English Edition

Azerbaijan's SOCAR Signs Deal to Buy Refiner Italiana Petroli

Τετ, 24 Σεπτεμβρίου 2025 - 07:55

Azerbaijan's state oil company SOCAR agreed on Tuesday to buy Italiana Petroli, securing control of one of Italy's largest petrol station networks, a Reuters witness reported from the signing ceremony

OMV Chief Says Renewables Won’t Push Out Gas in EU Any Time Soon

Τρι, 23 Σεπτεμβρίου 2025 - 08:08

Europe’s economy will continue to rely on imported natural gas for decades to come as the transition to solar and wind takes longer than forecast, according to energy company OMV AG. OMV expects gas to play a key role in power generation and

EBRD to Support Solar, Storage, Wind Tenders in Jordan

Τρι, 23 Σεπτεμβρίου 2025 - 08:05

The European Bank for Reconstruction and Development (EBRD) is set to assist Jordan with three renewable energy tenders. According to an update posted on the bank’s website, Jordan’s Ministry of Energy and Mineral Resources is planning three tenders consisting

Equinor’s Latest Drilling Quest in North Sea Hydrocarbon Hunt Brings No Black Gold

Δευ, 22 Σεπτεμβρίου 2025 - 08:11

Norwegian state-owned energy giant Equinor has finished drilling a wildcat well in the North Sea with one of COSL Drilling Europe’s semi-submersible rigs. This hydrocarbon exploration did not lead to a new oil and gas discovery off the coast of Norway.

Romania Risks Blackouts If it Shuts Coal Plants as Scheduled

Δευ, 22 Σεπτεμβρίου 2025 - 08:10

Minister of Energy Bogdan Ivan claims that energy poverty or even blackouts could hit Romania if it proceeds with the closure of coal plants. Namely, the gas power projects for replacing them are suffering severe delays.The European Commission has become flexible for

Croatia's Postak Plans to Build 300 MW Wind Farm

Παρ, 19 Σεπτεμβρίου 2025 - 08:51

Croatian electricity producer Postak plans to build a wind farm with an installed capacity of 300 MW in the municipality of Gracac, in the southern Zadar county, the ministry of environmental protection and green transition said

Exxon Seeks US Political Help in Call to Quash EU Climate Law

Παρ, 19 Σεπτεμβρίου 2025 - 08:49

Exxon Mobil is stepping up attacks against a European Union corporate sustainability law and has taken its concerns directly to U.S. President Donald Trump, warning that the regulation will lead to more businesses leaving Europe

China Solar Manufacturer Longi Calls on Industry to Cut Back Low-Quality Capacity

Πεμ, 18 Σεπτεμβρίου 2025 - 08:59

The chairman of Chinese solar manufacturing giant Longi Green Energy called on Wednesday for more spot checks to combat low-quality solar manufacturing and resolve an imbalance between supply and demand. Speaking at the China New Energy International Forum and

New Major Investment Projects in Albania in Tourism, Energy and Industry

Πεμ, 18 Σεπτεμβρίου 2025 - 08:58

The Albanian Strategic Investment Committee has given the “green light” to four new projects with a total value of over 400 million euros, which concern tourism, energy and industry. In the tourism sector, the investment of “AICA Imobilare” for the

Greece’s New Fund Eyes €1 Billion Investment in Tech, Renewables

Τετ, 17 Σεπτεμβρίου 2025 - 08:12

Greece’s new innovation and infrastructure fund wants to join with private partners to carry out €1 billion ($1.2 billion) in fresh investments in the next three to four years, said the top official overseeing the state’s assets

Decline in Global Oil and Gas Field Output Accelerating, IEA Says

Τετ, 17 Σεπτεμβρίου 2025 - 08:11

The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources, the International Energy Agency said on Tuesday, meaning companies need to invest more just to keep output flat

China Renewable Auction Signals Challenges for Solar Developers

Τρι, 16 Σεπτεμβρίου 2025 - 07:58

Solar power prices in China's first provincial auction under its new renewable pricing mechanism were so low they could discourage new project investments there, analysts said. Last week's auction in Shandong province, seen as a bellwether for nationwide auctions, signals that

Azeri State Oil Firm Socar Set to Buy Italian Refiner

Τρι, 16 Σεπτεμβρίου 2025 - 07:54

Azerbaijan’s state oil company Socar is close to signing a deal to buy privately-held Italian refiner Italiana Petroli, Reuters reported on Monday, citing sources.The Brachetti-Peretti family, owners of Italiana Petroli, which controls one of Italy’s biggest gasoline station networks, have