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Romanias Transgaz Net Profit Drops 12% Y/Y in Q1

Romania's Transgaz Net Profit Drops 12% Y/Y in Q1

Πεμ, 14 Μαΐου 2015 - 15:51

Romanian gas transmission company Transgaz said on Wednesday its net profit fell 12% on the year to 199.3 million lei($50.3 million/44.8 million euro) in the first quarter of2015,on lower revenues.

Regional Economic Development Could Trigger Change in Azerbaijan

Regional Economic Development Could Trigger Change in Azerbaijan

Τετ, 13 Μαΐου 2015 - 18:32

Even a marathon starts with the first step. So, some food for thought can inspire changein Azerbaijan. In this country many see a lack of political reform and areworried about the human rights situation and minorities.

Romanian Natgas Producer Romgaz Net Profit Falls 7.5% Y/Y in Q1

Romanian Natgas Producer Romgaz Net Profit Falls 7.5% Y/Y in Q1

Τετ, 13 Μαΐου 2015 - 18:07

The net profit of Romanian natural gas producer Romgaz, fell 7.5% on the yearto 563 million lei ($141.4 million/126.3 million euro)in the first quarter of 2015on lower demand, especially from fertilizer producers,the company said on Tuesday.

Ascent Resources Secures Loan to Help Fund Gas Project in Slovenia

Ascent Resources Secures Loan to Help Fund Gas Project in Slovenia

Τετ, 13 Μαΐου 2015 - 18:06

UK-listed oil and gas production and exploration company Ascent Resources said on Tuesday it has secured with Henderson Global Investors Limited a 7 million British pound ($10.9 million/9.7 million euro) loan facility to help fund the development stage of the Petisovci tight gas project in Slovenia.

Romanias Energy Output Rises 4.9% Y/Y in Q1

Romania's Energy Output Rises 4.9% Y/Y in Q1

Τετ, 13 Μαΐου 2015 - 18:03

Romania's energy output roseby an annual 4.9% in the first quarter of the year, while imports increased by 4.5%, the statistics office, INS, said on Tuesday.

Russia Invites Greece to Join BRICS Bank

Russia Invites Greece to Join BRICS Bank

Τρι, 12 Μαΐου 2015 - 16:38

Following a phone conversation between Greek Prime Minister Alexis Tsipras and Russian Deputy Finance Minister Sergei Storchak on May 11, the latter invited Greece tobecome the sixth member ofthe New Development Bank of BRICS countries.

Total 100.000 Romgaz Shares Trade on Bucharest Bourse

Total 100.000 Romgaz Shares Trade on Bucharest Bourse

Τρι, 12 Μαΐου 2015 - 16:28

A total of 100,000 shares of Romanian natural gas producer Romgaz, equal to about 0.03% of its share capital, were traded for 3.6 million lei ($0.9 million/0.8 million euro) on the Bucharest bourse on Monday, stock exchange data showed.

Putin - Xi Plan Russia - China Energy Team

Putin - Xi Plan Russia - China Energy Team

Δευ, 11 Μαΐου 2015 - 17:16

Russian President Vladimir Putin and Chinese leader Xi Jinping oversaw the signing of 32 contracts on May 8, including energy, trade and finance deals aimed at strengthening economic ties.

Formal Launch Held for Works on Krnovo WPP in Montenegro

Formal Launch Held for Works on Krnovo WPP in Montenegro

Δευ, 11 Μαΐου 2015 - 15:48

Montenegro's Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant (WPP) with an estimated investment value of 120 million euro ($134.8 million), local media reported on Friday.

PHX Energy Services Activity in Albania Falls in Q1

PHX Energy Services Activity in Albania Falls in Q1

Δευ, 11 Μαΐου 2015 - 15:47

Canada-based PHX Energy Services said its activity in Albania fell by 42% measured by operating days in the first quarter of 2015 compared to the same period a year earlier.

Putin Offers Greece Pipeline Financing Help

Putin Offers Greece Pipeline Financing Help

Παρ, 8 Μαΐου 2015 - 19:48

Greece’s Prime Minister Alexis Tsipras and Russian President Vladimir Putin discussed a natural gas pipeline across Greek territory on May 7, the same day Russian gas monopoly Gazprom and Ankara reached an agreement on operational commissioning and the start of gas deliveries via Turkish Stream in December 2016.