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Türkiye Eyes Role as Energy Trade Hub, Turkish Energy Minister

Παρ, 2 Μαΐου 2025 - 18:48

Türkiye aims to become an energy trade hub by leveraging its renewable resources, nuclear power plants, strong transmission and distribution infrastructure, and high interconnection capacity with neighboring countries, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday

US House Votes to Bar California 2035 Electric Vehicle Plan

Παρ, 2 Μαΐου 2025 - 18:41

The U.S House of Representatives voted Thursday to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states

Romanian Oil Company OMV Petrom Sees Profits Drop 24% in Q1 of 2025

Τετ, 30 Απριλίου 2025 - 19:45

Oil and energy producer OMV Petrom, one of the largest companies in Romania, saw its profits drop 24% compared to the same period last year, reaching RON 1.1 billion (EUR 220.9 million)

Germany to Lower Gas Storage Targets to 45% for Certain Sites

Τετ, 30 Απριλίου 2025 - 19:40

Germany will halve targets for how much gas has to be stockpiled by Nov. 1 to 45% for certain types of storage facilities — including the country’s largest in Rehden

Volkswagen Reins in Margin Hopes as Tariffs Cloud Prospects

Τετ, 30 Απριλίου 2025 - 18:55

Volkswagen said on Wednesday that profit margins this year were likely to be towards the bottom of its guidance range and joined a chorus of automakers warning that U.S. trade policy was making it almost impossible to make financial predictions

North Macedonia's Nomagas, Greece's DESFA Sign Energy MoU

Τρι, 29 Απριλίου 2025 - 19:54

North Macedonia's state-owned natural gas transmission company Nomagas has signed a Memorandum of Understanding (MoU) with Greek peer DESFA to deepen their cooperation in the energy sector, further advance regional energy interconnection and strengthen security of supply, DESFA said on Tuesday

Poland, US Firms Sign Contract to Design Nuclear Power Plant

Τρι, 29 Απριλίου 2025 - 19:33

U.S. firms Westinghouse Electric and Bechtel signed a contract on Monday with Poland's state-owned Polskie Elektrownie Jadrowe (PEJ) to continue designing the country's first nuclear power plant, after an initial agreement expired at the end of March

What Caused Spain and Portugal's Sweeping Power Outage?

Τρι, 29 Απριλίου 2025 - 19:29

Power was restored in Spain and Portugal on Tuesday after lights, communications services and transport stopped working this week due to a sweeping blackout that sparked chaos for millions of people across the Iberian Peninsula. Authorities are still investigating what caused the unprecedented power outage

Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap, Sources Say

Δευ, 28 Απριλίου 2025 - 20:13

Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said

EU Sets Duties on Chinese Construction Machinery

Δευ, 28 Απριλίου 2025 - 20:11

The European Commission said on Monday it had imposed duties of up to 66.7% on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices

TerraPower Begins UK Design Assessment Process

Δευ, 28 Απριλίου 2025 - 20:07

TerraPower has formally notified UK regulators that it plans to begin the generic design approval process for its Natrium sodium-cooled fast reactor, a first step towards deploying the technology in an international market

Stolthaven Terminals and Rönesans Holding Unite to Develop New Terminal in Türkiye

Παρ, 25 Απριλίου 2025 - 18:47

Stolthaven Terminals, a part of UK-based provider of transportation and storage for liquids – Stolt-Nielsen, has partnered with Rönesans Holding, a Turkish contracting and investment company, on the development of a new terminal, located in Ceyhan, Adana, Türkiye

UK, Eni Agree to Go Ahead with Liverpool Bay Carbon Capture Project

Παρ, 25 Απριλίου 2025 - 18:41

The British government and Italian energy group Eni have reached an agreement for the launch of the Liverpool Bay carbon capture (CCS) project, they said on Thursday, opening the way to the construction phase for the initiative