Oil Majors Accelerate Energy Transition Policies: Fitch

Oil Majors Accelerate Energy Transition Policies: Fitch

Large oil and gas (O&G) companies are tightening emission targets and speeding up transformation plans, with European majors leading the way but US peers are catching up, Fitch Ratings said on Thursday

Paris Climate Deal Unfair to Turkey: OECD Envoy

Paris Climate Deal Unfair to Turkey: OECD Envoy

Turkey has long been treated unfairly under the Paris Climate Agreement, according to the country's permanent representative to the Organization for Economic Co-operation and Development (OECD)

TITAN Cement Group Further Accelerates its Sustainability Efforts With Ambitious ESG Targets for 2025 and Beyond

TITAN Cement Group Further Accelerates its Sustainability Efforts With Ambitious ESG Targets for 2025 and Beyond

TITAN Cement Group, underscoring its enduring commitment to sustainability and value creation for all, released its Environmental, Social and Governance (ESG) targets for 2025 and beyond. The targets include  an updated, more ambitious, CO2 reduction goal for 2030, aligned with the vision of the European Green Deal to achieve climate neutrality by 2050.

Italy Court Acquits Eni and Shell in Nigerian Corruption Case

Italy Court Acquits Eni and Shell in Nigerian Corruption Case

A Milan court on Wednesday acquitted energy companies Eni and Royal Dutch Shell along with a series of past and present managers including Eni Chief Executive Claudio Descalzi in the oil industry’s biggest corruption scandal

Energy and Climate Leaders from US, China, EU, India and Other Key Economies to Boost Clean Energy Momentum at IEA-COP26 Net Zero Summit

Energy and Climate Leaders from US, China, EU, India and Other Key Economies to Boost Clean Energy Momentum at IEA-COP26 Net Zero Summit

Top international energy and climate leaders from the world’s largest economies will take part in the IEA-COP26 Net Zero Summit on 31 March to accelerate the momentum behind clean energy and examine how countries can work together more effectively to reduce their greenhouse gas emissions to net zero in line with shared international goals

Shell CEO Takes Large Pay Cut After Bruising 2020

Shell CEO Takes Large Pay Cut After Bruising 2020

Royal Dutch Shell Chief Executive Ben van Beurden’s pay package dropped by 42% to $7 million in 2020, a year in which the coronavirus pandemic pushed the energy company to a historic dividend cut following a collapse in profits

IGI Poseidon and INGL Signed an Agreement  to Strength the Development of the Eastmed Gas Pipeline Project

IGI Poseidon and INGL Signed an Agreement to Strength the Development of the Eastmed Gas Pipeline Project

IGI Poseidon S.A., and the Israel Natural Gas Lines Company signed on March 8th an Addendum to the 2019 Memorandum of Understanding in favor of a coordinated development of the EastMed Pipeline in Israel. The agreement aims to connect the Project to the Israeli transmission system and to facilitate the flow of natural gas from sources in the East Mediterranean area to Italy and Europe, via Cyprus. The Parties will jointly cooperate to promote, plan and license the facilities required in Israel by the Project

Greece’s DESFA Τakes FID to Βuild Revithoussa Small-Scale LNG Jetty

Greece’s DESFA Τakes FID to Βuild Revithoussa Small-Scale LNG Jetty

Greece’s DESFA has recently taken a final investment decision to build a small-scale jetty at its LNG import terminal located on the island of Revithoussa, boosting bunkering opportunities in the region. The project has a price tag of about 20.4 million euros ($24.6 million) and the Greek gas grid and LNG terminal operator expects to launch the new jetty in September next year, according to its development plan.

Gas to Show Strongest Growth Among Fossil Fuels by 2035

Gas to Show Strongest Growth Among Fossil Fuels by 2035

Natural gas is set to see the strongest demand growth among fossil fuels at 15% in the coming 15 years driven by increasing energy demand in emerging economies and the expanding use of liquefied natural gas (LNG) in more countries, Alessandro Agosta, partner at global management consulting firm, McKinsey & Company, told Anadolu Agency in an exclusive interview

Algerian LNG Vessel Arrives in Turkey

Algerian LNG Vessel Arrives in Turkey

 Algerian energy company Hyproc Shipping's LNG carrier, Lalla Fatma N'Soumer, reached Turkey on Saturday, according to ship tracking data

Clean Energy: Bulgaria Between Two Difficult Choices

Clean Energy: Bulgaria Between Two Difficult Choices

Decarbonisation process in Bulgaria has got stuck between two equally difficult choices – on the one hand, the agreed obligations to the EU for an ambitious energy transition by 2030 and 2050, and on the other, the slow democratisation and entry of renewable energy technology and energy efficiency