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Romania's Hidroelectrica H1 Net Profit Falls 11% Y/Y

Πεμ, 20 Αυγούστου 2020 - 16:03

Romanian majority state-owned hydro power producer Hidroelectrica said on Thursday that its net profit fell by an annual 11% to 806 million lei ($197 million/167 million euro) in the first half of 2020

BP, Neste to Offer More Sustainable Aviation Fuel

Πεμ, 20 Αυγούστου 2020 - 15:58

British energy giant BP and Finnish energy company Neste signed an ‎agreement aimed at raising the amount of sustainable aviation fuel (SAF) supplied to airport customers five-fold for ‎‎2020 and 2021

OPEC+ Calls for Vigilance to Support Fragile Oil Market

Πεμ, 20 Αυγούστου 2020 - 15:55

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations on Thursday called for vigilance by all participating countries underscoring the fragility of the market and significant uncertainties, particularly associated with oil demand

Turkey's Daily Power Consumption up 1.8% on Aug. 19

Πεμ, 20 Αυγούστου 2020 - 15:52

Turkey's daily electricity consumption increased on Wednesday by 1.8% compared to the previous day to reach 937,995 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Thursday

US Supports Cyprus, Wants Closer East Med Gas Cooperation

Τρι, 18 Αυγούστου 2020 - 11:54

The US wants tighter cooperation on developing gas finds in the "strategically significant" eastern Mediterranean and supports Cyprus' right to exploit hydrocarbon deposits discovered in its waters, a senior US State Department official said Sunday

Iran Commends OPEC's Performance for Oil Market Balance

Τρι, 18 Αυγούστου 2020 - 11:51

Iran's oil minister lauded the Organization of Petroleum Exporting Countries (OPEC) for its performance in attempting to raise and stabilize oil prices on the global oil market, according to Iranian oil ministry's news outlet Shana

Offshore Wind Sector to Create Nearly 1M Jobs in 5 Years

Δευ, 17 Αυγούστου 2020 - 16:47

Around 900,000 jobs in offshore wind sector could be created over the next five years if nearly 51 gigawatts (GW) of new offshore wind capacity were installed worldwide by 2024, the Global Wind Energy Council (GWEC) said in recent report.

Romania's Romgaz Posts 18% Annual Drop in H1 Net Profit

Δευ, 17 Αυγούστου 2020 - 16:44

Romanian natural gas producer Romgaz [BSE:SNG] said on Friday that its first-half net profit fell 17.9% year-on-year to 800.8 million lei ($195 million/166 million euro)

Serbia's NIS Turns to H1 Net Loss of 8.9 Bln Dinars (76 Mln Euro)

Πεμ, 30 Ιουλίου 2020 - 18:43

Serbian oil and gas group NIS [BEL:NIIS] turned to a net loss of 8.97 billion dinars ($90 million/76 million euro) in the first half of 2020 from a 3.89 billion dinars net profit in the like period of last year, as a result of the coronavirus crisis, it said on Wednesday

Conocophillips Posts Worse Loss Than Feared on Oil Price Plunge, Shares Fall

Πεμ, 30 Ιουλίου 2020 - 18:08

ConocoPhillips reported a wider-than-expected loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel and crushed crude prices, sending shares of the world’s largest independent oil and gas producer down nearly 9%

Oil Prices Gain on Sharp U.S. Crude Inventory Drop

Τετ, 29 Ιουλίου 2020 - 18:47

Oil prices edged up on Wednesday after a steep drop in U.S. crude inventories, but another record day for COVID-19 cases worldwide kept gains in check

European Investment Bank to Loan Turkey’s BOTAŞ $270M for TANAP

Τετ, 29 Ιουλίου 2020 - 18:41

The European Investment Bank approved a $270 million (TL 1.87 billion) loan for Turkey's state-owned crude oil and natural gas pipelines and trading company, BOTAS, for the Trans Anatolian Natural Gas Pipeline (TANAP) project, according to ministry sources Tuesday

Croatia's INA Turns to Cons Net Loss in H1

Τρι, 28 Ιουλίου 2020 - 19:51

Croatian oil and gas company INA [ZSE:INA-R-A] said on Tuesday it turned to a consolidated net loss of 965 million kuna ($150.8 million/128.6 million euro) in the first half of 2020, from a profit of 188 million kuna in the same period last year

Renewables Outpace Nuclear and Coal in the US

Τρι, 28 Ιουλίου 2020 - 19:47

This year has been a benchmark for renewables generation, with the latest edition of the U.S. Energy Information Administration’s Electric Power Monthly report showing clean power facilities produced more electricity through May 31 than coal and nuclear

Europe Warns Turkey Against Natural Gas Mission Near Greece

Παρ, 24 Ιουλίου 2020 - 18:05

French President Emmanuel Macron has called for sanctions against Turkey for encroaching on EU member states' territorial waters. But Ankara has rejected such claims, saying Turkey is well within its right

PetroChina, Sinopec Transfer $56bn Assets to PipeChina

Παρ, 24 Ιουλίου 2020 - 18:01

China's two biggest energy firms PetroChina and Sinopec have agreed to sell oil and gas infrastructure assets valued at 391.5bn yuan ($56bn) to China Oil and Gas Pipeline Network (PipeChina), paving the way for the new state-run pipeline company to start operations in the next few months