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Oil Prices Up With Higher Oil Demand Expectations

Τρι, 26 Μαΐου 2020 - 17:12

Crude oil prices are trading with a slight high due to some countries's decision to easing of quarantine measures

Turkey's Daily Power Consumption Down 0.65% on May 25

Τρι, 26 Μαΐου 2020 - 17:05

Turkey's daily electricity consumption decreased by 0.65% to 459,671 megawatt-hours on Monday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Tuesday

First Quarter 2020 Results for Romania’s Energy Sector in Full Pandemic

Δευ, 25 Μαΐου 2020 - 18:35

In full pandemic, the companies in the energy sector in Romania present their financial results related to the first quarter of this year. As expected, expenses for products necessary to comply with protection measures against the new coronavirus have influenced these results, but the largest impact was seen by the oil industry, pulled down by the low demand and free-fall prices

Electricity Industry Calls Policy Makers for Green Recovery

Δευ, 25 Μαΐου 2020 - 18:29

Throughout the novel Coronavirus (COVID-19) crisis, the power sector is committed to help the recovery of European Union( EU) with ready energy projects that can boost the economy, deliver immediate jobs and produce long-term environmental benefits, Eurelectric, the organization representing electricity industry in European countries, said in a statement on Monday

TAP Introduces First Natural Gas into Albanian Section

Παρ, 22 Μαΐου 2020 - 19:00

On 20 May, the Trans Adriatic Pipeline (TAP) AG started to introduce the first natural gas into a 4 km section of the pipeline in Albania, between the Greek – Albanian border and up to the TAP metering station in Bilisht

Iran’s Oil Development in Defiance of US Sanctions

Παρ, 22 Μαΐου 2020 - 18:52

Iran’s oil minister said the country remains resolute in the development of its oil industry with the newly inaugurated phase of the South Pars gas field in the face of US sanctions, according to Iranian News Agency (IRNA)

Libyan Oil Uncertainty Grows as Crippling Civil War Drags on

Πεμ, 21 Μαΐου 2020 - 18:27

The revival of Libya’s oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to take over the last swaths of the country outside his control

EU Court Rebuffs Nord Stream Appeal Against P/line Law

Πεμ, 21 Μαΐου 2020 - 18:16

A European court on Wednesday rebuffed a complaint from companies building the Nord Stream 1 and 2 natural gas pipelines against an EU anti-trust law, calling it “inadmissible”

Bankers Petroleum Sues Former Director for Corruption

Τετ, 20 Μαΐου 2020 - 16:08

Bankers Petroleum, the largest oil producer in the Albania, has sued its former general director Leonidha Çobo for corruption, alleging that Çobo had taken bribes from companies Bankers traded with

EU's Oil Product Deliveries Reach Record Lows in March

Τετ, 20 Μαΐου 2020 - 16:01

EU deliveries of oil products have reached record lows due to restrictive measures to slow down the spread of COVID-19, according to the latest preliminary data released by the bloc's statistical authority

Bosnia's Serb Republic to Award 50-yr Concession to EFT for 36 Mln Euro PV Plant - Report

Τρι, 19 Μαΐου 2020 - 18:39

Bosnia's Serb Republic has decided to award a 50-year concession contract to UK-based EFT Group for construction of a 70 million marka ($39 million/36 million euro) photovoltaic (PV) plant , local media reported

A PV Antenna for Solar Power Beaming from Space to Earth

Τρι, 19 Μαΐου 2020 - 18:35

The idea of harvesting solar energy in outer space through special antennas and transferring it directly to Earth via microwave beams is not new, although it has been so far seen limited to research projects, due to the high cost of launching material into orbit

US Natural Gas Production Expected to Fall by 5% in 2020

Δευ, 18 Μαΐου 2020 - 20:06

The US' natural gas production is expected to decrease by 5% this year due to weakening economic outlook from the impact of the novel coronavirus (COVID-19), according to a statement by the country's Energy Information Administration (EIA)