Oil companies in Southeastern Europe accelerate renewable energy investments
INA, OMV Petrom, Motor Oil and MOL revealed a series of investments that indicate a shift in the sector toward renewables in the region
Greece and Bulgaria agree to boost energy ties
The two countries have signed memoranda of understanding on natural gas storage and the construction of a new oil pipeline
Romania rolls out windfall profit tax for fossil fuel sector
Romania introduced a 60% tax on excess profits for companies that are operating in the areas of oil, gas and coal
Serbia to import gas, electricity from Azerbaijan, get oil via Croatia
A Serbian delegation led by President Aleksandar Vučić and including ministers of energy and finance has visited Azerbaijan
How much does Qatar World Cup cost in crude oil
Qatar spent USD 220 billion for the World Cup. To cover the tournament's cost, the country will have to sell three billion barrels of oil.
Rystad Energy: Investments in renewables in Europe set to surpass oil, gas in 2022
The surge in spot electricity prices in Europe decreased the payback period of wind and solar power projects, according to Rystad Energy
Hellenic Petroleum becomes HELLENiQ Energy to move into sustainability era
Hellenic Petroleum changed its name to HELLENiQ Energy, saying it wants to leave behind a legacy structure and clear the way for renewables
EU to cap revenue for electricity producers at EUR 180 per MWh
Ursula von der Leyen presented measures to bring down power prices including and decouple the dominant influence of gas in the sector