Thursday

28th Mar 2024

Ticker

Report: Turkey to buy huge gas-drilling ship

Turkey is close to completing purchase of a gas-drilling ship from Norwegian firm Dolphin Drilling in a move that bodes ill for EU relations. The ship was "legendary" and the "crown jewel" of the Norwegian fleet, Turkish pro-government newspaper Daily Sabah said Tuesday. Turkey is currently in talks to reduce tension with Cyprus and Greece after its three existing drilling vessels violated Cyprus-claimed waters in recent months, prompting EU sanctions.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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