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Natural Gas Prices Rise in Europe as Gazprom Cuts Italy Supply by 15%

Natural Gas Prices Rise in Europe as Gazprom Cuts Italy Supply by 15%

Τετ, 15 Ιουνίου 2022 - 19:26

The price of natural gas per megawatt-hour in Europe increased by more than 10% on Wednesday after Russian energy company Gazprom warned that natural gas shipments through the Nord Stream pipeline could reduce by 40% due to technical problems

EU Ban on Russian Oil to Have Limited Impact on Global Oil Market: Experts

EU Ban on Russian Oil to Have Limited Impact on Global Oil Market: Experts

Παρ, 10 Ιουνίου 2022 - 16:46

The European countries have finally agreed on banning the Russian oil exports as a reaction to the Russia-Ukraine war, however, it is widely believed that the EU can easily replace lost Russian oil although the practical impact of the measure may not be as successful as the bloc hopes

Energy Crisis Could be Turning Point for Policy Making: IEA Head

Energy Crisis Could be Turning Point for Policy Making: IEA Head

Πεμ, 9 Ιουνίου 2022 - 19:19

International Energy Agency's (IEA) head, Fatih Birol, said that the world is going through the first global energy crisis but despite the challenges, the crisis may well be a turning point in energy policy making for the next years to come with the energy efficiency at the heart of the policies

UK Launches Floating Offshore Wind Task Force

UK Launches Floating Offshore Wind Task Force

Τρι, 7 Ιουνίου 2022 - 18:42

The UK is launching a Floating Offshore Wind Task Force to seize world leadership in innovative technology, RenewableUK, renewable energy trade association, announced on Tuesday

Karish Update –Energean FPSO Arrival In Israel

Karish Update –Energean FPSO Arrival In Israel

Δευ, 6 Ιουνίου 2022 - 11:15

Energean plc is pleased to announce that the Energean Power FPSO has arrived on location in Israel. The FPSO was transported by two tugs from Sembcorp Marine’s Admiralty Yard in Singapore to Israel. The 5,532 nautical mile-long journey took 35 days, crossing six seas and passing through the Suez Canal. Energean will immediately commence

OPEC+ Speeds Up Production Plan - Group to Increase Output By 648,000 Barrels in July

OPEC+ Speeds Up Production Plan - Group to Increase Output By 648,000 Barrels in July

Παρ, 3 Ιουνίου 2022 - 18:55

The world's biggest oil producers agreed Thursday to lift output by 648,000 barrels per day (bpd) in July. At the 29th ministerial meeting via videoconference, the 23-member group of the Organization of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, highlighted 'the importance of stable and balanced markets for both crude oil and refined products'

Russian Oil: EU Agrees Compromise Deal On Banning Imports

Russian Oil: EU Agrees Compromise Deal On Banning Imports

Τρι, 31 Μαΐου 2022 - 18:58

EU leaders say they will block most Russian oil imports by the end of 2022 to punish Moscow for invading Ukraine. The EU-wide ban will affect oil that arrives by sea - around two-thirds of imports - but not pipeline oil, following opposition from Hungary

Croatia Developing 66 Mln Euro Underground Gas Storage

Croatia Developing 66 Mln Euro Underground Gas Storage

Πεμ, 26 Μαΐου 2022 - 20:29

Croatia's gas storage capacity manager Podzemno Skladiste Plina (PSP) is developing a 500 million kuna ($71 million/66 million euro) underground gas storage facility project in Grubisno Polje, which is expected to be completed by 2027, the economy ministry said