Επιλεγμένες Ειδήσεις από New Europe

Shell Cuts Spending But Pursues Arctic

Shell Cuts Spending But Pursues Arctic

Feeling the pinch of the sharp crude oil price drop,energy giant Royal Dutch Shell said on January 29 that it plans to cut spending by $15 billion.

Saudi Arabia Cannot Kill US Shale Production

Saudi Arabia Cannot Kill US Shale Production

The collapse in crude oil price was increased by the Saudi-led OPEC decision to maintain production in the face of an emerging glut of supply. It is no secret that Riyadh wanted to knock out higher-cost production, with the obvious target the US shale industry which, after increasing US oil production by about a third in four years, was reducing the oil market share of the Organization of Petroleum Exporting Countries.

First EU - Greece Clash Over Ukraine

First EU - Greece Clash Over Ukraine

Greece objects to the Statement of the Heads of State or Government published today by the European Council and is accusing the Council as well as EEAS and Federica Mogherini for proceeding without Greece's consent, just minutes after the new Prime Minister, Alexis Tsipras took office in Athens.

Greece Does Not Agree With Spirit of Sanction Against Russia Dpt. Foreign Minister

Greece Does Not Agree With Spirit of Sanction Against Russia Dpt. Foreign Minister

“We do not agree with the spirit of the sanctions against Russia, which has adverse repercussions not only in agriculture as far as the economy of our country is concerned, but also more generally," Alternate Foreign Minister for European Affairs Nikos Chountis said in an interview with ANA-MPA, the semi-official Greek news agency.

The New Greece and NATO’s World of Warcraft

The New Greece and NATO’s World of Warcraft

The crash of a GreekF-16military aircraft in Spain on Monday, on the very day of the inauguration of the new Greek prime minister, leader of the radical left Alexis Tsipras, could seem like abad omen for Greece’s status in NATO.

Azerbaijan EU Step Up Southern Gas Corridor Efforts

Azerbaijan EU Step Up Southern Gas Corridor Efforts

On February 12, the first meeting of the advisory council for the Southern Gas Corridor will be held in Baku, Azerbaijan, an important alterative supplier for the EU, the head of Azerbaijan’s Mission to the EU told New Europe.

The DNA of Voting Greeks - A Parable

The DNA of Voting Greeks - A Parable

I am Greek. To be Greek it is not an ethnicity, it is not a nationality and it is not even a profession. To be Greek is a state of mind and it is a full-time job.

Losers in Athens and in Brussels

Losers in Athens and in Brussels

Anti-bailout and anti-austerity forces in Greece and , indeed, across Europe have certainly every reason to rejoice after the results of yesterday's snap election.

Beset by Low Oil Prices the Kashagan Saga Continues

Beset by Low Oil Prices the Kashagan Saga Continues

Speaking about the current fall in oil prices, it would not be fair not to tell about the fate of Kashagan (North-Caspian project) which is the main trump project of Kazakhstan.

King Abdullah’s Death Upsets Oil Markets

King Abdullah’s Death Upsets Oil Markets

The death of powerful King Abdullah of Saudi Arabia, the kingpin of the Organization of Petroleum Exporting Countries (OPEC), spiked oil prices although his successor may well follow Riyadh’s previous policy of not cutting the kingdom’s immense crude production.

Draghi Announces ECB Asset - Purchase Plan of 60 Billion Euros a Month

Draghi Announces ECB Asset - Purchase Plan of 60 Billion Euros a Month

As was eagerly expected,the ECB announced that it will start buying its 19 member states’ bonds next month, in a process also known as quantitative easing (QE), that is:large-scale purchases of government bonds with newly printed money to stimulate Eurozone's sluggish economy.

Despite Sanctions, Exxon, Rosneft Tap Russian Arctic Field

Despite Sanctions, Exxon, Rosneft Tap Russian Arctic Field

Despite US and the EU sanctions targeting Russia’s big Arctic and Siberia shale oil ambitions, US major Exxon Mobil and Russian state oil company Rosneft have begun producing from the third and final field of theSakhalin-1 offshore project in Russia’s Far East.

Total Cuts North Sea Projects After Oil Price Drop

Total Cuts North Sea Projects After Oil Price Drop

On January 21, Total CEO Patrick Pouyanne said the French energy major will cut spending on ageing North Sea fields after the recent plunge in oil prices. A string of companies with operations in the North Sea, including British super-major BP, announced plans toscale backtheir interest as oil prices continue to fall.

As Elections Loom Greece Wants To Be EU’s Energy Catalyst

As Elections Loom Greece Wants To Be EU’s Energy Catalyst

As Greece prepares for crucial vote on January 25 which could put radical leftwing Syriza into power, the Mediterranean country is pursuing a number of energy projects that could boost the energy security of the Balkans and the whole European Union.