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Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say

Τετ, 23 Ιουνίου 2021 - 19:42

Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters

SUNLIGHT - Financial Results for the 2020: Positive Financial Performance In Full Implementation Mode the Corporate Transformation and the Investment Plan

Τετ, 23 Ιουνίου 2021 - 19:38

SUNLIGHT, a member of Olympia Group, posted a strong financial performance along the unprecedented recession cycle of year 2020, demonstrating that the strategic repositioning of the company creates new very promising prospects. SUNLIGHT has continued the digitization of its production process (Industry 4.0) and further implemented its investment initiatives, confirming its position as one of the largest energy storage application companies in the world that contributes to the transition of Greece and Europe into the era of electric mobility and green energy. The Company created a new research center for the development of technologically advanced solutions based on lithium, established the subsidiary SUNLIGHT BATTERIES USA Inc. and further strengthened its presence in the Italian and European markets

Fitch Raises Oil Forecast to Reflect Higher Prices, Demand Recovery

Πεμ, 17 Ιουνίου 2021 - 17:29

Brent oil price for 2021 is revised up to average $63 a barrel from $58 a barrel

Greece’s 680 MW Pumped Storage Project Seeks Investors

Πεμ, 17 Ιουνίου 2021 - 17:25

Developer Terna Energy claims the Amphilochia pumped hydroelectric energy storage project has entered the final stretch. If built, the large scale facility can boost Greece’s independence from fossil fuels and the government’s strategy for a coal-free electricity system by 2025

US Judge Blocks Biden Pause on Oil, Gas Leasing

Τετ, 16 Ιουνίου 2021 - 18:33

US district court judge Terry Doughty today signed a preliminary injunction that aims to prohibit the US Interior Department from implementing the oil and gas leasing pause, which Biden requested through an executive order signed on 27 January. Doughty agreed with a group of Republican-led states that brought a lawsuit arguing the administration went too far with its unilateral pause on leasing

Germany's KfW to Lend Albania 100 Mln Euro To Back Reform in Energy Sector

Τετ, 16 Ιουνίου 2021 - 18:20

Albania’s economy ministry said it signed a 100 million euro ($121.2 million) loan agreement with Germany's state-owned government development bank (KfW) to support a reform in the energy sector

Green Hydrogen Could Be New Player in Turkey’s Exports to Europe

Τρι, 15 Ιουνίου 2021 - 19:58

Europe is driving force in creating create window of opportunity for potential export of Turkey's green hydrogen output

Equinor Delays Restart of Brazil Oil Field to 2022

Τρι, 15 Ιουνίου 2021 - 19:55

Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interruption at the company's only operated producing asset in Brazil

Serbian Government Adopts Negotiating Position for Chapter 15 – Energy

Πεμ, 10 Ιουνίου 2021 - 20:20

The Government of Serbia has adopted the negotiating position for chapter 15 – energy. The document is part of the preparation for the intergovernmental conference on the country’s accession to the European Union

OPEC Sees Strong Oil Demand Recovery This Autumn

Πεμ, 10 Ιουνίου 2021 - 20:15

Global oil demand will rise by 6 million barrels per day (bpd) this year from the lows of 2020, led by strong consumption in China and the United States, especially in the second half of 2021 with growing economies and border reopenings, OPEC said on Thursday