Croatia Aims for Role as Eastern Europe’s ‘Energy Gateway’

Croatia Aims for Role as Eastern Europe’s ‘Energy Gateway’

The war in Ukraine exposed the EU’s dependence on Russian fossil fuels, but an oil pipeline conceived as a Yugoslav rival to Soviet infrastructure could help Croatia emerge as a winner from Europe’s energy crisis

EuroAsia Interconnector Ready for Construction, ‘Historic Day’, President Says

EuroAsia Interconnector Ready for Construction, ‘Historic Day’, President Says

A project which will connect the Cypriot, Greek and Israeli power grids through the world’s longest submarine power cable which will total over 1,200 kilometres with a 2,000 Megawatt capability that will allow Cyprus to have an excess of renewable energy that could be exported or exchanged, was inaugurated on Friday night

MYTILINEOS’ Chairman & CEO Evangelos Mytilineos Εlected Νew President of Eurometaux

MYTILINEOS’ Chairman & CEO Evangelos Mytilineos Εlected Νew President of Eurometaux

Evangelos Mytilineos, CEO of Greek aluminium and energy company MYTILINEOS, was elected President of Eurometaux (Europe’s metals association) at the association’s General Assembly. He succeeds Mikael Staffas, CEO of Boliden, who has held this post since October 2018. Guy Thiran, Eurometaux’s Director General, commented: “I am thrilled to welcome Evangelos Mytilineos as our new President. His rich experience in the aluminium and energy sectors

IEA Says Opec+ Move Disruptive, Slashes Demand Outlook

IEA Says Opec+ Move Disruptive, Slashes Demand Outlook

The IEA today labelled the Opec+ group's recent decision to cut its supply quotas as a "disruptive market force", and said this, along with a "relentless deterioration" in the economy, are behind sharp downgrades to its forecasts for global oil demand growth

Mavi Deniz Delivers Amphibex to Bulgaria

Mavi Deniz Delivers Amphibex to Bulgaria

Mavi Deniz, an Istanbul based company involved in oil spill response, weed and silt removal, dredging and ship building, has delivered an Amphibex amphibious machine to Bulgaria – with support of European Union Funding

Germanys Scholz Urges Unity to Ease Winter Energy Pain

Germany's Scholz Urges Unity to Ease Winter Energy Pain

Germany can weather a winter energy shortage caused by Russia's invasion of Ukraine provided companies and households pull together, the German chancellor said on Tuesday before European Union ministers meet again on the energy crisis

HRADF: Declaration of Preferred Investor for the acquisition of a majority shareholding of 67% in the share capital of Igoumenitsa Port Authority

HRADF: Declaration of Preferred Investor for the acquisition of a majority shareholding of 67% in the share capital of Igoumenitsa Port Authority

The Board of Directors of HRADF, a member of the GROWTHFUND – The National Fund of Greece, convened today and concluded the process of improved financial offers for the acquisition of a majority shareholding of 67% in the share capital of the Igoumenitsa Port Authority (I.P.A. S.A.) The Board of Directors of HRADF decided to declare

EUs von der Leyen Pitches Temporary Gas Price Caps to EU Leaders - Letter

EU's von der Leyen Pitches Temporary Gas Price Caps to EU Leaders - Letter

The European Union should consider imposing a temporary limit on gas prices and also look at a specific cap on the cost of gas used to generate power, European Commission President Ursula von der Leyen said in a letter sent to EU country leaders on Wednesday

Hermes Well Results and Next Drilling Targets

Hermes Well Results and Next Drilling Targets

Energean plc is pleased to announce that the Hermes exploration well has made a commercial gas discovery of between 7 and 15 bcm and that the Stena IceMax drilling rig has moved to block 12 to drill the Zeus structure. The Hermes exploration well, block 31, offshore Israel, has made a commercial discovery. Preliminary estimates