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France to End Sale of Gasoline and Diesel Cars by 2040

Πεμ, 6 Ιουλίου 2017 - 19:29

France aims to end the sale of diesel and gasoline cars by 2040 as part of a five-year climate plan revealed Thursday by the country's new environment minister, Nicolas Hulot, ahead of the G20 summit in Hamburg. Hulot also announced the end of coal-produced energy by 2022 and proclaimed 2050 to be the year France is to achieve "carbon neutrality", i.e. that it will boast a zero-sum carbon footprint

General Electric to Supply Core Technology for Romania's Romgaz New Plant

Τετ, 5 Ιουλίου 2017 - 17:29

US-based multinational conglomerate corporation General Electric (GE) said on Tuesday, June 27, it has been awarded an order from the consortium Duro Felguera - Romelectro for core technology in the Iernut power plant operated by Romanian natural gas producer Romgaz [BSE: SNG]

Spain’s Repsol, Gazprom Neft Set Up JV to Explore Russian Reserves

Τετ, 5 Ιουλίου 2017 - 17:28

Gazprom Neft said on July 3 that the Russian company has acquired a 25.02% stake (with the right to increase this to 50%) in Evrotek-Yugra, which is owned by Spain’s Repsol. Evrotek-Yugra holds exploration and production rights to seven license blocks in the Khanty-Mansiysk Autonomous Okrug

IEA Study Unveils Key Role For Trucks in Global Oil-Demand Growth

Τετ, 5 Ιουλίου 2017 - 17:27

Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency's latest report, The Future of Trucks: Implications for energy and the environment

Vestas Receives 50 MW Order in China

Τετ, 28 Ιουνίου 2017 - 16:29

Danish wind energy company Vestas received a 50-megawatt wind turbine order in China, the company announced on Wednesday. Delivery of the order, which was received for the 50 megawatt Xuanhuihe project in Yanshan county of northern China’s Hebei province, is expected to begin in the fourth quarter of 2017

Oil Prices Rise But Oversupply Concerns Remain

Τετ, 28 Ιουνίου 2017 - 16:28

On June 27, oil prices rose again boosted by a weaker dollar but worries over an ongoing supply glut capped gains. According to Reuters, Brent crude futures had gained 25 cents to $46.08 per barrel. US WTI crude futures were up 23 cents at $43.61 per barrel. Oil prices have weakened significantly over the last month

IENE Convenes International Workshop on «Energy Security in SE Europe and the Role of LNG»

Τετ, 28 Ιουνίου 2017 - 16:27

IENE is going ahead with its plans to convene in Athens on July 4/5 a high level international workshop to examine the energy security implications in SE Europe as a result of growing gas demand and the role of LNG

Crude Oil Trade Sees 4% Increase in ‘16

Τρι, 27 Ιουνίου 2017 - 18:56

Global crude oil trade hit 2.1 billion tonnes last year, a rise of 4 percent from 2015 levels when oil trade reached 2.03 billion tonnes, BP's latest report showed. In 2016, with 585.7 million tonnes of production, Saudi Arabia, the world's largest producer, exported the most oil worldwide

Turkish Stream Deep Water Pipe Laying Starts

Τρι, 27 Ιουνίου 2017 - 18:56

Russian gas monopoly Gazprom said on June 23 that it started laying the Turkish Stream gas pipeline in the deep-water area off the coast of Anapa. According to Gazprom, Russian President Vladimir Putin gave the command to launch the operations during his visit to the Pioneering Spirit pipe-laying vessel

Romanian Power Producer Hidroelectrica Records 26% Profit Increase

Δευ, 26 Ιουνίου 2017 - 15:36

Romanian power producer Hidroelectrica, one of the most profitable state-owned companies, recorded a gross profit of EUR 162.8 million in the first five months of this year, up 26% compared to the same period last year

France Rolls Out New Environment Measures

Δευ, 26 Ιουνίου 2017 - 15:35

France’s Environment Minister Nicolas Hulot has unveiled a first set of eco-friendly measures, including a moratorium on new oil and gas exploration licenses. Rolling out his agenda on June 23, he said he would take a soft approach to reducing fossil fuels. "There will be no new exploration licences for hydrocarbons, we will pass the law this autumn,” Hulot told the BFMTV news channel

Albania Expects to Finalize TAP by 2018: Deputy Min.

Δευ, 26 Ιουνίου 2017 - 15:34

Works on the Trans-Adriatic Natural Gas Pipeline Project's (TAP) are underway with the construction of two compressor stations, Deputy Minister of Energy and Industry of Albania told Anadolu Agency (AA) on Monday

Turkey's Pre-License Tenders for Wind Energy Finalized

Παρ, 23 Ιουνίου 2017 - 15:16

During a three-day period in which wind energy pre-licenses were up for tender, over 200 renewable energy firm attended the rally for a total of 710 megawatts (MW) in wind capacity throughout Turkey