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Shell Q2 Profit Slides to $6.3 Bln on Weaker Trading

Πεμ, 1 Αυγούστου 2024 - 15:58

Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts

BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s

Τετ, 31 Ιουλίου 2024 - 15:24

BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP's low carbon and gas division performed poorly in these results, sliding to a loss of $0.1bn

EU Corruption Probe Targets Chinese LNG Project in Cyprus

Τετ, 31 Ιουλίου 2024 - 14:51

The EU is seeking to claw back up to €100mn from the Cypriot government after a Chinese-led consortium abandoned a gas import terminal project that is now being investigated for corruption. In 2018 the Cypriot government awarded the €542mn contract for the construction of the Vasilikos liquefied natural gas terminal to a consortium comprising China Petroleum Pipeline (CPP), Hudong-Zhonghua Shipbuilding, Norway’s Wilhelmsen Ship Management and the UK’s Metron

Croatia's JANAF in Oil Storage Deal With ENI Trade & Biofules

Τρι, 30 Ιουλίου 2024 - 15:16

Croatian oil pipeline operator JANAF [ZSE:JNAF] said on Tuesday it has signed a framework oil storage contract with crude oil trader ENI Trade & Biofules, part of Italy’s oil company ENI

Totalenergies Withdraws From Offshore Gas Block in South Africa

Τρι, 30 Ιουλίου 2024 - 15:13

French energy major TotalEnergies confirmed on Monday that it will walk away from gas discoveries off the south coast of South Africa

Bosnia's Hidroelektrane na Vrbasu Net Profit Down 37% y/y in H1

Παρ, 26 Ιουλίου 2024 - 16:04

Bosnian hydro power producer Hidroelektrane na Vrbasu [BANJ:HELV-R-A] said on Friday its net profit decreased 36.8% year-on-year to 2.8 million marka ($1.6 million/1.4 million euro) in the first half of the year

Abu Dhabi’s Masdar Beats Apollo to Spanish Solar Farm Deal

Παρ, 26 Ιουλίου 2024 - 16:02

Abu Dhabi’s ambitious green energy group Masdar has outbid US asset manager Apollo to win a second major deal in Europe in as many months as the region’s cash-strapped utilities search for ways to fund their renewable projects

Global Coal Demand is Set to Remain Broadly Flat Through 2025

Τετ, 24 Ιουλίου 2024 - 15:10

Despite the rapid expansion of renewables, the huge growth of electricity demand in key economies indicates the world’s consumption of coal will stay largely stable this year and next 

Greece’s Solar-Energy Supplies to Expand With €390 Million EIB Financing for DEPA Commercial

Τετ, 24 Ιουλίου 2024 - 15:06

EIB lends Greek energy supplier DEPA Commercial a total of €390 million for new solar parks across the country. EIB financing to support the implementation of the company’s €500 million renewable energy investment plans over the next four years.  Planned photovoltaic (PV) parks to boost Greece’s renewable-energy capacity

European Gas Falls to Lowest in a Week as Freeport LNG Restarts

Τρι, 23 Ιουλίου 2024 - 16:51

European natural gas prices declined to the lowest level in a week as supply risks abated with the partial restart of the Freeport LNG plant in Texas

Energean plc: Katlan Final Investment Decision Taken

Τρι, 23 Ιουλίου 2024 - 16:48

Energean plc (LSE: ENOG, TASE: אנאג) is pleased to announce that it has taken Final Investment Decision (“FID”) for the Katlan development project in Israel

Chinese Wind Turbine-Makers Move Into Europe as Trade Tensions Flare

Δευ, 22 Ιουλίου 2024 - 15:15

Chinese wind turbine-makers this month clinched their first order in Germany, as they build momentum in the European market and add to concern in the EU industry that it faces an existential threat

Western Balkans Can Leapfrog Gas for Solar, Wind for Energy Transition: Report

Δευ, 22 Ιουλίου 2024 - 15:07

Western Balkan countries have the potential to generate four times more electricity from solar and wind projects than from gas-fired plants, saving at least €9 billion in energy costs and reducing carbon emissions, a new report by the US think tank Global Energy Monitor (GEM) revealed on Tuesday