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Russia's Gazprom Says Q1 Net Profit Edges up to $8.4 Billion

Παρ, 30 Μαΐου 2025 - 17:14

Russian energy giant Gazprom's first-quarter net income edged up around 1% compared with the same period last year to 660.4 billion roubles ($8.4 billion), with sales and the rouble exchange rate also up, the company said on Friday

Major Branch of Vertical Corridor for Natural Gas is Inaugurated in Bulgaria; Papastavrou Attends

Παρ, 30 Μαΐου 2025 - 15:03

The construction of a major branch of the Bulgarian network of natural gas distribution in the context of the Vertical Corridor was inaugurated on Thursday by Bulgarian Prime Minister Rosen Zhelyazkov, Greek Environment & Energy Minister Stavros Papastavrou, and Bulgarian Energy Minister Zhecho Stankov in Kresna

Piraeus Bank Raised €500M With Green Bond in Markets

Πεμ, 29 Μαΐου 2025 - 15:24

Piraeus Bank raised €500 million from its foray into the markets on Tuesday via the issuance of its third green bond, with investors showing overwhelming interest

US Court Blocks Most Trump Tariffs, Says President Exceeded his Authority

Πεμ, 29 Μαΐου 2025 - 15:22

A U.S. trade court blocked most of President Donald Trump's tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners

EU Almost on Track to Reach 2030 Climate Goal

Τετ, 28 Μαΐου 2025 - 17:09

The European Union is nearly on track to reach its main climate target for this decade, with countries' existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commission said on Wednesday

Crete “United” With Attica in the Country’s Largest Electrical Interconnection

Τετ, 28 Μαΐου 2025 - 15:59

A new era for Greece’s energy security and green transition is underway

Ukraine Hopes to Import Gas Via Transbalkan Pipeline at Lower Transit Fee

Τρι, 27 Μαΐου 2025 - 19:32

Ukraine's energy regulator has approved a gas import mechanism that will avoid high transit fees when supplying gas through the Transbalkan pipeline from Greece to Ukraine, the Ukrainian energy ministry said on Tuesday

Eni in Exclusive Talks With GIP for Sale of 49.99% of Carbon Capture Unit

Τρι, 27 Μαΐου 2025 - 15:40

Eni has entered exclusive talks with BlackRock's infrastructure fund GIP over the sale of a 49.99% stake in the Italian energy group's carbon capture, utilisation and storage (CCSU) holding, the Italian company said on Tuesday

OPEC+ Must Be Mindful of Rising Oil Demand, UAE Energy Minister Says

Τρι, 27 Μαΐου 2025 - 15:28

OPEC+ is doing its best to balance the oil market, but needs to be mindful of rising demand, United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said on Tuesday

EU Watchdog Launches Inquiry Into Commission's Easing of Green Rules

Δευ, 26 Μαΐου 2025 - 14:06

The EU's Ombudswoman said on Friday she had launched an inquiry into how the European Commission fashioned its recent proposals to simplify sustainability laws, following a complaint by campaigners accusing the EU executive of weakening the rules without first consulting the public

Erbil-Baghdad Breakthrough Could Revive Iraq-Türkiye Oil Pipeline, Experts Say

Δευ, 26 Μαΐου 2025 - 14:02

A potential agreement between Erbil and Baghdad could pave the way for the reactivation of the Iraq-Türkiye Oil Pipeline, following renewed momentum in regional energy diplomacy, according to several experts

Chile Launches Largest Solar Plant With Battery Storage in Latin America

Δευ, 26 Μαΐου 2025 - 14:01

Chile’s Quillagua site saw the inauguration of Latin America’s largest photovoltaic plant with battery storage

Iraq Oil Ministry: US Firms’ Direct Deals With Kurdistan Violate Constitution

Παρ, 23 Μαΐου 2025 - 20:14

Iraq’s Oil Ministry reaffirmed on Friday its commitment to working with U.S. energy companies but emphasized that cooperation must occur through the federal government and not directly with the Kurdistan Regional Government, which would violate the Iraqi constitution

Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Παρ, 23 Μαΐου 2025 - 20:12

Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields

Bulgaria Launches EU's Largest Battery Storage System

Παρ, 23 Μαΐου 2025 - 20:08

Bulgaria inaugurated a 124 MW/496.2 MWh battery energy storage system (BESS), the EU's largest, in the north-central city of Lovech, the municipal government said. The project represents an investment of 147 million levs ($85 million/75.2 million euro) by Sofia-based renewable energy company Advance Green Energy, state news agency BTA reported

Global LNG Exports Rise 3.1% in 1st Quarter on Soaring EU Demand

Πεμ, 22 Μαΐου 2025 - 20:28

Global liquefied natural gas (LNG) exports increased by 3.1% year-on-year in the first quarter of 2025, reaching approximately 109.3 million tons, according to a report from the Organization of Arab Petroleum Exporting Countries (OAPEC)