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IGB Pipeline Capacity Expansion Announced

Πεμ, 8 Φεβρουαρίου 2024 - 14:11

Following a tender procedure under the Public Procurement Act, ICGB is awarding a Bulgarian company with the contract for detailed design scope for GMS2 Stara Zagora that would allow capacity expansion of the IGB pipeline. The transmission system operator aims at upgrading the Gas Metering Station in Stara Zagora to boost its technical capacity from 3 bcm/y to 5 bcm/y

TotalEnergies Begins Production from Oil and Gas Field Offshore Nigeria

Πεμ, 8 Φεβρουαρίου 2024 - 14:10

TotalEnergies and its partners announce the start of oil and gas production from the Akpo West field on the PML2 license in Nigeria

Croatian Unit of RP Global to Build 50 Mw Solar Power Plant

Τετ, 7 Φεβρουαρίου 2024 - 18:47

RP Global Projekti, the Croatian unit of Austrian developer and operator in the renewable energy sector RP Global, plans to build a 50 MW solar power plant in Ljutine, in southern Croatia, the economy ministry said

Ørsted Suspends Dividend, Cuts Jobs and Exits Offshore Wind Markets

Τετ, 7 Φεβρουαρίου 2024 - 18:42

The world’s largest offshore wind developer Ørsted is suspending its dividend, cutting jobs and exiting several markets as the group plots a recovery from a calamitous 12 months

Kosovo to Hold Auctions for 950 MW of Renewable Capacity in Two Years

Δευ, 5 Φεβρουαρίου 2024 - 20:31

Kosovo plans to hold auctions for 950 MW of renewable energy projects with a total investment value of around 1.2 billion euro ($1.3 billion) over the next two years, the energy ministry said

Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit

Δευ, 5 Φεβρουαρίου 2024 - 20:29

Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production

Israel Approves Energean’s Phase 1 of the Katlan Field Development Plan

Πεμ, 18 Ιανουαρίου 2024 - 16:34

Energean plc (LSE: ENOG TASE: אנאג) is pleased to provide an update on recent operations and the Group's trading performance in the 12-months to 31 December 2023 together with guidance for 2024. This information is unaudited and subject to further review. Energean will release its 2023 full year results on 21 March 2024

Serbia’s NIS Plans to Invest 510 Mln Euro in 2024

Παρ, 22 Δεκεμβρίου 2023 - 14:21

Serbian oil and gas group NIS [BEL:NIIS] said it intends to make capital investments of 59.7 billion dinars ($560.6 million/510 million euro) under its business plan for 2024 which it has adopted

US Vehicles Set Fuel Economy Record in 2022 as EV Sales Climb

Παρ, 22 Δεκεμβρίου 2023 - 14:18

U.S. new vehicles set a record high for fuel economy in 2022, with the biggest yearly improvement in nine years to an average of 26 miles per gallon (mpg) as electric vehicle sales jumped but the Detroit Three automakers continued to lag rivals

Eurelectric - Lights on EU Elections: Delivering Electrification for Climate and Energy Security

Πεμ, 14 Δεκεμβρίου 2023 - 13:14

The next five years will make or break the EU climate and energy agenda. Against a tapestry of rising geopolitical tensions, supply chain bottlenecks, worsening climate change and a cost-of-living crisis, the electricity industry’s Manifesto for 2024-2029 calls on incoming policymakers to deliver on the promises of the Green Deal by accelerating electrification, empowering consumers, and ensuring security of supply.

DPM Extends Life of Chelopech Mine in Bulgaria to 2032

Τετ, 29 Νοεμβρίου 2023 - 17:31

Canada-based Dundee Precious Metals (DPM) said on Wednesday that it has extended the life of its Chelopech mine in Bulgaria to 2032, based on updated mineral reserve estimates

Nigeria Reports 3,000-Barrel Spill From Total's Egina FPSO

Τετ, 29 Νοεμβρίου 2023 - 17:27

A TotalEnergies-operated FPSO off the coast of Nigeria has spilled more than 100,000 gallons of oil in a loading accident, according to Nigerian spill-response officials, and a cleanup and monitoring operation is ongoing

US Confident Arab States Will Not Weaponise Oil, Says Biden Adviser

Δευ, 20 Νοεμβρίου 2023 - 14:11

The White House’s chief energy adviser has said he is confident that Arab oil producers will not weaponise energy, despite mounting anger across the Middle East over Israel’s siege and bombardment of Gaza

Energean Announces Production Increase and Progress in the Prinos CO2 Storage Project

Πεμ, 16 Νοεμβρίου 2023 - 10:29

Energean plc is pleased to provide an update on recent operations and the Group's trading performance in the nine months to 30 September 2023. Mathios Rigas, Chief Executive Officer of Energean, commented: “I am sincerely grateful to all our employees, who have shown remarkable resilience, dedication and professionalism in the face of the challenging environment. Their unwavering commitment

Gazprom Market Value Dips Below That of Oil Subsidiary Gazprom Neft

Παρ, 10 Νοεμβρίου 2023 - 18:01

The market capitalisation of Gazprom, the world’s biggest natural gas company by output and reserves, has dipped below that of its oil unit Gazprom Neft amid high oil prices and after a dividend announcement by the subsidiary

Nuclearelectrica in 510 Mln Euro Deal With Candu Energy, CCC

Παρ, 10 Νοεμβρίου 2023 - 17:58

Romania's Nuclearelectrica [BSE:SNN] said that it signed a new contract worth CAD 750 million ($544.3 million/510.2 million euro) with Canada's Candu Energy and Canadian Commercial Corporation (CCC) for works to extend the life of Unit 1 of the Cernavoda nuclear power plant (NPP)