Tag #Energy

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kathimerini.gr

🌐 75% Global Worthiness

Jul 16, 10:11

Greece to Submit €3.9 Billion EU Recovery Fund Request

Greece will submit a €3.9 billion request for EU recovery funds, followed by another in November; the "Greece 2.0" plan revision adds projects, not cuts; GEC Terna's energy portfolio is valued at €600 million; the Elpedison sale is complete; and infrastructure delays at Ellinikon are reported.

Greece to Submit €3.9 Billion EU Recovery Fund Request

Greece will submit a €3.9 billion request for EU recovery funds, followed by another in November; the "Greece 2.0" plan revision adds projects, not cuts; GEC Terna's energy portfolio is valued at €600 million; the Elpedison sale is complete; and infrastructure delays at Ellinikon are reported.

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Industry, Innovation, and Infrastructure

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What is the immediate impact of Greece's upcoming submission of its sixth request for EU recovery funds?

Greece is set to submit its sixth request for €3.9 billion in Recovery and Resilience Facility funds in the coming days, with a seventh request expected in November. The national plan, "Greece 2.0," will be revised, adding new projects and boosting existing ones without reducing funding.

cbsnews.com

🌐 85% Global Worthiness

Jul 15, 07:12

Pennsylvania to Invest $70 Billion in AI and Energy Development

President Trump, cabinet members, and global leaders will convene at Carnegie Mellon University on Tuesday for the Pennsylvania Energy and Innovation Summit, where Senator Dave McCormick will announce a $70 billion investment in AI and energy development, creating jobs and boosting the state's econo...

Pennsylvania to Invest $70 Billion in AI and Energy Development

President Trump, cabinet members, and global leaders will convene at Carnegie Mellon University on Tuesday for the Pennsylvania Energy and Innovation Summit, where Senator Dave McCormick will announce a $70 billion investment in AI and energy development, creating jobs and boosting the state's econo...

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Decent Work and Economic Growth

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How does Western Pennsylvania's existing infrastructure and workforce contribute to its potential as a leading AI hub?

This investment aims to stimulate job growth, boost the state's economy, and improve the fiscal health of municipalities. Western Pennsylvania's existing energy resources, computational capacity, and skilled workforce position it to lead in the AI economy.

forbes.com

🌐 90% Global Worthiness

Jul 11, 13:13

Trump Condemns Putin, Considers Sanctions on Russian Oil Buyers

President Trump condemned Vladimir Putin's actions in Ukraine, promising increased defensive weapons for Ukraine following Russia's recent escalation of missile and drone attacks on major cities, while simultaneously considering a bipartisan Senate bill imposing a 500% tariff on countries buying Rus...

Trump Condemns Putin, Considers Sanctions on Russian Oil Buyers

President Trump condemned Vladimir Putin's actions in Ukraine, promising increased defensive weapons for Ukraine following Russia's recent escalation of missile and drone attacks on major cities, while simultaneously considering a bipartisan Senate bill imposing a 500% tariff on countries buying Rus...

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Peace, Justice, and Strong Institutions

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What prompted President Trump's significant shift in tone regarding Vladimir Putin and Russia's actions in Ukraine?

President Trump's recent criticism of Vladimir Putin marks a significant shift in his rhetoric, moving from previous pro-Putin statements to condemning Russia's actions in Ukraine and promising increased defensive weapons to Ukraine. This change comes in response to a recent escalation in Russian missile and drone attacks on major Ukrainian cities, including Kyiv.

lefigaro.fr

🌐 85% Global Worthiness

Jul 8, 10:14

Algeria and Italy Sign \$1.35 Billion Energy Deal

Algeria's Sonatrach and Italy's ENI signed a \$1.35 billion, 30-year (plus 10-year extension) contract for hydrocarbon exploration and production at the Zemoul El Kbar site in Algeria's Berkine Basin, aiming to recover 415 million barrels of oil equivalent, including 9.3 billion cubic meters of natu...

Algeria and Italy Sign \$1.35 Billion Energy Deal

Algeria's Sonatrach and Italy's ENI signed a \$1.35 billion, 30-year (plus 10-year extension) contract for hydrocarbon exploration and production at the Zemoul El Kbar site in Algeria's Berkine Basin, aiming to recover 415 million barrels of oil equivalent, including 9.3 billion cubic meters of natu...

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What is the significance of the new \$1.35 billion energy deal between Algeria and Italy, considering the current geopolitical energy landscape?

