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Shell Third-Quarter Profit Beats Expectations

Πεμ, 30 Οκτωβρίου 2025 - 10:18

Shell beat third-quarter profit forecasts on Thursday, helped by strong results from its gas division, and said it would maintain the pace of its share buyback programme at $3.5 billion over the next three months. The oil major said adjusted earnings, its definition of net

US Strikes $80 Billion Deal for New Nuclear Power Plants

Τετ, 29 Οκτωβρίου 2025 - 08:25

The U.S. government inked a partnership with the Canadian owners of Westinghouse Electric on Tuesday that aims to build at least $80 billion in nuclear reactors. It is one of the most ambitious plans in U.S. atomic energy in decades, underscoring

Bulgaria to Complete Vertical Gas Corridor by 2026, Energy Minister Confirms

Τετ, 29 Οκτωβρίου 2025 - 08:20

Bulgaria’s section of the Vertical Gas Corridor is progressing according to plan and is expected to be completed by the end of 2026, Energy Minister Zhecho Stankov announced. He underlined that the project is key to maintaining Bulgaria’s role as a strategic energy hub in Southeastern Europe

Croatia Allocates EUR 50 Million for Prosumers in Business Sector to Install BESS

Δευ, 27 Οκτωβρίου 2025 - 09:12

Croatia has allocated EUR 50 million to support businesses in installing batteries for storing energy from their existing solar power plants or ones they plan to install. In recent years, many companies all over Europe have installed solar panels for 

Rosatom and Brazil Exploring Cooperation on Rare Earth Elements

Δευ, 27 Οκτωβρίου 2025 - 09:07

Russia's state nuclear energy corporation Rosatom is working with Brazil on cooperation in the field of rare earth elements, the company's director general said Thursday. Rosatom Director General Aleksey Likhachev told reporters in Moscow that the company

Putin Defiant After Trump Sanctions Russian Oil Companies Over Ukraine

Παρ, 24 Οκτωβρίου 2025 - 10:11

Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump hit Russia's two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that pushed global oil prices up 5%

Russia-Owned NIS Stopped from Getting Oil Cargo Amid Serbia Fuel Crunch, Sources Say

Παρ, 24 Οκτωβρίου 2025 - 10:08

U.S. sanctions on Russian-owned NIS have prevented the Serbian oil group from receiving a crude cargo that could have bought time for Serbia's sole refinery, which faces closure without new supplies, sources with knowledge of the matter said

Serbia Warns of Gas Crisis as EU Transit Ban Threatens Balkan Stream Supply

Πεμ, 23 Οκτωβρίου 2025 - 11:16

Serbia is in a very difficult situation because, as of January 1, 2026, it won’t be able to receive Russian natural gas via Bulgaria, according to the Ministry of Mining and Energy. Serbia receives natural gas from Russia via the Balkan Stream. The pipeline is an 

India Poised to Sharply Cut Russian Oil Purchases After Sanctions, Sources Say

Πεμ, 23 Οκτωβρίου 2025 - 11:07

Indian refiners are poised to sharply curtail imports of Russian oil, industry sources said on Thursday, following new U.S. sanctions on two major Russian producers aimed at squeezing Moscow's revenue to fund its war in Ukraine. India has become the biggest 

Hungarian, Romanian Oil Refineries Tied to Russia Hit by Blasts

Τετ, 22 Οκτωβρίου 2025 - 20:11

Explosions occurred at oil refineries in Romania and Hungary on the evening of Oct. 20, both of which have links to Russia, local media reported on Oct. 21.

Germany’s Gas-Power Ambitions Face Setback With Complaint to EU

Τετ, 22 Οκτωβρίου 2025 - 14:48

Germany’s plan to build a fleet of gas-fired power plants may be delayed by a local clean-tech startup, which has filed a formal complaint with the European Commission

Japan to Act in National Interest on Russian Energy, Says Industry Minister

Τρι, 21 Οκτωβρίου 2025 - 08:06

Japan's Trade Minister Yoji Muto said on Tuesday that the country will act appropriately based on its national interest, while maintaining close coordination with the international community, when asked about Russian energy imports.Last week, U.S. Treasury Secretary Scott Bessent said he told Japanese 

Two Large Photovoltaic Parks Commissioned in Albania in 2025

Τρι, 21 Οκτωβρίου 2025 - 08:04

In the first eight months of this year, Albania added two solar power plants of an overall 150 MW and a hydropower facility of 48.9 MW to its transmission grid. Hydropower plants account for almost all electricity production in Albania, but