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G.E. Gets European Regulators’ Approval to Buy Alstom Power Unit

Τρι, 8 Σεπτεμβρίου 2015 - 17:47

General Electric on Tuesday overcame the last big hurdle to the largest acquisition in its history, a $13.5 billion deal for the power business of Alstom of France, after European officials agreed that G.E. had adequately addressed their antitrust concerns

Qatar Sends 1,000 Troops to Yemen

Τρι, 8 Σεπτεμβρίου 2015 - 17:44

Qatar has sent 1,000 ground troops to Yemen, according to a report by Al Jazeera television. Many fear that violence in the already war-torn country might escalate even more as the Arab coaltion forces are preparing to launch a major ground attack

Petronas Said to Mull Buying Statoil’s Stake in TAP Project

Πεμ, 3 Σεπτεμβρίου 2015 - 15:39

Malaysia’s state-owned energy company is considering acquiring Statoil ASA’s stake in a gas pipeline into Europe from the Caspian basin, two people with knowledge of the matter said. Petroliam Nasional Bhd, also known as Petronas, may buy Norway’s biggest energy company’s 20 percent stake in the project, said the people, who asked not to be identified as the process is confidential

«Global Oil & Gas Black Sea and Mediterranean Conference 2015» to Focus on Latest Regional Hydrocarbons Activity and Developments

Πεμ, 3 Σεπτεμβρίου 2015 - 15:34

All the latest hydrocarbon activity and developments in the Black Sea, East Med, Ionian and Aegean Seas will be covered in the Global Oil & Gas Black Sea and Mediterranean Exhibition and Conference (www.global-oilgas.com) to be held in Athens, Greece, on 23 - 24 September, 2015. Jointly hosted by ITE Group plc, the London-based global leader in conferences and exhibitions and Greece’s leading event organizer, ROTA SA, this major exhibition and conference event will have the Institute of Energy for SE Europe (IENE) as its official Partner

Gazprom and CNPC Sign Memorandum on Gas Deliveries from Russia's Far East to China

Πεμ, 3 Σεπτεμβρίου 2015 - 15:31

Russia's Gazprom and China's National Petroleum Corporation (CNPC) have signed a memorandum of understanding on a project of natural gas deliveries from Russia to China via a pipeline in Russia's Far East. The document has been approved in the presence of Russia's President Vladimir Putin and China's President Xi Jinping

Bulgaria 'Offers Azerbaijan Energy Cooperation Package'

Τρι, 1 Σεπτεμβρίου 2015 - 17:03

The Bulgarian government has unveiled a package of energy cooperation projects on which it would seek to work with Azerbaijan, Bulgaria's Ambassador to the country has said. According to reports by the Trend News Agency, Baku is being offered to take part in the construction of filling stations, gas depots, and oil refineries

Russia, China Moving Towards Strategic Energy Alliance, Putin Says

Τρι, 1 Σεπτεμβρίου 2015 - 17:02

Moscow and Beijing are moving towards the formation of a strategic energy alliance, Russian President Vladimir Putin said. "Our countries are consistently moving towards the creation of a strategic energy alliance that, I am sure, will play a significant role in international economic relations," Putin said in an interview with TASS and Xinhua news agencies

Oil Prices Pull Back on New China Worries

Τρι, 1 Σεπτεμβρίου 2015 - 17:00

Crude-oil futures pulled back on Tuesday, giving up some of the strong gains seen in the last three sessions, as worries about China’s economy resurfaced. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $48.35 a barrel at 1025 GMT, down 1.73%. October Brent crude on London’s ICE Futures exchange fell 1.9% to $53.12 a barrel

Nord Stream 2 Agreement Will Not Be Signed at East Russia Economic Forum — Kremlin

Τρι, 1 Σεπτεμβρίου 2015 - 16:59

Signing of the Nord Stream 2 gas pipeline agreement is not planned at the East Russia Economic Forum (EREF), press secretary of the Russian President Dmitry Peskov said on Monday. "As far as I know, this piece of information is contrary to facts. No such signing is planned," Peskov said, adding that the list of energy deals planned to be executed at the EREF has not yet been finalized

Austria's OMV Sues Turkey for Pulling Out of Nabucco Pipeline Project

Δευ, 31 Αυγούστου 2015 - 19:33

Austria's OMV, the largest oil and gas company in Eastern and Central Europe, is suing Turkey and its prime minister, Ahmet Davutoglu, for pulling out of the Nabucco gas pipeline project, the Austrian business weekly Trend reported

CE/SEE Partners Eye EU Funds for Tesla Gas Pipeline Project

Δευ, 31 Αυγούστου 2015 - 19:32

A joint gas pipeline initiative backed by Serbia, FYROM, Hungary, Turkey and Greece has been submitted for possible inclusion in EU's list of Projects of Common Interest (PCI), a pre-condition for the proposed undertaking to become eligible for funding from EU resources, Hungarian natural gas transmission system operator (TSO) FGSZ said on Friday

Eni Discovers ‘Supergiant’ Gasfield Near Egypt

Δευ, 31 Αυγούστου 2015 - 19:27

Italian energy group Enihas discovered what it says is a "supergiant” gasfield off the coast of Egypt, the largest ever found in the Mediterranean Sea and which could provide a much-needed boost for the country’s economy

Obama Closer to Securing the Iran Deal

Δευ, 31 Αυγούστου 2015 - 19:24

President Barack Obama can now count on the support of 31 Senators to ratify the Iran nuclear deal

Naftogaz Requests Advance Payment from Gazprom for Russian Gas Transit

Τετ, 26 Αυγούστου 2015 - 18:50

Ukraine’s energy company Naftogaz has addressed Russian energy giant Gazprom with a proposal to make advance payments for gas transit to Europe, a Russian business daily reported Monday

Romania's OMV Petrom Plans Secondary Listing in London

Τετ, 26 Αυγούστου 2015 - 18:48

Romania's top oil and gas group OMV Petrom said on August 19 it plans to list its shares on the London Stock Exchange via global depository receipts (GDRs).OMV Petrom's shareholders will vote on the proposal at an extraordinary general meeting scheduled forSeptember 22, the company said in a statement filed with the Bucharest Stock Exchange

Bulgarian PM Points to Trans-Caspian Pipeline as Step Towards Energy Diversification

Τετ, 26 Αυγούστου 2015 - 18:47

Bulgarian Prime Minister Boyko Borisov pointed to the Trans-Caspian gas pipeline as a possible step towards the achievement of greater energy diversification. Borisov stated this during his meeting with the President of Turkmenistan Gurbanguly Berdimuhamedow in Ashgabat on Tuesday, the government's press service informs. The Trans-Caspian pipeline is projected to transfer natural gas from Turkmenistan to Azerbaijan