Draghi’s Exit Plan

Draghi’s Exit Plan

With few weeks to go before the end of his term, outgoing European Central Bank (ECB) President Mario Draghi left a lasting mark on monetary policy on Thursday. It is “whatever it takes” for “as long as it takes.”

Juncker Wants “European Way of Life” Portfolio Name to Be Changed

Juncker Wants “European Way of Life” Portfolio Name to Be Changed

Jean-Claude Juncker, the outgoing President of the European Commission, at his interview on Thursday morning at Euronews, weighed in the row over his past chief spokesperson’s new Vice-president portfolio “Protecting our European Way of Life” which President-elect Ursula von der Leyen suggested on Monday’s EU executive reveal.

Romania’s Petromidia Refinery Gets $1 Billion Investment from KazMunaygas

Romania’s Petromidia Refinery Gets $1 Billion Investment from KazMunaygas

Kazakhstan’s national oil and gas company KazMunaygas has invested approximately $1 billion into Romania’s Petromidia refinery, according to Zhannat Tussupbekov, the CEO KMG International, who announced the deal while in Navodari, home of the Petromidia plant.

EIB to Support Development of Renewable Energy in Brazil

EIB to Support Development of Renewable Energy in Brazil

The European Investment Bank will facilitate €150m to EDPR Brazil, the local subsidiary of EDP Renovaveis, a global leader in the renewable energy sector, to finance wind and solar power generation plants.

Johnson Loses Working Majority in Parliament

Johnson Loses Working Majority in Parliament

Opposition lawmakers in the UK applied for an emergency debate on Tuesday, launching a campaign to thwart a no-deal Brexit: it was granted and led to a vote that took away from prime minister Boris Johnson the power to set the agenda in parliament.

For Africa, Going Green Is Not a Luxury

For Africa, Going Green Is Not a Luxury

Earlier this year, Tropical Cyclone Idai tore through southern Africa, killing hundreds, injuring thousands, and displacing even more. In Mozambique, as much as half of all annual crops and critical infrastructure were destroyed. In total, over three million people in the region were affected. It was a stark reminder of Africa’s vulnerability to the intensifying consequences of climate change.

EU Says Ukrainian Pipeline Still Key Conduit for Russian Gas

EU Says Ukrainian Pipeline Still Key Conduit for Russian Gas

The European Union fully supports Ukraine as a stable and reliable transit route and will do its utmost to ensure that Ukraine remains an important transit route also after 2020, a EU energy spokeswoman told New Europe on 30 August.

Acquisition of Stavro Vind Wind Park By NAEV, Siemens and KEPCO Gets EU Nod

Acquisition of Stavro Vind Wind Park By NAEV, Siemens and KEPCO Gets EU Nod

The European Commission said the EC has approved the acquisition of Stavro Vind of Sweden by NAEV SOLVENTUS, controlled by NAEV Infrastructure Funds of Germany, Siemens, and Korea Midland Power Co. (KoMiPo), a subsidiary of Korea Electric Power Corporation (KEPCO), of South Korea. The acquisition complies with EU Merger Regulation, the Commission said

Siemens Gamesa to Install New Wind Turbines in India

Siemens Gamesa to Install New Wind Turbines in India

Siemens Gamesa Renewable Energy said the company has secured its first order in India with Alfanar for the supply of 206 units of the SG 2.2-122 wind turbines for two wind farms, totalling 453 MW. Both projects will be located in Bhuj, Gujarat, where Siemens Gamesa will supply 202 MW for one project and 251 MW for the other

Kashagan, Tengiz, Karachaganak Top Kazakh Oil Production

Kashagan, Tengiz, Karachaganak Top Kazakh Oil Production

The volume of oil production in Kazakhstan during the last seven months amounted to 52.23 million tonnes, meaning it has implemented the state’s plan by 101.2%, Kazakhstan’s Energy Minister Kanat Bozumbayev told the President Kassym-Zhomart Tokayev on 13 August.