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Serinus Energy Drills Moftinu - 1002Bis Well in Romania

Serinus Energy Drills Moftinu - 1002Bis Well in Romania

Παρ, 16 Ιανουαρίου 2015 - 16:40

Oil and gas exploration company Serinus Energy said on Thursday open hole wireline logs, mud logs and/or drill cuttings at the Moftinu-1002biswell in Romaniaindicate seven Cenezoic aged sandstones with an aggregate of 90.5 metres of hydrocarbon bearing rock, and 22 metres of potential net pay.

Russia Pressures EU Over Turkish Gas Corridor

Russia Pressures EU Over Turkish Gas Corridor

Πεμ, 15 Ιανουαρίου 2015 - 18:06

Russia has not reduced gas supplies to Europe, a European Commission spokesperson told New Europe on January 15. “To our information gas supplies are normal,” she said, brushing off Russian gas monopoly Gazprom’s warnings that there is a risk that Europe could see a drop in supplies piped via Ukraine this winter.

Romania 11-Mo Energy Output Edges Up 0.6%

Romania 11-Mo Energy Output Edges Up 0.6%

Πεμ, 15 Ιανουαρίου 2015 - 17:59

Romania's energy output edged up by an annual 0.6% in the first 11monthsof 2014, while imports increased by 6.6%, the statistics office, INS, said on Wednesday.

UK Utilities: Power to the People

UK Utilities: Power to the People

Τετ, 14 Ιανουαρίου 2015 - 17:36

A joke for Labour party leader Ed Miliband: How many electricity regulators does it take to change a lightbulb? Answer: just one but it has to want to change. Not laughing? Well, it is no laughing matter.

Alstom Wins Contracts Worth 220 Mln Euro for Power Project in Turkey

Alstom Wins Contracts Worth 220 Mln Euro for Power Project in Turkey

Τετ, 14 Ιανουαρίου 2015 - 17:32

French heavy engineering group Alstom said on Tuesday it has received two contracts worth a total of about 220 million euro ($260 million) for the supply and the maintenance of the power island of the 950 MW Kirikkale combined-cycle power plant located in Turkey’s central Anatolia region.

Bulgaria Embraces Energy Union After South Stream Scrapping

Bulgaria Embraces Energy Union After South Stream Scrapping

Τετ, 14 Ιανουαρίου 2015 - 17:23

Hard on the heels of the scrapping of the Russian-backed South Stream gas pipeline to Europe, Bulgarian Prime Minister Boyko Borissov told European Commission Vice President in charge of the Energy Union Maros Sefcovic in Brussels on January 12 that his country is committed to building an Energy Union, one of the political priorities of the Juncker Commission.

Building Regional Gas Hub Remains Priority for Bulgaria

Building Regional Gas Hub Remains Priority for Bulgaria

Τρι, 13 Ιανουαρίου 2015 - 18:29

Turning the country into a gas distribution centre for EU member states in the region continues to be a priority for Bulgaria, the European Commission (EC) said on Monday, quoting prime minister Boyko Borisov.

Fitch Affirms Turkeys Tupras at BBB - Stable Outlook

Fitch Affirms Turkey's Tupras at BBB - Stable Outlook

Τρι, 13 Ιανουαρίου 2015 - 18:25

Fitch Ratings said on Monday it has affirmed the long-term local and foreign currency issuer default ratings (IDRs) of Turkish oil refiner Turkiye Petrol Rafinerileri or Tupras, at BBB- as well as its national long-term rating at 'AA+(tur)

OPEC Sticks to Its Guns as Oil Prices Fall

OPEC Sticks to Its Guns as Oil Prices Fall

Τρι, 13 Ιανουαρίου 2015 - 18:13

Prospects appeared dim again for crude oil prices on January 13. Brent and US WTIcrudeoilprices fell to their lowest levels in almost six years as the United Arab Emirates, a big producer of the Organization of the Petroleum Exporting Countries (OPEC) stood by the cartel’s decision not to reduce production to stop crude oil prices from plunging further.