English Edition

Azeri SOCAR, Norway's Statoil to Join Forces on Caspian

Πεμ, 21 Δεκεμβρίου 2017 - 18:17

Azerbaijan's state energy company SOCAR signed an agreement with Norway's Statoil for a joint exploration project on the Karabakh offshore oil and gas field and for other fields in the Caspian Sea, SOCAR announced on Wednesday

Katakolo Oil Reserves in Greece ‘Four Times Larger than Expected’

Πεμ, 21 Δεκεμβρίου 2017 - 18:15

The quantities of oil at Katakolo, western Peloponnese, are four times larger than initially estimated, Energean sources revealed on Thursday. Proven reserves amount to 10.7 million barrels, instead of the estimated three million barrels expected during the period of the tender

Eni Starts Production in Largest Gas Field in Mediterranean Sea

Τετ, 20 Δεκεμβρίου 2017 - 17:49

Italian Eni has produced its first gas from the supergiant Zohr field in a record time for this type of field of less than two and a half years, the company announced Wednesday. According to the statement, the field, with potential resources in excess of 30 trillion cubic feet of gas in place, or about 5.5 billion barrels of oil equivalent, started-up in less than two and a half years from its discovery

Qatargas Signs 5-Year LNG Deal With Austria's OMV

Τετ, 20 Δεκεμβρίου 2017 - 17:48

Qatargas and OMV signed a new agreement to supply 1.1 million tonnes of LNG per annum to the Austrian company for five years, Qatargas announced on Wednesday

TAP Likely to Attract European Bank Loans

Τετ, 20 Δεκεμβρίου 2017 - 17:47

Trans Adriatic Pipeline (TAP), which will initially deliver 10 billion cubic meters of Azeri gas to Europe, may find financing from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), according to statements from the banks

Potential European Market Rivals, Russia’s Gazprom, Iran’s NIOC Sign Gas Cooperation Deals

Τρι, 19 Δεκεμβρίου 2017 - 16:31

Gazprom said that the Russian gas giant has signed a deal with Iran to implement integrated projects for hydrocarbon production, transmission and processing in Iranian territory. Gazprom CEO Alexey Miller led a delegation from the Russian gas company to the Islamic republic on December 13 where he met with Iran’s Petroleum Minister Bijan Namdar Zangeneh

The Bulgarian Academy of Science Report About Belene NPP will be Published After Editing

Τρι, 19 Δεκεμβρίου 2017 - 16:29

The Belene NPP's report will be published after the sensitive commercial information in it has been deleted. This was stated by Academician Julian Revalski, President of the Bulgarian Academy of Sciences, to Darik Radio. He said he had a meeting in BEH on Monday to clarify trade secrets

EU to Tackle Climate Change

Τρι, 19 Δεκεμβρίου 2017 - 16:27

In an effort to drive Europe’s transition to a modern and clean economy, the European Parliament and Council on December 14 reached a provisional agreement on a key legislative proposal for implementing the EU’s 2030 climate objectives – on accounting of emissions from land use, land use change and forestry (LULUCF)

Turkey: Company Startups Up 25 % in November from 2016

Παρ, 15 Δεκεμβρίου 2017 - 16:20

Turkey saw a nearly 25 percent annual rise in the number of newly established companies in November, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced on Friday

Greece: Cosco Interested in Second Thriasio Tender

Παρ, 15 Δεκεμβρίου 2017 - 16:17

The government and Greece’s creditors have agreed that the contract for the concession to the ETVA BIPE - Goldair consortium of a freight center on a 0.59-square kilometer plot at Thriasio, western Attica, owned by state railway property firm Gaiaose, will be approved in Parliament by next month

Petrobras, Exxonmobil Form Oil & Gas Alliance

Παρ, 15 Δεκεμβρίου 2017 - 16:16

Brazilian energy firm Petrobras and ExxonMobil inked a memorandum of understanding in Rio de Janeiro on Thursday for a strategic alliance to jointly identify and evaluate potential business opportunities

Israel Awards Greek Energean 5 Offshore Exploration Licenses

Πεμ, 14 Δεκεμβρίου 2017 - 17:05

The Israeli Petroleum Commissioner awarded Greek Energean Oil & Gas five offshore exploration licenses within the Israeli Exclusive Economic Zone (EEZ), the company announced on Wednesday. The awarded licenses comprise blocks 12, 21, 22, 23 and 31, which were offered in Israel's first offshore bid round on Nov. 15

EIA Revises up Oil Price Forecast for 2017, 2018

Πεμ, 14 Δεκεμβρίου 2017 - 17:04

Crude oil price expectations have been revised up for this year and the next, the U.S. Energy Information Administration (EIA) said Tuesday. International benchmark Brent crude is now estimated to average $54 a barrel in 2017 and $57 per barrel in 2018, the EIA said in its Short-Term Energy Outlook (STEO) for December

World Oil Supplies Sees Monthly Rise in November: IEA

Πεμ, 14 Δεκεμβρίου 2017 - 17:03

Global oil supply increased by 200 thousand barrels per day in November to 97.8 million barrels per day (mb/d) compared to the previous month, according to the International Energy Agency’s (IEA) Thursday report

63% of Bulgarians Approve Government's Willingness to Build Belene NPP

Τετ, 13 Δεκεμβρίου 2017 - 17:53

63% of Bulgarians approve the government's willingness to build Belene NPP and 26% react negatively to the announcement. This shows the Gallup International research made among 800 people. According to the agency, there is a "traditional sympathy" for the Second Atomic Project

Turkey’s Simsek Warns: Beware of Bitcoin

Τετ, 13 Δεκεμβρίου 2017 - 17:45

Turkey’s deputy prime minister on Wednesday warned investors against betting on cryptocurrencies such as bitcoin. “Bitcoin surpasses tulip mania, which was the biggest asset bubble in the history of finance,” Mehmet Simsek said on Twitter, referring to the 17th-century Dutch craze for tulips