oil
Greenpeace: Oil companies investing pocket change in renewable energy sources
24 August 2023 - Europe's twelve largest oil companies are misleading the public about their readiness for a gradual transition to renewable energy sources
Three carbon capture projects in Balkans get grants from EU’s Innovation Fund
14 July 2023 - The EU selected Motor Oil Hellas, Titan Cement and Holcim's subsidiary in Croatia among 41 firms for grants from the Innovation Fund
BP, TotalEnergies win German auctions with EUR 12.6 billion in bids for offshore wind farms of 7 GW
13 July 2023 - The results confirm the attractiveness of investing in offshore wind energy in Germany, said Klaus Müller, President of the Bundesnetzagentur
Turkey targets over 20 GW in nuclear power capacity by 2050s
12 July 2023 - Turkey is making plans for its second and third nuclear power plants and the deployment of several small modular reactors
Oil major TotalEnergies buys five solar projects in Romania
05 July 2023 - PNE will remain responsible for further project development until a ready-to-build stage is achieved, the firm said
Serbhungas to trade gas in Serbia and region, with 51% stake in Hungary’s hands
29 June 2023 - Hungary's MVM has a 51% stake in Serbhungas, while the remaining 49% is in the hands of Serbia's state gas company
Both science and faith: Church of England selling stakes in oil, gas companies over lack of climate action
27 June 2023 - The church intends to divest its holdings in the remaining 11 oil and gas companies in its investment portfolio by the end of 2023
HELLENiQ Energy to build solar park with batteries for its Thessaloniki refinery
19 June 2023 - Within its decarbonization efforts, HELLENiQ Energy is planning a solar power project with batteries to supply a refinery with green energy
Oil companies in Southeastern Europe accelerate renewable energy investments
30 May 2023 - 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
17 February 2023 - 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
29 December 2022 - 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
22 December 2022 - 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
01 December 2022 - 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
17 October 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
21 September 2022 - 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
14 September 2022 - Ursula von der Leyen presented measures to bring down power prices including and decouple the dominant influence of gas in the sector