industrial sector is the backbone of the

Growth in Global Electricity Demand is Set to Accelerate in the Coming Years as Power-Hungry Sectors Expand

Τετ, 26 Φεβρουαρίου 2025 - 13:35

The world’s electricity consumption is forecast to rise at its fastest pace in recent years, growing at close to 4% annually through 2027 as power use climbs in a range of sectors across the economy, according to a new IEA report recently released. Electricity 2025, the latest edition of the IEA’s main market analysis of the sector, forecasts that the growth in global demand

European Gas Market Volatility Puts Continued Pressure on Competitiveness and Cost of Living

Τετ, 26 Φεβρουαρίου 2025 - 13:30

Natural gas markets in Europe have had a volatile start to 2025, with prices surging earlier this month to their highest level in two years, adding to the strains facing businesses, consumers and governments across the continent. The main European gas price benchmark, the TTF, currently stands around EUR 47/MWh (or USD 14.50/MBtu). This is far below the highs seen

Asian Buyers Demand Lower Prices for Qatar’s Long-Term LNG Deals

Τρι, 25 Φεβρουαρίου 2025 - 19:15

Major LNG buyers in Asia are seeking lower prices for Qatar’s new long-term supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg