English Edition

Heatwave Pushes Electricity Prices Higher as Greece Braces for Potential Blackouts

Πεμ, 24 Ιουλίου 2025 - 09:41

HEDNO, which manages the electricity distribution network, has ramped up its readiness. Maintenance teams are on standby across the country, prepared to respond to any outages in the low- and medium-voltage networks

Iberdrola Expects No Financial Impact from Potential Blackout Claims

Πεμ, 24 Ιουλίου 2025 - 08:06

Iberdrola does not expect any financial impact from potential compensation claims in relation to the blackout that hit Spain and Portugal on April 28, Spain's biggest power utility said as it reported half-year results on Wednesday

Trump Says Japan, US to Form LNG Joint Venture

Τετ, 23 Ιουλίου 2025 - 09:41

U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed

Bankers Petroleum Raises Concerns Over Tax Probe in Albania

Τετ, 23 Ιουλίου 2025 - 09:36

Chinese-owned Bankers Petroleum Albania (BPAL) said on Tuesday it is concerned over the legality and proportionality of measures taken by Albanian authorities in an ongoing investigation into alleged tax evasion, which has led to the arrest of nine former and current executives of the company, including CEO

Bessent Says China Talks Could Include Its Russia, Iran Oil Purchases

Τρι, 22 Ιουλίου 2025 - 08:04

Treasury Secretary Scott Bessent said the next round of US-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security

Turkey Wants 'New and Vibrant' Phase for Iraq-Turkey Oil Pipeline, Official Says

Τρι, 22 Ιουλίου 2025 - 08:00

The under-utilisation of an oil pipeline between Iraq and Turkey is unfortunate and Ankara wants a "new and vibrant phase" in the matter to benefit both parties and the region, a senior Turkish official told Reuters on Monday. In a presidential decision published

Three Cities Reviving Protests Against Rio Tinto’s Lithium Project in Serbia

Δευ, 21 Ιουλίου 2025 - 08:58

Opponents of Rio Tinto’s plan to mine and process a lithium and boron ore called jadarite in western Serbia held a protest in Loznica. Representatives of local activist group Ne damo Jadar announced that such gatherings would be organized in the nearby cities

China Starts Building World's Largest Hydropower Dam in Tibet

Δευ, 21 Ιουλίου 2025 - 08:44

China's Premier Li Qiang announced construction had begun on what will be the world's largest hydropower dam, located on the eastern rim of the Tibetan Plateau and estimated to cost around $170 billion, the official Xinhua news agency said

Chevron Wins Exxon Case But Loses Time, Oil and Billions

Σαβ, 19 Ιουλίου 2025 - 18:59

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration

Greek Fleet to Keep Shipping Approved Russian Oil Despite New EU Sanctions, Sources Say

Σαβ, 19 Ιουλίου 2025 - 17:13

Greek tanker operators shipping approved Russian oil exports are expected to continue doing so despite a new wave of tougher sanctions by the European Union that will further tighten restrictions, shipping sources said on Friday

India Can Secure Oil Even If Russian Imports Sanctioned, Minister Says

Παρ, 18 Ιουλίου 2025 - 07:56

India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, Oil Minister Hardeep Singh Puri said on Thursday. Earlier this week, U.S. President Donald Trump warned that countries

Five Bid in Kosovo’s 137 Mln Euro TPP Upgrade Tender

Παρ, 18 Ιουλίου 2025 - 07:52

Five bidders presented their offers in a tender for the upgrade of unit A3 at the Kosova A thermal power plant, with a budget estimated at 137 million euro ($158.7 million), Kosovo’s energy corporation, KEK, said on Thursday

China Vows to Regulate 'Irrational' Competition in EV Industry

Πεμ, 17 Ιουλίου 2025 - 11:09

China's cabinet on Wednesday pledged to regulate what it called "irrational" competition in the country's electric vehicle industry, vowing to strengthen cost investigation and price monitoring, according to state broadcaster CCTV

Bulgaria Secures Citi to Help Finance Nuclear Expansion at Kozloduy Site

Πεμ, 17 Ιουλίου 2025 - 11:06

Bulgaria has secured a partnership with U.S. bank Citi to finance the construction of nuclear power units at Kozloduy NPP, marking the country's largest energy project in decades, its energy ministry said on Wednesday

Oilfields in Iraqi Kurdistan Attacked by Drones for Third Time This Week

Τετ, 16 Ιουλίου 2025 - 09:42

Oilfields in Iraq's Kurdistan semi-autonomous region were attacked by bomb-laden drones for a third day on Wednesday, causing two fields operated by Norway's DNO to halt production

OPEC Crude Oil Production up by 220,000 Barrels per Day in June 2025

Τετ, 16 Ιουλίου 2025 - 09:38

Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 220,000 barrels per day (bpd) in June compared to the previous month, reaching 27.23 million bpd, according to the group's latest Monthly Oil Market Report