English Edition

Powerful US Hurricane Weakens After Massive Damage

Δευ, 28 Αυγούστου 2017 - 19:23

Harvey was downgraded Saturday to a tropical storm after the Category 4 hurricane caused heavy damage and electrical outages for nearly 400,000 homes and businesses across the Texas coast. Some homes and business were completely destroyed as the storm poured nearly 20 inches (0.5 meters) of rain and caused a surge of more than 6 feet in some areas

Romania's Natural Gas Consumption Surges By 22% in 1H17

Παρ, 11 Αυγούστου 2017 - 16:52

Romania's natural gas consumption increased by 22 percent in the first half of 2017 year-on-year, Romania's state-owned gas producer Romgaz announced on Friday. The company said that after recording a reduction of natural gas consumption of approx. 4.6 percent in 2015 and of approx. 1.9 percent in 2016, Romania experienced a consumption revival in 2017 as natural gas consumption increased by approx. 22 percent in the first half of the year

Iran, Russia, Turkey to Develop Joint Oil, Gas Projects

Παρ, 11 Αυγούστου 2017 - 16:51

Companies in Iran, Russia and Turkey signed an agreement to fund and develop oil and gas fields, the Islamic Republic News Agency (IRNA) reported on Wednesday. A private Iranian company, Ghadir Exploration and Production Company, Russian state-controlled oil company JSC Zarubezhneft and Turkish energy company, Unit International signed the cooperation agreement, according to IRNA's news story

IEA Says Strong Oil Demand Growth Helping Market Rebalance

Παρ, 11 Αυγούστου 2017 - 16:50

World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday

Turkish and German Company Join for Solar Energy Plants

Τετ, 9 Αυγούστου 2017 - 17:28

Turkey's Prime Enerji and Germany's Intec Energy Solutions partnered to build two solar energy plants with a total capacity of 4.4 megawatts in Turkey, Prime Enerji said on Wednesday. The projects will be located in Turkey's western cities of Bursa and Balikesir

Poland’s PGNiG to Sign LNG Contracts

Τετ, 9 Αυγούστου 2017 - 17:27

To take advantage of an expected supply gut, the Polish gas firm PGNiG is expected to sign short and mid-term contracts for liquefied natural gas by mid-2018. In an interview with the Reuters news agency, the firm’s vice-president Maciej Wozniak said: "For a few months we have been in talks with our partners on further LNG supplies to Poland. Of course, we are talking not only to American contractors.”

«Dodgy» Greenhouse Gas Data Threatens Paris Accord

Τετ, 9 Αυγούστου 2017 - 17:25

Potent, climate-warming gases are being emitted into the atmosphere but are not being recorded in official inventories, a BBC investigation has found. Air monitors in Switzerland have detected large quantities of one gas coming from a location in Italy

Bulgaria’s Bulgargaz Turns to Net Loss in H1

Δευ, 7 Αυγούστου 2017 - 17:59

Bulgarian state-owned natural gas supplier Bulgargaz said it turned to a net loss of 14.5 million levs ($8.75 million/7.4 million euro) in the first half of 2017, from a net profit of 35.4 million levs in the like period of 2016

Scottishpower Approved for 1.2 GW Offshore Wind Project

Δευ, 7 Αυγούστου 2017 - 17:59

ScottishPower Renewables received planning approval from the Secretary of State for Business, Energy and Industrial Strategy for its 1.2-gigawatt offshore wind farm off the coast of Norfolk on Monday

Electricity Prices in Romania Spike Again

Παρ, 4 Αυγούστου 2017 - 12:30

Romania’s spot market recorded the highest electricity price in Europe yesterday, namely EUR 125 per MWh. The only country that recorded similar prices was Hungary, which is interconnected to Romania

Oil Prices Dip on High OPEC Supplies, Rising U.S. Production

Παρ, 4 Αυγούστου 2017 - 12:29

Oil markets were little changed on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $48.95 per barrel at 0707 GMT, down 8 cents, or 0.1 percent, from their last close and set to drop 1.5 percent for the week

Iraq-Iran Oil Deal Unconstitutional: Kurdish Reg. Gov.

Παρ, 4 Αυγούστου 2017 - 12:28

Kurdish Regional Government (KRG) officials declared that the oil deal signed between the central government in Baghdad and Iran without the consultation of the KRG is unconstitutional and would not be successful, Kirkuk officials said on Thursday

The Use of Renewable Energy in Bulgaria Grew by Almost 10%

Πεμ, 3 Αυγούστου 2017 - 18:46

The consumption of energy from renewable sources has increased by nearly ten percent in Bulgaria during the first seven months of 2017, according to data from the Electricity System Operator, announced on Wednesday, reports Mediapool

Support for Shale Fracking Drops in UK

Πεμ, 3 Αυγούστου 2017 - 18:45

Support for fracking, the process of pumping pressurized water and chemicals into the earth to extract shale oil and gas, dropped to 16 percent in the U.K. from 21 percent a year ago, the U.K. government's data showed on Thursday

Russia to Develop More Vietnam Offshore Projects

Πεμ, 3 Αυγούστου 2017 - 18:44

Russian oil giant Rosneft said on August 2 that its subsidiary, Rosneft Vietnam, plans to drill another 3 wells as part of development of Vietnam offshore projects in 2018. Two production wells will be drilled at Block 06.1 aiming at development of prospective areas of Phong Lan Dai and Lan Do fields, Rosneft said in a press release on August 2, adding that one exploration well will also be drilled at the adjacent Block 05-3/11 also located in Nam Kon Son basin

Italian Snam, Albgaz to Cooperate for Albanian Gas Mkt.

Τρι, 1 Αυγούστου 2017 - 18:04

Italy's natural gas infrastructure company Snam and Albania’s gas infrastructure operator Albgaz agreed to collaborate in the development of Albania's gas market, the company announced on Monday. Both signed a memorandum of understanding (MoU) for developing collaboration to support the start and development of the country's gas market and infrastructure system that will be launched when the Trans Adriatic Project (TAP) pipeline transverses the country