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Romanias Oil Terminal Boosts Net Profit By 83% Y/Y in Q1

Romania's Oil Terminal Boosts Net Profit By 83% Y/Y in Q1

Τρι, 17 Μαΐου 2022 - 13:52

Romanian petroleum logistics company Oil Terminal said on Thursday its net profit surged by an annual 82.6% y/y in the first quarter of 2022, reaching 11.52 million lei ($2.4 million/ 2.32 million euro)

Saudi Arabia Plans to Boost Output By 1 Million Barrels Per Day: Energy Minister

Saudi Arabia Plans to Boost Output By 1 Million Barrels Per Day: Energy Minister

Τρι, 17 Μαΐου 2022 - 13:47

Saudi Arabia plans to increase oil production by over 1 million barrels per day (bpd) by the end of 2026 or the beginning of 2027, international media outlets cited the energy minister as saying on Monday. Speaking at an energy conference in Bahrain, Saudi Energy Minister Abdulaziz bin Salman said his country could maintain production at over 13 million bpd if the market needs more oil

EBRD Mulls 22.5 Mln Euro Loan to Kosovo for Solar Heating Project

EBRD Mulls 22.5 Mln Euro Loan to Kosovo for Solar Heating Project

Τρι, 10 Μαΐου 2022 - 19:49

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is considering provision of a sovereign loan of up to 22.5 million euro ($23.7 million) to Kosovo for the construction of a solar thermal plant

Solar Rooftops, Manufacturing to Get Boost Under Draft EU Plan

Solar Rooftops, Manufacturing to Get Boost Under Draft EU Plan

Τρι, 10 Μαΐου 2022 - 19:46

The European Commission hopes to jumpstart a large-scale rollout of solar energy and rebuild Europe's solar manufacturing industry, as part of its bid to wean countries off Russian fossil fuels, a draft document seen by Reuters showed

EUs Toughest Russia Sanctions Yet Snag on Worries Over Oil Ban

EU's Toughest Russia Sanctions Yet Snag on Worries Over Oil Ban

Τετ, 4 Μαΐου 2022 - 20:25

The European Union's executive on Wednesday proposed the toughest package of sanctions yet against Moscow for its war in Ukraine, but several countries worried about the impact of cutting off Russia oil imports stood in the way of agreement

World-First Electric-Powered Heavy Transport Completed

World-First Electric-Powered Heavy Transport Completed

Παρ, 29 Απριλίου 2022 - 12:25

Mammoet, a global market leader in engineered heavy lifting and transport, has achieved a world-first, undertaking the replacement of a production vessel at a chemical plant in the Netherlands using purely electric power

Russias Gazprom Stops Natgas Deliveries to Bulgaria

Russia's Gazprom Stops Natgas Deliveries to Bulgaria

Τετ, 27 Απριλίου 2022 - 12:35

The Bulgarian energy ministry said that Russia's Gazprom informed public gas supplier Bulgargaz that it will cease delivering natural gas to Bulgaria starting from Wednesday

Kremlin Says Gazprom Working on Implementing Roubles-for-Gas Scheme

Kremlin Says Gazprom Working on Implementing Roubles-for-Gas Scheme

Τρι, 26 Απριλίου 2022 - 16:28

The Kremlin on Tuesday said Gazprom was implementing the presidential decree on enforcing payment for gas supplies in roubles without providing further clarification, when asked about the European Commission's guidance on Russia's plan

Europe Proposes Ban on Russian Coal Imports

Europe Proposes Ban on Russian Coal Imports

Τετ, 6 Απριλίου 2022 - 22:51

Europe is planning to cut deeper into the Russian economy with a new round of sanctions that includes a ban on coal imports. It's also working on sanctions that could target Russian oil

Gas Prices Retreat With Supplies to Europe Unaffected By Russian Attack on Ukraine

Gas Prices Retreat With Supplies to Europe Unaffected By Russian Attack on Ukraine

Δευ, 14 Μαρτίου 2022 - 18:35

Natural gas prices in Europe fell 12% from Friday's closing price of €131 per megawatt-hour to €115 on Monday. Natural gas prices for April futures contracts on the TTF, the Netherlands-based virtual natural gas trading point, hit historical levels at €345 per megawatt-hour on March 7