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Oman-Iran Gas Pipeline Study Complete

Παρ, 1 Απριλίου 2016 - 15:07

The draft project report of the proposed Iran-Oman gas pipeline has been completed by the Iranian Offshore Engineering and Construction Company (IOEC), according to sources

Oil Price Falls After 'Disastrous' Saudi Supply Announcement

Πεμ, 31 Μαρτίου 2016 - 18:29

A bearish supply signal from Opec members Saudi Arabia and Kuwait saw the already waning oil price drop overnight and this morning. The two countries announced on Tuesday that they would be re-opening the jointly operated 300,000-barrels-per-day Khafji field, Reuters reports

Romania’s Hidroelectrica Starts Tender for Refurbishing Large Power Plant

Πεμ, 31 Μαρτίου 2016 - 18:26

Romania’s largest power producer Hidroelectrica will start next week the tender for refurbishing the Vidraru power plant. The investment is estimated at EUR 80 million, said Remus Borza, the company’s judicial administrator

China to Import 27 Mln Tonnes of Russian Oil in 2016 — Transneft

Πεμ, 31 Μαρτίου 2016 - 18:23

China has confirmed its readiness to import around 27 mln tonnes of Russian oil in 2016, Vice-President of Russia’s pipeline operator Transneft Sergey Andronov said on Thursday

Gazprom and E.ON Agree on Correction of Prices in Gas Supplies Contract

Τετ, 30 Μαρτίου 2016 - 15:36

Russian gas giant Gazprom and Uniper (a division of Germany’s E.ON) have agreed on ending the arbitration dispute and adjustment of prices in contracts for gas supplies in the coming years, Gazprom Export said in a statement on Tuesday

Global Gas Emissions Stalled for the 2nd Year in a Row as Renewable Energy Surged

Τετ, 30 Μαρτίου 2016 - 15:32

Global energy-related carbon dioxide emissions (CO2) – the largest source of man-made greenhouse gas emissions – stayed flat for the second year in a row, according to analysis of preliminary data for 2015 released by the International Energy Agency (IEA)

Low Liquidity, the Only Obstacle for Romania's BSE to Become Emerging Market

Τετ, 30 Μαρτίου 2016 - 15:31

The Romanian capital market meets all the criteria necessary to be promoted to emerging market status, except for liquidity, according to a recent assessment by FTSE Russell, the Bucharest Stock Exchange (BVB) announced on Tuesday, March 29

No Deal Between Romania’s Electricity Holding Electrica and Fondul Proprietatea Over Subsidiaries

Τρι, 29 Μαρτίου 2016 - 12:20

Romanian state-controled electricity holding Electrica (BVB ticker: EL) and investment fund Fondul Proprietatea (FP) have failed once again to reach an agreement on the fund’s minority holdings in Electrica’s subsidiaries

Israeli Gas Decision Will Have Some Impact on Cyprus, Expert Says

Τρι, 29 Μαρτίου 2016 - 12:18

WHEREAS a court ruling in Israel complicating plans to develop that country’s natural gas fields does impact the development of Cyprus’ Aphrodite prospect, the effect is a lateral one, an energy analyst has told the Cyprus Mail

Source: Energy Ministry Preparing Stance on Rosneft Pipeline Gas Export Application

Τρι, 29 Μαρτίου 2016 - 12:17

Russia’s Energy Ministry is preparing its stance on Rosneft’s application for receiving access to pipeline gas export, a source familiar with the matter told TASS, adding that the government’s and the ministry’s approach has not changed

Rigas, Energean: Greece, Cyprus, Israel Want to Reach European Gas Market

Δευ, 28 Μαρτίου 2016 - 19:03

A politically stable environment and tax regime that will help Greece meet its debt obligations will allow foreign investment to flow into the Mediterranean country and explore the nation’s untapped energy potential, Energean Oil & Gas CEO Mathios Rigas told New Europe

Romanian Gas Producer Romgaz Wants to Distribute EUR 233 Mln Dividends

Δευ, 28 Μαρτίου 2016 - 19:03

Romanian state-owned natural gas producer Romgaz wants to distribute EUR 233 million worth of dividends to its shareholders. The sum represents 88% of last year’s profit

Israel Supreme Court Rules Against Offshore-Gas Deal

Δευ, 28 Μαρτίου 2016 - 18:59

Israel’s Supreme Court on Sunday ruled against a landmark deal to develop and export the country’s offshore gas reserves, a setback for Prime Minister Benjamin Netanyahu, who campaigned for it. The panel of judges called the deal unconstitutional, citing a clause in its framework that gave energy companies pricing and regulatory stability for 10 years regardless of potential shifts in the government

Bulgaria's Gas Grid Operator Takes Step to Market Liberalization

Πεμ, 24 Μαρτίου 2016 - 15:40

Gas grid operator Bulgartransgaz has announced it is ready with a draft set of balancing rules for the gas market, a move that constitutes the first step toward liberalization

Russia Ready to Implement Gas Pipeline Project Similar to South Stream — Kremlin

Πεμ, 24 Μαρτίου 2016 - 15:39

Russia is ready to implement a project for building a gas pipeline under the Black Sea similar to the South Stream project if the European Commission shows interest, presidential spokesman Dmitry Peskov said Thursday

Rockefeller Family Fund Hits Exxon, Divests from Fossil Fuels

Πεμ, 24 Μαρτίου 2016 - 15:38

The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks