English Edition

EBRD Selects Best Sustainable Energy Projects in the Western Balkans

Δευ, 26 Οκτωβρίου 2015 - 18:28

The European Bank for Reconstruction and Development is recognising outstanding projects financed under the Western Balkans Sustainable Energy Finance Facility II in Zagreb on 22 October. Outstanding projects promoting energy efficiency and renewable energy in the commercial, municipal and residential sectors will be receiving the awards in the Emerald Ballroom of the Hotel Regent Esplanade, at 10 o’clock in the morning

Russian Oil Producers Ready to Compete With OPEC — Energy Minister

Δευ, 26 Οκτωβρίου 2015 - 18:27

Russian oil companies are ready to compete with the Organization of the Petroleum Exporting Countries (OPEC) regardless of quotas and redistribution within the oil cartel, Russian Energy Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday

Climate Change Action Boosting Renewables: IEA

Δευ, 26 Οκτωβρίου 2015 - 18:26

It might not all be bad news for the renewable energy industry. While plummeting oil and coal prices make fossil-fuel power projects more attractive, aggressive government support is making sure the renewable sector is still in the picture

Fearing Russian Gas Cuts, Bulgaria Goes Underground

Δευ, 26 Οκτωβρίου 2015 - 18:24

Bulgaria is expanding an underground gas storage site to guard against any gas supply cuts from Russian gas monopoly Gazprom. The expansion is expected to nearly double the capacity of the storage from 550 million cubic metres to one billion cubic metres of gas

Gazprom Starts Expanding Russia’s Unified Gas Supply System for Nord Stream-2

Παρ, 23 Οκτωβρίου 2015 - 15:47

Gazprom initiated construction of new gas transportation facilities and Ukhta-Torzhok-2 gas pipeline in Russia’s Komi Republic, Chief Executive Officer of the gas holding Alexey Miller said on Wednesday

Energean Appoints New Country General Manager in Egypt and Starts New 2D Seismic Survey

Παρ, 23 Οκτωβρίου 2015 - 15:40

Energean Oil & Gas, the international oil & gas exploration and production Company focused on the Mediterranean and North Africa, is pleased to announce that it has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt

China Buying Into UK Nuclear Plants

Πεμ, 22 Οκτωβρίου 2015 - 18:23

UK Prime Minister David Cameron and visiting Chinese President Xi Jinping confirmed a controversial nuke deal under which China General Nuclear Power Corporation (CGN) will invest GBP 6 billion ($9 billion) in EDF’s Hinkley Point project in Somerset, Britain’s first new nuclear plant in a generation

RWE Commissions 16 MW Hungarian Solar Park

Τετ, 21 Οκτωβρίου 2015 - 14:31

RWE, a German clean energy developer, has successfully commissioned a 16 MW solar PV plant in Hungary. Planning of the solar array first began in early 2013 and this week the plant was finally completed after just three months of construction, becoming in the process the largest PV farm in the country

Largest Romanian Oil & Gas Producer Sees Lower Output

Τετ, 21 Οκτωβρίου 2015 - 14:29

Romanian oil & gas group OMV Petrom’s hydrocarbon production dropped by 2.2% in the third quarter of the year compared to the same period of 2014, to some 174,000 boe per day. The decrease was due to the company’s workover at several important wells during this period

Finland’s Energy Decisions Questioned

Τετ, 21 Οκτωβρίου 2015 - 14:25

Finland’s energy decisions are based on misleading data from the International Energy Agency, according to professors at the Lappeenranta University of Technology (LUT). They have warned the agency has underestimated the potential of renewable energy sources

Two Greek Industrial Groups Consider Moving their Headquarters Abroad

Τρι, 20 Οκτωβρίου 2015 - 19:35

Two major industrial groups listed on reece's Athens Exchange are said to be on the verge of deciding to move their headquarters abroad in 2016, Kathimerini understands. According to sources, their main shareholders believe that the government is being too slow in its effort to change the economic climate and personal discussions with cabinet members have suggested that entrepreneurship in Greece is not a priority for the country’s administration

Naftogaz Offers Gas Transportation Capacities for Import from Europe

Τρι, 20 Οκτωβρίου 2015 - 19:34

Ukrainian company Naftogaz offered its gas transportation capacities on the western border for gas imports from the European Union to the interested companies, the company’s press service said Tuesday

Genel Cuts Forecasts as Iraqi Kurdistan Owes More Than $400 Mln

Τρι, 20 Οκτωβρίου 2015 - 19:31

Genel Energy, one of the main oil producers in Iraqi Kurdistan, has cut its full-year production and revenue forecasts after reducing investment because of weak prices and a debt it says is owed by the Kurdistan Regional Government (KRG). The London-listed company, which says is owed around $400 million, said on Tuesday it will not invest in increasing production at its oilfields until the KRG makes regular payments for exports