Sonatrach, Algeria's state-owned oil company, and Italy's ENI signed a \$1.35 billion deal for hydrocarbon exploration and production in Algeria's Berkine Basin. The 30-year contract, potentially extendible by 10 years, aims to recover 415 million barrels of oil equivalent, including 9.3 billion cubic meters of natural gas. This builds upon previous agreements to increase Algerian gas exports to Italy.

kathimerini.gr

🌐 75% Global Worthiness

Jul 8, 01:17

Greece on High Alert for Heatwave-Induced Power Outages

To maintain Greece's electricity supply during a heatwave, ADMIE, DEDDIE, and RAE are on alert, with technicians recalled and spare parts available; a new 870 MW natural gas plant and lignite units are on standby. A European Union Task Force also convened to address energy challenges.

Greece on High Alert for Heatwave-Induced Power Outages

To maintain Greece's electricity supply during a heatwave, ADMIE, DEDDIE, and RAE are on alert, with technicians recalled and spare parts available; a new 870 MW natural gas plant and lignite units are on standby. A European Union Task Force also convened to address energy challenges.

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Affordable and Clean Energy

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How does the readiness of the Greek power grid to handle the heatwave relate to broader issues of energy security and infrastructure resilience?

The Greek government's proactive approach to managing electricity demand during the heatwave reflects concerns about potential grid overloads and blackouts. The collaboration between operators and the Ministry, including a new gas plant and standby lignite units, aims to prevent disruptions and highlights the importance of ensuring energy security during peak demand.

theglobeandmail.com

🌐 75% Global Worthiness

Jul 7, 19:15

Shell Q2 Earnings to Fall Short of Expectations Due to Downstream Weakness

Shell's Q2 earnings are expected to be hit by weaker integrated gas trading, losses in chemicals and products (due to US plant maintenance and lower trading), despite increased oil production; the company is exploring strategic options for its chemicals assets.

Shell Q2 Earnings to Fall Short of Expectations Due to Downstream Weakness

Shell's Q2 earnings are expected to be hit by weaker integrated gas trading, losses in chemicals and products (due to US plant maintenance and lower trading), despite increased oil production; the company is exploring strategic options for its chemicals assets.

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Affordable and Clean Energy

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What are the primary factors impacting Shell's projected second-quarter earnings, and what are the immediate consequences?

Shell's second-quarter earnings will be lower than expected due to weaker trading in its integrated gas division and losses in chemicals and products operations. Unplanned maintenance at its Monaca polymer plant and lower trading in its chemicals and products business contributed to this decline. Shell shares fell 2.8 percent following this announcement.

themoscowtimes.com

🌐 85% Global Worthiness

Jul 15, 22:12

Kazakhstan Bypasses Russia, Starts Power Plant Construction

Kazakhstan started building a 240-megawatt combined heat and power plant (CHPP) in Kokshetau using domestic funds after delays in securing promised low-interest financing from Russia for a $2.7 billion energy deal, potentially impacting other projects.

Kazakhstan Bypasses Russia, Starts Power Plant Construction

Kazakhstan started building a 240-megawatt combined heat and power plant (CHPP) in Kokshetau using domestic funds after delays in securing promised low-interest financing from Russia for a $2.7 billion energy deal, potentially impacting other projects.

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Affordable and Clean Energy

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What are the immediate consequences of Russia's delayed funding for the Kazakhstan energy deal?

Kazakhstan has started constructing a 240-megawatt combined heat and power plant (CHPP) in Kokshetau using domestic funds due to delays in securing promised low-interest financing from Russia. This decision follows months of waiting for confirmation of Russian funding for a $2.7 billion energy deal, impacting three planned CHPPs.

aljazeera.com

🌐 90% Global Worthiness

Jul 13, 07:11

Russia's Ukraine Attacks, North Korea's Support, and Slovakia's Gas Stance

On July 13th, Russia launched air attacks across Ukraine, killing at least two and wounding 38, while the UN reported June as the deadliest month for civilians in three years. North Korea pledged support for Russia, and Slovakia blocked EU sanctions over Russian gas.

Russia's Ukraine Attacks, North Korea's Support, and Slovakia's Gas Stance

On July 13th, Russia launched air attacks across Ukraine, killing at least two and wounding 38, while the UN reported June as the deadliest month for civilians in three years. North Korea pledged support for Russia, and Slovakia blocked EU sanctions over Russian gas.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of Russia's recent air attacks on Ukraine, and how do these actions impact civilian populations and international relations?

On July 13th, Russian air attacks killed at least two and wounded 38 more in western Ukraine, damaging civilian infrastructure across the country. Russia claimed to target military sites, while the UN reported June's civilian casualties as the highest in three years, with 232 killed and 1,343 injured.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 8, 07:16

China's Electricity Demand to Grow 4-6.5% in 2025, Driven by Economic Growth and Renewable Energy Expansion

China's electricity demand is projected to increase by 4-6.5 percent in 2025, reaching 10.3 trillion kWh, driven by economic growth and increased consumption in various sectors; this will be met by a 19.2 percent increase in power generation capacity, with renewable energy exceeding 45 percent of th...

