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Oil Prices Slide With US Crude Buildup Estimates

Τετ, 21 Οκτωβρίου 2020 - 19:01

Oil prices slipped on Wednesday with forecasts of a buildup in US crude inventories, stoking investor fears of a fall in demand in the world's largest oil-consuming nation

Albania, Greece Take Maritime Dispute to International Court

Τετ, 21 Οκτωβρίου 2020 - 18:58

Balkan neighbors Albania and Greece said Tuesday they have agreed to refer a dispute over their maritime borders in the Ionian Sea to the Netherlands-based International Court of Justice

50 Global Finance Corporations Quit Arctic Hydrocarbons

Τρι, 20 Οκτωβρίου 2020 - 18:45

Fifty globally significant financial institutions have set a trend for global capital exiting fossil fuel projects with their decisions taken since 2017 to introduce policies restricting oil sands or oil and gas drilling in the Arctic out of which 23 announced their decisions in the first half of this year, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA) on Tuesday

Algeria's Oil Firm Sonatrach May Post $10B Revenue Loss

Τρι, 20 Οκτωβρίου 2020 - 18:43

The oil and gas revenue of Algeria's state-owned oil and gas company Sonatrach is expected to fall by $10 billion in 2020, the country's energy minister said on Tuesday

EPS Plans to Extend Lifespan of TPP Kostolac A Until 2038

Παρ, 16 Οκτωβρίου 2020 - 19:17

Public power utility Elektroprivreda Srbije intends to extend the lifespan of thermal power plant Kostolac A by 15 years, until 2038, by installing flue-gas desulfurization equipment to reduce sulfur dioxide emissions below the EU limit

SHPGX to Launch International LNG Ship and Cargo Tender Service

Παρ, 16 Οκτωβρίου 2020 - 19:14

The Shanghai Petroleum and Natural Gas Exchange (SHPGX) will launch an international LNG ship and cargo tender service by the end of this month

Recovery of Global Oil Demand to Take At Least 3 Years

Πεμ, 15 Οκτωβρίου 2020 - 19:32

The world's oil demand is forecast to recover to pre-crisis levels by around 2023, according to International Energy Agency's (IEA) World Energy Outlook (WEO) 2020 report released this week

Turkey, Kazakhstan Ink Deal on Space Sector Cooperation

Πεμ, 15 Οκτωβρίου 2020 - 19:29

The Turkish Space Agency (TUA) signed a memorandum of understanding Wednesday with Kazakhstan's national space agency Kazcosmos on bilateral cooperation in the space sector

Israel, Lebanon to Hold 1st Round of Demarcation Talks

Τετ, 14 Οκτωβρίου 2020 - 14:40

Lebanon's president announced Tuesday that the first round of negotiations with Israel on border demarcation, to be held on Wednesday at the UN headquarters in the southern Naqoura city, will be "technical" and specific to maritime borders, according to a written statement by the presidency

Sept. Global Oil Supply Down As UAE Reduces Output: IEA

Τετ, 14 Οκτωβρίου 2020 - 14:39

Global oil supply declined by 600 thousand barrels per day (b/d) in September after the UAE reduced production and field maintenance cut output in the North Sea and Brazil, which more than offset a US rebound from August’s hurricane shut-ins, according to the International Energy Agency's (IEA) monthly oil report on Wednesday

European CEO Alliance Emphasizes Cross-Industry Collaboration to Fight Climate Change

Τετ, 14 Οκτωβρίου 2020 - 10:05

Francesco Starace, CEO of Enel and CEOs from 11 other European companies joined forces for a zero-carbon future and a more resilient Europe. The European Union is committed to net zero emissions by 2050, which is in line with the CEO Alliance companies’ own decarbonization strategies.