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Croatian Refiner INA Turns to Cons Net Profit in 2016

Croatian Refiner INA Turns to Cons Net Profit in 2016

Τετ, 1 Μαρτίου 2017 - 18:48

Croatian oil and gas company INA [ZSE:INA-R-A] said on Monday it turned to a consolidated net profit of 101 million kuna ($14.4 million/13.6 million euro) in 2016, from a net loss of 1.4 billion kuna last year, on the back of strong exploration and production

EU Approves Acquisition of Formosa 1 Wind Power by DONG Energy, Macquarie, Swancor

EU Approves Acquisition of Formosa 1 Wind Power by DONG Energy, Macquarie, Swancor

Τετ, 1 Μαρτίου 2017 - 18:45

The European Commission, the EU’s executive arm, said on March 1 that it has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa 1 International Investment Co., Ltd. of Taiwan by Denmark’s DONG Energy Wind Power Holding A/S, Australia’s Macquarie Corporate Holdings Pty Limited and Taiwan’s Swancor Holding Co., Ltd

European Council Agrees on Revision of Emissions System

European Council Agrees on Revision of Emissions System

Τετ, 1 Μαρτίου 2017 - 18:44

The European Council agreed its general approach for the review of the emission trading system (ETS), which will soon be followed by negotiations with the European Parliament, the Council announced in a statement late Tuesday

EVN, NEK Settle Old, Multi-Million Dispute

EVN, NEK Settle Old, Multi-Million Dispute

Παρ, 17 Φεβρουαρίου 2017 - 18:44

Austrian energy company EVN has reached an out-of-court settlement with the National Electric Company (NEK) on an old dispute dating back to 2012 – 2013. The amount is unknown but the Austrian group estimates that the funds agreed will raise its net profit for the current quarter by EUR 38 M

E.ON: Energy Prices Could Increase in Romania Starting April 1

E.ON: Energy Prices Could Increase in Romania Starting April 1

Παρ, 17 Φεβρουαρίου 2017 - 18:43

The electricity prices for household consumers could increase starting April 1 because of the high prices recorded on the bourse in January if the National Authority for Energy Regulation (ANRE) doesn’t take urgent measures to amend regulation, Frank Hajdinjak, general director of the energy group E.ON Romania, told Agerpres

Kazakhstan Increases Oil Production in 2016

Kazakhstan Increases Oil Production in 2016

Δευ, 13 Φεβρουαρίου 2017 - 18:48

Kazakhstan Energy Minister Kanat Bozumbayev reported about the overfulfilling the plan of energy production, as well as an increase the export of oil by a result of 2016, according to the press service of Akorda

EC Approves German Electric Vehicle Charging Plan

EC Approves German Electric Vehicle Charging Plan

Δευ, 13 Φεβρουαρίου 2017 - 18:47

The European Commission (EC) approved Germany's scheme to roll out a network of user-friendly infrastructure for charging electric vehicles across the country on Monday. According to the EC's announcement, the plan, which costs €300 million ($319 million) over four years, requires that electricity for the charging infrastructure comes from renewable energy sources with contracts awarded through an open and transparent tender procedure

All Turkish Cities to Reach Natural Gas

All Turkish Cities to Reach Natural Gas

Δευ, 13 Φεβρουαρίου 2017 - 18:47

Turkey's Energy Market Regulatory Authority (EMRA) announced on Monday that it will make two more tenders to issue gas distribution licences for 3 new cities, which will make natural gas available for every city in the country

EC Ready to Help Bulgaria Analyze the Need of Another NPP

EC Ready to Help Bulgaria Analyze the Need of Another NPP

Πεμ, 2 Φεβρουαρίου 2017 - 18:29

The European Commission is ready to provide expert analysis to Bulgaria about the need of another nuclear power plant, EC Vice-President for Energy Union Maroš Šefčovič told the Bulgarian National Radio

EDF to Cut 6 Pct of French Power Generation Jobs by 2019

EDF to Cut 6 Pct of French Power Generation Jobs by 2019

Πεμ, 2 Φεβρουαρίου 2017 - 18:28

France's EDF plans to cut around 6 percent of jobs at its French power generation unit between 2017-2019, equivalent to more than 4,000 positions, as part of a broader restructuring at the state-controlled utility, it said on Thursday

Energean Appoints TechnipFMC as Concept and Engineering Design Contractor for Karish and Tanin FPSO, Israel

Energean Appoints TechnipFMC as Concept and Engineering Design Contractor for Karish and Tanin FPSO, Israel

Πεμ, 2 Φεβρουαρίου 2017 - 18:27

Energean Oil & Gas ("Energean” or "the Company”) is pleased to announce that it has appointed TechnipFMC as the Concept and Front End Engineering Design (FEED) contractor for the Karish and Tanin development programme. This follows Energean’s recent decision to develop the Fields using a Floating Production, Storage and Offloading ("FPSO”) unit to facilitate the quickest route to market in line with the Government of Israel’s gas strategy

Sefcovic Says Opal Pipeline Controversy ‘Very Technical and Complex’

Sefcovic Says Opal Pipeline Controversy ‘Very Technical and Complex’

Δευ, 30 Ιανουαρίου 2017 - 19:35

European Commission Vice-President for Energy Union Maroš Šefčovič warned today (30 January) against over-simplifying how much capacity Gazprom could use of the Opal pipeline, which carries gas via Nord Stream under the Baltic Sea to Germany and the Czech Republic

Essen Becomes the European Green Capital for 2017

Essen Becomes the European Green Capital for 2017

Δευ, 30 Ιανουαρίου 2017 - 19:32

The town of Essen in Germany officially became the European Green Capital for 2017 on January 21. In a ceremony, European Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella and Essen Mayor Thomas Kufen reportedly launched the title year together in the handover of the title for 2017 from Ljubljana to Essen