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Coronavirus hits oil too, worries plunge prices
Oil prices fell more than 2% on 3 February, as traders were concerned over demand in China following the deadly coronavirus breakout but prices...
Energy
Pompeo praises US-Kazakhstan strategic partnership
NUR-SULTAN, Kazakhstan - US Secretary of State Mike Pompeo visited Kazakhstan on February 2 as part of his tour of former Soviet republics for...
Archive
US offers to supply Belarus with oil and gas amid Russia tension
US secretary of state Mike Pompeo said his country is ready to fully provide Belarus with energy resources at competitive prices, as its main...
Archive
Polish cities to modernise heating distribution networks with EU help
The heating distribution operators of two Polish cities - Bydgoszcz and Lublin - have signed two financing agreements with the European Investment Bank (EIB)...
Archive
ENI signs a LNG supply agreement with Nigeria LNG
Italian energy major ENI signed on 27 January a new long-term contract for the purchase of 1,5 million tonnes of liquefied natural gas with...
Archive
EU clears acquisition of joint control over SET by STEAG and OYAK
The proposed acquisition of joint control over STEAG Enerji Ticareti ve Hizmetleri (SET) of Turkey by STEAG of Germany and Ordu Yardimlasma Kurumu (OYAK)...
Archive
Turkey’s Kiyikoy wind farm to more than triple generation capacity
Turkey’s renewable energy production is receiving a boost with a $37 million-loan from the European Bank of Reconstruction and Development (EBRD) to finance the...
Archive
EU backs nearly-zero-energy affordable housing in Sweden
The European Union is backing the construction of rental property to reduce the current housing shortage in Sweden’s largest cities. The European Investment Bank...
Archive
Russia’s LUKOIL backs Kogalym research center
LUKOIL President Vagit Alekperov and Khanty-Mansi Autonomous District Governor Natalia Komarova discussed joint work to open a branch of the Perm National Research Polytechnic...
Archive
EDF gets Royal Mail Group contract to provide electric vehicle infrastructure
Royal Mail Group (RMG), the owner of one of Europe’s largest fleets, has signed a deal with EDF in the UK, the UK’s leading...
Archive
Morocco’s wind farms alternative energy idea for EU
TANGIER, Morocco – At the gateway to Tangier, the strong wind blowing on the corridor from Gibraltar between Europe and Africa powers the long...
Archive
Morocco's wind farms alternative energy idea for EU
TANGIER, Morocco – At the gateway to Tangier, the strong wind blowing on the corridor from Gibraltar between Europe and Africa powers the long...
Energy
Kazatomprom to sell interest in Kazakhstan-Russian atomic enterprise
NUR-SULTAN, Kazakhstan –Kazatomprom said on 31 January Kazakhstan’s national atomic company plans to sell its 50% interest minus one share in the Uranium Enrichment...
Afghanistan
Green Central Asia initiative launched
Germany’s foreign minister Heiko Maas hosted a high-level ministerial conference on 28 January in Berlin, during which the ‘Green Central Asia’ initiative was launched.
The...
Archive
ExxonMobil make major discovery in Guyana field
US energy major ExxonMobil said on 27 January the company has increased its estimated recoverable resource base in Guyana to more than 8 billion...
Energy
UAE’s West Hydrocarbons Commercial Investment to build refinery in Kazakhstan
NUR-SULTAN, Kazakhstan - The United Arab Emirates (UAE) company West Hydrocarbons Commercial Investment LLC is building a refinery in western Kazakhstan, Akorda quoted company...
Energy
UAE and Kazakhstan ink cooperation documents on trade, energy
NUR-SULTAN, Kazakhstan - The United Arab Emirates and Kazakhstan on 27 January have signed several documents on cooperation within the framework of the official...
Africa
EU and EBRD to boost renewable energy in Ukraine, Jordan, Lebanon and Tunisia
The European Bank for Reconstruction and Development (EBRD) and the European Union have agreed a new €50 million programme of financial guarantees aimed at...
Analysis
Europe’s nuclear energy solution
The transition from firewood to coal and empire to national liberation was, at the time that the events took place, a radical change to...
Archive
EIB to help Greece enhance energy efficiency and tackle climate change
The European Investment Bank on 23 January agreed to continue support for new priority investment across Greece intended to enhance energy efficiency and tackle...
Archive
EIB backs innovative electric power company in Spain
The European Investment Bank (EIB) is providing Arteche Group with a €27 million loan to finance its Research and Innovation strategy, the European Commission...
Archive
IEA says oil and gas companies must embrace clean energy
As government and industry leaders gathered during the World Economic Forum’s Annual Meeting in Davos on January 21, the International Energy Agency (IEA) said...
Archive
EU eyes hydrogen for zero emissions energy
ATHENS – The Commitment of the new European Commission to a clean energy transition that includes an important role for hydrogen is very clear,...
Energy
Kazakhstan invites Shell to invest in Caspian exploration
NUR-SULTAN, Kazakhstan – Kazakhstan’s Ecology, Geology and Natural Resources Minister Magzum Mirzagaliev met on 23 January with Shell Kazakhstan Country Chair Olivier Lazare and...
Archive
At Davos, IEA says oil and gas companies must embrace clean energy
As government and industry leaders gathered during the World Economic Forum’s Annual Meeting in Davos on January 21, the International Energy Agency (IEA) said...
