English Edition

Common Rules and Infrastructure Needed to Complete Energy Market

Δευ, 13 Οκτωβρίου 2014 - 18:26

An integrated EU energy market is the most cost-effective way to ensure secure and affordable supplies to EU citizens and mitigate climate change. A completed internal energy market could bring net economic benefits between 16 and 40 billion euros each year

Russia - China Sign Agreement on Cooperation in Russian Gas Supplies Via Eastern Route

Δευ, 13 Οκτωβρίου 2014 - 17:02

Russia and China havesigned an agreement on Monday on cooperation in the sphere of Russian natural gas supplies via the Power of Siberia gas pipeline, the so-called “eastern route

Gazprom Neft Well-Prepared For US-EU Sanctions

Παρ, 10 Οκτωβρίου 2014 - 19:42

Gazprom Neft has been well prepared to face Western sanctions, a source close to the company told New Europe on October 10. The oil arm of Russian gas monopoly Gazprom expected that sanctions would put some restrictions and some limits in its operations abroad and started talking to its Eastern partners and drilling companies in late spring

Greece’s Energean Set to Be a Regional Oil Leader: CEO

Παρ, 10 Οκτωβρίου 2014 - 19:07

Energean Oil & Gas is becoming a leader in the eastern Mediterranean region as it revives Greek production, adds new licenses, bids for offshore concessions and moves into Israel, Chief Executive Officer Mathios Rigas said

Canada's Valeura Energy Discovers Gas in 3 Wells in Turkey

Παρ, 10 Οκτωβρίου 2014 - 17:50

Canada-based and Turkey-focused oil and gas explorer Valeura Energy said it has made gas discoveries in three new vertical exploration wells drilled in northern Turkey

Oil & Gas Gazprom to Cut Gas Deliveries by 15% - Romania's Energy Dept

Παρ, 10 Οκτωβρίου 2014 - 17:47

"For today, initially a 20.45% reduction was announced, but they said later that theactual cutwill be 15%," the energy department's press officetold SeeNews in an emailed statement

Lukoil May Exit Romania Focus on Bulgarian Refinery

Παρ, 10 Οκτωβρίου 2014 - 17:47

Russia's Lukoil plans to exit Romania, where it owns an oil refinery and more than 300 filling stations, and focus on raising the capacity of its refinery in neighbouring Bulgaria, Bucharest-based media reported on Thursday

Europe Gears Up to Make Fusion Energy a Reality

Πεμ, 9 Οκτωβρίου 2014 - 17:38

The European Commission and the European fusion research laboratories are launching today a European joint programme on fusion in Horizon2020 – ‘EUROfusion’ – that will ensure significant progress along the path towards the realisation of fusion energy. This joint programme has an overall budget of at least 850 million euro over the period 2014-18, of which about half will come from the Euratom Horizon 2020 fusion energy research programme

All Eyes on OPEC as Brent Crude Keeps Falling

Πεμ, 9 Οκτωβρίου 2014 - 14:46

As the crude oil price seems likely to drift lower during the coming months than to rally, all eyes are on the Arab OPEC producers, wondering when they will take action. Oil ministers from the Organization of Petroleum Exporting Countries hold a production policy meeting in late November in Vienna

Croatia's INA To Start 100 Mln Kuna (13.1 Mln Euro) Redundancy Program

Τετ, 8 Οκτωβρίου 2014 - 17:20

Croatian oil and gas company INA [ZSE:INA-R-A] said on Tuesday its management has adopted a redundancy program worth over 100 million kuna ($16.5 million/13.1 million euro)

Russia Offers Ukraine Gas Break Wants Back Bills Paid

Τρι, 7 Οκτωβρίου 2014 - 16:29

Russian Prime Minister Dmitry Medvedev said on October 6 that Moscow and Kiev should compromise over the months-long gas dispute that would re-open gas exports for winter, but warned Ukraine’s outstanding debt won’t be forgiven

Oil and Gas Companies Dominate SeeNews TOP 100 SEE Ranking

Δευ, 6 Οκτωβρίου 2014 - 19:12

Oil and gas companies dominated the SEE TOP 100 2014 ranking by Sofia-based news agency SeeNews, SeeNews said. Oil and gas companies continued to dominate the rankings and generate the bulk of the total revenue but both their combined revenues and profit fell, SeeNews said in its seventh edition of its ranking of the biggest companies in Southeast Europe, SeeNews TOP 100 SEE, released last week

Bulgartransgaz to Call Tenders for Three Gas Pipelines in Q1 2015 - EBRD

Δευ, 6 Οκτωβρίου 2014 - 19:05

Bulgaria’s gas transmission system operator Bulgartransgaz will open in the first quarter of next year four tenders for the the provision of goods, works and services on a 21.8 million euro ($27.5 million) project for the construction of three gas pipelines, the European Bank for Reconstruction and Development (EBRD) said on Friday

Serbia's EPS Plans to Seek Rollback of EBRD Funds for Six SHPPs

Δευ, 6 Οκτωβρίου 2014 - 19:01

The supervisory board of Serbian state-owned power utility EPS has decided that steps should be taken to roll back funding provided by the European Bank for Reconstruction and Development (EBRD) for the construction of six small hydro power plants (SHPPs), EPS said

Iran Wants In on The US War on ISIS

Δευ, 6 Οκτωβρίου 2014 - 18:56

As the United States moves to escalate its war against the Islamic State of Iraq and al-Sham (ISIS) and forge a coalition against the terrorist group, Iran should be consulted, a former deputy foreign minister of Iran, told New Europe

Albania Counts on TAP for Gas Hopes

Παρ, 3 Οκτωβρίου 2014 - 20:22

The Albanian market will benefit from large quantities of natural gas that will come via the Trans Adriatic Pipeline (TAP) and it has already been agreed than an established exit point will supply the energy-starved country with gas, Albania’s Deputy Minister of Energy and Industry Dorian Ducka told New Europe on October 1