English Edition

BP Posts $20.3 Billion Loss in 2020

Τρι, 2 Φεβρουαρίου 2021 - 20:27

British energy giant BP reported a $20.3 billion loss in 2020, down from a $4 billion profit in 2019, driven by a challenging price environment and COVID-19 related demand impacts, according to its financial results statement released on Tuesday

Albania’s KESH to Build 5.1 MW Solar Power Plant at Qyrsaqi Dam in Vau i Dejës

Τρι, 2 Φεβρουαρίου 2021 - 20:23

State-owned KESH intends to build a 5.1 MW solar power plant at one of the three dams at the reservoir of its Vau i Dejës hydropower plant. The company earlier revealed it would install a 12.9 MW floating photovoltaic unit at the same lake

Bulgartransgaz Completes Participation in Alexandroupolis LNG terminal

Πεμ, 28 Ιανουαρίου 2021 - 20:29

Bulgaria’s state gas firm Bulgartransgaz has completed its participation in the Alexandroupolis LNG terminal, Gastrade, behind the project, confirmed today (28th Jan)

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

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

Azerbaijan and Turkmenistan Agreement Advances Caspian Gas Cooperation

Τετ, 27 Ιανουαρίου 2021 - 17:35

Azerbaijan and Turkmenistan have signed a landmark agreement to jointly develop a long-disputed Caspian gas field, a move that could pave the way for the transit of Turkmenistan's massive gas reserves to Europe

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

Major U.S. Offshore Wind Project Asks Biden Administration to Restart Permitting

Τρι, 26 Ιανουαρίου 2021 - 16:09

Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump’s government abruptly canceled it last month

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

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

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

Turkey's Renewable Energy Investments Reach $7B in 2020

Πεμ, 21 Ιανουαρίου 2021 - 17:38

Turkey added the most renewable capacity in one year in 2020 at around 4,800 megawatts (MW) from investments totaling almost $7 billion

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

Serbia Plans to Complete Construction Of Gas Link With Bulgaria by 2023

Τετ, 20 Ιανουαρίου 2021 - 15:38

Serbia expects to complete the construction of the gas interconnection with Bulgaria by the beginning of 2023, Serbia's energy minister Zorana Mihajlovic said

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

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