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EU Almost on Track to Reach 2030 Climate Goal

EU Almost on Track to Reach 2030 Climate Goal

Τετ, 28 Μαΐου 2025 - 17:09

The European Union is nearly on track to reach its main climate target for this decade, with countries' existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commission said on Wednesday

EU Watchdog Launches Inquiry Into Commissions Easing of Green Rules

EU Watchdog Launches Inquiry Into Commission's Easing of Green Rules

Δευ, 26 Μαΐου 2025 - 14:06

The EU's Ombudswoman said on Friday she had launched an inquiry into how the European Commission fashioned its recent proposals to simplify sustainability laws, following a complaint by campaigners accusing the EU executive of weakening the rules without first consulting the public

Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Παρ, 23 Μαΐου 2025 - 20:12

Top U.S. oil producer Exxon Mobil  and Hess  will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields

Bulgaria Launches EUs Largest Battery Storage System

Bulgaria Launches EU's Largest Battery Storage System

Παρ, 23 Μαΐου 2025 - 20:08

Bulgaria inaugurated a 124 MW/496.2 MWh battery energy storage system (BESS), the EU's largest, in the north-central city of Lovech, the municipal government said. The project represents an investment of 147 million levs ($85 million/75.2 million euro) by Sofia-based renewable energy company Advance Green Energy, state news agency BTA reported

Global LNG Exports Rise 3.1% in 1st Quarter on Soaring EU Demand

Global LNG Exports Rise 3.1% in 1st Quarter on Soaring EU Demand

Πεμ, 22 Μαΐου 2025 - 20:28

Global liquefied natural gas (LNG) exports increased by 3.1% year-on-year in the first quarter of 2025, reaching approximately 109.3 million tons, according to a report from the Organization of Arab Petroleum Exporting Countries (OAPEC)

Russias Gazprom Neft Q1 Net Profit Falls 42% y/y to $1.2 bln

Russia's Gazprom Neft Q1 Net Profit Falls 42% y/y to $1.2 bln

Τετ, 21 Μαΐου 2025 - 20:23

Gazprom Neft, the oil arm of Russian energy giant Gazprom, said on Wednesday its first-quarter net profit dropped 42% to 92.6 billion roubles ($1.2 billion), hurt by declining sales and foreign exchange-related losses

Turkey Announces Major Shale Oil Reserve Discovery

Turkey Announces Major Shale Oil Reserve Discovery

Τετ, 21 Μαΐου 2025 - 20:22

Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkey’s southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said