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Croatia’s Krk Terminal Receives Another US LNG Cargo

Croatia’s Krk Terminal Receives Another US LNG Cargo

Τρι, 21 Μαρτίου 2023 - 20:03

Croatia’s FSRU-based Krk LNG import facility, operated by state-owned LNG Croatia, has received another cargo of liquefied natural gas from the US, according to shipping data

US Bank Failures to Keep Brent Oil Price in Mid to High 70s: Expert

US Bank Failures to Keep Brent Oil Price in Mid to High 70s: Expert

Τρι, 21 Μαρτίου 2023 - 20:01

The financial crisis, which was sparked by American bank failures exerted demand pressure on crude oil prices, causing an almost 10% decline last week, however, the negative effects of the recent financial crisis are predicted to have a 'short-term' effect on the oil markets, with Brent oil prices remaining between $75 and $80 per barrel

Shell Rules Out More Ambitious Goal for End-User Emissions

Shell Rules Out More Ambitious Goal for End-User Emissions

Πεμ, 16 Μαρτίου 2023 - 17:24

Shell has ruled out setting targets to cut emissions in absolute terms from customers' use of its products, the company's chair said in a report published on Thursday, saying it was against shareholder interests and would not be effective

PPC Buys Enel Group’s Operations in Romania

PPC Buys Enel Group’s Operations in Romania

Πεμ, 16 Μαρτίου 2023 - 17:20

Enel signed an agreement to sell its entire business in Romania to Public Power Corp. for EUR 1.26 billion. The Greek utility is also taking over EUR 300 million in debt while minority interests are valued at EUR 350 million

Bulgargaz Offers Cheaper Gas for April and May

"Bulgargaz" Offers Cheaper Gas for April and May

Τετ, 15 Μαρτίου 2023 - 18:36

"Bulgargaz" Ltd. submitted to the Energy and Water Regulation Commission (EWRC) an application for approval of the price for the month of April 2023. The price, in the amount of BGN 103.08/MWh (without prices for access, transmission, excise duty and VAT), was established in accordance with Art. 17 of Ordinance No. 2 of 19.03.2013 on the regulation of natural gas prices, the company reports

EU Plans Boost for Fixed-Price Electricity Contracts - Draft

EU Plans Boost for Fixed-Price Electricity Contracts - Draft

Τρι, 7 Μαρτίου 2023 - 17:56

The European Union is set to propose rules to support the expansion of contracts that pay generators a fixed price for their electricity, in a bid to shield consumers from volatile price swings in energy markets, a draft proposal showed

Occidental: Oil Explorer Stakes Big Claim on Carbon Capture

Occidental: Oil Explorer Stakes Big Claim on Carbon Capture

Τετ, 1 Μαρτίου 2023 - 18:33

Occidental Petroleum thinks it can make money from decarbonising. That is a far cry from the $55bn bet the oil explorer made on rival Anadarko in 2019. That transformed Oxy into one of America’s biggest oil producers. Oxy’s next big gambit is carbon capture. Its version of the technology is daring too — “direct air capture”. The idea is to suck carbon dioxide directly out of the air and bury it underground

Global Investment in Energy Transition Technologies Sees Record High Rise to $1.3 Trillion in 2022

Global Investment in Energy Transition Technologies Sees Record High Rise to $1.3 Trillion in 2022

Τετ, 22 Φεβρουαρίου 2023 - 14:09

Global investment in energy transition technologies last year—including energy efficiency—set a new record high with a 19% rise to $1.3 trillion from 2021 investment levels and 50% from before the pandemic in 2019, a joint report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI) revealed on Wednesday

LG, Ford, and Koc Holding Collaborate to Manufacture Battery Cells in Türkiye

LG, Ford, and Koc Holding Collaborate to Manufacture Battery Cells in Türkiye

Τετ, 22 Φεβρουαρίου 2023 - 14:04

LG Energy Solution, the American automobile manufacturer Ford, and Turkish industrial conglomerate Koc Holding signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities in Türkiye, the companies announced on Tuesday

Croatia to Build €100 Million Cross-Border Gas Pipeline to Bosnia

Croatia to Build €100 Million Cross-Border Gas Pipeline to Bosnia

Τρι, 21 Φεβρουαρίου 2023 - 19:40

Croatia will participate in a project to connect its natural gas network, and the LNG terminal on the northern Adriatic island of Krk to that of neighbouring Bosnia and Herzegovina, Croatian Economy Minister Davor Filipović announced on Monday