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Stepping up for Residential Customers: Eurelectric’s 5 Commitments to Support Them in the Energy Transition

Τετ, 4 Ιουνίου 2025 - 16:07

European electricity suppliers unveiled five commitments to support residential customers on their energy transition journey

About 20 Thousand Employees of the Volkswagen Carmaker Agree to be Fired

Τετ, 4 Ιουνίου 2025 - 08:04

About 20,000 employees of the German carmaker Volkswagen (VW) have already agreed to early dismissal, Azernews reports

Russia Abandons Turkish Gas Hub Plan as Hopes of Reentering European Market Fade

Τετ, 4 Ιουνίου 2025 - 08:00

Gazprom has shelved its plans to establish a major gas distribution hub in Turkey according to Bloomberg, effectively closing a potential route back into the European energy market, according to sources familiar with the matter

Eurelectric: Electrification Key to Boost Industrial Competitiveness, New Study Shows

Τρι, 3 Ιουνίου 2025 - 17:13

Electrification can help restore competitiveness, cut fossil fuel dependence and unlock economic benefits for European industry, according to a new study commissioned by Eurelectric. While electricity already outcompetes fossil fuels in some sectors, electrifying energy-intensive operations could become cost-competitive by 2030 – with the help of financial support, long-term contracts, and expanded Carbon Contracts for Difference (CCfDs)

Norway Takes Drone Inspections of Offshore Oil Platform to a New Level

Τρι, 3 Ιουνίου 2025 - 08:30

A major Norwegian oil field is taking the industry’s use of drones for safety inspections to a new level, with a permanently installed aircraft that’s operated remotely from the shore

Energean Optimizes Offshore Concessions in Egypt, Targets Expansion in Nile Delta in 2025

Τρι, 3 Ιουνίου 2025 - 08:21

International hydrocarbon exploration and production company Energean is planning to optimize its offshore concessions in Egypt while exploring new areas in the Nile Delta Region, according to the company’s operational updates and performance results for the first quarter of 2025 (Q1 2025), ending March 31

The New Presidency of the European Electricity Industry Sets Out Their Vision to Drive Europe’s Clean, Competitive and Secure Future

Δευ, 2 Ιουνίου 2025 - 18:10

Today, Markus Rauramo - CEO of Fortum - takes the reigns as President of Eurelectric, the trade association representing the European electricity industry in Brussels. He is joined by Vice-Presidents Catherine MacGregor - CEO of Engie - and Georgios Stassis – Chairman and CEO of PPC

Goldman Sachs Sees OPEC+ Raising Oil Output by 0.41 mb/d in August

Δευ, 2 Ιουνίου 2025 - 10:48

Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday

Russia Boosts Oil Supplies to Syria, Data Shows

Δευ, 2 Ιουνίου 2025 - 10:46

Russia has increased supplies of its oil from the Arctic to Syria, which needs the feedstock for its refineries, according to shipping data cited by an industry source and LSEG data

Russia's Gazprom Says Q1 Net Profit Edges up to $8.4 Billion

Παρ, 30 Μαΐου 2025 - 17:14

Russian energy giant Gazprom's first-quarter net income edged up around 1% compared with the same period last year to 660.4 billion roubles ($8.4 billion), with sales and the rouble exchange rate also up, the company said on Friday

Major Branch of Vertical Corridor for Natural Gas is Inaugurated in Bulgaria; Papastavrou Attends

Παρ, 30 Μαΐου 2025 - 15:03

The construction of a major branch of the Bulgarian network of natural gas distribution in the context of the Vertical Corridor was inaugurated on Thursday by Bulgarian Prime Minister Rosen Zhelyazkov, Greek Environment & Energy Minister Stavros Papastavrou, and Bulgarian Energy Minister Zhecho Stankov in Kresna