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Bulgaria Clears Way to Take Control of Lukoil Oil Refinery If Needed

Bulgaria Clears Way to Take Control of Lukoil Oil Refinery If Needed

Παρ, 13 Ιανουαρίου 2023 - 19:30

Bulgaria can take over operation of Russian company Lukoil's (LKOH.MM) Neftochim Burgas refinery for up to a year, lawmakers decided on Friday in a vote aimed at protecting critical infrastructure and ensuring fuel supplies for the Balkan country

Russia’s Lukoil Mulls Selling Assets in Romania, Moldova

Russia’s Lukoil Mulls Selling Assets in Romania, Moldova

Πεμ, 5 Ιανουαρίου 2023 - 19:26

Russian energy company Lukoil could sell its businesses in Romania and Moldova, which consist of gas station chains, a refinery in Ploiesti, Romania, a wind farm in Romania and oil depots in both countries, local media reported

Russia Sends More Arctic Oil to China, India After Sanctions

Russia Sends More Arctic Oil to China, India After Sanctions

Πεμ, 5 Ιανουαρίου 2023 - 19:24

Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show

Germany’s Green Energy Transition Enters Make-Or-Break Year

Germany’s Green Energy Transition Enters Make-Or-Break Year

Τετ, 4 Ιανουαρίου 2023 - 18:16

With new laws in place, land allocated and more generous subsidy schemes green-lit, 2023 will be decisive in determining whether Germany is on track towards meeting its ambitious 80% renewable electricity target in 2030

Go-live of ADEX - Slovenian and Serbian TSOs Along With EPEX SPOT Established the First Regional Power Exchange for Central and South-Eastern Europe

Go-live of ADEX - Slovenian and Serbian TSOs Along With EPEX SPOT Established the First Regional Power Exchange for Central and South-Eastern Europe

Τετ, 28 Δεκεμβρίου 2022 - 16:29

Alpine-Adriatic Danube Power Exchange - ADEX, the first regional power exchange for Central and South-Eastern Europe, was officially established on 23 December 2022 in Ljubljana via formal signature of its founding members ELES, EMS, and EPEX SPOT. ADEX was established in the way of corporate merging between BSP SouthPool and SEEPEX, with the company’s headquarters in Ljubljana and main permanent offices in Ljubljana and Belgrade. The newly founded ADEX will offer harmonized one-stop-shop spot power trading services in Slovenia and Serbia, with the ambition to extend business to other countries in the Central and South-Eastern European (CSEE) region

Natural Gas: New Cyprus Deposit

Natural Gas: New Cyprus Deposit

Τετ, 21 Δεκεμβρίου 2022 - 17:55

The official announcement about the field in Plot 6 of the Cyprus EEZ was made on the morning of December 21 by the Ministry of Energy of Cyprus, according to sigmalive. The “Zeus-1” drilling operations by the joint venture of Eni Cyprus Limited (Operator) and TotalEnergies EP Cyprus B.V. as indicated in the announcement, were successfully and safely completed

European Commission Clears Germanys Uniper Bailout

European Commission Clears Germany's Uniper Bailout

Τετ, 21 Δεκεμβρίου 2022 - 17:54

The European Commission said on Tuesday it had approved Germany’s 34.5 billion euro ($36.60 billion) plan to recapitalise German natural gas trader Uniper, subject to future state divestment, management pay and acquisitions

Eurohold Building Bulgaria’s Largest Solar Power Plant

Eurohold Building Bulgaria’s Largest Solar Power Plant

Τρι, 20 Δεκεμβρίου 2022 - 19:21

The Verila facility, under construction in hilly terrain south of Sofia, is set to increase solar power generation in Bulgaria by up to 12%. Works on the photovoltaic plant, developed by Eurohold, started in September