English Edition

New Bill a Blow to Nigeria’s Oil Market

Πεμ, 5 Νοεμβρίου 2015 - 17:22

A long-awaited oil law is reportedly set to pass through parliament, unlocking billions of dollars in frozen investments. As reported by the online news site Live Trading News, the Petroleum Industry Bill (PIB) has been gathering dust since 2008 because of disagreements between the government and global oil majors over its terms

The Head of the Croatian Hydrocarbon Agency Visits the Energean Facilities in Prinos

Πεμ, 5 Νοεμβρίου 2015 - 16:55

Energean Oil & Gas, is pleased to announce that Mrs. Barbara Doric, Head of the Croatian Hydrocarbon Agency, visited the Prinos Oil Field facilities in the Gulf of Kavala. Mrs. Doric and her colleagues visited the offshore production platforms and the drilling rig “Energean Force” , which is currently drilling the first of 15 wells that the operators is planning to drill in the area in the next two years aiming to increase production to 10,000 bbls/day

Vestas Soars on Higher 2015 Forecasts and Share Buyback

Πεμ, 5 Νοεμβρίου 2015 - 16:53

Vestas Wind Systems raised its 2015 profit forecast on Thursday and said it would buy back shares after stronger than expected third-quarter results, sending its shares to their highest in over six years

Bulgaria Border Security System 'Out of Service over Unpaid Electricity Bills'

Πεμ, 5 Νοεμβρίου 2015 - 16:51

State-of-the art border monitoring equipment has been installed at the Bulgarian-Turkish border but it is "out of service. Police have no money for electricity," German magazine Der Spiegel's website notes. Citing official documents, it also suggests the number of people crossing Bulgaria's border without being caught might be "enormous"

Bulgaria's Energy Watchdog Cuts Power Prices for Businesses

Τετ, 4 Νοεμβρίου 2015 - 17:59

The Bulgarian energy regulator KEVR announced Sunday it was lowering a "duty to society" surcharge on power prices for industrial consumers

The Energy Summit in London Ahead of Climate Talks in Paris

Τετ, 4 Νοεμβρίου 2015 - 17:56

As diplomats are holding their breath ahead of the Conference for the Framework Convention on Climate Change in Paris this December, the energy sector’s lobbyists, firms, movers and shakers, are also preparing in London. The objective of the Paris Conference is an agreement that will keep a ceiling on CO2 emissions and, therefore, the rise of climate within levels that can be dealt with from the international community

TANAP Key EU Conduit for Azeri Gas

Τρι, 3 Νοεμβρίου 2015 - 18:02

The Trans Anatolian Pipeline (TANAP) that will carry gas from Azerbaijan’s massive Shah Deniz 2 field is of strategic nature for Turkey and Europe. "TANAP is important Project not only for Turkey but also for Southeast Europe,” an ex-CEO of Turkey’s Botas, Gokhan Yardim, told New Europe from Ankara, adding that Russia’s Turkish Stream project is also important

Bulgarian PM Dismisses Deputy Energy Minister

Τρι, 3 Νοεμβρίου 2015 - 18:00

Bulgaria's Prime Minister Boyko Borisov has dismissed Deputy Energy Minister Anton Pavlov, the government's press office has said

EIB Signs EUR 285 Million Loans to Support Energy Projects in Greece

Τρι, 3 Νοεμβρίου 2015 - 17:59

The European Investment Bank (EIB) signed today EUR 285 million of loans to support various energy projects in Greece, improving the electricity transmission and interconnection network across the country, while at the same time bolstering environmental-friendly energy security and efficiency

Turkey's Enerjisa Plans to Sell Three Hydroelectric Power Plants

Πεμ, 29 Οκτωβρίου 2015 - 21:46

Turkey’s Enerjisa, a joint venture between Sabancı Holding and Germany’s E.ON , plans to sell three hydroelectric power plants to rationalize its portfolio and cut debt, and has appointed bankers to manage the sale, three banking sources said

Bulgaria-Greece Gas Link Gets BGN 215 M in State Guarantee

Πεμ, 29 Οκτωβρίου 2015 - 21:26

Bulgaria's government is to issue guarantees worth BGN 215 M (EUR 109 M) for the Interconnector Greece-Bulgarai (IGB) project in 2016, the cabinet's press office has said. The decision, announced at a Wednesday cabinet meeting, has turned IGB into the single state-guaranteed investment project for which the government will secure funding by taking out more loans

Final Programme for the «Energy and Development 2015» Conference Announced by IENE

Πεμ, 29 Οκτωβρίου 2015 - 21:20

IENE is pleased to announce the detailed programme for its 20th National Conference "Energy and Development 2015”, to be held in Athens, on November 11-12, 2015. This year’s conference theme deals with "The Role of the Energy Sector in Revitalizing Greece’s Economy”. The conference’s opening speech will be delivered by the Minister of Environment and Energy, Mr. Panos Skourletis

Turkey Will See Russia in Court Over Gas Prices

Πεμ, 29 Οκτωβρίου 2015 - 21:19

Turkey’s decision to file an international arbitration case against Russian gas monopoly Gazprom over gas prices is not related to the planned Turkish Stream gas pipeline but to existing gas contracts, an ex-CEO of Turkey’s Botas told New Europe

Turkey Takes Russian Gas Price Dispute to Arbitration

Τρι, 27 Οκτωβρίου 2015 - 15:48

Turkish Energy Minister, Ali Riza Alaboyun, said Tuesday that the natural gas price dispute between Turkey and Russia was taken to the arbitration court on Monday. "We demanded discount from Russia andthe arbitration court will decide on it," Alaboyun said speaking at a launch of an electricity generation ship in Istanbul

Chinese Firm to Buy Texas Oil Fields

Τρι, 27 Οκτωβρίου 2015 - 15:46

A Chinese development firm is buying oil fields in western Texas for more than $1 billion. Yantai Xinchao Industry Co. said in a Saturday regulatory filing that it planned to buy assets from Tall City Exploration and Plymouth Petroleum, The Wall Street Journal reported

Subsea Power Link Between Denmark, UK Delayed

Τρι, 27 Οκτωβρίου 2015 - 15:45

A planned subsea power link between Denmark and Britain is slated to begin at the end of 2022, later than expected, according to a report published by the UK’s Press and Journal