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The Bulgarian State Gas Company is Under Investigation

Παρ, 21 Ιανουαρίου 2022 - 20:04

Bulgaria’s state-owned gas company, Bugargaz is under investigation for a series of potential abuses, according to new Prime Minister Kiril Petkov on Sunday

ExxonMobil, Sabic Start Operations at US Facility

Παρ, 21 Ιανουαρίου 2022 - 19:57

ExxonMobil and Sabic have announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas

Final Approval Given for South Fork Wind Project off U.S. Coast

Πεμ, 20 Ιανουαρίου 2022 - 20:27

Construction will soon begin on the second commercial-scale, offshore wind energy project to gain approval in the United States, the developers said

Moldovagaz Announces Paying off Gazprom Debt for Current Supplies

Πεμ, 20 Ιανουαρίου 2022 - 20:20

The gas distribution company Moldovagaz has paid its current debt to Gazprom after being warned of the possibility of its gas supply being cut off, the press service of the company said in a statement on Thursday

Eastmed Doubts Dent Cyprus Energy Plans

Τετ, 19 Ιανουαρίου 2022 - 17:56

Cyprus’ dreams of becoming an energy hub have taken a step backwards after Nicosia confirmed the construction of the EastMed gas pipeline is a longshot. In comments to state radio CyBC, newly appointed Foreign Minister Ioannis Kasoulides said that nothing was set in stone, while it remains to be confirmed whether the project is economically sustainable

IEA Oil Demand Forecast Up Due to Softer COVID-19 Restrictions

Τετ, 19 Ιανουαρίου 2022 - 17:53

The International Energy Agency (IEA) revised up its global oil demand estimates for 2022 by around 200,000 barrels per day (bpd) compared to last month's assessment due to softer COVID-19 restrictions

Albania's KESH Seeks to Lease TPP to Meet Electricity Needs

Δευ, 17 Ιανουαρίου 2022 - 17:27

Albania's state-owned power corporation KESH is inviting expressions of interest from international parties for leasing of a thermal power plant (TPP) in a bid to meet electricity needs at lower costs during the energy crisis, it said

Hydrogen to Cover 12% of Global Energy Use By 2050: IRENA

Δευ, 17 Ιανουαρίου 2022 - 17:05

Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, according to new analysis by the International Renewable Energy Agency (Irena)

Nigerian LNG Vessel Arrives in Turkiye

Παρ, 14 Ιανουαρίου 2022 - 18:33

LNG carrier, Arctic Lady, reached Turkiye on Thursday, January13, according to the latest ship tracking data

Surging Electricity Demand is Putting Power Systems Under Strain Around the World

Παρ, 14 Ιανουαρίου 2022 - 17:52

Global electricity demand surged in 2021, creating strains in major markets, pushing prices to unprecedented levels and driving the power sector’s emissions to a record high. Electricity is central to modern life and clean electricity is pivotal to energy transitions, but in the absence of faster structural change in the sector, rising demand over the next three years could result in additional market volatility and continued high emissions, according an IEA report released today

EPCG Intends to Construct Three Gas Power Plants in Montenegro

Τετ, 12 Ιανουαρίου 2022 - 14:04

Montenegro’s state-owned power utility Elektroprivreda Crne Gore (EPCG) has started preparations for the construction of three gas power plants with a total installed capacity of 400 megawatts (MW). Natural gas supplies could be secured from gas deposits in the Adriatic Sea

Exxonmobil Announces Two Discoveries Offshore Guyana

Τετ, 12 Ιανουαρίου 2022 - 14:01

ExxonMobil made two oil discoveries in the prolific Stabroek block offshore Guyana, increasing the already existing 10 billion oil-equivalent barrels of resources in the region, the company announced in a statement Wednesday

ElB Grants 90 Mln Euro Long-Term Loan to Romania's Electrica Group

Δευ, 10 Ιανουαρίου 2022 - 15:21

The European Investment Bank (EIB) said it has provided a 90 million euro ($101.8 million) long-term loan to Romanian power supplier and distributor Electrica Group [BSE:EL] to upgrade electricity distribution networks, deploy smart meters and accelerate renewable energy connection