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BP Posts $4.7 Billion Profit in Q121

Τρι, 27 Απριλίου 2021 - 18:21

British energy giant BP reported a profit of around $4.7 billion in the first quarter of the year, up from a loss of about $4.3 billion in the same quarter of 2020, according to its financial results statement released on Tuesday

Emirati Company to Buy Stake in Israeli Gas Field

Τρι, 27 Απριλίου 2021 - 18:18

Israeli company Delek Drilling signed a memorandum of understanding Monday for the sale of its stake in a natural gas field to Abu Dhabi’s Mubadala Petroleum

Serbia Starts Drafting National Energy and Climate Plan

Παρ, 23 Απριλίου 2021 - 19:28

The Ministry of Mining and Energy has launched a project called the Further Capacity Development for Energy Planning, which will include the drafting of a national energy and climate plan (NECP) for the 2021-2030 period, with projections until 2050

OPEC Urges Members to Lobby Against U.S. NOPEC Bill and Outline Risks

Παρ, 23 Απριλίου 2021 - 19:24

A U.S. House panel passed a bill this week to open the Organization of the Petroleum Exporting Countries to lawsuits for collusion in boosting oil prices but it is uncertain whether the full chamber will consider the legislation

No Μore Uncertainties  - Measuring Retrofit Performance Across Portfolios of Buildings

Παρ, 23 Απριλίου 2021 - 13:41

Ground breaking tool measures energy savings across portfolios of buildings, which could be used to replace inaccurate ‘deemed’ estimates of energy savings, creating a foundation for energy companies to contract for energy savings instead of fossil fuels. A next generation energy efficiency meter named eensight has been created.

Energean Targets Two Years to Transformation

Πεμ, 22 Απριλίου 2021 - 19:23

Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023

Biden Announces US Will Aim to Cut Carbon Emissions By As Much As 52% By 2030 at Virtual Climate Summit

Πεμ, 22 Απριλίου 2021 - 19:17

President Joe Biden on Thursday kicked off a virtual climate summit attended by 40 other world leaders by announcing an ambitious cut in greenhouse gas emissions as he looks to put the US back at the center of the global effort to address the climate crisis and curb carbon emissions

North Macedonia Selects Bulgaria's Solarpro, Turkey's Fortim for 100 MW Solar Park Project

Τετ, 21 Απριλίου 2021 - 19:43

North Macedonia's government said it has selected Bulgarian solar energy equipment supplier Solarpro Holding [BUL:0S8] and Turkish Fortim Energy Electric to build photovoltaic power plants of combined 100 MW at the location of an old mine in Oslomej

EnergyRussia’s Novak Says OPEC+ May Confirm or Tweak Its Plans

Τετ, 21 Απριλίου 2021 - 19:36

OPEC+ is heading for a largely technical meeting next week where major changes to policy are unlikely, Russian Deputy Prime Minister and OPEC+ sources said

Asia to Drive LNG Demand With US Leading Supply Growth

Τρι, 20 Απριλίου 2021 - 18:55

Global liquefied natural gas (LNG) demand growth is forecast to increase by 4% this year driven by the Asia Pacific region with the US set to supply the bulk of this demand, International Energy Agency (IEA) analysts told Anadolu Agency Tuesday

Mytilineos Enters Albanian Power Market, Signs EUR 21 Million Contract With OST

Τρι, 20 Απριλίου 2021 - 18:52

Greek company Mytilineos has signed a EUR 21 million contract for the development of the transmission network with Albania’s transmission system operator OST

IEA Hikes World Oil Demand Forecast as Economic Recovery Gains Pace

Τετ, 14 Απριλίου 2021 - 19:24

The International Energy Agency has sharply raised its world oil demand estimate for 2021, pointing to further signs that the global economy is recovering faster than previously expected, particularly in the US and China

European Commission: Serbia, BiH Increase Coal Power Output in 2020

Τετ, 14 Απριλίου 2021 - 19:20

While power output from coal and lignite fell by 22% in the EU last year, Serbia boosted its production by 4% in the sector and Bosnia and Herzegovina increased it by 8%, the European Commission said. The number of hours with negative power prices in 11 zones in Europe almost doubled. The phenomenon occurred in Slovenia, Croatia and Greece, among other countries