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Albania Suspends Tender to Set up Power Exchange

Τρι, 21 Απριλίου 2020 - 18:46

Albania’s energy ministry said it has suspended until further notice a tender open for local and international entities interested in becoming shareholders in a national power exchange operator due to the unprecedented situation created by the spread of novel coronavirus disease

Russia Has Reserves to Offset Effects of Oil Price Drop

Τρι, 21 Απριλίου 2020 - 18:41

Russia's Presidential Spokesman Dmitry Peskov remains positive over Russia's ability to mitigate the effects of falling oil prices on the Russian economy, the spokesman said at a news conference in Moscow on Tuesday

Montenegro to Strengthen Energy Sector, Cut Dependence on Tourism - President Djukanovic

Πεμ, 16 Απριλίου 2020 - 15:13

Montenegro's government plans to introduce next month a package of economic measures to strengthen the energy sector and limit the country's dependence on tourism, president Milo Djukanovic said on Thursday

Saudi Aramco Refutes Reports of Change in Payment Terms

Πεμ, 16 Απριλίου 2020 - 15:08

Saudi Arabia's national oil company Saudi Aramco refuted some media reports claiming its terms of payment for crude oil purchases have been changed

Chernobyl Forest Fires Rage for more than a Week, Radiation Pollution Possible

Τρι, 14 Απριλίου 2020 - 18:29

Forest fires in Chernobyl continue for more than a week, and nearly 400 firefighters are involved in their extinguishing, DPA reported. Environmental experts fear that these fires could come in contact with radioactive ash on the ground and spread radioactive smoke to the capital Kiev, which is about 100 km south of Chernobyl

Oil Prices Up as Trump Says OPEC+ Should Double Cuts

Τρι, 14 Απριλίου 2020 - 18:27

Crude oil prices were up on Tuesday after U.S. President Donald Trump said Monday that OPEC+ is to double its oil production cut level to balance the market

OPEC+ Hopes to Cut 20M Not 10M Barrels per Day: Trump

Δευ, 13 Απριλίου 2020 - 19:44

The Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ producers are hoping to reduce daily oil output by 20 million barrels per day (bpd), and not by 10 million (bpd) as recently agreed on Sunday, U.S. President Donald Trump said on Monday

Lazard, STJ, Deloitte Consultanta Again Vie to Advise Romania's Hidroelectrica on IPO

Δευ, 13 Απριλίου 2020 - 19:41

Lazard Freres, STJ Advisors Group, and Deloitte Consultanta have signed up in a repeat tender to provide equity advisory services to Romania's Hidroelectrica in view of an initial public offering (IPO), a public procurement notice shows

Serbia Invites Bids for Substations in Biomass Heating Projects in Priboj, Mali Zvornik

Παρ, 10 Απριλίου 2020 - 17:51

The Ministry of Mining and Energy of Serbia is receiving offers through May 8 for some of the works in switching district heating plants from fossil fuels to biomass. Germany’s KfW and Switzerland have allocated funds for the overhaul in six municipal units

IEA Hopes G20 Will Help Restore Volatile Oil Markets

Παρ, 10 Απριλίου 2020 - 17:32

The executive director of the International Energy Agency (IEA), Fatih Birol, expressed hope on Friday that the G20 energy ministers would help restore some much-needed stability to oil markets

Turkey, China, US to Build Pumped-Storage Hydro Plant

Πεμ, 9 Απριλίου 2020 - 20:19

A partnership of Turkish, Chinese and American firms are working on a project to build a 1000-megawatt (MW) pumped-storage hydro power plant in the Isparta province, in the western Anatolian region of Turkey, General Electric (GE) General Manager for Hydroelectricity Dept. of GE in Turkey said on Thursday

Russia and Saudi Arabia Agree Deal on Oil Output Cuts: Report

Πεμ, 9 Απριλίου 2020 - 20:16

Russia and Saudi Arabia have overcome all hurdles to cut oil production at a meeting of OPEC, ending a month-long price war. Oil prices jumped after Reuters reported that the two countries have agreed to a "deep cut" in crude production

Slovenia's Petrol Reports Strong Decline in Sales in Slovenia, Croatia

Τρι, 7 Απριλίου 2020 - 15:47

Slovenian energy company Petrol [LJE:PETG] said its sales of petroleum products and merchandise since the start of the coronavirus epidemic in all its markets, especially in its two largest markets - Slovenia and Croatia - have declined