English Edition

Iraq to Supply 12 Million Barrels of Oil to Egypt

Τρι, 23 Ιανουαρίου 2018 - 19:18

Iraq renewed a contract with Egypt to supply 12 million barrels of crude oil for one year, Iraq's Ministry of Oil announced on Monday. The Iraqi Ministry of Oil and the Egyptian Ministry of Petroleum agreed to renew the agreement starting from January 2018, which will be based on the same conditions as the former deal, Asim Jihad, spokesman of the Iraqi Oil Ministry, was quoted as saying

Trans Adriatic Pipeline 65% Completed: TAP Comm. Head

Τρι, 23 Ιανουαρίου 2018 - 19:17

The Trans Adriatic Pipeline (TAP) is on schedule with 65 percent of the project completed at the end of 2017, including engineering, procurement and construction, TAP Head of Communications Lisa Givert said Monday

Turkey's Inosolar Seeks German Coop. for Solar Factory

Δευ, 22 Ιανουαρίου 2018 - 19:17

Turkey's Istanbul-based EPC contractor, Inosolar, plans to open a solar panel factory in a partnership with Europe's largest independent solar energy company SolarWorld, Inosolar's chairman of the board told Anadolu Agency on Friday. Inosolar and Solarworld reached an agreement of exclusivity on Jan. 12 which authorises Inosolar as German producer's sole distributor in Turkey with an option to build a solar panel factory in central Anatolia

Austria to Sue EU Over Paks-2 Nuclear Plant, Commission Says ‘See You in Court’

Δευ, 22 Ιανουαρίου 2018 - 19:16

Austria said on Monday (22 January) it planned to sue the European Commission for allowing Hungary to expand its Paks nuclear power plant, saying it did not view atomic energy as the way to combat climate change or as being in the common European interest. Austria, which shares a border with Hungary, prides itself on supporting clean energy and does not have any nuclear plants of its own

The Construction of the Turkish Stream Terminal Started

Παρ, 19 Ιανουαρίου 2018 - 14:13

The construction of the reception terminal for the Turkish Stream gas pipeline starts on the Black Sea coast of Turkey

Air Quality: Brussels Calls Out Nine Member States that Break the EU’s Air Quality Limits

Παρ, 19 Ιανουαρίου 2018 - 14:12

The European Commission announced on Friday that a ministerial summit will be held at the end of the month on 30 January in Brussels, so that the EU executive will assist the member states which are subject to infringement procedures for non-compliance with the bloc’s standards on air quality

Greece, Cyprus, Jordan Heads of State Agree Renewable Energy Package

Παρ, 19 Ιανουαρίου 2018 - 14:04

A tripartite "historical” meeting among the heads of government of Greece, Cyprus and Jordan in Nicosia on January 16 strengthened relations between the three countries and paved the way for political and economic cooperation, including energy

Turkey Plans Second Canal to Link Black Sea with the Mediterranean

Τρι, 16 Ιανουαρίου 2018 - 18:53

Turkey will begin the tendering process for a new 45km canal to link the Mediterranean with the Black Sea, the minister of transport Ahmet Arslan announced on Monday. The plan is to deliver the mega-project by 2023, that is, in time for the centennial anniversary of the Turkish Republic

Norway Announces New Oil Licensing Round for 2018

Τρι, 16 Ιανουαρίου 2018 - 18:52

Norway's Oil Ministry announced a new licensing round in predefined areas offering 47 blocks in the Norwegian Sea and 56 blocks in the Barents Sea for 2018, the ministry announced late Monday. The ministry said the deadline for applications is Feb. 28

As Deepwater Horizon Claims Near Closure, BP to Take $1.7 Billion Post-Tax Non-Operating Charge

Τρι, 16 Ιανουαρίου 2018 - 18:52

On January 16, British energy giant BP said it expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business Economic Loss (BEL) and other claims associated with the Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement

EBRD Supports France’s Urbasolar in Kazakhstan

Δευ, 15 Ιανουαρίου 2018 - 19:29

The European Bank for Reconstruction and Development (EBRD) is supporting French company Urbasolar SAS in its plans to build a solar power plant in Kazakhstan, the bank announced Saturday. The EBRD will provide a loan in local currency, Kazakh tenge, up to an equivalent of US$8.8 million, and the Clean Technology Fund will lend up to $3.9 million for the solar plant in the South Kazakhstan region, near the city of Shymkent

Shell Announces Redevelopment of Penguins Field in UK

Δευ, 15 Ιανουαρίου 2018 - 19:28

Royal Dutch Shell Plc. (Shell) made a final investment decision on the redevelopment of the Penguins oil and gas field in the U.K. North Sea, the company announced on Monday. According to Shell, the decision authorizes the construction of a floating production, storage and offloading (FPSO) vessel -- the first newly manned installation for the company in the northern North Sea in almost 30 years

At Rome ‘Club Med’ Summit, Greece Gets A Line on TAP Gas to Italy

Δευ, 15 Ιανουαρίου 2018 - 19:27

As heads of state and government of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, or so-called "Club Med,’ convened in Rome on January 10 for the fourth Summit of the Southern European Union countries, Cyprus President Nicos Anastasiades reportedly discussed energy issues with French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni. Currently, Italian energy major ENI and France’s Total are drilling for natural gas in Cyprus’ exclusive economic zone (EEZ)