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Saudi Arabia Cites Energy Transition for Oil Capacity U-turn

Saudi Arabia Cites Energy Transition for Oil Capacity U-turn

Saudi Arabia's U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market

Romania Invites Fresh Bids to Support Batteries for Renewables Integration

Romania Invites Fresh Bids to Support Batteries for Renewables Integration

Romania’s Ministry of Energy has reopened its call to support projects of battery storage for renewable energy integration, seeking at least 240MW and 480MWh of resources. The original call, which referred to at least 620MWh, was expected to see projects selected by the end of 2023, according to reports

IGB Pipeline Capacity Expansion Announced

IGB Pipeline Capacity Expansion Announced

Following a tender procedure under the Public Procurement Act, ICGB is awarding a Bulgarian company with the contract for detailed design scope for GMS2 Stara Zagora that would allow capacity expansion of the IGB pipeline. The transmission system operator aims at upgrading the Gas Metering Station in Stara Zagora to boost its technical capacity from 3 bcm/y to 5 bcm/y

Croatian Unit of RP Global to Build 50 Mw Solar Power Plant

Croatian Unit of RP Global to Build 50 Mw Solar Power Plant

RP Global Projekti, the Croatian unit of Austrian developer and operator in the renewable energy sector RP Global, plans to build a 50 MW solar power plant in Ljutine, in southern Croatia, the economy ministry said

Israel Approves Energean’s Phase 1 of the Katlan Field Development Plan

Israel Approves Energean’s Phase 1 of the Katlan Field Development Plan

Energean plc (LSE: ENOG TASE: אנאג) is pleased to provide an update on recent operations and the Group's trading performance in the 12-months to 31 December 2023 together with guidance for 2024. This information is unaudited and subject to further review. Energean will release its 2023 full year results on 21 March 2024

Serbia’s NIS Plans to Invest 510 Mln Euro in 2024

Serbia’s NIS Plans to Invest 510 Mln Euro in 2024

Serbian oil and gas group NIS [BEL:NIIS] said it intends to make capital investments of 59.7 billion dinars ($560.6 million/510 million euro) under its business plan for 2024 which it has adopted

US Vehicles Set Fuel Economy Record in 2022 as EV Sales Climb

US Vehicles Set Fuel Economy Record in 2022 as EV Sales Climb

U.S. new vehicles set a record high for fuel economy in 2022, with the biggest yearly improvement in nine years to an average of 26 miles per gallon (mpg) as electric vehicle sales jumped but the Detroit Three automakers continued to lag rivals

Eurelectric - Lights on EU Elections: Delivering Electrification for Climate and Energy Security

Eurelectric - Lights on EU Elections: Delivering Electrification for Climate and Energy Security

The next five years will make or break the EU climate and energy agenda. Against a tapestry of rising geopolitical tensions, supply chain bottlenecks, worsening climate change and a cost-of-living crisis, the electricity industry’s Manifesto for 2024-2029 calls on incoming policymakers to deliver on the promises of the Green Deal by accelerating electrification, empowering consumers, and ensuring security of supply.

DPM Extends Life of Chelopech Mine in Bulgaria to 2032

DPM Extends Life of Chelopech Mine in Bulgaria to 2032

Canada-based Dundee Precious Metals (DPM) said on Wednesday that it has extended the life of its Chelopech mine in Bulgaria to 2032, based on updated mineral reserve estimates

Nigeria Reports 3,000-Barrel Spill From Totals Egina FPSO

Nigeria Reports 3,000-Barrel Spill From Total's Egina FPSO

A TotalEnergies-operated FPSO off the coast of Nigeria has spilled more than 100,000 gallons of oil in a loading accident, according to Nigerian spill-response officials, and a cleanup and monitoring operation is ongoing

Energean Announces Production Increase and Progress in the Prinos CO2 Storage Project

Energean Announces Production Increase and Progress in the Prinos CO2 Storage Project

Energean plc is pleased to provide an update on recent operations and the Group's trading performance in the nine months to 30 September 2023. Mathios Rigas, Chief Executive Officer of Energean, commented: “I am sincerely grateful to all our employees, who have shown remarkable resilience, dedication and professionalism in the face of the challenging environment. Their unwavering commitment