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Romania's Transgaz Lifts Q1 Profit 5% y/y

Πεμ, 14 Μαΐου 2020 - 20:20

Romanian gas transmission company Transgaz [BSE:TGN] said on Thursday its first-quarter net profit rose 5% on the year to 201.8 million lei ($45 million/42 million euro)

Oil Market Rebalancing Gradually, Still Fragile, IEA Head

Πεμ, 14 Μαΐου 2020 - 20:09

Signs of a gradual rebalancing in the global oil market can be seen, although these are still fragile, according to the head of the International Energy Agency (IEA) on Thursday

Turkey is 7th in Europe's Foreign Renewable Investments

Τετ, 13 Μαΐου 2020 - 17:38

Turkey ranks seventh in the list of top destinations for foreign direct investments (FDI) in renewables, according to greenfield investment monitor fDi Markets in its ranking for Top European Locations for Renewable Energy FDI 2020

EIA Revises Up Brent Price Forecast by $1 for 2020

Τετ, 13 Μαΐου 2020 - 17:34

The US Energy Information Administration (EIA) has revised up its Brent crude oil price forecast for 2020 by $1 per barrel, according to its monthly Short-Term Energy Outlook (STEO) report for May released on Tuesday

Turkey's Daily Power Consumption Down 9.3% on May 10

Δευ, 11 Μαΐου 2020 - 19:03

Turkey's daily electricity consumption decreased by 9.3% to 550,712 megawatt-hours on Sunday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Monday

No. of Electric Vehicles Set to be Over 1 Bln by 2050

Δευ, 11 Μαΐου 2020 - 19:01

The number of electric vehicles (EVs) is projected to increase from around 8 million in 2019 to over 1.1 billion by 2050, according to data from International Renewable Energy Agency's (IRENA) recent report on Wednesday

Terna: EUR 11 Billion in Green Energy Projects to Boost Greece’s Recovery

Παρ, 8 Μαΐου 2020 - 16:55

The Greek economy may get an enormous push with EUR 11 billion investments in renewable energy and electricity storage projects in the post-coronavirus era. According to Terna Energy’s Chairman Giorgos Peristeris, fully licensed investments in renewables with a total capacity of 2,400 MW are ready, while an additional 5,800 MW of renewable energy projects obtained all environmental permits

Coronavirus Hits US Oil Sector Hard as Billions Lost

Παρ, 8 Μαΐου 2020 - 16:50

The novel coronavirus (COVID-19) has hit the US' energy industry hard as US crude oil production is in steep decline and many major oil companies have already announced losses for the first quarter of the year

Dentons Europe Wins Tender for Legal Advisor on Romania's Hidroelectrica IPO

Πεμ, 7 Μαΐου 2020 - 18:44

Romanian state-owned power company Hidroelectrica said on Thursday it has selected Dentons Europe SPARL as its legal advisor in a planned initial public offering (IPO) of shares

Europe's Steel Industry Must Invest €100B for CO2 Cuts

Πεμ, 7 Μαΐου 2020 - 17:55

Around €100 billion ($108 billion) is required to take the production of crude steel from iron ore and make it climate neutral, according to a recent press release by Roland Berger, a global strategy consulting firm headquartered in Munich

Romania's Rompetrol Rafinare Completes Petromidia Refinery Turnaround

Τρι, 5 Μαΐου 2020 - 20:15

Romania's Rompetrol Rafinare [BSE:RRC] said on Tuesday that it has successfully completed the turnaround of its Petromidia refinery and has initiated the restart of the production units.

Total’s Net Profit Decreases 35% in Q1 Amid Oil Crisis

Τρι, 5 Μαΐου 2020 - 20:10

The French energy company Total said Tuesday its net income decreased by 35% to $1.8 billion in the first quarter of 2020 amid the sharp decline in oil demand and prices due to the novel coronavirus (COVID-19) pandemic

Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline

Τρι, 5 Μαΐου 2020 - 10:37

A joint venture between Greek utility DEPA and Italy’s Edison is seeking to shortlist two contractors to build part of a pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas fields to Europe, DEPA said on Thursday. European governments and Israel last year agreed to proceed with the $6 to $7 billion so-called EastMed project.