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Rosneft Posts Q1 Net Income Rise of 8.3%

Παρ, 5 Μαΐου 2017 - 18:52

Russian state-owned oil giant Rosneft posted a rise in first-quarter net income on May 5 of 8.3% year on year to 13 billion rubles ($221.4 million). "The Company maintained industry leadership in investments pursuing monetisation of unique reserves base and planned completion of large investment projects in near-term,” Rosneft CEO Igor Sechin said in a press release, commenting the results the first quarter of 2107

CO2 Emissions in EU Decrease in 2016

Παρ, 5 Μαΐου 2017 - 18:51

Carbon dioxide (CO2) emissions from fossil fuel combustion in the EU decreased year-on-year by 0.4 percent, Eurostat, the statistical office of the European Union (EU), announced on Thursday. CO2 emissions are a major contributor to global warming and account for around 80 percent of all EU greenhouse gas emissions

TANAP's First Gas Due for Testing in January 2018

Παρ, 5 Μαΐου 2017 - 18:51

The Trans-Anatolian Natural Gas Pipeline's (TANAP) project is 70 percent complete with first gas to Turkey due for testing in January 2018, the project's general manager said on Friday. Saltuk Duzyol, TANAP's general manager, in an exclusive interview with Anadolu Agency, said that Phase 0 of TANAP, which will carry Azeri gas to Turkey, is currently 80 percent complete

Research and Survey Vessel Ramform Hyperion Docks at Limassol Port

Τετ, 3 Μαΐου 2017 - 19:33

Research and survey vessel Ramform Hyperion has docked at Limassol port, on Cyprus` southern coast, to carry out seismic research in the Republic`s exclusive economic zone (EEZ)

SolarPower Europe: New Financial Mechanisms at EU-Level Are Crucial for Solar

Τετ, 3 Μαΐου 2017 - 19:31

The European solar association has released a new report that recommends ten actions to further support solar across the EU. Innovative financing mechanisms and new business models, as well as balanced regulatory frameworks, are considered necessary to ensure the future growth of PV in Europe

Saudi Aramco Solely Owns Biggest Oil Refinery in US

Τετ, 3 Μαΐου 2017 - 19:31

Saudi Arabian oil giant Aramco has gained total control of the biggest oil refinery in the U.S., according to a statement by Anglo-Dutch oil company Royal Dutch Shell on Monday. Shell and Aramco formed a joint venture in 1998 called Motiva Enterprise, which had refining operation with a 50-50 share basis since 2002

Russia's Energy Ministry to Discuss Extension of OPEC Deal With Domestic Producers

Παρ, 28 Απριλίου 2017 - 18:36

Russian Energy Ministry and national oil companies will discuss continuation of an oil production limiting deal with the OPEC by May 24, minister Alexander Novak told reporters on Friday. "We will definitely meet companies at the chief executives level before the monitoring committee meeting," the minister said

Greece: TERNA ENERGY Increases Net Earnings By 21.8% in 2016

Παρ, 28 Απριλίου 2017 - 18:36

The annual results of the year 2016 for TERNA ENERGY settled as following: Consolidated sales for 2016 amounted to 225.5 million euro compared to 198.6 million euro in 2015, increased by 13.5%

Cañete in Tehran for First-Ever EU-Iran Sustainable Energy Forum

Παρ, 28 Απριλίου 2017 - 18:35

Following the European Union’s first ever project for nuclear safety cooperation with Iran last week, the Commission plans to strengthen energy and climate ties with Iran this weekend. European Commissioner for Climate Action and Energy Miguel Arias Cañete is heading to Tehran on April 29 where he will kick off the first-ever Iran-EU Business Forum on Sustainable Energy

Joint IENE/ ACCI/ PEA Conference on Energy Investments, Employment and Exports Highlighted Greece’s Competitive Advantage and the Challenges Ahead

Παρ, 28 Απριλίου 2017 - 18:34

The one-day conference, on "Energy: Investments, Employment and Exports”, which was held in Athens on April 26, 2017, highlighted the major challenges and prospects for Greece’s energy sector and its overall potential in the context of efforts now in progress for reviving the economy

Romanian Electricity Distributor Wants to Charge Consumers for Weather-Related Infrastructure Damages

Τετ, 26 Απριλίου 2017 - 18:13

Romanian group Electrica, the largest electricity distributor and supplier in the local market, plans to charge consumers for the damages caused by the falling of hundreds of utility poles because of last week’s harsh weather conditions, Hotnews.ro reported. The company had RON 2.76 billion (EUR 600 million) worth of cash reserves at the end of last year, after completingonly two-thirds of its investment program

Global Wind Reaches Record 486.7 Gigawatts in 2016

Τετ, 26 Απριλίου 2017 - 18:12

Global wind power in 2016 saw a 12.6 percent increase and reached a record 486.7 gigawatts (GW), according to Global Wind Energy Council's (GWEC) report late on Tuesday. "In 2016, 54.6 GW of installation globally was achieved for the first time in a single year in 2016," the report said adding that in 2016, a 12.6 percent increase in installation was made

EU Commission Appoints Director to Its DG ENV

Τετ, 26 Απριλίου 2017 - 18:11

The European Commission decided on April 26 to appoint Gilles Gantelet to the position of Director for Policy in its department for Environment (DG ENV). Gantelet, a French national, joined the Commission in 1994. His career at the Commission focused on communication policy, including as Spokesperson for former Commissioners Jacques Barrot and Loyola de Palacio