Chevron goes ahead with Cyprus drilling

Chevron goes ahead with Cyprus drilling

Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically split island as well as neighbor relations. According to Upstream, Chevron has started drilling a key appraisal well on its 4.5-trillion-cubic foot Aphrodite gas discovery, aimed at boosting certainty over a planned $3.6 billion project. … Read more

Oil prices drop 5% on concerns over economy and potential debt default

Oil prices drop 5% on concerns over economy and potential debt default

Oil prices experienced their biggest one-day percentage decline since early January, with Brent futures and West Texas Intermediate crude falling around 5% to a five-week low. The fall was fueled by increased concerns about the economy as US politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. … Read more

“RWE Renewables Europe & Australia: A Leading Player in Onshore Wind Power and Solar Energy”

“RWE Renewables Europe & Australia: A Leading Player in Onshore Wind Power and Solar Energy”

In the areas of onshore wind power and solar power, RWE Renewables Europe & Australia is one of the largest electricity producers in Europe and has risen to become a “super player” in renewable energies. With the comprehensive “Growing Green” investment and growth strategy, the entire group is expanding its powerful and green generation capacity … Read more

CATL Introduces High-Energy-Density Battery, Potential Breakthrough for Electric Cars

CATL Introduces High-Energy-Density Battery, Potential Breakthrough for Electric Cars

The battery was introduced by the Chinese giant CATL in mid-April without much attention from the Czech media. According to the company, the impact on the battery market, but also on other areas connected with them, could be significant. All the more so when, unlike Tesla boss Elon Musk, CATL has so far fulfilled its … Read more

“British Gas Offers Half-Priced Electricity Bill for Off-Peak Energy Use”

“British Gas Offers Half-Priced Electricity Bill for Off-Peak Energy Use”

Turn off washing machines, dishwashers and other energy-intensive appliances, and we’ll charge you only half the electricity bill. That’s what the action offered by the British energy company British Gas to its customers could be called. They will be able to save if they use energy-intensive appliances off-peak on Sundays. Every customer of the company … Read more

“Food Inflation Slightly Down, But Fuel and Vegetable Prices Rise: April Inflation Report”

“Food Inflation Slightly Down, But Fuel and Vegetable Prices Rise: April Inflation Report”

While food inflation (including alcoholic beverages) has risen sharply over the past year, it is now down very slightly. It still reached 16.64% in April, against 17.02% in March. The contribution of food products to inflation is currently 3.19 percentage points. Core inflation, which does not take into account the evolution of the prices of … Read more

“How to Negotiate Better Energy Prices with Suppliers in 2021”

“How to Negotiate Better Energy Prices with Suppliers in 2021”

Energy is getting cheaper on world markets and their domestic suppliers are coming up with offers below the government’s price ceiling. According to experts, the time is coming to negotiate better conditions with suppliers, or consider changing them. Wholesale energy prices have been falling throughout the first quarter of this year, and some suppliers are … Read more

The Minister of Energy commented on the low salaries of MAEC workers in Mangistau

The Minister of Energy commented on the low salaries of MAEC workers in Mangistau

Minister notedthat in the energy sector, the average salary of production personnel is 150-200 thousand tenge. – This is the hardest work. Round the clock work. The complex operates day and night. There are issues of accidents, industrial injuries, safety and labor protection. There are no other sources of financing, except for tariffs, the republican … Read more

“Energy Company Malina Faces Criminal Investigations and Customer Complaints”

“Energy Company Malina Faces Criminal Investigations and Customer Complaints”

Several criminal reports have already been filed in the case, which, according to PrĂ¡va, are being investigated by the police. The company is struggling with securing a large number of orders, having received around five thousand orders for the installation of photovoltaic power plants on houses this year. That’s more than she can handle, having … Read more