English Edition

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

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

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

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

PM Hails Restoration of Democracy, Slams ‘Weakness’ of Hagia Sophia Conversion

Παρ, 24 Ιουλίου 2020 - 17:01

In a message to mark the restoration of democracy in Greece following a seven-year military dictatorship (1967-1974) Greek Prime Minister Kyriakos Mitsotakis said on Friday the country is “celebrating 46 years of undisrupted democracy

Bulgaria to Complete TurkStream Pipeline Extension Amid US Threats to Sanction Russian Energy Projects

Πεμ, 23 Ιουλίου 2020 - 20:07

The Bulgarian section of the TurkStream natural gas pipeline from Russia, known as Balkan Stream, is set to be completed by the end of the year, according to the Russian Foreign Ministry

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

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

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

Italian LNG Terminal Panigaglia Capacity to Increase by 2021

Τετ, 22 Ιουλίου 2020 - 19:17

The Italian LNG Panigaglia terminal will double in storage capacity by the end of 2021, Snam Rete Gas – who owns the terminal’s operator GNL Italia – said on Tuesday

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

Chevron Buyout of Noble Could Impact Cyprus Drilling Says Minister

Δευ, 20 Ιουλίου 2020 - 19:25

The energy ministry said on Monday the buyout of Noble Energy, the concession holder for Cyprus’ Aphrodite field, by Chevron, which was announced on Monday was a development that could affect the island’s drilling plans

German Floating PV Plant Works Better Than Expected

Δευ, 20 Ιουλίου 2020 - 19:00

Floating PV systems are still relatively new in Germany and the largest, a 750 kW facility, was installed a year ago by gas company Erdgas Südwest and gravel plant operator Armin Ossola on Lake Maiwald, in Renchen, southern Germany. A year on, the results have been better than predicted