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Lukoil Threatens Legal Action if Bulgaria Blocks Asset Sales

Lukoil Threatens Legal Action if Bulgaria Blocks Asset Sales

Lukoil has issued a firm warning to Bulgarian authorities, signaling that it will pursue legal action if Rumen Spetsov, appointed as the company’s special manager, obstructs the sale of its assets. The Russian energy giant is currently engaged in negotiations to find a buyer for its Bulgarian operations

Biggest US Power Grid Operator Moving Forward with Plan to Manage Data Centers

Biggest US Power Grid Operator Moving Forward with Plan to Manage Data Centers

Operators of the U.S. electric grid covering the world's largest data center market on Wednesday said they planned to move forward with a plan to manage the connection of the giant server warehouses that are propelling the country's power use to record highs and raising the risk of supply shortfalls

EU to Delay High Risk AI Rules Until 2027 After Big Tech Pushback

EU to Delay 'High Risk' AI Rules Until 2027 After Big Tech Pushback

The European Commission proposed on Wednesday streamlining and easing a slew of tech regulations, including delaying some provisions of its AI Act, in an attempt to cut red tape, head off criticism from Big Tech and boost Europe's competitiveness

EDF, OpCore to Develop 4-Billion-Euro Data Centre in France

EDF, OpCore to Develop 4-Billion-Euro Data Centre in France

French utility EDF and OpCore, a joint venture between telecoms group Iliad and InfraVia Capital Partners, have entered into exclusive negotiations to develop a hyperscale data centre, the companies said on Monday

Ukraine Secures Winter Gas Support from Greece

Ukraine Secures Winter Gas Support from Greece

Ukraine has signed an “extremely important agreement” with Greece for gas imports to help the country through winter after repeated Russian strikes on its infrastructure, Ukrainian President Volodymyr Zelenskyy said during a visit to Athens on Sunday. 

US Grants Crucial Waiver Allowing Lukoil Operations in Bulgaria

US Grants Crucial Waiver Allowing Lukoil Operations in Bulgaria

The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil, easing concerns about the company’s operations in the country and the broader impact on fuel supplies. 

German Lawmakers Back Measures to Lower Electricity Costs

German Lawmakers Back Measures to Lower Electricity Costs

Germany's lower house of parliament passed two bills late on Thursday aimed at lowering electricity prices, which are among the highest in Europe and are a burden on industry and the wider economy

Albania, Italy Ink Agreements on Defence, Energy, Migration

Albania, Italy Ink Agreements on Defence, Energy, Migration

The Albanian and Italian prime ministers, Edi Rama and Giorgia Meloni, signed agreements and memoranda of understanding on Thursday to collaborate across 16 sectors, including defence, energy, and migration management, the Albanian prime minister’s office said

Project Pipeline in Greece for CO2 Capture, Storage Nearing EUR 4 Billion

Project Pipeline in Greece for CO2 Capture, Storage Nearing EUR 4 Billion

Carbon capture and storage projects worth as much as EUR 3.6 billion are under development in Greece. Energean’s subsidiary EnEarth has launched a tender for drilling two wells for the Prinos site under the Aegean Sea, while DESFA won a EUR 169 million EU grant for a carbon dioxide liquefaction unit

OPEC Shifts Oil Outlook to See Small Surplus in 2026

OPEC Shifts Oil Outlook to See Small Surplus in 2026

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier projections of a deficit