1. English Edition

English Edition

Saudis Play Market Oil Glut Drives Down Prices

Saudis Play Market Oil Glut Drives Down Prices

Τετ, 5 Νοεμβρίου 2014 - 15:44

On November 4, crude oil prices tumbled further to multi-year lows as price cuts by Middle Eastern producers signaled that a global glut will continue to grow.

Merkel Underlines Displeasure Over Russian Role

Merkel Underlines Displeasure Over Russian Role

Τρι, 4 Νοεμβρίου 2014 - 18:37

German Chancellor Angela Merkel underlined her displeasure over Russia's role in eastern Ukraine on Tuesday and said there is no reason yet to lift European Union sanctions

Bosnian Energy Co Ugljevik 9-Mo Net Loss Widens Sharply

Bosnian Energy Co Ugljevik 9-Mo Net Loss Widens Sharply

Δευ, 3 Νοεμβρίου 2014 - 19:35

Bosnian coal miner and energy producer RiTE Ugljevik, said on Friday its net loss widened to 32.9 million marka ($21.3 million/16.8 million euro) in the first nine months of 2014 from 806,000 marka a year earlier

Serbian Energy Min Says Deliveries of Russian Gas Down

Serbian Energy Min Says Deliveries of Russian Gas Down

Δευ, 3 Νοεμβρίου 2014 - 19:31

The deliveries of Russian gas to Serbia have dropped by 28% in the past week, but the country's energy system is stable and there is enough gas to meet demand, Belgrade-based media reported on Friday, quoting the Balkan country's energy minister Aleksandar Antic

Statoil Expects $200 Billion from North Sea Oil Field

Statoil Expects $200 Billion from North Sea Oil Field

Δευ, 3 Νοεμβρίου 2014 - 18:48

Statoil says its large oil field in the North Sea is expected to yield some 1,350 billion kroner ($200 billion) over coming decades, making it one of Norway's most profitable industrial projects

Montenegro s Jugopetrol 9-Mo Net Profit Rises 4.6%

Montenegro s Jugopetrol 9-Mo Net Profit Rises 4.6%

Παρ, 31 Οκτωβρίου 2014 - 20:01

The net profit of Montenegrin oil products distributor Jugopetrol rose to 5.2 million euro ($6.6 million) in the first nine months of 2014 from some 5.0 million euro a year ago, company data indicated on Thursday

Petromanas Temporarily Suspends Molisht-1 Well in Albania

Petromanas Temporarily Suspends Molisht-1 Well in Albania

Παρ, 31 Οκτωβρίου 2014 - 19:57

Canada-based oil and gas company Petromanas Energy said on Thursday that, in conjunction with its joint venture partner Shell, it has decided to temporarily suspend drilling at the Molisht-1 well onshore in Albania

EU Subsidy Keeps Russian Gas Coming to Ukraine

EU Subsidy Keeps Russian Gas Coming to Ukraine

Παρ, 31 Οκτωβρίου 2014 - 18:18

The morning sun was shining at a seaside resort south of Athens where a geopolitical conference was taking place on October 31, focusing on energy security

Privatisation of Istanbuls Gas co IGDAS Begins in November

Privatisation of Istanbul's Gas co IGDAS Begins in November

Παρ, 31 Οκτωβρίου 2014 - 11:55

The privatisation process of Turkey's largest natural gas distributor, Istanbul Gas Distribution Inc. (IGDAS), which has a $2.3 billion (1.8 billion euro) market value, will begin in November, Istanbul's mayor has announced, local media reported on Wednesday

CEZ Says EU Nod May Delay Shutdown of Bulgarian TPP Units

CEZ Says EU Nod May Delay Shutdown of Bulgarian TPP Units

Πεμ, 30 Οκτωβρίου 2014 - 18:32

Czech utility group CEZ said on Friday it may delay decommissioning some units at its Bulgarian coal-burning plant in Varna beyond the end of the year if the plant gets an exemption from EU environmental rules