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Adriatic Oilfield Back in Production Mode After Months-Long Shutdown

Πεμ, 16 Οκτωβρίου 2025 - 10:11

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

Τετ, 15 Οκτωβρίου 2025 - 09:04

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'

Τετ, 15 Οκτωβρίου 2025 - 09:02

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

Τρι, 14 Οκτωβρίου 2025 - 09:05

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

Τρι, 14 Οκτωβρίου 2025 - 09:03

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

Δευ, 13 Οκτωβρίου 2025 - 10:09

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 

Greece Seeks to Finalise Chevron Gas Exploration Contract This Year, Says Minister

Δευ, 13 Οκτωβρίου 2025 - 10:06

Greece is working hard to finalise a contract with U.S. oil major Chevron and its Greek partner Helleniq Energy for energy exploration offshore Greece by the end of the year, the country's energy minister said on Friday

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

Παρ, 10 Οκτωβρίου 2025 - 08:07

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 Serbia's Russian-Owned Oil Firm NIS

Παρ, 10 Οκτωβρίου 2025 - 08:03

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

Πεμ, 9 Οκτωβρίου 2025 - 09:49

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

Turkey's Gas Shift Threatens Russia and Iran's Last Big European Market

Πεμ, 9 Οκτωβρίου 2025 - 09:46

Turkey could meet more than half of its gas needs by the end of 2028 by ramping up production and increasing U.S. imports, in a shift that threatens to shrink the last major European market for Russian and Iranian suppliers

Croatia's JANAF and MOL to Negotiate Oil Transport Deal

Τετ, 8 Οκτωβρίου 2025 - 07:56

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

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

Τετ, 8 Οκτωβρίου 2025 - 07:50

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.