S.Arabia Concedes Defeat in its Price War Against Russia

S.Arabia Concedes Defeat in its Price War Against Russia

By calling for an urgent OPEC+ meeting to discuss oil price stabilization under pressure from President Donald Trump, Saudi Arabia has admitted defeat in its price war against Russia, Mamdouh Salameh, a visiting professor of Energy Economics at ESCP Europe Business School said

ITM Group from Serbia Plans to Build Small Hydropower Plants

ITM Group from Serbia Plans to Build Small Hydropower Plants

Serbian businessman Toplica Spasojević hinted ITM Group would upgrade the partnership with hydropower equipment maker Andritz Hydro and build units of 5 MW, 10 MW and 12 MW with its turbines. He claimed ambitious investment is in the pipeline and pointed to opportunities in the water and wastewater sector as well

Post COVID-19 World Needs to Focus on Low Carbon Growth

Post COVID-19 World Needs to Focus on Low Carbon Growth

Countries that are preparing to revive their economies hurt by the coronavirus (COVID-19) now have the opportunity to focus more on low carbon development investments, World Resources Institute (WRI) Turkey Sustainable Cities Director Gunes Cansiz told Anadolu Agency in a recent interview

TurkStream Transfers 1.32 Bcm of Gas to Europe in 1Q20

TurkStream Transfers 1.32 Bcm of Gas to Europe in 1Q20

Over 1.32 billion cubic meters (bcm) of Russian gas transferred to Europe from Turkey via TurkStream natural gas pipeline during the first quarter of 2020, according to industry sources on Friday

OPEC Debating Oil Output Cut of 10 Million Barrels a Day: Report

OPEC Debating Oil Output Cut of 10 Million Barrels a Day: Report

The world's top oil-exporting countries are debating cutting global supply by 10 million barrels per day, a source from the grouping told the Reuters news agency on Friday, adding that any further cuts must include producers from outside the alliance

“Energean Power” FPSO Hull Sailed Away from China

“Energean Power” FPSO Hull Sailed Away from China

Energean is pleased to announced that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020. The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore, where the topsides will be integrated, before the completed FPSO is towed to the Karish field in Israel for installation and hook-up.

Bulgaria Plans to Extend State of Emergency Until May 13

Bulgaria Plans to Extend State of Emergency Until May 13

Bulgaria’s government plans to extend the country’s state of national emergency for a further month to help stop the spread of the coronavirus, as its confirmed cases rose to 412

European Assoc. Demand Adding Green Deal in Recovery Plans

European Assoc. Demand Adding Green Deal in Recovery Plans

The European Geothermal Energy Council (EGEC) and 31 European associations representing renewables and energy efficiency value chains called EU' leaders for including the European Green deal into the COVID-19 recovery plans, EGEC said Tuesday

Thermal Power Plant Šoštanj Takes Active Role in Slovenia’s Energy Transition

Thermal Power Plant Šoštanj Takes Active Role in Slovenia’s Energy Transition

Slovenian lignite-fired thermal power plant Termoelektrarna Šoštanj (TEŠ) has been developing several projects aimed at achieving gradual energy transition thus contributing to carbon neutral society. They include the use of natural gas, the capture and utilization of CO2 (CCU), hydrogen production and the utilization of alternative fuels. In an interview with Balkan Green Energy News, Mitja Tašler, Chief Executive of TEŠ, a member of state-owned electricity producer Holding Slovenske Elektrarne (HSE Group), spoke about the projects but also advised countries in the region that are not members of the European Union on how to prepare for a possible introduction of a CO2 tax

Coronavirus Threat May Push Oil Below $20/bbl: Experts

Coronavirus Threat May Push Oil Below $20/bbl: Experts

As the spread of novel coronavirus (Covid-19) continues to keep global oil demand low, coupled with additional oil that will join the flood which is already sweeping the market in April, crude oil prices now face the risk of falling below $20 per barrel, according to experts

Turkey's Oil Imports up 12.7% in January 2020

Turkey's Oil Imports up 12.7% in January 2020

Turkey's total oil imports rose by 12.7% to 3.52 million tonnes in January 2020 compared to the same month of 2019, according to Turkish energy watchdog's data

Global Oil Demand Could Drop by 20% Due to Virus: IEA

Global Oil Demand Could Drop by 20% Due to Virus: IEA

The global oil demand which is 100 million barrels per day (bpd) could fall by 20 million bpd as 3 billion people in the world are locked down because of the spreading coronavirus (Covid-19), Fatih Birol, Executive Director of International Energy Agency (IEA) said late Thursday