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Strategic gas interconnector Greece-Bulgaria on bumpy road

Ср., 08/12/2020 - 10:20
By Georgi Gotev for euractiv.com The construction of a strategic EU-supported pipeline which is expected to break the monopoly of Russian gas on the Bulgarian market has hit a snag. EURACTIV Bulgaria reports. Dozens of Bulgarian workers building the Interconnector Greece-Bulgaria (IGB, also known as Stara Zagora-Komotini pipeline) protested on Thursday (6 August) in Haskovo, Bulgaria. The workers say […]

The oil and gas industry is going remote

Пон., 08/10/2020 - 09:57
By Irina Slav for Oilprice.com If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can also make oil and gas production more efficient for less money. If there is one thing this crisis is proving, it is […]

The best energy saving devices

Нед., 08/09/2020 - 07:56
The digital era has made it easy than ever before to make a household energy and cost-efficient. Energy Digital takes a look at 10 easy-to-implement devices. 24-hour plug-in timers When essential devices like smartphones or tablets run out of battery at inconvenient times, such as late at night, the temptation can be to leave them plugged in […]

Smart grids: Development & benefits

Съб., 08/08/2020 - 07:26
Smart grids are energy networks that can automatically monitor energy flows and adjust to changes in energy supply and demand accordingly. When coupled with smart metering systems, smart grids reach consumers and suppliers by providing information on real-time consumption. As smart grids show information on supply and demand, they are particularly beneficial for the integration […]

Greece, Egypt signed maritime border deal

Пет., 08/07/2020 - 09:51
Egypt and Greece signed an agreement on Thursday on setting up an exclusive economic zone (EEZ) between the two countries, Egyptian Foreign Minister Sameh Shoukry said. He spoke at a joint press conference with his Greek counterpart Nikos Dendias. The deal was reached amid tension over natural resources in the Eastern Mediterranean region, where Turkey, […]

The EU can and must cut emissions by more than 55% by 2030

Вт., 08/06/2020 - 10:33
By Mirjam Wolfrum for euractiv.com The European Commission has proposed to strengthen its 40% greenhouse gas emission reduction target to 50% or 55% on 1990 levels in the next ten years. But this step does not meet the minimum level of ambition that climate science, and the EU’s own climate-neutrality goal, say is needed, writes Mirjam […]

Work starts in France to recreate power of the Sun

Ср., 08/05/2020 - 10:30
Fourteen years after receiving the official go-ahead, scientists began to assemble a machine in southern France on Tuesday (28 July) that will seek to prove whether nuclear fusion, the process which powers the Sun, can be a safe and viable energy source for Earth. The groundbreaking multinational experiment, ITER, has seen components arrive in the […]

Why natural gas prices just exploded

Вт., 08/04/2020 - 10:19
By Julianne Geiger for oilprice.com The weather is going to be hot after all in the short term, forecasts now predict. That prediction sent natural gas prices soaring on Monday by nearly 20 percent as traders hold out hope for anything that will contribute to a reduction in nat gas stockpiles. Natural gas prices have been trading […]

The sky is the limit for clean energy subsidies in Europe

Пон., 08/03/2020 - 09:48
By Irina Slav for oilprice.com China may have saddled itself with as much as $42 billion in unpaid renewable energy subsidies, but it pales in comparison to the enormous amount of money Europe is pumping into ambitious renewable transition plans even as the continent is ravaged by a global pandemic.   Germany recently unveiled a $145-billion (130 billion euro) recovery plan […]

The oil market starts to work – finally!

