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BP Energy Outlook: Both Main Scenarios See 2025 Oil Peak, Rapid Renewables Growth

Τετ, 10 Ιουλίου 2024 - 19:56

BP, opens new tab expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 it published on Wednesday

Eni Makes Oil and Gas Discovery Off Mexico Coast

Τρι, 9 Ιουλίου 2024 - 18:57

Italian energy group Eni has made a significant oil and gas discovery in the Sureste Basin, about 63 kilometres off the coast of Mexico, it said on Monday

Bulgargaz Files 400 Mln Euro Arbitration Claim Against Gazprom

Τρι, 9 Ιουλίου 2024 - 18:55

Bulgaria's public gas supplier Bulgargaz said on Tuesday that it has launched arbitration proceedings against the export arm of Russian gas giant Gazprom at the International Court of Arbitration in Paris, seeking over 400 million euro ($433.4 million) in damages resulting from discontinued gas supplies in 2022

Greece Plans to End Subsidies for Battery Energy Storage Systems

Παρ, 5 Ιουλίου 2024 - 20:02

Due to the current curtailments of renewable electricity plants in Greece, batteries can operate in the market without subsidies, according to Minister of Environment and Energy Thodoros Skylakakis

EU Lays Out Its China EV Tariff Calculations

Παρ, 5 Ιουλίου 2024 - 19:51

The European Commission on Thursday published the findings of its nine-month investigation into China’s electric vehicle market, giving insight into how it calculated tariffs and the evidence it collected to support its highest profile trade case

Israeli-based Firm Bags Financing for 101 MW Solar Project in Romania

Τετ, 3 Ιουλίου 2024 - 17:11

Israeli energy developer Shikun and Binui Energy has secured a EUR 49 million loan from Raiffeisen Group for the Simleu Silvaniei project, a 101 MW photovoltaic facility in northwest Romania

Germany Blocks Planned Sale of VW's Gas Turbine Business to China, Sources Say

Τετ, 3 Ιουλίου 2024 - 16:51

Germany's cabinet blocked the planned sale of Volkswagen subsidiary MAN Energy Solutions' gas turbine division to a Chinese company on Wednesday, two government sources said

Alcazar Energy to Invest $500M in North Macedonia's Wind Farm Project

Πεμ, 27 Ιουνίου 2024 - 17:38

Renewable energy investor Alcazar Energy announced plans to invest $500 million in what it called 'the largest wind farm project in North Macedonia' with a capacity of up to 400-megawatts, on Tuesday

Norway To Consider Developing Nuclear Energy

Πεμ, 27 Ιουνίου 2024 - 17:34

Norway’s government appointed on Friday a committee tasked with considering whether the country should develop nuclear energy as an electricity source

Activists Say Bosnian Dam Threatens River Life and Rafters

Τετ, 26 Ιουνίου 2024 - 17:34

Environmental activist Lejla Kusturica stood on the banks of Bosnia and Herzegovina's Neretva river, wondering if it was the last time she would get to watch teams of raft racers battling through the rapids on its emerald-green waters

Subsidy Delays Hamper Spain's Green Hydrogen Industry, Iberdrola Says

Τετ, 26 Ιουνίου 2024 - 17:31

Spain has the right conditions to be a global leader in green hydrogen but the development of the industry is being hindered by the slow allocation of subsidies, Jorge Palomar, global hydrogen development director at Spanish renewable giant Iberdrola, said on Wednesday

Europe’s Solar Power Surge Hits Prices, Exposing Storage Needs

Παρ, 21 Ιουνίου 2024 - 19:17

Europe has clocked a record number of hours of negative power prices this year due to a mismatch between demand and supply as solar power generation soars, potentially helping to shift investment to much needed storage solutions

Energean Announces Strategic Sale of Egypt, Italy and Croatia Portfolio

Παρ, 21 Ιουνίου 2024 - 19:14

Energean has entered into a binding agreement for the sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners for an enterprise value ('EV') of up to $945 million, of which $820 million is firm. Completion is expected by year-end 2024, subject to customary regulatory and antitrust approvals