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France Braces for Power Demand Surge Driven by EVs, Alternative Fuels

Τετ, 7 Ιουνίου 2023 - 16:30

Electric vehicles and other technology to cut emissions is likely to drive a surge in French power demand by 2035, meaning France will need to maintain its existing nuclear capacity, grid operator RTE said on Wednesday

AVAX Signs 673.5 Mln Euro Deal With Mass Group to Build Gas-Fired Power Plant in Romania

Παρ, 2 Ιουνίου 2023 - 19:33

Greece-based AVAX Group said that it has signed a contract worth 673.5 million euro ($718.6 million) with Iraqi company Mass Group Holding for the engineering, construction and commissioning of a 1,750 MW combined cycle power plant in Romania

Eni Bets on Agri-Business in Africa to Expand Biofuel Production

Παρ, 2 Ιουνίου 2023 - 19:19

Italy's Eni (ENI.MI) is investing in farming in several African and Asian countries as it aims to produce by itself around one fifth of the agricultural feedstock it will need for its biofuel business by 2025, two top executives at the energy group said

Croatia’s ENNA Preparing IPO, to Invest 1 Bln Euro in Green Energy

Πεμ, 1 Ιουνίου 2023 - 18:26

Croatian privately-held investment group Energia Naturalis (ENNA) said on Thursday it has started preparations for an initial public offering (IPO) and plans to put more than 1.0 billion euro ($1.07 billion) into green projects in Croatia

OPEC+ Unlikely to Deepen Oil Supply Cuts at June 4 Meeting, Sources Say

Πεμ, 1 Ιουνίου 2023 - 18:22

OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters

Gazprom Denies Reports of Takeover of Türkiye’s National Gas Firm

Παρ, 26 Μαΐου 2023 - 14:49

Russian energy company Gazprom on Thursday denied Turkish media reports that it was in negotiation to acquire the Turkish Petroleum Pipeline Corporation (BOTAS)

Iran to Use Route Via Türkiye Should it Deliver Natural Gas to Europe

Παρ, 26 Μαΐου 2023 - 14:46

Iran is considering natural gas exports via Türkiye to Europe amid the ongoing energy crisis that has arisen after Russia halted gas sales to EU countries following the Russia-Ukraine war, the Iranian Deputy Minister of Petroleum and CEO of the National Iranian Gas Company (NIGC), Majid Chegeni, said on Thursday

Photon Energy Connects Two New Solar Power Plants to the Romanian Grid

Τετ, 24 Μαΐου 2023 - 20:01

Amsterdam-based Photon Energy has finalized two solar (PV) power plants in Romania with a combined capacity of 9.5 MWp

Putin Says Energy Prices Approaching 'Economically Justified' Levels

Τετ, 24 Μαΐου 2023 - 19:59

Russian President Vladimir Putin said on Wednesday that energy prices were approaching “economically justified” levels, and that Russia was continuing to meet its commitments on energy supplies

CWP Global to Build 450 MW Wind Farm in Serbia

Τετ, 17 Μαΐου 2023 - 19:43

Renewable energy developer Continental Wind Partners (CWP) Global plans to build a 450 MW wind farm in Serbia’s northern municipalities of Srbobran and Becej, the local authorities said

Shell to Use New AI Technology in Deep Sea Oil Exploration

Τετ, 17 Μαΐου 2023 - 19:42

Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday

Lower Oil Prices Push Saudi Oil Giant Aramco's First Quarter Profit Down 19%

Τρι, 9 Μαΐου 2023 - 14:10

Saudi oil giant Aramco's first quarter net profit dropped 19% from a year earlier to 119.54 billion riyals ($31.88 billion), it said on Tuesday, due to lower crude prices

Kosovo A Thermal Power Plant 140 MW Unit Resumes Production After One Year Halt

Τρι, 9 Μαΐου 2023 - 14:08

The 140 megawatt A-5 unit of Kosovo's largest thermal power plant, Kosovo-A, resumed operations after being idle for nearly a year, the Kosovo Energy Corporation (KEK) said

Croatia’s Rimac to Tap Stationary Energy Storage Systems Market

Πεμ, 4 Μαΐου 2023 - 20:00

Croatia’s Rimac Group said on Thursday that its fully-owned subsidiary Rimac Technology has a launched a new brand, Rimac Energy, leveraging its expertise in making electric vehicle technology to create stationary energy storage systems (ESS)

Shell Posts $10 Billion Profit as Trading Offset Lower Energy Prices

Πεμ, 4 Μαΐου 2023 - 16:11

Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices

North Sea Countries to Pledge Massive Ramp Up of Wind Energy - Draft

Παρ, 21 Απριλίου 2023 - 19:40

Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power