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Germany Approves National Green Hydrogen Strategy

TANAP Ramps Up Gas Flow to Turkey in 2nd Working Year

The Trans Anatolian Natural Gas Project (TANAP) will deliver 6 billion cubic meters (bcm) of natural gas to Turkey by June 30 this year, which marks the pipeline’s second year of commercial operations, TANAP's General Manager Saltuk Duzyol told Anadolu Agency on Thursday

EIA Revises Up Brent Price Forecast by $4 for 2020

The US Energy Information Administration (EIA) has revised up its Brent crude oil price forecast for 2020 by $4 per barrel, according to its monthly Short-Term Energy Outlook (STEO) report for June released on Tuesday

105 Km of Trans Adriatic P/line Offshore Part Completed

Trans Adriatic Pipeline (TAP) AG company completed the 105-kilometer-long offshore section of the pipeline under the Adriatic Sea, according to the statement from the company on Tuesday

BP to Lay Off 10,000 Workers Due to Depressed Oil Industry

BP said Monday it will cut about 10,000 jobs as it contends with lower oil prices and depressed demand due to the coronavirus pandemic

Greece, Italy Sign Accord on Maritime Zones in Ionian Sea

Greece and Italy signed an agreement on maritime boundaries on Tuesday, establishing an exclusive economic zone between the two countries and resolving longstanding issues over fishing rights in the Ionian Sea

Bulgaria to Set up a State-owned Oil Company

Bulgaria plans to set up a state-owned oil company, which will manage the oil and fuel depots and also build filling stations across the country, in order to increase competition and for fair prices for consumers, as the Government in Sofia has announced

OPEC, Allies to Meet on June 6: Russian Energy Ministry

The Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC oil-producing allies will meet Saturday to discuss their oil production cut agreement, the Russian Ministry of Energy said in a statement on Friday

OPEC+ May Meet Over Oil Cuts this Week if Laggards Agree to Comply: Sources

OPEC+ oil producers could still hold a ministerial video conference this week if Iraq and others which have not fully complied with existing oil supply cuts agree to boost their adherence, three OPEC+ sources told Reuters on Thursday

France's Voltalia Wins 140 MW Solar Park Tender in Albania - EBRD

French renewables company Voltalia has won a tender for the construction and operation of a 140 MW solar power plant in Albania's Karavasta coastal area supported by the European Bank for Reconstruction and Development (EBRD), the bank said

Renewables Top Cheapest Coal Competitors on Cost: IRENA

Renewable energy is becoming increasingly cheaper than any new electricity capacity based on fossil fuels, according to a new report by International Renewable Energy Agency (IRENA) published Tuesday

Gazprom Signs Contract With Mytilineos to Supply Gas to Greece Until 2030

Gazprom Export, a wholly-owned subsidiary of Gazprom, and Greece’s Mytilineos S.A. concluded a long-term contract for the supply of natural gas, the Russian company said. The contract provides for the delivery of gas to Greece from 2020 to 2030

Brent Oil Price up With Further OPEC Output Cut Hopes

Brent crude oil was up by more than 6% on Monday as investors are hoping the Organization of Petroleum Exporting Countries (OPEC) will decide to make deeper crude production cuts at their meeting this week