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PM Mitsotakis: Greece Expanding its Territorial Sea in the West from 6 to 12 Nautical Miles

Πεμ, 27 Αυγούστου 2020 - 18:02

Greece is expanding its territorial sea in the Ionian Sea from 6 to 12 nautical miles, "exercising an indisputable sovereign right it has, according to Article 3 of the International Law of the Sea," Prime Minister Kyriakos Mitsotakis said on Wednesday

US Jet Fuel Demand Falls by 29% in Jan-May 2020

Πεμ, 27 Αυγούστου 2020 - 17:56

Total US jet fuel consumption of commercial passenger flights was lower by an average of 29% during the first five months of 2020 relative to the same time last year, the country's Energy Information Administration (EIA) said in a statement Thursday citing data from aviation company Cirium

Global Green Hydrogen Project Pipeline Reaches 50 GW

Τετ, 26 Αυγούστου 2020 - 19:27

The Institute for Energy Economics and Financial Analysis (IEEFA) estimates there are 50 green hydrogen projects under development worldwide. Those projects, have a planned annual production capacity of 4 million tons of hydrogen and a total renewable power capacity of 50 GW, according to the Ohio-based thinktank, with their combined capital cost estimated at $75 billion

Alexandroupolis LNG Terminal Reduces Greece’s Energy Dependence on Turkey

Τετ, 26 Αυγούστου 2020 - 19:23

Greece and Bulgaria sought to reduce their reliance on Russian gas with the signing Monday of an agreement that will allow Bulgaria to participate in a planned liquefied natural gas terminal in northeastern Greece

Karish Development: First Topsides Lift in Singapore and Installation of the Energean Power FPSO Suction Anchors at the Karish Field Completed

Τετ, 26 Αυγούστου 2020 - 12:39

Energean plc the gas producer focused on the Mediterranean, is pleased to announce two important developments in the Karish Development Project. In Singapore, the first topsides module lift on to the Energean Power FPSO hull has been safely and successfully completed at Sembcorp Marine’s Admiralty Yard, Singapore.

Romania's Hidroelectrica H1 Net Profit Falls 11% Y/Y

Πεμ, 20 Αυγούστου 2020 - 16:03

Romanian majority state-owned hydro power producer Hidroelectrica said on Thursday that its net profit fell by an annual 11% to 806 million lei ($197 million/167 million euro) in the first half of 2020

BP, Neste to Offer More Sustainable Aviation Fuel

Πεμ, 20 Αυγούστου 2020 - 15:58

British energy giant BP and Finnish energy company Neste signed an ‎agreement aimed at raising the amount of sustainable aviation fuel (SAF) supplied to airport customers five-fold for ‎‎2020 and 2021

OPEC+ Calls for Vigilance to Support Fragile Oil Market

Πεμ, 20 Αυγούστου 2020 - 15:55

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations on Thursday called for vigilance by all participating countries underscoring the fragility of the market and significant uncertainties, particularly associated with oil demand

Turkey's Daily Power Consumption up 1.8% on Aug. 19

Πεμ, 20 Αυγούστου 2020 - 15:52

Turkey's daily electricity consumption increased on Wednesday by 1.8% compared to the previous day to reach 937,995 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Thursday

US Supports Cyprus, Wants Closer East Med Gas Cooperation

Τρι, 18 Αυγούστου 2020 - 11:54

The US wants tighter cooperation on developing gas finds in the "strategically significant" eastern Mediterranean and supports Cyprus' right to exploit hydrocarbon deposits discovered in its waters, a senior US State Department official said Sunday

Iran Commends OPEC's Performance for Oil Market Balance

Τρι, 18 Αυγούστου 2020 - 11:51

Iran's oil minister lauded the Organization of Petroleum Exporting Countries (OPEC) for its performance in attempting to raise and stabilize oil prices on the global oil market, according to Iranian oil ministry's news outlet Shana

Offshore Wind Sector to Create Nearly 1M Jobs in 5 Years

Δευ, 17 Αυγούστου 2020 - 16:47

Around 900,000 jobs in offshore wind sector could be created over the next five years if nearly 51 gigawatts (GW) of new offshore wind capacity were installed worldwide by 2024, the Global Wind Energy Council (GWEC) said in recent report.

Romania's Romgaz Posts 18% Annual Drop in H1 Net Profit

Δευ, 17 Αυγούστου 2020 - 16:44

Romanian natural gas producer Romgaz [BSE:SNG] said on Friday that its first-half net profit fell 17.9% year-on-year to 800.8 million lei ($195 million/166 million euro)

Serbia's NIS Turns to H1 Net Loss of 8.9 Bln Dinars (76 Mln Euro)

Πεμ, 30 Ιουλίου 2020 - 18:43

Serbian oil and gas group NIS [BEL:NIIS] turned to a net loss of 8.97 billion dinars ($90 million/76 million euro) in the first half of 2020 from a 3.89 billion dinars net profit in the like period of last year, as a result of the coronavirus crisis, it said on Wednesday

Conocophillips Posts Worse Loss Than Feared on Oil Price Plunge, Shares Fall

Πεμ, 30 Ιουλίου 2020 - 18:08

ConocoPhillips reported a wider-than-expected loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel and crushed crude prices, sending shares of the world’s largest independent oil and gas producer down nearly 9%

Oil Prices Gain on Sharp U.S. Crude Inventory Drop

Τετ, 29 Ιουλίου 2020 - 18:47

Oil prices edged up on Wednesday after a steep drop in U.S. crude inventories, but another record day for COVID-19 cases worldwide kept gains in check