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Azerbaijan Believes Global Oil Cut Deal Should Be Scrapped Sooner Than Planned

Τρι, 23 Μαΐου 2017 - 19:22

A global oil production cut deal should be scrapped sooner than planned, Azerbaijan's energy ministry said on Friday

EP to Increase the EU’s Share of Renewable Energy

Τρι, 23 Μαΐου 2017 - 19:20

A European Parliament Committee on Industry, Research, Telecoms and Energy (ITRE) draft report on the revision of the Renewable Energy Directive for the period 2021 – 2030 calls upon the European Union to raise its 2030 renewable energy target to at least 35% and re-introduce binding national targets for 2030

HELLENIC PETROLEUM Group Announces First Quarter 2017 Financial Results

Τετ, 17 Μαΐου 2017 - 19:14

HELLENIC PETROLEUM Group announced strong financial results, according to IFRS, with 1Q17 Adjusted EBITDA at €229m (+35%) and Adjusted Net Income at €126m (+80%). Benchmark refining margins remained at high levels and operational performance was improved in all Group activities

Romanian State-Owned Gas Transporter Transgaz Changes GM

Τετ, 17 Μαΐου 2017 - 19:13

Petru Vaduva resigned from the position of general manager of the Romanian state-owned gas transporter Transgaz Medias, invoking personal reasons. The company’s board appointed Ion Sterian, the current board president, as interim general manager, according to a press release issued by the company yesterday evening

China: World’s Most Attractive Renewables Market

Τετ, 17 Μαΐου 2017 - 19:13

China topped the list of the world’s most attractive renewable energy markets for 2017, Ernst & Young (EY) announced on Tuesday. China jumped to first place due to its green energy policies, the Renewable Energy Country Attractiveness Index (RECAI) showed

Sofia Mayor Fandakova: The Construction of Third Subway Line Goes Within Timeframes

Πεμ, 11 Μαΐου 2017 - 19:23

"The construction of the third sуbway line in Sofia goes within the time frames. I expect the preparation for the construction of 4 new metro stations to begin in the end of May", announced the Sofia Mayor Yordanka Fandakova, reported BNT

Bonn Talks Aim for 100% Renewable Energy Solutions

Πεμ, 11 Μαΐου 2017 - 19:22

Representatives from major organisations from all over the world gathered in Bonn on May 8 to discuss renewable energy presented solutions and strategies for achieving global 100% renewable energy, Global 100% RE Platform said in a press release

Oil Rises After U.S. Inventories Drop, Signals of OPEC Cut Extension

Τετ, 10 Μαΐου 2017 - 19:25

Oil prices rose on Wednesday after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts and U.S. crude inventories fell more than expected. But the rise failed to recoup last week's losses with concerns about rising output from the United States, Libya and Nigeria continuing to weigh

EU Clears Creation of German JV by Austria’s STRABAG and EVN

Τετ, 10 Μαΐου 2017 - 19:25

The European Commission said on May 8 that the EC has approved under the EU Merger Regulation the acquisition of joint control by STRABAG SE and EVN AG, both of Austria, over the joint venture Projektgesellschaft Geoenergie Bayern Projekt Garching a.d. Alz GmbH & Co. KG, of Germany

Gazprom Keen on TAP as Turkstream Link for EU: Expert

Τετ, 10 Μαΐου 2017 - 19:24

Gazprom has expressed interest in using the Trans Adriatic Pipeline (TAP) to link the second line of the TurkStream gas pipeline because TAP's route is already established, John Roberts, a senior fellow at Atlantic Council's Global Energy Center told Anadolu Agency on Wednesday

Steel from Romanian Railway Freight Company Sold Undervalued Scrap at Double the Price

Δευ, 8 Μαΐου 2017 - 13:56

Remat Calarasi, the purchaser of the scrap sold by the Romanian railway freight operator CFR Marfa at an undervalued scrap sale, was reselling the steel at double the price, according to a report of the prosecutors from the Directorate for Combating Organized Crime and Terrorism (DIICOT), quoted by News.ro

Construction of TurkStream's Offshore Section Starts

Δευ, 8 Μαΐου 2017 - 13:54

Construction of the offshore section of the TurkStream gas pipeline project commenced on Sunday in the Black Sea near the Russian coast, Gazprom announced on Sunday. The Audacia vessel owned by Allseas - the construction contractor for both strings of the gas pipeline's offshore section - is carrying out the pipe laying, according to the statement

Oversupply Fears Push Oil Prices to Five-Month Lows

Δευ, 8 Μαΐου 2017 - 13:53

Fears of oversupply pushed oil prices to five-month lows on May 5 despite signals that Russia is ready to join the Organization of Petroleum Exporting Countries in extending supply cuts. US WTI crude oil futures fell more than 3% in early trading to less than $44 a barrel, the lowest since November 14, Reuters reported. It fell 4% on May 4. Benchmark Brent also fell 3% to below $47, which is its lowest since November, when OPEC agreed to cut output