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Eurogroup Agrees on Backstop Role for ESM’s Bailout Fund at Schäuble’s Last Meeting

Τρι, 10 Οκτωβρίου 2017 - 18:25

As the last Eurogroup meeting for the German finance minister Wolfgang Schäuble came to an end in Luxembourg, the eurozone finance ministers debated on Monday on a future backstop role of the European Stability Mechanism (ESM) and the future of the European Monetary Union (EMU)

Gazprom, Saudi Aramco Sign MoU in the Gas Sector

Τρι, 10 Οκτωβρίου 2017 - 18:25

Russian gas giant and Saudi Aramco have signed a Memorandum of Understanding for international cooperation in the gas sector. Viktor Zubkov, Chairman of the Gazprom Board of Directors, and Amin H. Nasser, President and CEO of Saudi Arabian Oil Company, signed the document on October 6 in Moscow on the margins of the official visit to Russia by Saudi King Salman

Turkey Hopes Serbia Will Be Included in TurkStream

Τρι, 10 Οκτωβρίου 2017 - 18:24

Turkey hopes natural gas from the TurkStream natural gas pipeline will eventually reach Serbia, Turkish President Recep Tayyip Erdogan said on Tuesday. Erdogan and Serbian President Aleksandar Vucic held a joint press conference at the Palace of Serbia in Belgrade where the gas pipeline was up for discussion

Statoil Makes Small Oil Discovery on UK Cont. Shelf

Δευ, 9 Οκτωβρίου 2017 - 17:25

Norway's Statoil and partners made an oil discovery in the Verbier sidetrack well, on the U.K. continental shelf, the company announced on Monday. Statoil said the preliminary discovery proves a minimum of 25 million recoverable barrels of oil and up to 130 million barrels

FDP Wants to Cut Off Greece from the Eurozone

Δευ, 9 Οκτωβρίου 2017 - 17:23

The German Free Democratic Party (FDP) leader Christian Lindner has been demanding a change of policy towards the Eurozone to enter the government

Ocean’s 28: EU Wants Cleaner Seas

Δευ, 9 Οκτωβρίου 2017 - 17:22

In Malta, the 28 members of the European Union have announced an ambitious package of 36 EU-initiatives to foster healthier, cleaner, safer and more secure seas. More than €6 billion have been committed by public and private actors at the EU-hosted Our Ocean conference 2017 in Malta on October 5-6, to better manage the oceans

Gazprom, CNPC, and KazMunayGas to Boost Strategic Cooperation

Παρ, 6 Οκτωβρίου 2017 - 17:31

On October 5 at the 7th St Petersburg International Gas Forum, Russian gas giant Gazprom, China National Petroleum Corporation (CNPC) and Kazakhstan national oil and gas company KazMunayGas signed a Memorandum of Understanding in long-term strategic cooperation in the natural gas vehicle (NGV) market, including via developing the natural gas filling infrastructure at the Europe – China international transport corridor

TANAP Set for Completion Ahead of Schedule: Albayrak

Παρ, 6 Οκτωβρίου 2017 - 17:30

The Trans Anatolian Natural Gas Pipeline (TANAP) will be completed ahead of scheduled date, if all goes as planned, Turkey's Energy and Natural Resources Minister Berat Albayrak said during his visit on Thursday to the Dardanelles (Canakkale) Strait where the sub-sea section of the pipeline project is being laid.

Romanian Investigation on Waste Oil Management Targets Toyota Dealer

Παρ, 6 Οκτωβρίου 2017 - 17:28

Romanian police officers carried out searches at several companies yesterday, including at Mercedes and Toyota dealers, in a tax evasion case related to waste oil management services. The prosecutors have calculated possible damages of EUR 29 million

Italy’s ENI Successfully Drills New Well Offshore Mexico

Πεμ, 5 Οκτωβρίου 2017 - 14:20

Italian energy major ENI has said the company successfully drilled the Miztón-2 well, in the shallow waters of Campeche bay, offshore Mexico, boosting the estimates of the resource in place for Contractual Area 1 to over 1.4 billion barrels of oil equivalent (BOE)

Inter Fin. Corp. Loans $100M to Turkish Tupras Refinery

Πεμ, 5 Οκτωβρίου 2017 - 14:19

The International Finance Corporation (IFC) granted a seven-year loan of approximately $100 million to Turkey’s oil refiner and largest industrial company, Tupras, IFC announced on Wednesday. IFC, a member of the World Bank group, granted the Ioan to support Tupras' investment plans for environmental upgrades, improvements in efficiency, and research and development activities, IFC said in the press release

IEA: Energy Efficiency Gains at Risk of Slowing Down Without Renewed Government Focus

Πεμ, 5 Οκτωβρίου 2017 - 14:17

The recent acceleration in global energy efficiency gains risks slowing down if governments do not maintain their focus on implementing new efficiency policies, according to a new report by the International Energy Agency (explore the report)

Brussels Fines Lithuanian Railways €28m

Τετ, 4 Οκτωβρίου 2017 - 19:30

Lithuanian Railways (Lietuvos geležinkeliai) has been fined €28m by the European Commission for violating the European Union’s antitrust rules

SPI Energy Buys 7.4 MW of Solar in Northern Greece

Τετ, 4 Οκτωβρίου 2017 - 19:29

Cyprus-based SP Orange Power entered into a framework share purchase agreement on September 20, 2017. The company will acquire 100% equity interests in Thermi Sun S.A, Heliohrisi S.A., and Heliostixio, S.A, which are subsidiaries of Thermi Taneo Venture Capital Fund (TTVCF), for €16.65 million

IEA: Solar PV Grew Faster Than Any Other Fuel in 2016, Opening a New Era for Solar Power

Τετ, 4 Οκτωβρίου 2017 - 19:28

New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal

Gazprom and Delek Ink MoU for Natural Gas Vehicle Fuel

Τρι, 3 Οκτωβρίου 2017 - 18:20

Russian energy giant Gazprom and Israeli Delek signed an agreement to cooperate in Israel's Natural Gas Vehicle (NGV) market, Gazprom announced on Monday. The companies will jointly examine the possibilities of using natural gas as a fuel for vehicles - road, rail and water transport, as well as special equipment for agricultural, material-handling and other equipment in Israel, according to the press release