1. English Edition

English Edition

Orsted Cancels Major UK Wind Project as Economics Worsen

Orsted Cancels Major UK Wind Project as Economics Worsen

Τετ, 7 Μαΐου 2025 - 19:58

Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to decarbonise its energy supplies

EU Unveils Long-Promised Plan to Quit Russian Gas By End-2027

EU Unveils Long-Promised Plan to Quit Russian Gas By End-2027

Τρι, 6 Μαΐου 2025 - 20:37

The European Commission on Tuesday has drafted a roadmap on how it plans to phase out Russian by 2027, aiming to end Europe's dependence on Russian fossil fuels. The two-step plan will terminate new contracts and existing short-term deals by 2025, with a complete ban by 2027. This move is part of the EU's effort to reduce Russia's leverage over energy supplies, following the invasion of Ukraine

US Will Revise Biden-Era Offshore Oil and Gas Bonding Rule

US Will Revise Biden-Era Offshore Oil and Gas Bonding Rule

Δευ, 5 Μαΐου 2025 - 18:55

The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday

North Macedonias Okta Net Profit up 42% y/y in Q1

North Macedonia's Okta Net Profit up 42% y/y in Q1

Δευ, 5 Μαΐου 2025 - 18:51

North Macedonia's oil refinery Okta said its net profit reached 95.7 million denars ($1.8 million/1.6 million euro) in the first quarter of 2025, up 42% year-on-year

Türkiye Eyes Role as Energy Trade Hub, Turkish Energy Minister

Türkiye Eyes Role as Energy Trade Hub, Turkish Energy Minister

Παρ, 2 Μαΐου 2025 - 18:48

Türkiye aims to become an energy trade hub by leveraging its renewable resources, nuclear power plants, strong transmission and distribution infrastructure, and high interconnection capacity with neighboring countries, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday

Volkswagen Reins in Margin Hopes as Tariffs Cloud Prospects

Volkswagen Reins in Margin Hopes as Tariffs Cloud Prospects

Τετ, 30 Απριλίου 2025 - 18:55

Volkswagen said on Wednesday that profit margins this year were likely to be towards the bottom of its guidance range and joined a chorus of automakers warning that U.S. trade policy was making it almost impossible to make financial predictions

North Macedonias Nomagas, Greeces DESFA Sign Energy MoU

North Macedonia's Nomagas, Greece's DESFA Sign Energy MoU

Τρι, 29 Απριλίου 2025 - 19:54

North Macedonia's state-owned natural gas transmission company Nomagas has signed a Memorandum of Understanding (MoU) with Greek peer DESFA to deepen their cooperation in the energy sector, further advance regional energy interconnection and strengthen security of supply, DESFA said on Tuesday

Poland, US Firms Sign Contract to Design Nuclear Power Plant

Poland, US Firms Sign Contract to Design Nuclear Power Plant

Τρι, 29 Απριλίου 2025 - 19:33

U.S. firms Westinghouse Electric and Bechtel signed a contract on Monday with Poland's state-owned Polskie Elektrownie Jadrowe (PEJ) to continue designing the country's first nuclear power plant, after an initial agreement expired at the end of March

What Caused Spain and Portugals Sweeping Power Outage?

What Caused Spain and Portugal's Sweeping Power Outage?

Τρι, 29 Απριλίου 2025 - 19:29

Power was restored in Spain and Portugal on Tuesday after lights, communications services and transport stopped working this week due to a sweeping blackout that sparked chaos for millions of people across the Iberian Peninsula. Authorities are still investigating what caused the unprecedented power outage