Eriell Focuses on Uzbekistan and Russia, Eyes Gulf Region

Eriell Focuses on Uzbekistan and Russia, Eyes Gulf Region

Eriell, an international oilfield services group, presented on July 29 information on production indicators achieved in the first half of 2021 and upcoming projects. Despite the ongoing global economic challenges, Eriell said the group once again demonstrated its resilience and effectiveness having achieved new records on the most complex projects and carried out large-scale mobilizations.

The EU’s Climate Package is Sporty, but Isn’t Fit Enough

The EU’s Climate Package is Sporty, but Isn’t Fit Enough

“Fit for 2030” or “Fit for 55” – the European Commission’s new “Climate Target Plan 2030” has already had many names. What is much more important than the name is the content of the legislative package that has been presented, which aims to achieve a 55 percent reduction in climate-damaging emissions by 2030.

EU Climate Policy to Boost Energy Security

EU Climate Policy to Boost Energy Security

PRAGUE – The day before the EU Commission presented its ‘Fit for 55’ package proposals in Brussels, the Czech Republic’s Deputy Foreign Minister for European Affairs Ales Chmelar told New Europe on July 13 that the Czech Republic is looking to diversify its energy resources as the country strives to meet its climate goals.

Moscow Mayor Inspects Model of the Future Electric Passenger Ship

Moscow Mayor Inspects Model of the Future Electric Passenger Ship

On July 15, Moscow Mayor Sergei Sobyanin inspected the model of the future Moscow passenger electric ship – the first in the world that works all year round, even in winter. According to Moscow Transport, future river vessels will be 100% eco-friendly, without harmful emissions. Same as city electric buses – this is very important for the Moscow water area and the health of all residents. 

EU and Ukraine Ink MoU on Raw Materials and Batteries

EU and Ukraine Ink MoU on Raw Materials and Batteries

The European Union and Ukraine have signed a Memorandum of Understanding on a strategic partnership in the raw materials sector and batteries, European Commission Vice President for Inter-institutional Relations and Foresight Maros Sefcovic said on July 13.  

Uzbekistan Inks Project Deals with Masdar for 2 Solar Plants in Jizzakh and Samarkand

Uzbekistan Inks Project Deals with Masdar for 2 Solar Plants in Jizzakh and Samarkand

Uzbekistan’s Energy Ministry announced on July 12 it has now signed project agreements with Abu Dhabi Future Energy Company (Masdar) for the two 220 MW photovoltaic solar plants in the Jizzakh and Samarkand regions. “Uzbekistan has been working closely with the IFC to open up the country’s power sector to private investment 

Russia Unlikely to Interfere in Saudi-UAE Dispute to Raise Oil Output

Russia Unlikely to Interfere in Saudi-UAE Dispute to Raise Oil Output

“There is a very wise old saying that ‘it is a very foolish person that seeks to interfere in family disputes,’” Chris Weafer, co-founder of Macro-Advisory in Moscow told New Europe on July 9, asked Russia can mediate to help strike a deal between Saudi Arabia and the United Arab Emirates to raise output. Essentially this is a dispute between two Arab nations who are members of the Gulf Cooperation Council (GCC) and who share a lot of common interests, he added.

Hydrogen Requires a ‘Grand Design’ in the EU-African Partnership

Hydrogen Requires a ‘Grand Design’ in the EU-African Partnership

Green hydrogen may well be the power source of the future. If its use is still contested by detractors in some areas of transport, it would be objectively difficult to refute its potential for industry at large. The real question then is, and will be for some time, where do we get it from in quantities sufficient for current and future demands?

In the Presence of Sefcovic, EIT InnoEnergy and France Launch Battery Academy

In the Presence of Sefcovic, EIT InnoEnergy and France Launch Battery Academy

In the presence of European Commission’s Vice President for Interinstitutional Relations and Foresight Maros Sefcovic, InnoEnergy announced in Paris the signature of a Memorandum of Understanding with both French Ministries for Labour and Economy to launch the ‘EBA250 Academy’ in the frame

Starting from 2021, Moscow to Stop Buying Diesel Buses for Passenger Transport Fleet

Starting from 2021, Moscow to Stop Buying Diesel Buses for Passenger Transport Fleet

Starting from 2021, Moscow will stop buying diesel buses for passenger transport fleet, Moscow Transport said on July 1, adding that the Russian capital is a leader among European capitals in eco-friendly surface transport fleet. By the end of 2021 there will be 1000 electric buses on duty. “Starting this year, by the decision of the Mayor of Moscow, we will not buy diesel buses, except for transportation in a special mode.

EU Supports Green Energy Efficiency in Kosovo

EU Supports Green Energy Efficiency in Kosovo

More homeowners in Kosovo will be able to improve the energy efficiency of their households thanks to a new €2 million credit line extended by the European Bank for Reconstruction and Development (EBRD) to the Agency for Finance in Kosovo (AFK), the EBRD said on June 28.

China tensions, Iran Nuclear Talks Support Oil Price Hike

China tensions, Iran Nuclear Talks Support Oil Price Hike

Oil prices traded close to a three-year high on June 24, supported by geopolitical tensions, including China and Iran, falling US inventories and prospects for a strong economy. Brent traded a $74.74 a barrel while US crude traded at $72.58 a barrel on June 24. Both benchmarks had hit their highest since October 2018 on June 23 before paring back gains, according to Reuters.

Ex-Soviet Bloc States Urged to Adopt Modern Technology, Renewables

Ex-Soviet Bloc States Urged to Adopt Modern Technology, Renewables

BRATISLAVA – Countries in Central and Eastern Europe like Slovakia, which were part of the Soviet bloc, have an opportunity to leap into modern technologies and renewables and not get stuck in stranded investments into gas, a Slovak Member of the European Parliament, Martin Hojsik, told New Europe in an interview at the sidelines of the GLOBSEC forum on June 16.

EU Antitrust Chief Approves Greek Public Support for Alexandroupolis LNG terminal

EU Antitrust Chief Approves Greek Public Support for Alexandroupolis LNG terminal

A €166.7 million Greek support measure for the construction of a new liquid natural gas (LNG) terminal in Alexandroupolis, Greece complies with EU state aid rules, the bloc’s antitrust chief said, adding that the project will contribute to the security and diversification of energy supplies in Greece and, more generally, in the region of Southeast Europe, without unduly distorting competition.