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IGI Poseidon Ready to Sign FID on IGB Pipeline by end-Nov

Παρ, 16 Οκτωβρίου 2015 - 16:07

IGI Poseidon, a 50/50 partnership between DEPA, the Public Gas Corporation of Greece, and Italy's Edison, is ready to sign a final investment decision (FID) on the Gas Interconnector Greece-Bulgaria by the end of November, a senior DEPA official said on Thursday

Russia's Gazprom Neft Oil Production Up 20% in 9 Months — CEO

Τετ, 14 Οκτωβρίου 2015 - 16:13

The oil productionof Russia's Gazprom Neft inthe first 9 months of 2015 hasincreased by 20%, the company’s CEO Alexander Dyukov told journalists "The production of hydrocarbons has increased by 20%. It is based on the results for 9 months, and the results of the year will be clear in December," he said

Turkish Petroleum to Enter LPG Sector

Τετ, 14 Οκτωβρίου 2015 - 16:13

Turkey's state-owned fuel oil network, Turkish Petroleum Oil Distribution Company (TP), has decided to start operations in the LPG sector, head of the company said on Wednesday. TP's head said that the company plans to deliver LPG to its gas stations starting from mid-2016

New Switzerland-France Link to Open Market for North African, Azeri Gas

Τετ, 14 Οκτωβρίου 2015 - 16:12

French utility Engie’s gas transport business GRTgaz plans to create a link from Switzerland to France that will allow Algerian, Libyan and Azeri gas to be shipped to northern Europe via Italy in coming years

Nigeria Slipping Iinto Oil Controversy

Τετ, 14 Οκτωβρίου 2015 - 16:10

Under new leadership following the election of President Muhammadu Buhari, Nigeria’s state-owned National Petroleum Corporation has announced controversial plans to renegotiate production-sharing agreement with oil majors. Companies such as Royal Dutch Shell, Chevron, Eni and ExxonMobil could be affected in the coming weeks

Saudi Butanol Starts Trial Ops at Jubail

Τετ, 14 Οκτωβρίου 2015 - 14:26

Saudi Butanol Company, a joint venture of local petrochemicals firms, has begun trials of its plant in Jubail and expects commercial operations to start in the first half of 2016. Testing will take between three and six months at the plant, a statement from Sahara Petrochemical Company said on Tuesday

4 Coalminers Dead, 2 Injured in Accident in Bosnia

Τρι, 13 Οκτωβρίου 2015 - 17:42

A spokesman for a Bosnian coal mine says four miners died and two were injured in an overnight accident

Germany’s KfW Intends to Lend EUR 100M to Back Bulgaria’s Energy Efficiency Programme

Τρι, 13 Οκτωβρίου 2015 - 17:41

Germany’s KfW Development Bank has signed a letter of intent with state-owned Bulgarian Development Bank (BDB) to lend EUR 100 M to finance Bulgaria’s programme for boosting the energy efficiency of multi-family residential buildings. The funds will help the activitities of small and medium enterprises in Bulgaria, the BDB said in a statement after the signing of the letter of intent in Berlin on Monday

Oil Glut to Stay in 2016 as IEA Sees Slower Demand Growth

Τρι, 13 Οκτωβρίου 2015 - 17:40

Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said

Bulgaria's Bulgartransgaz Launches 12.3 Mln Euro Gas Pipeline

Δευ, 12 Οκτωβρίου 2015 - 16:54

Bulgarian gas transmission system operator Bulgartransgaz launched on Friday a 12.3 million euro ($13.97 million) gas pipeline connecting the town of Silistra, in the northeast of the country to the national gas transmission network, the European Bank for Reconstruction and Development (EBRD) said on Friday

Indian Refiners Set to Pay Second $700 Mil Tranche of Iran Oil Dues: Sources

Δευ, 12 Οκτωβρίου 2015 - 16:50

Indian refiners with outstanding dues for the import of crude oil from Iran are set to make their second tranche of payments, pegged at the rupee equivalent of $700 million, on Tuesday, two oil industry sources said Monday. The payments by Essar Oil and Mangalore Refinery & Petrochemicals Ltd, two of India's biggest importers of Iranian oil, would be similar to the amounts they paid in the first tranche on September 30, sources said

Russia Resumes Gas Supply to Ukraine

Δευ, 12 Οκτωβρίου 2015 - 16:45

Russia's gas monopoly Gazprom resumed supplies to Ukraine Monday, in a development that will help the country meet its energy needs through the harsh winter months. Gazprom CEO Alexei Miller said supplies, which were suspended in the spring, recommenced earlier after the company received $234 million out of a promised $500 million prepayment from Kiev

Ukraine Looks to Kazakhstan for Supply of Power Stations

Δευ, 12 Οκτωβρίου 2015 - 16:43

At bilateral meeting of the Presidents of Ukraine and Kazakhstan on October 9, the two sides discussed a wide range of issues related to bilateral cooperation, including trade and economic sphere, fuel and energy and agro-industrial complexes

Ocean Rig’s Fleet Update Adds Uncertainty To Outlook

Παρ, 9 Οκτωβρίου 2015 - 18:37

Rough seas could be ahead for offshore drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG), which warned that several of its rigs could be without work after wrapping up existing jobs. In an Oct. 7 fleet status update the international ultra-deepwater and harsh-environment specialist said two rigs started contracts for work offshore Angola and three others are in the process of completing wells—one each offshore the Falklands, Norway and Brazil

TurkStream Delay

Πεμ, 8 Οκτωβρίου 2015 - 12:00

With growing European demand, Gazprom plans two additional pipelines to send Russian gas to Europe -- Nord Stream 2 across the Baltic Sea, and TurkStream across the Black Sea. While Nord Stream 2 project has been gaining speed, TurkStream has seen its envisaged capacity halved and is facing a construction delay, possibly to end-2017, Medvedev said, adding however, that a year's delay, will not be critical for the company's plans

China's ICBC Bank Offering Loan to Bulgarian Energy Holding

Πεμ, 8 Οκτωβρίου 2015 - 11:49

The Industrial and Commercial Bank of China (ICBC) is likely to become the single company to make a binding offer the Bulgarian Energy Holding (BEH) as the energy structure is looking for a loan of EUR 650 M to pay off debts