Akkuyu NPP's 3rd Unit Construction to Begin Next Spring

Akkuyu NPP's 3rd Unit Construction to Begin Next Spring

 Construction of the third unit of Turkey's Akkuyu Nuclear Power Plant (NPP) is planned to start next spring, Kirill Komarov, first deputy director general for corporate development and international business of Rosatom, said on Friday

Opec Likely to Delay Putting Extra Oil on Market: MUFG

Opec Likely to Delay Putting Extra Oil on Market: MUFG

Given the expected year-end oil market surplus, and prevailing elevated demand uncertainty stemming from the virus, Opec+ may delay by 3 months its January production ramp-up by 1.9m barrels per day (b/d) to 5.8m b/d when it meets at the end of the month, a report said

Belarus Reopens Nuclear Power Plant after Replacing Equipment

Belarus Reopens Nuclear Power Plant after Replacing Equipment

Belarus has resumed operations at a new nuclear power plant, inaugurated earlier this month by President Alexander Lukashenko, after successfully replacing some equipment, the Ministry of Energy said in a statement on Thursday

Iran, Venezuela Sanctions Relief Low Priority for Biden

Iran, Venezuela Sanctions Relief Low Priority for Biden

While the US has been in turmoil since President Donald Trump contested the results of a Joe Biden win in the presidential elections by claiming election fraud, oil giants Iran and Venezuela are hoping to resume diplomatic relations with the US under the new administration

 Minister: TAP Is a Milestone for the Energy Security of Greece and SE Europe

Minister: TAP Is a Milestone for the Energy Security of Greece and SE Europe

Natural gas from the TAP pipeline will start to be supplied to the country, through DEPA, by the end of the year, Environment and Energy Μinister Kostis Hatzidakis said on Tuesday, in statements welcoming the completion of the preparations for the pipeline on Greek territory

Stocks of Energy Firms on Rise Over Vaccine Hopes

Stocks of Energy Firms on Rise Over Vaccine Hopes

Stocks of energy companies, including US energy majors Chevron and ExxonMobil gained after positive news of an effective coronavirus vaccine, which instilled economic recovery hopes and the possibility of an oil demand rebound

Green Energy Capacity Set to Hit Record 200GW: IEA

Green Energy Capacity Set to Hit Record 200GW: IEA

New additions of renewable power capacity worldwide will increase to a record level of almost 200 gigawatts (GW) this year, contrasting with the sharp declines triggered by the pandemic in other parts of the energy sector, said the International Energy Agency (IEA) in a new report

Adnoc LNG Seals Supply Agreements With Vitol, Total

Adnoc LNG Seals Supply Agreements With Vitol, Total

Adnoc LNG has signed a six-year supply agreement with Vitol for the sale of 1.8 million tonnes per annum (mtpa) of post-2022 LNG volumes and a two-year supply agreement with Total for 0.75 mtpa of 2021 and 2022 LNG volumes

Oil Prices Rise Over Hopes of OPEC+ Output Cuts

Oil Prices Rise Over Hopes of OPEC+ Output Cuts

Oil prices rose on Monday with hopes that the OPEC+ production cuts will increase amid the coronavirus pandemic to sustain price pressure. International benchmark Brent crude was trading at $43.30 per barrel at 0738 GMT on Monday with a 1.22% increase after closing Friday at $42.78 a barrel

Australia-China Spat Threatens LNG Deal

Australia-China Spat Threatens LNG Deal

A sharp worsening in relations between Australia and China could threaten a deal that would have seen Woodside Petroleum sell a stake in a natural gas field and in the $16-billion Scarborough liquefied natural gas project

Commission Impedes Greek Armaments Programs - Some See German Proding

Commission Impedes Greek Armaments Programs - Some See German Proding

The Commission is making an unprecedented intervention in Greece's national security policy, sending a written request to Athens to submit data on the investment-industrial part of the Air Force and Navy programs, before launching proceedings in the European Court of Justice