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Montenegro's Sole TPP Goes Offline for 70 Mln Euro Overhaul

Τρι, 1 Απριλίου 2025 - 14:45

Montenegro's sole thermal power plant TE Pljevlja has gone offline for a major 70 million euro ($75.7 million) overhaul aimed at increasing the lifespan of the facility and bringing it in line with latest ecological standards, its owner, state-controlled power producer Elektroprivreda Crne Gore (EPCG), said

Serbia's NIS Names Gazprom Exec As Board Member

Δευ, 31 Μαρτίου 2025 - 12:48

Serbian oil and gas group NIS said it has appointed Gazprom executive Ignat Dirks to its board of directors

France's M&P, Spain's Repsol Say Venezuela Oil Licences Revoked by US

Δευ, 31 Μαρτίου 2025 - 12:45

French oil group Maurel et Prom said on Monday that the United States had revoked its licence to operate in Venezuela, sending its shares plunging 15% in early trade. Reuters reported on March 29 citing sources that the Trump administration had notified foreign partners of Venezuelan state oil firm PDVSA (PDVSA.UL) of the imminent cancellation of authorisations that allowed them to export Venezuelan oil and byproducts

Norway Wealth Fund Buys Stakes in Two Offshore Wind Farms from RWE

Δευ, 31 Μαρτίου 2025 - 11:01

Norway's wealth fund said on Monday it has acquired a 49% stake in two offshore wind farms under construction in Denmark and Germany from RWE for 1.4 billion euros ($1.52 billion), its first such deal with the German energy firm

China's BYD Signs Car Parts Distribution Agreement In Italy

Σαβ, 29 Μαρτίου 2025 - 17:55

Chinese electric automaker BYD said on Friday it signed a car parts distribution deal with Italian company Intergea, as part of its strategy to boost its presence in a key European market

Bulgaria to Press Ahead With Gas Grid Expansion, Minister Says

Σαβ, 29 Μαρτίου 2025 - 17:51

Bulgaria’s energy chief said the Balkan nation will begin construction on a gas grid-expansion project in the next few weeks as part of a regional effort to boost capacity after Ukraine ended Russian transit

Saudi Aramco Looks to Invest in Indian Refineries, Sources Say

Πεμ, 27 Μαρτίου 2025 - 19:35

Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market, several Indian sources with direct knowledge of the matter said

Serbia Expects Another Sanctions Waiver from US for Oil Company NIS, Official Says

Πεμ, 27 Μαρτίου 2025 - 19:31

Serbian oil company NIS, majority-owned by Russia's Gazprom Neft and Gazprom, is likely to get a last-minute, 30-day extension to its waiver from U.S. sanctions, the CEO of state gas company Srbijagas said on Thursday

Energy Assets Affected by Russia-West Standoff and Sanctions

Πεμ, 27 Μαρτίου 2025 - 19:18

The United States reached separate deals on Tuesday with Ukraine and Russia to halt attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow

SOCAR, Union Energy Agree to Explore for Gas in Israel's Exclusive Economic Zone

Τετ, 26 Μαρτίου 2025 - 10:23

The State Oil Company of Azerbaijan Republic (SOCAR) and Israeli company Union Energy have signed a memorandum of understanding on joint exploration for gas in Israel's exclusive economic zone (EEZ), Azerbaijani Economy Minister Mikayil Jabbarov said on social media. "The implementation of this agreement will facilitate the expansion of the parties' international

No EU Cooperation with Turkey on Defence as Long as it Does Not Respect the Law of the Sea, says Faradouris

Τετ, 26 Μαρτίου 2025 - 09:18

“No EU cooperation with Turkey on Defence and Security as long as it does not respect our common values, the borders of all Member States, democracy, the rule of law, human rights, international treaties and the international law of the sea”, said Nicolas Faradouris, Member of the European Parliament’s Committee on Security and Defence and Member