Archive
Belarus buys oil from Norway as Russia halts supplies
Belarusian state-run oil company Belneftekhim started importing oil from Norway after its main oil provider, Russia, suspended its supplies. The company announced its subsidiary...
China
KazTransOil reduces exports to China after oil contamination
NUR-SULTAN, Kazakhstan – Kazakhstan’s Energy Ministry has adjusted the schedule for oil transportation for January, reducing oil exports to China, after contamination was detected...
Archive
Trump rejects climate action, Thunberg slams Davos elites
The annual World Economic Forum kicked off with US president Donald Trump criticising climate activists, in contrast with young activist Greta Thunberg who urged...
Archive
Italy’s ENI and UAE’s ADNOC ink MoU on sustainable energy research
UAE Minister of State Sultan Ahmed Al Jaber and Abu Dhabi National Oil Company (ADNOC) Group CEO, and ENI’s CEO Claudio Descalzi, signed on...
Archive
Rosneft increases its share in Bayernoil refinery
Rosneft Deutschland, a subsidiary of Russian oil giant, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft from British BP, Rosneft...
Belgium
EU-Kazakhstan to deepen ties
The European Union and Kazakhstan pledged on 20 January mutual commitment in deepening ties, partnership, political dialogue and strengthening the contact between their citizens....
Archive
World Economic Forum 2020 kicks off in Davos
Some of the world’s most powerful people gathered for the annual World Economic Forum that kicked off today in Davos, Switzerland. The invitation-only event...
Belarus
Kazakhstan, Belarus still considering oil supply draft agreement
NUR-SULTAN, Kazakhstan - The beginning of possible deliveries of Kazakh oil to Belarus is expected after an agreement between the two countries enters into...
Archive
France, UK reaffirm commitment to Iran nuclear deal
UK prime minister Boris Johnson and French president Emmanuel Macron reaffirmed their commitment to the Iran nuclear during a meeting on the sidelines of...
Archive
IEA: Global oil supply tumbles in December
Global oil supply tumbled 780,000 barrels per day in December as biofuels production declined seasonally and Saudi Arabia reduced output, the International Energy Agency...
Archive
ENI’s Vår Energi gets 17 new exploration licenses in Norway
Italian energy major ENI through Vår Energi, jointly owned by ENI (69.6%) and by HitecVision (30.4%), will participate in a total of new 17...
Archive
East Med Gas Forum makes Cairo HQ
Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestinian Authority signed in Cairo on 16 January the East Med Gas Forum (EMGF) foundation charter, creating...
Archive
Rosneft, Russian Environment Ministry ink biodiversity agreement
Russian state oil giant Rosneft and Russia’s Natural Resources and Environment Ministry signed on 14 January a Cooperation Agreement as part of the national...
Archive
MEPs want global CO2 binding targets to save biodiversity
Members of the European Parliament want the upcoming global biodiversity conference COP 15 to agree on legally binding targets, as was the case for...
Archive
Ukraine to boost renewables, energy efficiency with EU help
Ukraine can focus in developing the country’s renewable energy sector and improve the much-delayed energy efficiency now that the former Soviet republic has concluded...
Archive
Poland leads European onshore wind growth at the moment
Poland held the largest European dedicated onshore wind auction ever in December with a total volume of 2.2GW, WindEurope said on 13 January, adding...
Archive
EBRD, IRENA agree to rapidly increase share of renewables
During the 10th IRENA Assembly in Masdar City, Abu Dhabi, at United Arab Emirates, the International Renewable Energy Agency and the European Bank for...
Archive
In Abu Dhabi, Simson to discuss global efforts to deploy renewable energy
On 11-12 January, EU Energy Commissioner Kadri Simson is expected to travel to Abu Dhabi to attend the 10th session of the IRENA Assembly.
The...
Archive
ExxonMobil secures exploration acreage offshore Egypt
US major ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the...
Archive
Gas reserves of Russian field in Yamal raised to 2 trillion cubic metres
Russia’s Federal Agency for Mineral Resources approved the expert opinion of the State Reserves Commission with regard to the calculation of hydrocarbon reserves in...
Archive
Russia resumes oil supplies to Belarus after pricing dispute
Belarus has reached an agreement with Russia for limited oil supplies after Moscow stopped supplying crude two weeks ago amid stalled talks on strengthening...
Archive
EIB funds to help finance electric and CNG buses in Spain
The European Investment Bank (EIB) has provided €27.5 million in financing to Spanish transport company Grupo Ruiz to replace its more polluting diesel buses...
Archive
Putin, Erdogan launch TurkStream to Turkey, Southern Europe
Russia and Turkey launched the TurkStream gas pipeline on 8 January in a ceremony attended by Russian President Vladimir Putin, Turkish President Recep Tayyip...
Archive
Bulgaria to acquire 20% of Alexandroupolis LNG project in Greece
The Council of Ministers of the Bulgarian Government has approved the participation of Bulgaria’s state gas transmission company, Bulgartransgaz, by a percentage of 20%...
Energy
Renewable energy sources share in Kazakhstan grows annually
NUR-SULTAN, Kazakhstan - According to Kazakhstan’s Energy Ministry, the share of renewable energy in Kazakhstan is growing annually.
In 2016, active construction of renewable energy...
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