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Global Oil Demand to Grow by 7% in 2021: WoodMac

Global Oil Demand to Grow by 7% in 2021: WoodMac

Πεμ, 28 Ιανουαρίου 2021 - 20:12

Global oil demand will increase by 6.3 million barrels per day (bpd), or 7%, in 2021 to average 96.7 million bpd following the unprecedented oil demand shock from the Covid-19 pandemic last year, consultancy Wood Mackenzie said on Thursday

Global Gas Demand Expected to Rise By 2.8% This Year

Global Gas Demand Expected to Rise By 2.8% This Year

Τετ, 27 Ιανουαρίου 2021 - 17:37

Global natural gas demand is forecast to increase by 2.8% this year after experiencing its largest drop on record by 2.5% in 2020 due to milder winter and COVID-19 lockdowns, according to a new report by the International Energy Agency (IEA) on Wednesday

Turkeys Oil Imports Down 3.8% in November 2020

Turkey's Oil Imports Down 3.8% in November 2020

Τρι, 26 Ιανουαρίου 2021 - 16:13

Turkey's total oil imports decreased by 3.8% to 3.57 million tonnes in November last year compared to the same month of 2019, according to data of Turkey's energy watchdog on Tuesday

All Hydro- and Thermal Power Plant in Bulgaria Activated to Compensate for Turned off Reactor of Kozloduy NPP

All Hydro- and Thermal Power Plant in Bulgaria Activated to Compensate for Turned off Reactor of Kozloduy NPP

Παρ, 22 Ιανουαρίου 2021 - 20:01

The Bulgarian Electricity System Operator (ESO) has activated the replacement capacities of all thermal and hydro power plants in the country to compensate for the generation following the automatic shutdown of Unit 5 of the Kozloduy NPP at 1:16 am on 22 January 2021. The ESO ensures stable and uninterrupted functioning of the power generating system, the operator reported

Schlumberger Posts Net Loss in 2020

Schlumberger Posts Net Loss in 2020

Παρ, 22 Ιανουαρίου 2021 - 19:58

Schlumberger recorded a net loss of around $10.5 billion for the full year of 2020, slightly higher than the $10.1 billion loss in 2019, according to a financial results statement released by the company on Friday

Totals Exit from API Politically Motivated: Experts

Total's Exit from API Politically Motivated: Experts

Πεμ, 21 Ιανουαρίου 2021 - 17:41

Amid the fight among giant oil companies to maximize market share from current energy demand when global energy markets are evolving towards renewable energy, Total announced a surprising move to leave the US oil and gas industry association, the American Petroleum Institute (API), over differing climate positions

US Sanctions Nord Stream 2 Pipelaying Vessel Fortuna

US Sanctions Nord Stream 2 Pipelaying Vessel "Fortuna"

Τετ, 20 Ιανουαρίου 2021 - 15:49

The US imposed sanctions on the Russian pipelaying vessel "Fortuna" due to the ship's involvement in the construction of the Nord Stream 2 gas pipeline project to carry gas from Russia to Europe, according to the US Treasury Department on Tuesday

Romanias Nuclearelectrica Postpones Shutdown of Cernavoda NPP Unit 1

Romania's Nuclearelectrica Postpones Shutdown of Cernavoda NPP Unit 1

Δευ, 18 Ιανουαρίου 2021 - 17:41

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said that it has postponed the shutdown of one of the plant's two 700 MW units scheduled for January 15-16 in order to ensure continuous supply during a period with extremely cold weather in the country

Engie, Neoen Plan 1 GW Solar-Plus-Storage Project in France

Engie, Neoen Plan 1 GW Solar-Plus-Storage Project in France

Δευ, 18 Ιανουαρίου 2021 - 17:38

The two French companies have announced Horizeo, a massive project that includes a solar plant, battery storage, a green hydrogen production unit, a data center, and an agrivoltaic facility. The huge project is scheduled for completion in 2026

Bulgarian Civil Aviation Suffers Huge Losses Owing to Coronavirus Pandemic

Bulgarian Civil Aviation Suffers Huge Losses Owing to Coronavirus Pandemic

Παρ, 15 Ιανουαρίου 2021 - 18:58

The pandemic has an extremely negative impact on civil aviation. Passenger flows have plummetd not only to and from Bulgaria, this is a global problem, especially strongly felt on a European scale. Such a catastrophic situation has probably not happened since World War II