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All Hydro- and Thermal Power Plant in Bulgaria Activated to Compensate for Turned off Reactor of Kozloduy NPP

All Hydro- and Thermal Power Plant in Bulgaria Activated to Compensate for Turned off Reactor of Kozloduy NPP

Παρ, 22 Ιανουαρίου 2021 - 20:01

The Bulgarian Electricity System Operator (ESO) has activated the replacement capacities of all thermal and hydro power plants in the country to compensate for the generation following the automatic shutdown of Unit 5 of the Kozloduy NPP at 1:16 am on 22 January 2021. The ESO ensures stable and uninterrupted functioning of the power generating system, the operator reported

Schlumberger Posts Net Loss in 2020

Schlumberger Posts Net Loss in 2020

Παρ, 22 Ιανουαρίου 2021 - 19:58

Schlumberger recorded a net loss of around $10.5 billion for the full year of 2020, slightly higher than the $10.1 billion loss in 2019, according to a financial results statement released by the company on Friday

Totals Exit from API Politically Motivated: Experts

Total's Exit from API Politically Motivated: Experts

Πεμ, 21 Ιανουαρίου 2021 - 17:41

Amid the fight among giant oil companies to maximize market share from current energy demand when global energy markets are evolving towards renewable energy, Total announced a surprising move to leave the US oil and gas industry association, the American Petroleum Institute (API), over differing climate positions

US Sanctions Nord Stream 2 Pipelaying Vessel Fortuna

US Sanctions Nord Stream 2 Pipelaying Vessel "Fortuna"

Τετ, 20 Ιανουαρίου 2021 - 15:49

The US imposed sanctions on the Russian pipelaying vessel "Fortuna" due to the ship's involvement in the construction of the Nord Stream 2 gas pipeline project to carry gas from Russia to Europe, according to the US Treasury Department on Tuesday

Romanias Nuclearelectrica Postpones Shutdown of Cernavoda NPP Unit 1

Romania's Nuclearelectrica Postpones Shutdown of Cernavoda NPP Unit 1

Δευ, 18 Ιανουαρίου 2021 - 17:41

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said that it has postponed the shutdown of one of the plant's two 700 MW units scheduled for January 15-16 in order to ensure continuous supply during a period with extremely cold weather in the country

Engie, Neoen Plan 1 GW Solar-Plus-Storage Project in France

Engie, Neoen Plan 1 GW Solar-Plus-Storage Project in France

Δευ, 18 Ιανουαρίου 2021 - 17:38

The two French companies have announced Horizeo, a massive project that includes a solar plant, battery storage, a green hydrogen production unit, a data center, and an agrivoltaic facility. The huge project is scheduled for completion in 2026

Bulgarian Civil Aviation Suffers Huge Losses Owing to Coronavirus Pandemic

Bulgarian Civil Aviation Suffers Huge Losses Owing to Coronavirus Pandemic

Παρ, 15 Ιανουαρίου 2021 - 18:58

The pandemic has an extremely negative impact on civil aviation. Passenger flows have plummetd not only to and from Bulgaria, this is a global problem, especially strongly felt on a European scale. Such a catastrophic situation has probably not happened since World War II

Global Oil Demand to Increase 6.56% in 2021: OPEC

Global Oil Demand to Increase 6.56% in 2021: OPEC

Πεμ, 14 Ιανουαρίου 2021 - 20:29

Global oil demand is expected to increase by 6.56%, by 5.9 million barrels per day (bpd), in 2021 to an average of 95.91 million bpd, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Thursday

OMV Petroms Q420 Daily Hydrocarbon Output Drops 7.6% Y/Y

OMV Petrom's Q4'20 Daily Hydrocarbon Output Drops 7.6% Y/Y

Πεμ, 14 Ιανουαρίου 2021 - 20:27

The hydrocarbon production of Romania's top oil and gas group OMV Petrom [BSE:SNP] dropped 7.6% on the year to 140,200 barrels of oil equivalent (boe) per day in the fourth quarter of 2020, the company said on Thursday

IEA Chief Says U.S. shale is Needed for Now as Oil Prices Climb

IEA Chief Says U.S. shale is Needed for Now as Oil Prices Climb

Τρι, 12 Ιανουαρίου 2021 - 18:31

Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency. Futures rose 1.5% to above $53 a barrel, to the highest since February 2020. Prices have climbed in recent days after promises of unilateral output cuts from Saudi Arabia spurred a further rally