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Romania: Carlyle-backed Black Sea Oil & Gas Says Taxes Hinder Higher Output

Τετ, 1 Μαρτίου 2023 - 18:38

Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group is prevented from increasing gas production at its offshore project due to higher taxes and regulation, its chief executive said on Tuesday

Occidental: Oil Explorer Stakes Big Claim on Carbon Capture

Τετ, 1 Μαρτίου 2023 - 18:33

Occidental Petroleum thinks it can make money from decarbonising. That is a far cry from the $55bn bet the oil explorer made on rival Anadarko in 2019. That transformed Oxy into one of America’s biggest oil producers. Oxy’s next big gambit is carbon capture. Its version of the technology is daring too — “direct air capture”. The idea is to suck carbon dioxide directly out of the air and bury it underground

Eni Becomes Latest Energy Major to Report Record Profits

Παρ, 24 Φεβρουαρίου 2023 - 18:56

Italian group follows rivals in recording bumper year after Ukraine war pushed up oil and gas prices

HELLENiQ ENERGY Announces Fourth Quarter / Full Year 2022 Financial Results: Record High Profitability & Successful Completion of the First Phase of the Strategic Transformation

Παρ, 24 Φεβρουαρίου 2023 - 18:51

Record high profitability on positive international refining environment, exports and new investments in RES – Successful completion of the first phase of the strategic transformation, energy crisis management and significant contribution to society

Global Investment in Energy Transition Technologies Sees Record High Rise to $1.3 Trillion in 2022

Τετ, 22 Φεβρουαρίου 2023 - 14:09

Global investment in energy transition technologies last year—including energy efficiency—set a new record high with a 19% rise to $1.3 trillion from 2021 investment levels and 50% from before the pandemic in 2019, a joint report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI) revealed on Wednesday

LG, Ford, and Koc Holding Collaborate to Manufacture Battery Cells in Türkiye

Τετ, 22 Φεβρουαρίου 2023 - 14:04

LG Energy Solution, the American automobile manufacturer Ford, and Turkish industrial conglomerate Koc Holding signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities in Türkiye, the companies announced on Tuesday

Croatia to Build €100 Million Cross-Border Gas Pipeline to Bosnia

Τρι, 21 Φεβρουαρίου 2023 - 19:40

Croatia will participate in a project to connect its natural gas network, and the LNG terminal on the northern Adriatic island of Krk to that of neighbouring Bosnia and Herzegovina, Croatian Economy Minister Davor Filipović announced on Monday

Methane Emissions Remained Stubbornly High in 2022 Even as Soaring Energy Prices Made Actions to Reduce Them Cheaper Than Ever

Τρι, 21 Φεβρουαρίου 2023 - 18:29

A combination of high energy prices, security of supply concerns and economic uncertainty were not enough to drive down methane emissions last year, according to new IEA analysis

Greece and Bulgaria Provide Energy Security, PM Mitsotakis Says in Meeting With Bulgarian President

Πεμ, 16 Φεβρουαρίου 2023 - 18:44

“For a year now, Russian revisionism is also causing economic pain. Our neighbours know this well first hand as last year Russia cut off their natural gas flow,” said Prime Minister Kyriakos Mitsotakis after meeting with Bulgarian President Rumen Radev on Thursday morning in Athens

Europe LNG Imports Rise 60% in 2022

Πεμ, 16 Φεβρουαρίου 2023 - 18:40

Europe's liquefied natural gas (LNG) imports increased year on year by 60% in 2022, as the continent pledged to distance itself from Russian gas after the country went to war with Ukraine

IEA Boosts Global Oil Demand Forecast as China’s Economy Reopens

Τετ, 15 Φεβρουαρίου 2023 - 18:32

The International Energy Agency boosted forecasts for global oil demand as China reopens its economy following years of anti-Covid lockdowns

Greece: Subsidy for Photovoltaics Requires Installation of Batteries

Τετ, 15 Φεβρουαρίου 2023 - 18:28

The subsidies for the new “Photovoltaics on Roofs” program will be directed exclusively to photovoltaic systems that incorporate a battery, with the latter being 100% subsidized, while the total subsidy will cover 60% of the cost, Environment and Energy Minister Kostas Skrekas says in an interview with Kathimerini

OPEC Raises Forecast for China-led Oil Demand Growth in 2023

Τρι, 14 Φεβρουαρίου 2023 - 19:35

OPEC has raised its 2023 forecast for global oil demand growth in its first upward revision for months, citing China's relaxation of COVID-19 restrictions and slightly stronger prospects for the world economy

Israel Enters the oil exporters club: Energean exports hydrocarbon liquids from Karish

Τρι, 14 Φεβρουαρίου 2023 - 10:17

Energean is delighted to confirm the first ever lifting of an Israeli crude oil cargo has taken place at the Company’s Karish field. For the first time in the history of Israeli oil & gas production, hydrocarbon liquids will be exported to global markets. Utilising the regionally unique liquids storage and offloading capability of the FPSO "Energean Power", the liquids are offloaded in a controlled manner and sold into various global markets.

Turkey's Unfinished Akkuyu Nuclear Plant Not Damaged By Quake - Rosatom Official

Παρ, 10 Φεβρουαρίου 2023 - 18:15

Turkey’s Akkuyu Nuclear Power Plant, which is currently under construction, was not damaged by a major earthquake that struck central Turkey and northwest Syria on Monday, said an official from the Russian company building the plant

EU Vows to Counter China Over ‘Massive’ Subsidies to Its Industries

Παρ, 10 Φεβρουαρίου 2023 - 18:08

Europe must do more to fight back against “massive” hidden handouts doled out by China to its industries, the European Commission president said, as the EU rushes to counter a swath of global subsidies that threaten its competitiveness