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Shell to Use New AI Technology in Deep Sea Oil Exploration

Τετ, 17 Μαΐου 2023 - 19:42

Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday

Lower Oil Prices Push Saudi Oil Giant Aramco's First Quarter Profit Down 19%

Τρι, 9 Μαΐου 2023 - 14:10

Saudi oil giant Aramco's first quarter net profit dropped 19% from a year earlier to 119.54 billion riyals ($31.88 billion), it said on Tuesday, due to lower crude prices

Kosovo A Thermal Power Plant 140 MW Unit Resumes Production After One Year Halt

Τρι, 9 Μαΐου 2023 - 14:08

The 140 megawatt A-5 unit of Kosovo's largest thermal power plant, Kosovo-A, resumed operations after being idle for nearly a year, the Kosovo Energy Corporation (KEK) said

Croatia’s Rimac to Tap Stationary Energy Storage Systems Market

Πεμ, 4 Μαΐου 2023 - 20:00

Croatia’s Rimac Group said on Thursday that its fully-owned subsidiary Rimac Technology has a launched a new brand, Rimac Energy, leveraging its expertise in making electric vehicle technology to create stationary energy storage systems (ESS)

Shell Posts $10 Billion Profit as Trading Offset Lower Energy Prices

Πεμ, 4 Μαΐου 2023 - 16:11

Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices

North Sea Countries to Pledge Massive Ramp Up of Wind Energy - Draft

Παρ, 21 Απριλίου 2023 - 19:40

Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power

Romania, Bulgaria Highly Vulnerable to Decarbonisation Transition Risks - Fitch

Παρ, 21 Απριλίου 2023 - 19:37

Romania, Bulgaria and Poland have the highest decarbonisation transition risks in Central and Eastern Europe (CEE), an analysis by global rating agency Fitch Ratings shows

Albania to Issue Call for 300 MW Solar Power Auction by June

Πεμ, 20 Απριλίου 2023 - 19:47

In the first of the forthcoming three solar power auctions, Albania is offering power purchase agreements and contracts for difference for 300 MW in total capacity. The call is planned to be issued by June

China May Cut Oil Products Export Quotas in Second Batch for 2023

Πεμ, 20 Απριλίου 2023 - 19:43

China may cut quotas for refined oil products exports in a second batch for 2023 as domestic demand improves while the need to boost its economy through oil products abates, a Reuters survey showed

India and China Snap up Russian Oil in April Above 'Price Cap'

Τρι, 18 Απριλίου 2023 - 18:55

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations

OMV Petrom's Q1 Hydrocarbon Output Drops 4.1% Y/Y

Τρι, 18 Απριλίου 2023 - 16:49

Romania's top oil and gas group OMV Petrom [BSE:SNP] said that its hydrocarbon production dropped by an annual 4.1% to 116,300 barrels of oil equivalent (boe) per day in the first quarter of 2023

Bosnia's Federation Govt Approves 12.53% Cut in Wholesale Gas Price

Τρι, 11 Απριλίου 2023 - 19:06

The government of Bosnia and Herzegovina's Federation said it approved a decrease of 12.53% in the wholesale gas price in the entity, its second price cut this year

Britain's Harbour Energy, BP to Develop Viking CCS Project

Τρι, 11 Απριλίου 2023 - 18:49

Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with BP to develop the Viking CCS transportation and storage project

BSOG and its Partners Seek to Amend Romania's "Solidarity Contribution" in Court

Πεμ, 6 Απριλίου 2023 - 18:34

Black Sea Oil & Gas (BSOG) and its partners in the Midia offshore natural gas perimeter in the Black Sea, where gas production started last summer, have challenged in court the 60% solidarity contribution enacted by the Government on December 31 last year, Profit.ro reported

Oil Bosses Join Baghdad Talks in Sign of Iraq-Kurdistan Progress

Πεμ, 6 Απριλίου 2023 - 18:31

When Iraqi and Kurdish officials met in Baghdad this week over a long-running dispute that has halted oil exports from Iraq's semi-autonomous region of Kurdistan, insiders said the presence of international executives underscored a new resolve

Türkiye on Track to Complete First Nuclear Power Plant This Year

Τρι, 4 Απριλίου 2023 - 15:07

The plant's first unit is scheduled to begin operations this year, when the nation will commemorate the 100th anniversary of the republic. The remaining three units will be operational at a rate of one per year by the end of 2026