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Egypt Signs Long-Term Deal for Terminal to Extend LNG Imports

Δευ, 12 Μαΐου 2025 - 20:28

Egypt signed a 10-year deal with Höegh Evi Ltd. for a floating liquefied natural gas import terminal, signaling the North African nation’s long-term dependency on fuel imports

Markets Rise as US and China Agree to Slash Tariffs

Δευ, 12 Μαΐου 2025 - 20:24

Share markets jumped on Monday after President Trump said weekend talks had resulted in a "total reset" in trade terms between the US and China, a move which goes some way to defuse the high stakes stand-off between the two countries

Serbia’s Vucic to Discuss New Gas Deal With Putin in Moscow

Παρ, 9 Μαΐου 2025 - 15:14

Serbian President Aleksandar Vucic said on May 8 that he would discuss a new long-term gas supply agreement with Russian President Vladimir Putin during his visit to Moscow, Danas reports

EU Changes to Sustainability Law Risk Company Lawsuits, Legal Scholars Say

Παρ, 9 Μαΐου 2025 - 14:31

The European Union's plans to cut back sustainability reporting rules could expose European companies to more climate change-related lawsuits, 31 legal scholars said in a letter published on Friday

GETEC Picks Nordex Turbines for 49-MW Wind Project in Germany

Παρ, 9 Μαΐου 2025 - 14:22

German wind turbine maker Nordex SE (ETR:NDX1) has been tapped to supply the turbines needed for a 49-MW wind farm expansion project in Saxony-Anhalt developed by GETEC green energy GmbH

Slovakia and Hungary Reject EU Plan to Phase Out Russian Gas by End-2027

Τετ, 7 Μαΐου 2025 - 20:04

Slovakia and Hungary on Wednesday condemned European Commission plans to phase out Russian gas and other energy imports, deepening a rift with Brussels over relations with Moscow

Orsted Cancels Major UK Wind Project as Economics Worsen

Τετ, 7 Μαΐου 2025 - 19:58

Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to decarbonise its energy supplies

Croatian Firm ENNA Takes Over 87.5 MW Solar Project in Romania

Τρι, 6 Μαΐου 2025 - 20:40

Croatian energy company ENNA Solar, part of ENNA Group, has signed an agreement with Austria-based Kraftfeld Energy to acquire an 87.52 MW ready-to-build solar power plant project in Romania

EU Unveils Long-Promised Plan to Quit Russian Gas By End-2027

Τρι, 6 Μαΐου 2025 - 20:37

The European Commission on Tuesday has drafted a roadmap on how it plans to phase out Russian by 2027, aiming to end Europe's dependence on Russian fossil fuels. The two-step plan will terminate new contracts and existing short-term deals by 2025, with a complete ban by 2027. This move is part of the EU's effort to reduce Russia's leverage over energy supplies, following the invasion of Ukraine

US Will Revise Biden-Era Offshore Oil and Gas Bonding Rule

Δευ, 5 Μαΐου 2025 - 18:55

The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday

North Macedonia's Okta Net Profit up 42% y/y in Q1

Δευ, 5 Μαΐου 2025 - 18:51

North Macedonia's oil refinery Okta said its net profit reached 95.7 million denars ($1.8 million/1.6 million euro) in the first quarter of 2025, up 42% year-on-year

EU Set to Propose Banning Russian Gas Imports by End of 2027

Δευ, 5 Μαΐου 2025 - 18:30

The European Union is set to propose measures to ban Russian gas imports by the end of 2027, as the bloc pushes to sever ties with the country that was once its biggest energy supplier

US and Ukraine Sign Critical Minerals Deal After Months of Tense Negotiations

Παρ, 2 Μαΐου 2025 - 18:56

The United States and Ukraine have signed an “economic partnership agreement” that will give Washington access to Kyiv’s mineral resources in exchange for establishing an investment fund in Ukraine

Türkiye Eyes Role as Energy Trade Hub, Turkish Energy Minister

Παρ, 2 Μαΐου 2025 - 18:48

Türkiye aims to become an energy trade hub by leveraging its renewable resources, nuclear power plants, strong transmission and distribution infrastructure, and high interconnection capacity with neighboring countries, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday

US House Votes to Bar California 2035 Electric Vehicle Plan

Παρ, 2 Μαΐου 2025 - 18:41

The U.S House of Representatives voted Thursday to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states

Romanian Oil Company OMV Petrom Sees Profits Drop 24% in Q1 of 2025

Τετ, 30 Απριλίου 2025 - 19:45

Oil and energy producer OMV Petrom, one of the largest companies in Romania, saw its profits drop 24% compared to the same period last year, reaching RON 1.1 billion (EUR 220.9 million)