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Bulgaria’s 300,000 Firms to Leave Regulated Power Market Amid Liberalization

EU May Suffer Oil Depletion by 2030: French Study

The European Union (EU) may suffer oil depletion by 2030 as the total volume produced by the EU’s current oil providers is likely to shrink by up to nearly 8%, according to a study by a French think tank, The Shift Project

Application for Hungary's New Nuclear Units Submitted

The implementation license application for the expansion of Hungary's sole nuclear power plant has been submitted on Tuesday to the country's atomic energy authority

Shell: Low Oil Prices to Lower Asset Value up to $22B

Royal Dutch Shell announced Tuesday that the current low oil price environment could lower the value of its assets by up to $22 billion in the second quarter of 2020

60% of Global Coal Plants to be Uncompetitive by 2022

The rapidly declining cost of renewable energy has ensured that renewables are cheaper than new coal plants and up to 2025 will raise the share of uncompetitive coal plants, a new report said Tuesday

Turkish Companies Sign Deal for Solar Power Plant in Italy

Turkish companies Naturel Enerji and KURTEKS Tekstil Enerji signed an agreement for the development and construction of a 50-megawatt solar power plant in Italy, Naturel energy said in a statement on Tuesday

Energean: Acquisition of Edison E&P, A Transformational Deal

Energean agreed with Edison to acquire Edison E&P. This is a  transformational deal for Energean providing immediate and material increases in cash flow and access to future growth opportunities, creating one of the largest E&P companies listed on the London Stock Exchange

EU Council Adopts Post-Pandemic Roadmap in Energy Sector

The Council of the European Union adopted resolutions in response to the post-pandemic recovery roadmap in the EU energy market, with a focus on cutting the usage of fossil fuels and the energy transition

Akkuyu Nuke Power Plant's 2nd Reactor Foundation Laid

The foundation for the second unit of Turkey's Akkuyu Nuclear Power Plant (NPP) has been laid, Turkey's Energy and Natural Resources Minister Fatih Donmez announced on Friday

5 Major Oil Firms Sued for Causing Climate Change

A US attorney general on Thursday filed a lawsuit against four major oil companies for systematically and intentionally misleading consumers about the role their products play in causing climate change

Increase in Prices of Fuel at Gas Stations in Bosnia and Herzegovina

Fuel prices at gas stations in Bosnia and Herzegovina have been rising again in the last few days, so that they are more than six to ten pfennigs per liter, and according to experts, it can be expected to maintain the growth trend in the coming period, Radio Sarajevo reports

Croatian Oil Firm INA Aims for $282 Million Biorefinery Investment

Croatia’s oil and gas firm INA said on Tuesday it aims to invest 250 million euros ($282.4 million) to build a biorefinery in the central town of Sisak to help reduce its carbon footprint

Iran Launches New Pipeline to Reroute Oil Exports

Iran launched three oil and petrochemical projects on Thursday, including the new 1000-kilometer-long Goreh-Jaskoil pipeline in the south of Iran, which will provide the country with an alternative route for crude oil exports that are currently transferred through the Strait of Hormuz