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Photon Energy Connects Two New Solar Power Plants to the Romanian Grid

Τετ, 24 Μαΐου 2023 - 20:01

Amsterdam-based Photon Energy has finalized two solar (PV) power plants in Romania with a combined capacity of 9.5 MWp

Putin Says Energy Prices Approaching 'Economically Justified' Levels

Τετ, 24 Μαΐου 2023 - 19:59

Russian President Vladimir Putin said on Wednesday that energy prices were approaching “economically justified” levels, and that Russia was continuing to meet its commitments on energy supplies

CWP Global to Build 450 MW Wind Farm in Serbia

Τετ, 17 Μαΐου 2023 - 19:43

Renewable energy developer Continental Wind Partners (CWP) Global plans to build a 450 MW wind farm in Serbia’s northern municipalities of Srbobran and Becej, the local authorities said

Shell to Use New AI Technology in Deep Sea Oil Exploration

Τετ, 17 Μαΐου 2023 - 19:42

Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday

Lower Oil Prices Push Saudi Oil Giant Aramco's First Quarter Profit Down 19%

Τρι, 9 Μαΐου 2023 - 14:10

Saudi oil giant Aramco's first quarter net profit dropped 19% from a year earlier to 119.54 billion riyals ($31.88 billion), it said on Tuesday, due to lower crude prices

Kosovo A Thermal Power Plant 140 MW Unit Resumes Production After One Year Halt

Τρι, 9 Μαΐου 2023 - 14:08

The 140 megawatt A-5 unit of Kosovo's largest thermal power plant, Kosovo-A, resumed operations after being idle for nearly a year, the Kosovo Energy Corporation (KEK) said

Croatia’s Rimac to Tap Stationary Energy Storage Systems Market

Πεμ, 4 Μαΐου 2023 - 20:00

Croatia’s Rimac Group said on Thursday that its fully-owned subsidiary Rimac Technology has a launched a new brand, Rimac Energy, leveraging its expertise in making electric vehicle technology to create stationary energy storage systems (ESS)

Shell Posts $10 Billion Profit as Trading Offset Lower Energy Prices

Πεμ, 4 Μαΐου 2023 - 16:11

Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices

North Sea Countries to Pledge Massive Ramp Up of Wind Energy - Draft

Παρ, 21 Απριλίου 2023 - 19:40

Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power

Romania, Bulgaria Highly Vulnerable to Decarbonisation Transition Risks - Fitch

Παρ, 21 Απριλίου 2023 - 19:37

Romania, Bulgaria and Poland have the highest decarbonisation transition risks in Central and Eastern Europe (CEE), an analysis by global rating agency Fitch Ratings shows

Albania to Issue Call for 300 MW Solar Power Auction by June

Πεμ, 20 Απριλίου 2023 - 19:47

In the first of the forthcoming three solar power auctions, Albania is offering power purchase agreements and contracts for difference for 300 MW in total capacity. The call is planned to be issued by June

China May Cut Oil Products Export Quotas in Second Batch for 2023

Πεμ, 20 Απριλίου 2023 - 19:43

China may cut quotas for refined oil products exports in a second batch for 2023 as domestic demand improves while the need to boost its economy through oil products abates, a Reuters survey showed

India and China Snap up Russian Oil in April Above 'Price Cap'

Τρι, 18 Απριλίου 2023 - 18:55

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations