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BP Posts $4.7 Billion Profit in Q121

BP Posts $4.7 Billion Profit in Q121

British energy giant BP reported a profit of around $4.7 billion in the first quarter of the year, up from a loss of about $4.3 billion in the same quarter of 2020, according to its financial results statement released on Tuesday

Emirati Company to Buy Stake in Israeli Gas Field

Emirati Company to Buy Stake in Israeli Gas Field

Israeli company Delek Drilling signed a memorandum of understanding Monday for the sale of its stake in a natural gas field to Abu Dhabi’s Mubadala Petroleum

Serbia Starts Drafting National Energy and Climate Plan

Serbia Starts Drafting National Energy and Climate Plan

The Ministry of Mining and Energy has launched a project called the Further Capacity Development for Energy Planning, which will include the drafting of a national energy and climate plan (NECP) for the 2021-2030 period, with projections until 2050

No Μore Uncertainties  - Measuring Retrofit Performance Across Portfolios of Buildings

No Μore Uncertainties  - Measuring Retrofit Performance Across Portfolios of Buildings

Ground breaking tool measures energy savings across portfolios of buildings, which could be used to replace inaccurate ‘deemed’ estimates of energy savings, creating a foundation for energy companies to contract for energy savings instead of fossil fuels. A next generation energy efficiency meter named eensight has been created.

Energean Targets Two Years to Transformation

Energean Targets Two Years to Transformation

Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023

Asia to Drive LNG Demand With US Leading Supply Growth

Asia to Drive LNG Demand With US Leading Supply Growth

Global liquefied natural gas (LNG) demand growth is forecast to increase by 4% this year driven by the Asia Pacific region with the US set to supply the bulk of this demand, International Energy Agency (IEA) analysts told Anadolu Agency Tuesday

European Commission: Serbia, BiH Increase Coal Power Output in 2020

European Commission: Serbia, BiH Increase Coal Power Output in 2020

While power output from coal and lignite fell by 22% in the EU last year, Serbia boosted its production by 4% in the sector and Bosnia and Herzegovina increased it by 8%, the European Commission said. The number of hours with negative power prices in 11 zones in Europe almost doubled. The phenomenon occurred in Slovenia, Croatia and Greece, among other countries

Global Oil Demand to Increase 6% in 2021: OPEC

Global Oil Demand to Increase 6% in 2021: OPEC

Global oil demand is expected to increase by around 6% to an average of 96.5 million barrels per day (bpd) in 2021, the Organization of Petroleum Exporting Countries (OPEC) said in its Monthly Oil Market Report on Tuesday

Excelerate Energy Reaches Ship-To-Ship LNG Milestone

Excelerate Energy Reaches Ship-To-Ship LNG Milestone

Excelerate Energy L.P. (Excelerate) completed its 2000th commercial ship-to-ship (STS) transfer of LNG on 3 April 2021, at Excelerate’s Moheshkhali Floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate’s floating storage regasification unit (FSRU) Excellence and a conventional LNG carrier, 144,191 m3 of LNG were transferred using the double-banked LNG transfer system. To date, Excelerate has successfully transferred over 236 405 000 m3 of LNG using its STS protocol