1. English Edition

English Edition

Serbias NIS Turns to H1 Net Loss of 8.9 Bln Dinars (76 Mln Euro)

Serbia's NIS Turns to H1 Net Loss of 8.9 Bln Dinars (76 Mln Euro)

Πεμ, 30 Ιουλίου 2020 - 18:43

Serbian oil and gas group NIS [BEL:NIIS] turned to a net loss of 8.97 billion dinars ($90 million/76 million euro) in the first half of 2020 from a 3.89 billion dinars net profit in the like period of last year, as a result of the coronavirus crisis, it said on Wednesday

European Investment Bank to Loan Turkey’s BOTAŞ $270M for TANAP

European Investment Bank to Loan Turkey’s BOTAŞ $270M for TANAP

Τετ, 29 Ιουλίου 2020 - 18:41

The European Investment Bank approved a $270 million (TL 1.87 billion) loan for Turkey's state-owned crude oil and natural gas pipelines and trading company, BOTAS, for the Trans Anatolian Natural Gas Pipeline (TANAP) project, according to ministry sources Tuesday

Croatias INA Turns to Cons Net Loss in H1

Croatia's INA Turns to Cons Net Loss in H1

Τρι, 28 Ιουλίου 2020 - 19:51

Croatian oil and gas company INA [ZSE:INA-R-A] said on Tuesday it turned to a consolidated net loss of 965 million kuna ($150.8 million/128.6 million euro) in the first half of 2020, from a profit of 188 million kuna in the same period last year

Renewables Outpace Nuclear and Coal in the US

Renewables Outpace Nuclear and Coal in the US

Τρι, 28 Ιουλίου 2020 - 19:47

This year has been a benchmark for renewables generation, with the latest edition of the U.S. Energy Information Administration’s Electric Power Monthly report showing clean power facilities produced more electricity through May 31 than coal and nuclear

Europe Warns Turkey Against Natural Gas Mission Near Greece

Europe Warns Turkey Against Natural Gas Mission Near Greece

Παρ, 24 Ιουλίου 2020 - 18:05

French President Emmanuel Macron has called for sanctions against Turkey for encroaching on EU member states' territorial waters. But Ankara has rejected such claims, saying Turkey is well within its right

PetroChina, Sinopec Transfer $56bn Assets to PipeChina

PetroChina, Sinopec Transfer $56bn Assets to PipeChina

Παρ, 24 Ιουλίου 2020 - 18:01

China's two biggest energy firms PetroChina and Sinopec have agreed to sell oil and gas infrastructure assets valued at 391.5bn yuan ($56bn) to China Oil and Gas Pipeline Network (PipeChina), paving the way for the new state-run pipeline company to start operations in the next few months

Russia Considers Emulating The World’s Largest Oil Hedge

Russia Considers Emulating The World’s Largest Oil Hedge

Πεμ, 23 Ιουλίου 2020 - 20:01

Russia is considering whether to adopt a kind of state oil hedging program, similar to Mexico’s oil hedge, to protect government revenues from oil price crashes in the future, Russian news agency Interfax reported on Wednesday, quoting sources familiar with the matter

Situation Unchanged in Broader Sea Area Off Kastelorizo

'Situation Unchanged' in Broader Sea Area Off Kastelorizo

Τετ, 22 Ιουλίου 2020 - 19:28

The Hellenic National Defense General Staff (HNDGS) said "the situation remains unchanged" in the maritime zone SE of Kastelorizo island, where the Turkish government has issued a Navtex for seismic research until August 2

Terna Energy Sells Mountain Air Wind Farm in US

Terna Energy Sells Mountain Air Wind Farm in US

Τετ, 22 Ιουλίου 2020 - 19:24

Greece’s Terna Energy has sold the 138 MW Mountain Air wind farm in Idaho in the United States to Innergex Renewable Energy Inc. for USD 215 million.According to the Greek energy company, the operating profit of the project amounted to USD 17.6 million in 2019

Rosatom Unit to Deliver Batteries to Bulgarias Technoimport

Rosatom Unit to Deliver Batteries to Bulgaria's Technoimport

Δευ, 20 Ιουλίου 2020 - 19:37

Russian nuclear energy corporation Rosatom said that its unit for production of energy storage systems, Cathode Materials, will deliver ion-lithium batteries to Bulgaria's Technoimport, part of Bulgarian manufacturer of forklifts and electric platforms Balkancar Record