English Edition

Fears of Prolonged Suez Canal Blockage Drive Oil Prices Higher

Παρ, 26 Μαρτίου 2021 - 17:56

Oil prices rose sharply on Friday on mounting concerns that it could take weeks to dislodge a giant container ship blocking the Suez Canal, possibly squeezing supplies of crude and refined products

Romania’s Nuclearelectrica Signs Deal for Local Uranium Processing Assets

Τετ, 24 Μαρτίου 2021 - 19:51

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said it has signed an agreement to acquire some assets within the uranium concentrate processing line at the Feldioara Branch owned by the National Uranium Company, CNU

Norway's Aker BP Buys UK Oil Stake in First Foreign Move

Τετ, 24 Μαρτίου 2021 - 19:47

Norwegian independent oil firm Aker BP has made its first foreign acquisition, it said on Wednesday, buying a 50% stake in a British North Sea licence from Italy’s Eni

Europe Energy Storage Deployment to Near Double in 2021

Τρι, 23 Μαρτίου 2021 - 18:48

The energy storage market in Europe this year is expected to almost double the annual storage deployments seen in 2020, reaching 3,000 megawatt-hours (MWh), the European Association for Storage of Energy (EASE) said in statement on Tuesday

Turkey’s Solar Power Generation Soars 50%: Energy Min.

Τρι, 23 Μαρτίου 2021 - 18:46

Turkey’s electricity generation from solar power plants soared by 50%, the country’s energy and natural resources minister said on Tuesday, citing data from February 2020

Saudi Aramco to Prioritise Energy Supply to China for 50 Years, Says CEO

Δευ, 22 Μαρτίου 2021 - 20:04

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday

TAP to Seek Binding Offers for Capacity Expansion in July

Δευ, 22 Μαρτίου 2021 - 20:02

The consortium implementing the Trans Adriatic Pipeline (TAP) gas transmission project said it will launch in July a tender seeking binding offers for the potential expansion of the pipeline's capacity

Oil Majors Accelerate Energy Transition Policies: Fitch

Παρ, 19 Μαρτίου 2021 - 17:01

Large oil and gas (O&G) companies are tightening emission targets and speeding up transformation plans, with European majors leading the way but US peers are catching up, Fitch Ratings said on Thursday

Paris Climate Deal Unfair to Turkey: OECD Envoy

Παρ, 19 Μαρτίου 2021 - 16:56

Turkey has long been treated unfairly under the Paris Climate Agreement, according to the country's permanent representative to the Organization for Economic Co-operation and Development (OECD)

TITAN Cement Group Further Accelerates its Sustainability Efforts With Ambitious ESG Targets for 2025 and Beyond

Πεμ, 18 Μαρτίου 2021 - 13:16

TITAN Cement Group, underscoring its enduring commitment to sustainability and value creation for all, released its Environmental, Social and Governance (ESG) targets for 2025 and beyond. The targets include an updated, more ambitious, CO2 reduction goal for 2030, aligned with the vision of the European Green Deal to achieve climate neutrality by 2050.

Srbijagas Signs Deal With Bosnia's Gas-Res for Gas Pipeline Construction

Τετ, 17 Μαρτίου 2021 - 19:29

Serbian state-owned natural gas monopoly Srbijagas said it has signed an agreement with Bosnian natural gas distributor Gas-Res for the construction of a 410 km long gas pipeline connecting the two countries

Italy Court Acquits Eni and Shell in Nigerian Corruption Case

Τετ, 17 Μαρτίου 2021 - 19:26

A Milan court on Wednesday acquitted energy companies Eni and Royal Dutch Shell along with a series of past and present managers including Eni Chief Executive Claudio Descalzi in the oil industry’s biggest corruption scandal

Companies Linked to Politicians Win Serbian Street-Light Contracts Again

Παρ, 12 Μαρτίου 2021 - 19:28

Companies linked to businesspeople who are close to government politicians in Serbia and Hungary again won lucrative contracts to modernise street lighting in Serbia last year, this time worth 56 million euros

Energy and Climate Leaders from US, China, EU, India and Other Key Economies to Boost Clean Energy Momentum at IEA-COP26 Net Zero Summit

Παρ, 12 Μαρτίου 2021 - 17:41

Top international energy and climate leaders from the world’s largest economies will take part in the IEA-COP26 Net Zero Summit on 31 March to accelerate the momentum behind clean energy and examine how countries can work together more effectively to reduce their greenhouse gas emissions to net zero in line with shared international goals

Shell CEO Takes Large Pay Cut After Bruising 2020

Πεμ, 11 Μαρτίου 2021 - 14:36

Royal Dutch Shell Chief Executive Ben van Beurden’s pay package dropped by 42% to $7 million in 2020, a year in which the coronavirus pandemic pushed the energy company to a historic dividend cut following a collapse in profits

OMV Petrom Signs Production Sharing Contract for Georgian Offshore Perimeter

Πεμ, 11 Μαρτίου 2021 - 14:33

Romanian oil and gas company OMV Petrom (SNP), part of the Austrian group OMV, signed the Production Sharing Contract (PSC) for the offshore Block II in the exclusive economic zone of the Georgian Black Sea with Georgia's State Agency of Oil and Gas