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ENI Announces New Gas Discovery Offshore Egypt

Italian energy giant ENI on Wednesday announced the drilling of the first exploration well in the North El Hammad license in the conventional Egyptian waters of the Nile Delta on the Bashrush prospect, in collaboration with BP and Total

Α MoU Was Signed Between DEPA, DESFA and Patras Port Authority for the Promotion of LNG Bunkering at the Port of Patras

Based on the offer of new opportunities and development prospects both for the Port of Patras and the wider region, a memorandum of understanding was signed today (July 2nd) between DEPA, DESFA and the Port Authority of Patras (PPA), aiming to the promotion of the use of LNG as marine fuel

LNG Shipbuilding Continues With Three Vessel Order From COSCO

Despite soft demand for LNG, ship owners and shipbuilders are continuing to proceed with new construction believing in the longer-term prospects of the segment

Bulgaria’s 300,000 Firms to Leave Regulated Power Market Amid Liberalization

EU May Suffer Oil Depletion by 2030: French Study

The European Union (EU) may suffer oil depletion by 2030 as the total volume produced by the EU’s current oil providers is likely to shrink by up to nearly 8%, according to a study by a French think tank, The Shift Project

Application for Hungary's New Nuclear Units Submitted

The implementation license application for the expansion of Hungary's sole nuclear power plant has been submitted on Tuesday to the country's atomic energy authority

Shell: Low Oil Prices to Lower Asset Value up to $22B

Royal Dutch Shell announced Tuesday that the current low oil price environment could lower the value of its assets by up to $22 billion in the second quarter of 2020

60% of Global Coal Plants to be Uncompetitive by 2022

The rapidly declining cost of renewable energy has ensured that renewables are cheaper than new coal plants and up to 2025 will raise the share of uncompetitive coal plants, a new report said Tuesday

Turkish Companies Sign Deal for Solar Power Plant in Italy

Turkish companies Naturel Enerji and KURTEKS Tekstil Enerji signed an agreement for the development and construction of a 50-megawatt solar power plant in Italy, Naturel energy said in a statement on Tuesday

Energean: Acquisition of Edison E&P, A Transformational Deal

Energean agreed with Edison to acquire Edison E&P. This is a  transformational deal for Energean providing immediate and material increases in cash flow and access to future growth opportunities, creating one of the largest E&P companies listed on the London Stock Exchange

EU Council Adopts Post-Pandemic Roadmap in Energy Sector

The Council of the European Union adopted resolutions in response to the post-pandemic recovery roadmap in the EU energy market, with a focus on cutting the usage of fossil fuels and the energy transition

Akkuyu Nuke Power Plant's 2nd Reactor Foundation Laid

The foundation for the second unit of Turkey's Akkuyu Nuclear Power Plant (NPP) has been laid, Turkey's Energy and Natural Resources Minister Fatih Donmez announced on Friday

5 Major Oil Firms Sued for Causing Climate Change

A US attorney general on Thursday filed a lawsuit against four major oil companies for systematically and intentionally misleading consumers about the role their products play in causing climate change