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Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

Παρ, 23 Μαΐου 2025 - 20:12

Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields

Bulgaria Launches EU's Largest Battery Storage System

Παρ, 23 Μαΐου 2025 - 20:08

Bulgaria inaugurated a 124 MW/496.2 MWh battery energy storage system (BESS), the EU's largest, in the north-central city of Lovech, the municipal government said. The project represents an investment of 147 million levs ($85 million/75.2 million euro) by Sofia-based renewable energy company Advance Green Energy, state news agency BTA reported

Global LNG Exports Rise 3.1% in 1st Quarter on Soaring EU Demand

Πεμ, 22 Μαΐου 2025 - 20:28

Global liquefied natural gas (LNG) exports increased by 3.1% year-on-year in the first quarter of 2025, reaching approximately 109.3 million tons, according to a report from the Organization of Arab Petroleum Exporting Countries (OAPEC)

Renewables in Spain: TotalEnergies Inaugurates its Largest Solar Field in Europe

Πεμ, 22 Μαΐου 2025 - 20:21

TotalEnergies inaugurates 263 MW of solar projects in Spain near Sevilla. This solar field is TotalEnergies’ largest in Europe. It is producing renewable electricity for over 150,000 Spanish households

Russia's Gazprom Neft Q1 Net Profit Falls 42% y/y to $1.2 bln

Τετ, 21 Μαΐου 2025 - 20:23

Gazprom Neft, the oil arm of Russian energy giant Gazprom, said on Wednesday its first-quarter net profit dropped 42% to 92.6 billion roubles ($1.2 billion), hurt by declining sales and foreign exchange-related losses

Turkey Announces Major Shale Oil Reserve Discovery

Τετ, 21 Μαΐου 2025 - 20:22

Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkey’s southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said

Global Steel Sector Lagging on Green Transition as Coal-Powered Production Rises, Research Shows

Τρι, 20 Μαΐου 2025 - 15:02

As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030

EBRD Backing VGP’s Investments in Croatia, Romania, Serbia

Τρι, 20 Μαΐου 2025 - 14:45

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it has successfully subscribed to a 76 million euro ($85 million) ticket as part of the existing green bond programme of VGP, a pan-European provider of logistics and semi-industrial real estate to back its expansion in central and southeastern Europe

US Lifts Ban on New York Offshore Wind Project After Gas Compromise

Τρι, 20 Μαΐου 2025 - 14:39

The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that could also see cancelled plans for a gas pipeline revived, officials said on Tuesday

The Eel Trap of Globalization: The West’s Uphill Battle to Reclaim Critical Mineral Supply Chains

Δευ, 19 Μαΐου 2025 - 10:05

The global landscape of critical minerals has undergone significant shifts over the past few decades. Initially, Western nations held the upper hand in exploring, extracting, and processing these valuable resources.

Chevron Reaffirms Strategic Interest in Greek Hydrocarbons

Δευ, 19 Μαΐου 2025 - 08:15

Chevron has reaffirmed its growing strategic interest in Greece’s hydrocarbon potential, as Greek Minister of Environment and Energy Stavros Papastavrou met with senior executives from the U.S. energy giant at the company’s headquarters in Houston last Thursday.