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Azerenerji Inaugurates Combined-Cycle Power Plant: 8th November

Azerenerji Inaugurates Combined-Cycle Power Plant: 8th November

Ansaldo Energia and officials from Azerbaijan and Italy celebrated the inauguration of the new “8th November” combined-cycle power plant in Mingachevir, Azerbaijan, marking another modernization milestone in the country’s energy infrastructure and...

Oil hits two-week low following ceasefire news

Oil hits two-week low following ceasefire news

LONDON — Oil prices extended losses to hit a two-week low on Tuesday after Israel agreed to US President Donald Trump’s proposal for a ceasefire with Iran, alleviating worries over supply disruptions in the Middle East. Brent crude futures were...

Amarin sells heart pill Vascepa's rights in Europe to Recordati amid restructuring bid

Amarin sells heart pill Vascepa's rights in Europe to Recordati amid restructuring bid

With sales of its lone product in a precipitous decline in the United States, Amarin has turned to an experienced local partner to boost them in Europe. Amarin has forged a licensing deal with Italian pharma Recordati to commercialize its fish...

3 Multibagger stocks to watch as Europe rearms and India ramps up defence spending

3 Multibagger stocks to watch as Europe rearms and India ramps up defence spending

Europe is rearming, and India is doubling down on its defence commitments. In response to rising geopolitical tensions, Europe recently unveiled the ReArm Europe Plan—its most ambitious push to strengthen its military capabilities. At the same...

Slovakia’s place in Europe’s economy is shifting

Slovakia’s place in Europe’s economy is shifting

Article continues after video advertisement Article continues after video advertisement Slovakia – once a model of post-communist convergence – is losing ground. After two decades of narrowing the gap in living standards with western Europe, the...

EU’s 18th Sanctions Package Faces Central European Roadblock

EU’s 18th Sanctions Package Faces Central European Roadblock

BRUSSELS, June 24 (Reuters) – European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on...

Ecobank to feature in GET.Invest green energy finance programme 

Ecobank to feature in GET.Invest green energy finance programme 

BY AKUDORO GLORIA Ecobank Nigeria has been chosen as one of five Nigerian banks to participate in the GET.Invest Enabling Domestic Green Energy (EDGE) Finance Programme. The initiative, funded by European donors, aims to enhance green energy...

Heavy industries to get power price relief under new EU state aid rules, draft document shows

Energy intensive industries will receive temporary electricity price relief under new EU state aid rules due to be announced on Wednesday, a European Commission draft showed. “Until the decarbonisation of the Union’s electricity system fully...

Donors support Ecobank’s renewable energy drive

Donors support Ecobank’s renewable energy drive

Ecobank Nigeria has emerged as one of the Nigerian banks to participate in the GET.Invest Enabling Domestic Green Energy Finance Programme to boost its green energy financing in the country. In a statement on Tuesday, the bank said that its...

71% of Italian companies will increase investments in Spain

71% of Italian companies will increase investments in Spain

More investments and more staff despite the climate of strong international geopolitical uncertainty. Italian companies active in Spain show growing optimism about future prospects: 71% plan to increase their financial commitment in this market (a...

Annual IPA Monitoring Committee Meets in Tirana to Assess EU Pre-Accession Assistance

Annual IPA Monitoring Committee Meets in Tirana to Assess EU Pre-Accession Assistance

The annual Monitoring Committee on the implementation of EU funds under the Instrument for Pre-Accession Assistance (IPA) convened today in Tirana, bringing together senior representatives from the Government of Albania, the European Union, civil...

Zelenskyy: Europe must raise defence spending to defeat Russia

Zelenskyy: Europe must raise defence spending to defeat Russia

Ukrainian president Volodymyr Zelenskyy has warned his European allies that Russia will undermine the continent’s postwar security if its invasion of his country succeeds. In a speech to the Dutch parliament, Zelenskyy said the “most decent life...

Reduction of price cap to USD45/barrel will not affect Russian oil exports, could hurt EU

The European Union’s possible reduction of the price cap for Russian oil will not have a negative impact on the country’s crude exports, Deputy Prime Minister Alexander Novak said, as per Interfax.”I can say that all impositions of price ceilings...

Siemens to open major data hub in Spain

Siemens to open major data hub in Spain

Siemens in Madrid, Spain. Credit: Manuel Esteban, Shutterstock Siemens will launch a cutting-edge data centre hub in Madrid, Spain, as the country emerges as a key player in Europe’s digital future. Siemens Smart Infrastructure has confirmed plans...

Government appoints REN Gas to manage dedicated hydrogen network

Government appoints REN Gas to manage dedicated hydrogen network

In a recent order, Maria da Graça Carvalho, the Minister of Environment and Energy, announced an interim appointment effective until the definitive designation of the responsible entity. This appointment follows the transposition of Directive (EU)...

IEA monitoring how US strikes on Iran nuclear sites impact oil and gas flows: Sadamori

The International Energy Agency is monitoring how the US strikes on Iran’s nuclear sites June 21 could impact oil and gas flows, Keisuke Sadamori, the IEA’s director of energy markets and security, told Platts, part of S&P Global Commodity...

CCC: Expensive electricity is biggest hurdle to Britain’s net-zero transition

CCC: Expensive electricity is biggest hurdle to Britain’s net-zero transition

This is the warning to Ministers today (25 June) from the UK Government’s official climate advisory body, the independent Climate Change Committee (CCC). The Committee has commended the current Government for its “bold policy decisions” to...

Marine battery maker AYK Energy secures DNV approval for ‘game changing’ new range

AYK Energy is set to ramp manufacturing of its latest range of marine batteries after receiving type approval from DNV. The classification society DNV, has approved AYK Energy’s Pisces, Pisces +, OrionAN, OrionAN+ as well as aluminum versions of...

ADX’s shallow gas push is a likely winner

ADX’s shallow gas push is a likely winner

Special Report: UK-based equity markets advisory Auctus Advisors continues to maintain a 30c price target for ADX Energy as it draws plans for a multi-well program to test shallow gas prospects in Austria. Auctus Advisors maintains 30c price...

Norway and France Agree to Cross-Border CO2 Transport and Storage

Norway and France Agree to Cross-Border CO2 Transport and Storage

Norway and France completed an agreement paving the way for transporting CO2 from French industrial emission sources to Norway for storage beneath the North Sea. It is a key step in expanding the fledgling carbon capture and storage industry and...

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