BP reports 50% less profit
As reported by Bloomberg, British Petroleum recorded over 50% lower profit in 2016 when compared to the previous year. Profits achieved...
Macedonia faces crude oil supply shock
As Greeek farmers block border crossings, Macedonian crude oil supply suffers. Macedonian companies report huge losses. Source: SEEbiz...
Krk LNG and Sincro Grid awarded EU grants
Croatian based floating LNG terminal in Krk was approved over €102 million grant by the Connecting Europe Facility (CEF): €747,000 for a...
EU to invest €444 million in key energy projects
EU agreed on the EC's proposal to fund €444 million worth of energy infrastructure projects considered key for the development of the...
Oil prices stagnate
OPEC members are mostly keeping their agreement on production limits (over 90% of planned reduction is achieved). On the other hand,...
Europe installed 12.5 GW of wind in 2016
As reported by Wind Energy, in 2016, Europe installed a total of 12.5 GW of wind capacity, around 3% less than in 2015. According to Wind...
Sudi Arabia plans to go renewable
Saudi Arabia, OPEC's largest oil producer plans to develop about 10 GW of renewable energy projects by 2023, mostly wind and solar. The...
Enel lost €401 million arbitration to Romania
After winning in a previous €900 million arbitration, Enel has now been ordered to pay over €400 million for a minority stake in...
EU sets 40 % target reduction in 2030 compared to 1990
After recent ratification and entry into force, EU is putting in place legislation to achieve thegoal of emission reduction by at least...
ČEZ announces plans to invest €66 M in grid ugrades
ČEZ Bulgaria announced intention to invest BGN 130 million (€ 66.5 million) over the course of 2017 in grid improvements of its...
