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Investments of $126 billion in floating production units for oil and LNG are expected by 2030

Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).

Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.

With the gathering scheduled to end Friday, delegates from nearly 200 nations had eagerly awaited COP29 hosts Azerbaijan's new proposal after two weeks of fraught bargaining.

China Grants Visa-Free Access to Bulgaria

China has announced that it will include several countries, including Bulgaria, Japan, Romania, Croatia, and Montenegro, in its visa-free access program. This program will be in effect from November 30 of this year until December 31 of the following year, according to a statement from a Chinese Foreign Ministry spokesperson, as reported by Reuters and BTA.

Netanyahu: From which countries he can be arrested after the warrant from the International Criminal Court

 

Arrest warrants issued yesterday against Israeli Prime Minister Benyamin Netanyahu, former Defense Minister Yoav Galland and the head of the armed forces department of Hamas Mohammed Daif represent a historic development for the International Criminal Court, which has been struggling for 22 years to have its jurisdiction recognized and to gain enforcement powers.

ADMIE signs agreement with China’s SGID for 20% stake in Ariadne interconnection

The Independent Power Transmission Operator (ADMIE) signed an agreement for the sale of a 20% stake in its subsidiary Ariadne Interconnection to State Grid International Development (SGID) of China on Thursday.

Ariadne Interconnection is the implementation agent for the linking of the Crete and Attica power grids.

Ancient Greece in China

An exhibition showcasing ancient Greek history and culture opened in Beijing on Thursday, offering a rare glimpse of artifacts on loan from Greek museums.

Titled "The Greeks: Agamemnon to Alexander the Great," the exhibition will run at the Capital Museum of China until May 18, 2025, before moving to Shanghai.

New exhibition in Beijing offers glimpse into ancient Greece

An exhibition featuring dozens of artifacts on loan from Greek museums opened to the public on Thursday in Beijing, offering a panoramic view of the history and culture of ancient Greece.

"The Greeks: Agamemnon to Alexander the Great" will run until May 18, 2025, at the Capital Museum of China, before moving to its next stop in Shanghai.

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