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Renewables in Spain: TotalEnergies Inaugurates its Largest Solar Field in Europe

Πεμ, 22 Μαΐου 2025 - 20:21

TotalEnergies inaugurates 263 MW of solar projects in Spain near Sevilla. This solar field is TotalEnergies’ largest in Europe. It is producing renewable electricity for over 150,000 Spanish households

Russia's Gazprom Neft Q1 Net Profit Falls 42% y/y to $1.2 bln

Τετ, 21 Μαΐου 2025 - 20:23

Gazprom Neft, the oil arm of Russian energy giant Gazprom, said on Wednesday its first-quarter net profit dropped 42% to 92.6 billion roubles ($1.2 billion), hurt by declining sales and foreign exchange-related losses

Turkey Announces Major Shale Oil Reserve Discovery

Τετ, 21 Μαΐου 2025 - 20:22

Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkey’s southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said

Global Steel Sector Lagging on Green Transition as Coal-Powered Production Rises, Research Shows

Τρι, 20 Μαΐου 2025 - 15:02

As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030

EBRD Backing VGP’s Investments in Croatia, Romania, Serbia

Τρι, 20 Μαΐου 2025 - 14:45

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it has successfully subscribed to a 76 million euro ($85 million) ticket as part of the existing green bond programme of VGP, a pan-European provider of logistics and semi-industrial real estate to back its expansion in central and southeastern Europe

US Lifts Ban on New York Offshore Wind Project After Gas Compromise

Τρι, 20 Μαΐου 2025 - 14:39

The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that could also see cancelled plans for a gas pipeline revived, officials said on Tuesday

The Eel Trap of Globalization: The West’s Uphill Battle to Reclaim Critical Mineral Supply Chains

Δευ, 19 Μαΐου 2025 - 10:05

The global landscape of critical minerals has undergone significant shifts over the past few decades. Initially, Western nations held the upper hand in exploring, extracting, and processing these valuable resources.

Chevron Reaffirms Strategic Interest in Greek Hydrocarbons

Δευ, 19 Μαΐου 2025 - 08:15

Chevron has reaffirmed its growing strategic interest in Greece’s hydrocarbon potential, as Greek Minister of Environment and Energy Stavros Papastavrou met with senior executives from the U.S. energy giant at the company’s headquarters in Houston last Thursday.

Bulgaria in Talks With US Hedge Fund to Expand Turkstream Capacity

Παρ, 16 Μαΐου 2025 - 15:38

Boyko Borissov, leader of Bulgaria’s ruling GERB party, has announced talks with US investors to expand the TurkStream pipeline extension – currently the sole route for Russian pipeline gas to Central Europe and nearly fully supplied by Gazprom

Belgian Parliament Scraps Nuclear Phaseout Plan

Παρ, 16 Μαΐου 2025 - 14:46

Belgium has dropped nuclear phaseout plans adopted over two decades ago. Previously, it had delayed the phaseout for 10 years over the energy uncertainty triggered by Russia's invasion of Ukraine

UAE to Boost Energy Investments in US to $440 Billion by 2035

Παρ, 16 Μαΐου 2025 - 14:19

The United Arab Emirates plans to increase the value of its energy investments in the United States to $440 billion in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour

Global Oil Supply to Rise Faster Than Expected After OPEC+ Hike, IEA Says

Πεμ, 15 Μαΐου 2025 - 20:09

World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a lower forecast from U.S. shale producers

Trump Says US Close to a Nuclear Deal With Iran

Πεμ, 15 Μαΐου 2025 - 20:03

President Donald Trump said on Thursday that the United States was getting very close to securing a nuclear deal with Iran, and Tehran had "sort of" agreed to the terms

HelleniQ Energy Announces Adjusted EBITDA of €180m for First Quarter ‘25 on Substantially Weaker Benchmark Refining Margins

Πεμ, 15 Μαΐου 2025 - 19:40

HELLENiQ ENERGY announced adjusted EBITDA of €180m, on substantially weaker benchmark refining margins, while Elefsina refinery’s full turnaround is progressing according to schedule

EU Proposes Curbing More Green Rules on Farming Subsidies

Τετ, 14 Μαΐου 2025 - 19:25

The European Commission proposed weakening more of the environmental conditions tied to the EU's huge farming subsidy programme on Wednesday, as part of plans to cut back regulations and paperwork for farmers

OPEC Expects Slower 2025 Oil Supply Growth from Rivals After Price Drop

Τετ, 14 Μαΐου 2025 - 19:20

OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices