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Top Shipping Nation Greece Shies Away From Maritime Carbon Tax

Top Shipping Nation Greece Shies Away From Maritime Carbon Tax

Greece, home to the world’s second-largest merchant fleet, is walking back from supporting a global maritime carbon tax that has drawn backlash from Washington. The nation currently plans to abstain from a final vote this week on an International Maritime Organization proposal to make

Circular Waste Utilization Rather Than Waste Incineration

Circular Waste Utilization Rather Than Waste Incineration

Introduction: The transition from a linear ‘production-use-disposal’ model to a circular economy model is a central priority for Europe. The cyclic recovery of waste (Waste-to-Product or W-to-P) means converting materials from waste to new products or raw materials, with preservation of value, reduction 

India Launches $77 Billion Hydropower Plan in Brahmaputra River

India Launches $77 Billion Hydropower Plan in Brahmaputra River

India has unveiled a $77 billion plan to develop over 76 gigawatts (GW) of hydropower potential from the Brahmaputra River Basin by 2047, according to the Central Electricity Authority (CEA). The plan covers 208 major hydropower and pumped storage 

Adriatic Oilfield Back in Production Mode After Months-Long Shutdown

Adriatic Oilfield Back in Production Mode After Months-Long Shutdown

The Italian subsidiary of London-based oil and gas player Energean has restarted production at its field off the coast of Abruzzo, Italy. According to the UK player, the operations at the Rospo Mare field, located 20 kilometers off the coast 

Oil Bosses Expect Market Surplus to Shrink Over Time

Oil Bosses Expect Market Surplus to Shrink Over Time

The global oil market is set to tighten in the medium to longer term, recovering from short-term weakness, executives from oil majors and trading houses said on Tuesday. Rising output from OPEC+ - which groups the Organisation of Petroleum Exporting Countries and 

Türkiye Improving Energy Efficiency Faster Than Global Average

Türkiye Improving Energy Efficiency 'Faster Than Global Average'

Türkiye has been improving energy efficiency considerably faster compared to the global average in recent years, according to a senior official from the International Energy Agency (IEA). "It is great to see the ambition," Brian Motherway, head of the 

Montenegro Starts Transporting Equipment for 55 MW Gvozd Wind Farm

Montenegro Starts Transporting Equipment for 55 MW Gvozd Wind Farm

Montenegro’s state-owned power utility, Elektroprivreda Crne Gore (EPCG), said equipment for the future 55 MW Gvozd wind farm will start being transported to the construction site in the country’s northwest on Monday night. The wind turbines will 

UN Shipping Emissions Deal to Pit US Against EU-Led Bloc

UN Shipping Emissions Deal to Pit US Against EU-Led Bloc

The International Maritime Organization will meet this week to formally decide whether to impose a carbon emissions price on global shipping, a move supported by an EU-led bloc including Britain, China and Japan but strongly opposed by the U.S.

Blackrock-Backed Peru Copper Port to Expand as China Rivalry Heats Up

Blackrock-Backed Peru Copper Port to Expand as China Rivalry Heats Up

Latin America’s top copper-shipping hub — co-owned by BlackRock Inc. — has secured approval for a $700 million expansion as it seeks to retain a key Chinese customer. The Matarani port in southern Peru won government clearance to invest in new 

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

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

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 Serbias Russian-Owned Oil Firm NIS

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

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

Iraq Signs Deal with Exxon to Help Develop Large Oilfield

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

Croatias JANAF and MOL to Negotiate Oil Transport Deal

Croatia's JANAF and MOL to Negotiate Oil Transport Deal

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

Spains Solar Industry Warns of Price Threat to Energy Transition

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

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.