English Edition

US Officially Rejoins the Paris Climate Accord

Παρ, 19 Φεβρουαρίου 2021 - 19:52

The United States officially rejoined the landmark international accord to limit global warming known as the Paris Agreement on Friday

Egypt, Schlumberger Digitalize Country’s Subsurface Data

Παρ, 19 Φεβρουαρίου 2021 - 19:47

The Egyptian Ministry of Petroleum and Schlumberger have launched a national project for the digitalization of Egypt’s subsurface data, the Ministry and Schlumberger announced this week

US to Continue Help Reduce Dependence on Russian Gas, US Ambassador to Greece Says

Πεμ, 18 Φεβρουαρίου 2021 - 16:58

US Ambassador to Greece Geoffrey Pyatt during the Athens Energy Dialogues forum has stated that his country will continue to support major infrastructure projects that will help Europe reduce dependence on Russian gas. Statements by the head of the diplomatic mission were published by the embassy’s press service on its website on Wednesday

EU Needs to Change Course to Cut Emissions 55% by 2030

Πεμ, 18 Φεβρουαρίου 2021 - 16:53

Europe needs to change its course dramatically to be able to reach its 55% emissions reduction target by 2030 over 1990 levels, according to a new report from Wood Mackenzie on Tuesday

OPEC Chief Optimistic About 2021 Recovery But Uncertainty Remains

Τετ, 17 Φεβρουαρίου 2021 - 16:20

OPEC’s secretary general said on Wednesday there were grounds for optimism that 2021 would be a year of recovery after the slump in oil prices and demand caused by the pandemic

Resavica Coal Mines Never Break Even Despite Massive Subsidies

Τετ, 17 Φεβρουαρίου 2021 - 16:15

The energy transition implies a massive uptake of renewables and abandoning coal alongside a just transition for those affected. It triggers tectonic changes but also offers an opportunity. Serbia’s underground coal mining public utility Resavica is a case in point. It receives EUR 40 million in state aid every year, but regularly ends up reporting a loss

Expensive Carbon Emissions Will Not Affect the Price of Electricity in Bulgaria for Now

Τρι, 16 Φεβρουαρίου 2021 - 16:53

In recent months, the price of carbon dioxide (CO2) emissions has increased significantly and is already above the forecast of the Bulgarian Energy and Water Regulatory Commission (EWRC), according to a published report

Aral Accelerates Ultra-Fast Charging Expansion

Τρι, 16 Φεβρουαρίου 2021 - 16:48

Aral, bp’s market leading fuel retail brand in Germany, is expanding its ‎charging network of ultra-fast electric charging stations ‎–‎ operating under its new name ‘Aral pulse’ ‎–‎ ‎significantly faster than planned. By the end of the year, Aral pulse will have 500 ultra-fast charging ‎points with a charging capacity of up to 350 kW in operation at more than 120 Aral filling stations

Turkey to Use First Gas from Black Sea in Q1, 2023

Παρ, 12 Φεβρουαρίου 2021 - 16:39

Turkey will start using gas from the Sakarya Gas Field in the Black Sea in the first quarter of 2023, government sources told Anadolu Agency on Thursday

Rosneft Stake Becomes Headache For Oil Major BP

Παρ, 12 Φεβρουαρίου 2021 - 16:37

While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in which the UK supermajor holds 20 percent—was preparing to launch an ambitious multi-billion-dollar onshore oil project in Russia’s Arctic

Serbia Inks EUR 3.2 Billion Deal With China’s CRBC for Wastewater Projects, Landfills

Πεμ, 11 Φεβρουαρίου 2021 - 14:32

CRBC agreed to design and build dozens of local wastewater treatment and network systems in Serbia and rehabilitate or build six regional landfills in the country. The contracts are worth EUR 3.2 billion

Petrostates Could Face $9T Revenue Gap in 20 Years

Πεμ, 11 Φεβρουαρίου 2021 - 14:30

A total of 40 oil and gas-producing countries could face a shortfall of $9 trillion in government revenues over the next 20 years, as demand falls in line with the tightening global climate policy and technological advances, a new report from Carbon Tracker said Thursday

Bulgartransgaz Seeks 155 Mln Euro Working Capital, Investment Loan

Τετ, 10 Φεβρουαρίου 2021 - 19:41

Bulgaria's gas transmission system operator Bulgartransgaz is seeking loan financing of up to 155 million euro ($187.4 million) with a repayment term of 6 years, in order to cover its working capital needs and finance investment, it said on Tuesday