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BP Begins New North Sea Oil Output in Sixth Startup This Year

Παρ, 10 Οκτωβρίου 2025 - 08:07

BP Plc began oil production at its Murlach project in the UK North Sea, the energy giant’s sixth startup this year as it returns to focusing on fossil fuels in hopes of reversing years of underperformance

US Sanctions Hit Serbia's Russian-Owned Oil Firm NIS

Παρ, 10 Οκτωβρίου 2025 - 08:03

The United States imposed sanctions on Serbia's Russian-owned oil company NIS on Thursday, prompting neighbouring Croatia to cut crude supplies and raising concerns that the country's sole refinery may halt operations within weeks

Iraq Signs Deal with Exxon to Help Develop Large Oilfield

Πεμ, 9 Οκτωβρίου 2025 - 09:49

Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major's return to the country two years after leaving

Turkey's Gas Shift Threatens Russia and Iran's Last Big European Market

Πεμ, 9 Οκτωβρίου 2025 - 09:46

Turkey could meet more than half of its gas needs by the end of 2028 by ramping up production and increasing U.S. imports, in a shift that threatens to shrink the last major European market for Russian and Iranian suppliers

Croatia's JANAF and MOL to Negotiate Oil Transport Deal

Τετ, 8 Οκτωβρίου 2025 - 07:56

Croatian pipeline operator JANAF and Hungarian oil group MOL will meet on Wednesday to discuss extending their cooperation beyond the expiry of their current oil transport agreement on December 31, JANAF said on Tuesday

Spain's Solar Industry Warns of Price Threat to Energy Transition

Τετ, 8 Οκτωβρίου 2025 - 07:50

Spain this year has clocked a growing number of hours with solar power prices at zero or even negative levels, which arise when supply exceeds demand and producers need to pay to offload power or stop plants, industry group UNEF said on Tuesday, a trend that could compromise the country's green energy shift.

Bulgaria's YTD Power Output Grows 7%, Consumption up 5.6%

Τρι, 7 Οκτωβρίου 2025 - 10:26

Bulgaria's electricity production added 7.01% to 30,806 GWh between January 1 and October 5, the country's Electricity System Operator (ESO) said on Monday. Domestic power consumption grew 5.62% on the year to 28,645 GWh, ESO said in a data release.

IEA Trims Renewables Outlook as US Policy Shifts and China Auction Reforms Weigh

Τρι, 7 Οκτωβρίου 2025 - 10:24

The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 900 gigawatts from last year's outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions

Iberian Blackout Was First Known Caused by Excessive Voltage, Report Says

Δευ, 6 Οκτωβρίου 2025 - 09:48

The massive power outage that hit the Iberian Peninsula in April is the first known blackout caused by excessive voltage, the European network of electricity transmission system operators said in a report on Friday

Kurdistan Resumes Oil Exports to Turkiye After Brief Halt

Δευ, 6 Οκτωβρίου 2025 - 09:41

Oil exports from the Kurdistan Region to Turkiye resumed on Friday after a temporary suspension, according to the Ministry of Natural Resources In a statement, the ministry explained that exports through the Ceyhan terminal stopped

Indonesia Regrets EU's Move to Appeal on WTO Biodiesel Ruling

Παρ, 3 Οκτωβρίου 2025 - 09:37

The Indonesian trade ministry on Thursday urged the European Union to adopt World Trade Organization's panel ruling to remove countervailing duties on Indonesian biodiesel imports and regretted the block's move to appeal the WTO ruling. The European Union said last week it will appeal the

Bulgarian Regulators Clear Uni Energy Acquisition of Gazprom-Linked Nis Petrol

Παρ, 3 Οκτωβρίου 2025 - 09:16

The Commission for Protection of Competition (CPC) in Bulgaria has approved a concentration in the fuel retail sector, allowing Uni Energy to acquire full control over Nis Petrol EOOD, BGNES reported. Following an investigation, the CPC concluded that the deal would not significantly hinder competition in the retail fuel market, where there is a horizontal overlap between the companies’ activities.