LNG-Powered Container Vessel Delivered

LNG-Powered Container Vessel Delivered

French shipping major CMA CGM Group took delivery of the world’s first ultra large liquefied natural gas-powered container ship from its manufacturer Hudong-Zhonghua Shipbuilding (Group) Co Ltd in Shanghai on Tuesday, marking a significant step forward in the Chinese shipbuilder’s design and research capabilities, officials said

A Serbian-Born Graduate On Studying at Mining University

A Serbian-Born Graduate On Studying at Mining University

Here is a story of a Serbian oilman who was born in a tiny town, yet he got admitted to St. Petersburg Mining University. Now he is back home, working for one of the most profitable Serbian companies

Climate Goals Virtually Impossible Without Carbon Capture

Climate Goals Virtually Impossible Without Carbon Capture

Reaching global net-zero emissions target will be virtually impossible without carbon capture, utilization and storage (CCUS) technologies that require an estimated cumulative investment of $160 billion by 2030, according to a new report from the International Energy Agency on Thursday

Greece to Move Forward With Privatization of Energy, Mining Companies

Greece to Move Forward With Privatization of Energy, Mining Companies

Minister of Environment and Energy of Greece Kostis Hatzidakis announced plans for a quick sale or partial privatization of companies in the energy and mining sectors. He asserted the government would soon introduce the so-called target model so that power producers would be able to make bilateral supply contracts with corporate consumers

Airbus Charts Path to Zero Emission Aviation By 2035

Airbus Charts Path to Zero Emission Aviation By 2035

With pressure mounting on the airline industry to play its part in combating greenhouse gas emissions, European manufacturer Airbus today announced plans for three emissions-free aircraft. The Toulouse-based planemaker said the models could enter commercial service by 2035

Cengiz Energy Invests $150M in Uzbekistan Power Plant

Cengiz Energy Invests $150M in Uzbekistan Power Plant

Turkey's Cengiz Energy will establish a natural gas combined cycle power plant in Uzbekistan with an investment of US$150 million, the company announced on Monday

Bulgaria Aims to Add 2.6 GW of Renewable Capacity by End-2030

Bulgaria Aims to Add 2.6 GW of Renewable Capacity by End-2030

Bulgaria is targeting a further 2,645 MW of installed electricity generation capacity from renewable sources, mostly photovoltaic plants, by the end of 2030, in line with the EU's goals for green energy transition, a draft national strategy published on the parliament’s website shows

Oil Price Down As Storm-Halted Output Resumes in US

Oil Price Down As Storm-Halted Output Resumes in US

Oil prices were down on Thursday as concerns about oversupply re-emerged after oil companies started to resume production in the US Gulf of Mexico following Hurricane Sally

Hitachi to Quit Suspended Horizon Nuclear Plant in UK

Hitachi to Quit Suspended Horizon Nuclear Plant in UK

Japanese conglomerate Hitachi announced Wednesday that it would end business operations for the construction of the Horizon nuclear power plant project in Wales, 20 months after its suspension

Energean:Contracts Signed for the Sale of an Additional 1.4 bcm/yr from the Karish Project Total Firm GSPAs are now 7.0 bcm/yr

Energean:Contracts Signed for the Sale of an Additional 1.4 bcm/yr from the Karish Project Total Firm GSPAs are now 7.0 bcm/yr

Energean is pleased to announce that Energean Israel (Energean, 70%) has signed two new Gas Sales and Purchase Agreements ("GSPAs"), which, combined, represent quantities of gas of up to 1.4 bcm/yr and increase total firm contracted gas sales from its flagship Karish project to approximately 7.0 bcm/yr on plateau. The new agreements represent contracted revenues