China's Electricity Demand to Grow 4-6.5% in 2025, Driven by Economic Growth and Renewable Energy Expansion

China's electricity demand is projected to increase by 4-6.5 percent in 2025, reaching 10.3 trillion kWh, driven by economic growth and increased consumption in various sectors; this will be met by a 19.2 percent increase in power generation capacity, with renewable energy exceeding 45 percent of th...

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Affordable and Clean Energy

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What is the projected growth of China's electricity demand in 2025, and what are the primary contributing factors?

China's electricity demand is projected to grow by 4-6.5 percent in 2025, reaching 10.3 trillion kWh, a 5 percent increase from 2024. This growth is driven by a 5 percent GDP increase and strong growth in sectors like services (9.5 percent increase) and transportation (8 million more EVs).

forbes.com

🌐 85% Global Worthiness

Jul 8, 19:20

AI Adoption Accelerates in Energy and Chemicals: A Coordinated Approach is Key

Competitive pressures and global energy demand uncertainty are driving rapid AI adoption in energy and chemical companies' smart operations, utilizing technologies like predictive maintenance and advanced robotics; however, a coordinated approach is crucial for success, considering impacts on workfl...

AI Adoption Accelerates in Energy and Chemicals: A Coordinated Approach is Key

Competitive pressures and global energy demand uncertainty are driving rapid AI adoption in energy and chemical companies' smart operations, utilizing technologies like predictive maintenance and advanced robotics; however, a coordinated approach is crucial for success, considering impacts on workfl...

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Industry, Innovation, and Infrastructure

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What are the primary drivers for the increased adoption of AI in smart operations within the energy and chemicals industry, and what are the immediate consequences?

Energy and chemicals companies are accelerating AI adoption in smart operations due to competitive pressures and uncertainties in global energy demand. This involves using AI for equipment failure prediction, advanced robotics, and optimized maintenance, enabling them to achieve more with fewer resources. However, siloed initiatives often hinder the desired business outcomes.

cincodias.elpais.com

🌐 65% Global Worthiness

Jul 8, 07:16

Repsol Completes Gespevesa Acquisition, Ending Joint Venture with El Corte Inglés

Repsol finalized its acquisition of El Corte Inglés's stake in Gespevesa, their joint gas station venture, in December 2024, transferring 40 stations and over 500 employees to its Campsa subsidiary, resulting in a decreased revenue of €39 million for Gespevesa in 2024 compared to the previous year.

Repsol Completes Gespevesa Acquisition, Ending Joint Venture with El Corte Inglés

Repsol finalized its acquisition of El Corte Inglés's stake in Gespevesa, their joint gas station venture, in December 2024, transferring 40 stations and over 500 employees to its Campsa subsidiary, resulting in a decreased revenue of €39 million for Gespevesa in 2024 compared to the previous year.

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How did the shift in ownership and management of the gas stations affect Gespevesa's financial performance in 2024?

The acquisition reflects Repsol's strategic shift to consolidate its gas station network. The transfer of assets and personnel from Gespevesa to Campsa streamlined operations and increased Repsol's direct control. The resulting €500,000 loss in 2024 for Gespevesa is significantly lower than the €4.1 million loss in 2023, suggesting operational improvements despite revenue decline.

smh.com.au

🌐 75% Global Worthiness

Jul 4, 10:14

Watt Faces Backlash Over Secret Woodside Approval Conditions

Australia's Environment Minister approved Woodside's 50-year North West Shelf gas project extension with undisclosed conditions, defying his transparency pledge and drawing criticism from conservation groups concerned about environmental and cultural impacts.

Watt Faces Backlash Over Secret Woodside Approval Conditions

Australia's Environment Minister approved Woodside's 50-year North West Shelf gas project extension with undisclosed conditions, defying his transparency pledge and drawing criticism from conservation groups concerned about environmental and cultural impacts.

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Climate Action

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What are the specific conditions imposed on Woodside for the North West Shelf extension, and why are they being kept secret?

Australia's Environment Minister, Murray Watt, approved Woodside's 50-year North West Shelf extension with undisclosed conditions, defying his own commitment to transparency. This decision, following internal recommendations to keep conditions private until after a UNESCO meeting, sparked criticism from the Australian Conservation Foundation (ACF). ACF highlights the environmental and cultural implications, demanding public access to the conditions and consultation.

Showing 109 to 120 of 576 results