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A World in Transformation: IEA’s World Energy Outlook 2017

Τρι, 14 Νοεμβρίου 2017 - 19:43

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation

Turkey's Petkim Sees 169% Profit Rise in 3Q17

Δευ, 13 Νοεμβρίου 2017 - 18:55

Petkim, Turkey's petrochemical raw material manufacturer experienced one of the best quarterly financial results of its history with a 169 percent rise in its net profit to 372 million Turkish liras in the third quarter of 2017, Petkim announced on Friday

OPEC Decreases Oil Output in October

Δευ, 13 Νοεμβρίου 2017 - 18:54

OPEC's crude oil production decreased by 151 thousand barrels per day (b/d) to 32.59 million b/d in October, according to the organization's report on Monday. In October, output in non-OPEC countries increased to 64.12 million barrels per day (mb/d), up by 680 thousand b/d from September levels

Šefčovič, Pyatt Say Greece Can Help Boost EU Energy Security

Δευ, 13 Νοεμβρίου 2017 - 18:53

Greece’s position as an energy hub that can help the European Union increase its energy security and diversification of supplies, reducing reliance on Russia were highlighted by Commission Vice President for Energy Union Maroš Šefčovič and US Ambassador to Athens Geoffrey Pyatt

Cyprus President Says Total, Eni To Start Drilling Block 6 by Early 2018 -Le Figaro

Πεμ, 9 Νοεμβρίου 2017 - 19:11

French oil and gas group Total and Italy’s Eni plan to start drilling in a joint exploration block off the coast of Cyprus by the end of this year or early 2018, President Nicos Anastasiades told French daily Le Figaro

Commission Takes Steps to Extend EU Gas Rules to Import Pipelines

Πεμ, 9 Νοεμβρίου 2017 - 19:10

The European Commission took steps on November 8 to extend European Union gas rules to import pipelines, a move that the EC says is not aimed at preventing the construction of any new gas pipelines such as Nord Stream-2

Bosnia Signs 60 Mln Euro Loan Deal With KfW for Hrgud Wind Farm

Τετ, 8 Νοεμβρίου 2017 - 19:08

Bosnia's finance minister Vjekoslav Bevanda signed on Wednesday a 60 million euro ($69.6 million) loan deal with German development bank KfW to finance the construction of the Hrgud 48 MW wind farm

Russia Opposes 'Total Embargo' on North Korea

Τετ, 8 Νοεμβρίου 2017 - 19:06

Moscow has never supported the idea of a "total embargo" on North Korea, the Russian Deputy Foreign Minister Sergei Ryabkov said Wednesday. "We have never supported the idea of a total embargo of North Korea, like any other country," Ryabkov was quoted as saying by the Russian news agency RIA Novosti

«Energy and Development 2017» Conference Attracts Wide Support by Industry

Τετ, 8 Νοεμβρίου 2017 - 19:06

Focusing on "Energy Markets in Transition”, this year’s IENE’s annual National "Energy and Development” Conference, will take place in Athens on November 23-24, 2017 and will be held, as usual, at the conference centre of the Eugenides Foundation. "Energy and Development 2017”, which is organized under the auspices of Greece’s Ministry of Environment and Energy, will seek to underline the major changes already taking place in the shaping of the energy mix at both national, regional and global level

Finland Produces 45% Electricity from Renewables in '16

Τρι, 7 Νοεμβρίου 2017 - 20:06

Finland's electricity production with renewable energy sources amounted 45 percent out of its total electricity production in 2016, Statistics Finland announced Tuesday. The authority said that total electricity production amounted to 66.2 terawatt-hours in 2016 - the same level as 2015

Turkish Aksa Opens Madagascar Power Plant

Τρι, 7 Νοεμβρίου 2017 - 20:05

Turkey's Aksa Energy officially opened its electricity generation plant in Madagascar on Tuesday. The company said that the first phase of the plant, which has 66 megawatts of installed capacity, started commercial activity on Sept. 5

Saudi Royals, Ministers Swept Up in Anti-Corruption Crackdown

Τρι, 7 Νοεμβρίου 2017 - 20:01

Saudi Arabian royals, ministers and businessmen are being targeted in what has been described as the kingdom’s biggest anti-corruption purge in its modern history. Dozens of top Saudis have been detained by police in a crackdown that the attorney general described as “phase one”. The list includes billionaire investor Prince Alwaleed bin Talal

Patchwork of Member State Energy Policies Challenges Competitive Decarbonization in Europe

Παρ, 3 Νοεμβρίου 2017 - 18:11

Decarbonization requires improved methods of energy production and consumption across four broad sectors-manufacturing, heating and cooling, transportation and power generation- each with varying potential depending on local conditions