English Edition

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

European Investment Bank to Loan Turkey’s BOTAŞ $270M for TANAP

Τετ, 29 Ιουλίου 2020 - 18:41

The European Investment Bank approved a $270 million (TL 1.87 billion) loan for Turkey's state-owned crude oil and natural gas pipelines and trading company, BOTAS, for the Trans Anatolian Natural Gas Pipeline (TANAP) project, according to ministry sources Tuesday

Croatia's INA Turns to Cons Net Loss in H1

Τρι, 28 Ιουλίου 2020 - 19:51

Croatian oil and gas company INA [ZSE:INA-R-A] said on Tuesday it turned to a consolidated net loss of 965 million kuna ($150.8 million/128.6 million euro) in the first half of 2020, from a profit of 188 million kuna in the same period last year

Renewables Outpace Nuclear and Coal in the US

Τρι, 28 Ιουλίου 2020 - 19:47

This year has been a benchmark for renewables generation, with the latest edition of the U.S. Energy Information Administration’s Electric Power Monthly report showing clean power facilities produced more electricity through May 31 than coal and nuclear

Europe Warns Turkey Against Natural Gas Mission Near Greece

Παρ, 24 Ιουλίου 2020 - 18:05

French President Emmanuel Macron has called for sanctions against Turkey for encroaching on EU member states' territorial waters. But Ankara has rejected such claims, saying Turkey is well within its right

PetroChina, Sinopec Transfer $56bn Assets to PipeChina

Παρ, 24 Ιουλίου 2020 - 18:01

China's two biggest energy firms PetroChina and Sinopec have agreed to sell oil and gas infrastructure assets valued at 391.5bn yuan ($56bn) to China Oil and Gas Pipeline Network (PipeChina), paving the way for the new state-run pipeline company to start operations in the next few months

PM Hails Restoration of Democracy, Slams ‘Weakness’ of Hagia Sophia Conversion

Παρ, 24 Ιουλίου 2020 - 17:01

In a message to mark the restoration of democracy in Greece following a seven-year military dictatorship (1967-1974) Greek Prime Minister Kyriakos Mitsotakis said on Friday the country is “celebrating 46 years of undisrupted democracy

Bulgaria to Complete TurkStream Pipeline Extension Amid US Threats to Sanction Russian Energy Projects

Πεμ, 23 Ιουλίου 2020 - 20:07

The Bulgarian section of the TurkStream natural gas pipeline from Russia, known as Balkan Stream, is set to be completed by the end of the year, according to the Russian Foreign Ministry

Russia Considers Emulating The World’s Largest Oil Hedge

Πεμ, 23 Ιουλίου 2020 - 20:01

Russia is considering whether to adopt a kind of state oil hedging program, similar to Mexico’s oil hedge, to protect government revenues from oil price crashes in the future, Russian news agency Interfax reported on Wednesday, quoting sources familiar with the matter

'Situation Unchanged' in Broader Sea Area Off Kastelorizo

Τετ, 22 Ιουλίου 2020 - 19:28

The Hellenic National Defense General Staff (HNDGS) said "the situation remains unchanged" in the maritime zone SE of Kastelorizo island, where the Turkish government has issued a Navtex for seismic research until August 2