English Edition

UK North Sea Tax Changes Mean $12 Billion Revenue Drop, Industry Body Says

Δευ, 2 Σεπτεμβρίου 2024 - 15:44

British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and accelerate a decline in output, an industry group said on Monday

Dozens of Pumped Storage Hydropower Projects Underway in Greece

Δευ, 2 Σεπτεμβρίου 2024 - 15:42

The pileup of proposals for wind and solar power plants in Greece bolstered the interest in investments in pumped hydropower storage facilities to balance the output from the two intermittent sources. Government-controlled PPC is dominating the map

Greece Tackles Last of Wildfire Near Athens, Assesses Damage

Τετ, 14 Αυγούστου 2024 - 15:23

Firefighters battled on Wednesday to extinguish the remnants of a wildfire near Athens that killed a woman, torched buildings, devoured woodland and forced thousands of people to flee their homes

Global Petrochemical Firms Shape Up in Oversupply Crisis

Τετ, 14 Αυγούστου 2024 - 15:21

Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for three consecutive years, forcing firms to consolidate

EV Maker Lucid Receives Further $1.5bn in Saudi Funding Ahead of SUV Launch

Τρι, 13 Αυγούστου 2024 - 17:25

Lucid Motors has received another $1.5bn in funding from its largest shareholder, Saudi Arabia’s Public Investment Fund, giving the Californian electric vehicle start-up vital new cash to navigate a global slowdown in demand and launch a mass-market SUV

Croatia's Janaf Offers to Carry Oil to Hungary, Slovakia - PM

Τρι, 13 Αυγούστου 2024 - 17:23

Croatian oil pipeline operator JANAF [ZSE:JNAF] is ready to enable crude oil transportation to Hungary and Slovakia in the context of Ukraine's recent decision to ban the transit of oil produced by Russia's Lukoil to the two landlocked countries via its territory, Croatian prime minister Andrej Plenkovic said on Thursday

UK Nuclear Waste Site Failed to Heed Warnings Over Cyber Risks, Court Told

Παρ, 9 Αυγούστου 2024 - 19:45

The UK state-owned operator of Europe’s largest nuclear waste dump failed to tackle cyber security weaknesses despite repeated interventions from regulators, a court heard

Cheap Russian Gas Curtails EU Demand, Slowing Greece's LNG Capacity Growth: Experts

Παρ, 9 Αυγούστου 2024 - 19:32

Greece's plan to become a major liquefied natural gas (LNG) hub in Europe and expand its LNG capacity has been undermined by declining demand and low-priced Russian gas, according to experts

US Offshore Wind Opponents Seek to Form National Group to Fight Projects

Πεμ, 8 Αυγούστου 2024 - 18:29

U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations

Fortis Energy Gets Permits for 509 MW of Wind Projects in Serbia

Πεμ, 8 Αυγούστου 2024 - 17:39

Turkish renewable energy producer Fortis Energy said it has received preliminary permits for three wind parks in Serbia with a combined capacity of 509.4 MW

PPC Signs Agreement to Acquire Evryo Group's 629MW RES Romanian Portfolio

Τετ, 7 Αυγούστου 2024 - 19:54

PPC announces that it has entered into a binding agreement with Evryo Group, owned by funds managed by Macquarie Asset Management, to acquire their renewable energy generation portfolio in Romania, which comprises 629MW RES in operation, and about 145MW in pipeline assets. The agreement has a total enterprise value of approximately €700 million with the overall valuation being in line with precedent transactions on the market, and the total consideration being subject to customary adjustments

US Energy Agency Revises Down Crude Oil Price Forecasts for 2024

Τετ, 7 Αυγούστου 2024 - 19:51

The US Energy Information Administration (EIA) revised down its forecast for crude oil prices. In its Short-Term Energy Outlook (STEO) released on Tuesday, the agency continues to expect crude oil prices will rise in the second half of 2024 despite recent fall in crude oil prices