Greenhouse Gas Emissions from Oil, Gas Sector Are as Much as 3 Times Higher Than Reported

Greenhouse Gas Emissions from Oil, Gas Sector Are as Much as 3 Times Higher Than Reported

Emissions from oil and gas production are significantly underreported, with data showing that of the countries required to report regularly to the United Nations Framework Convention on Climate Change (UNFCCC), emissions are as much as three times higher, a facility-level global inventory of greenhouse gas emissions by the non-profit organization Climate TRACE showed Wednesday

Greece Advances its Upstream Gas Exploration Programme

Greece Advances its Upstream Gas Exploration Programme

Following the announcement of the Prime Minister Kyriakos Mitsotakis and the successful geophysical surveys conducted in early 2022 in the Central and South Ionian, Greece’s national hydrocarbons and energy resources corporation, HEREMA, today announced the next steps in the country’s upstream exploration programme with the acquisition of a 3D seismic survey in the North Ionian Sea (block 2), and 2D seismic surveys West and South/West of Crete.

Zeus, Energeans New Natural Gas Discovery in Israel

Zeus, Energean's New Natural Gas Discovery in Israel

Energean plc is pleased to announce that i) the Zeus-01 exploration well has made a commercial gas discovery of 13 bcm ii) contingent resources at Athena have been upgraded following post-well analysis; and iii) the Stena IceMax drilling rig has moved to block 23 to drill the Hercules structure, the final well in Energean’s 2022 drilling campaign.

European Union to Provide €3 Billion in Funding to Help CCS Projects

European Union to Provide €3 Billion in Funding to Help CCS Projects

The European Union is set to launch a new €3 billion ($2.98 billion) package of incentives for carbon capture and storage (CCS) projects after Energy Commissioner Kadri Simson called for an increased sense of urgency in a field identified as fundamental for meeting climate targets

Croatia Aims for Role as Eastern Europe’s ‘Energy Gateway’

Croatia Aims for Role as Eastern Europe’s ‘Energy Gateway’

The war in Ukraine exposed the EU’s dependence on Russian fossil fuels, but an oil pipeline conceived as a Yugoslav rival to Soviet infrastructure could help Croatia emerge as a winner from Europe’s energy crisis

EuroAsia Interconnector Ready for Construction, ‘Historic Day’, President Says

EuroAsia Interconnector Ready for Construction, ‘Historic Day’, President Says

A project which will connect the Cypriot, Greek and Israeli power grids through the world’s longest submarine power cable which will total over 1,200 kilometres with a 2,000 Megawatt capability that will allow Cyprus to have an excess of renewable energy that could be exported or exchanged, was inaugurated on Friday night

MYTILINEOS’ Chairman & CEO Evangelos Mytilineos Εlected Νew President of Eurometaux

MYTILINEOS’ Chairman & CEO Evangelos Mytilineos Εlected Νew President of Eurometaux

Evangelos Mytilineos, CEO of Greek aluminium and energy company MYTILINEOS, was elected President of Eurometaux (Europe’s metals association) at the association’s General Assembly. He succeeds Mikael Staffas, CEO of Boliden, who has held this post since October 2018. Guy Thiran, Eurometaux’s Director General, commented: “I am thrilled to welcome Evangelos Mytilineos as our new President. His rich experience in the aluminium and energy sectors

IEA Says Opec+ Move Disruptive, Slashes Demand Outlook

IEA Says Opec+ Move Disruptive, Slashes Demand Outlook

The IEA today labelled the Opec+ group's recent decision to cut its supply quotas as a "disruptive market force", and said this, along with a "relentless deterioration" in the economy, are behind sharp downgrades to its forecasts for global oil demand growth

Mavi Deniz Delivers Amphibex to Bulgaria

Mavi Deniz Delivers Amphibex to Bulgaria

Mavi Deniz, an Istanbul based company involved in oil spill response, weed and silt removal, dredging and ship building, has delivered an Amphibex amphibious machine to Bulgaria – with support of European Union Funding