Нед., 08/02/2020 - 07:37
The consequence of Covid-19 on oil products, according to Professor Samuele Furfari*. In March 2020, for geopolitical reasons, Russia refused to go on with Saudi Arabia to adjust, along the rule of what is known as the OPEC+ deal, their oil extractions to world demand.  It was normal, because there were alerting signs that oil […]

Shale gas and other hydrocarbons

Съб., 08/01/2020 - 07:30
Unconventional hydrocarbons are resources found in reservoirs with geological characteristics and locations different from those where oil and gas are usually produced. They include natural gas from shale formations (shale gas), natural gas from coal seams (coalbed methane), crude oil from shale formations or other formations with low permeability (tight oil or shale oil). Extraction […]

EU invests €350m in first domestic battery gigafactory

Пет., 07/31/2020 - 09:44
By Sam Morgan for euractiv.com The European Investment Bank issued a €350 million loan on Thursday (30 July) to a Swedish company that hopes to corner a significant share of the global battery market by building the greenest power packs available. Northvolt is currently constructing its gigafactory in northern Sweden, where the firm intends to use […]

ENEL X Japan undertakes nationwide expansion

Вт., 07/30/2020 - 20:53
Enel X Japan, the country’s largest independent demand response (DR) aggregator, is expanding its geographic reach to provide services to all of Japan this year. The company will provide DR and virtual power plant (VPP) services across new regions, aggregating even more energy load to provide critical services to the nation’s electricity grid. Ushio Okuyama, […]

The COVID crisis could lead to a green energy boom

Вт., 07/30/2020 - 10:41
By Haley Zaremba for Oilprice.com  The novel coronavirus pandemic has wreaked an historic havoc on global markets, and left economies around the world floundering. The tragedies that have come along with COVID-19 are innumerable, from the more-tan 650,000 people around the world who have lost their lives, to the countless more that have suffered and […]

ExxonMobil & Berkeley make major breakthrough in carbon capture tech

Ср., 07/29/2020 - 09:59
By Jon LeSage for Oilprice.com One of the world’s oil giants sees carbon capture and sequestration as a smart pathway for hitting a number of targets. Scientists from ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material that could capture more than 90 percent of carbon dioxide emissions from industrial sources. It […]

Deutsche Bank immediately ends funding for oil sands and arctic oil projects

Вт., 07/28/2020 - 09:54
By Tsvetana Paraskova for Oilprice.com Deutsche Bank is ending financing for new oil and gas projects in the oil sands and the Arctic region effective immediately, becoming the latest major bank to reconsider lending money to fossil fuel projects in sensitive areas. Deutsche Bank will no longer finance any new projects in the Arctic or […]

Moscow cries foul over EU’s planned carbon border tax

Пон., 07/27/2020 - 10:59
By Sam Morgan for euractiv.com Russia’s economic development minister warned last week that the EU’s plans to deploy a carbon tax at the bloc’s borders will not be in line with World Trade Organisation (WTO) rules, just as Brussels doubled down on the idea of green tariffs. Maxim Reshetnikov said that Moscow “is extremely concerned by attempts […]

This oil crisis will completely transform the industry

Пон., 07/27/2020 - 09:49
By Irina Slav for Oilprice.com When JP Morgan’s EMEA head of oil and gas research said last month that this crisis was fundamentally no different from previous crises, he was right – at least in a way. But in some ways, he was wrong, because it is not just out of a sense for the dramatic that […]

Ericsson: 5G could ‘dramatically increase’ network energy consumption

Нед., 07/26/2020 - 12:35
By Davine Janssen for euractiv.com It is the industry’s responsibility to roll-out the fifth generation (5G) of wireless communication networks without increasing energy consumption, Swedish telecoms giant Ericsson writes in a report outlining how this can be done. “Energy consumption is set to increase dramatically if 5G is deployed in the same way as 3G and […]

Energy transition: From crisis to rebound

Нед., 07/26/2020 - 07:12
World Economic Forum The world’s energy transition has made slow and steady progress over the past five years, but the COVID-19 crisis risks derailing long-term progress. Will recovery and the shifting global energy order shape new opportunities for picking up the pace? Why benchmark energy systems? The Energy Transition Index (ETI) is a fact-based ranking […]