English Edition

Oil Price Drop Takes Its Toll on Kazakhstan

Τρι, 20 Ιανουαρίου 2015 - 17:49

With the lion’s share of Kazakhstan’s budget formed from the crude oil sales, the current plunge of crude oil prices may result in a shortage of petroleum products, experts say. They also predict a general decrease of production over the year and the bankruptcy of smaller oil producing companies.

EY Partners Offer Best Pricing Terms in Croatian LNG Advisory Tender

Τρι, 20 Ιανουαρίου 2015 - 16:44

An alliance led by Ernst & Young has offered the best pricing terms to provide advisory services on the planned project for a liquefied natural gas (LNG) terminal on the Croatian Adriatic island of Krk, local media reported on Monday.

Norwegian Firm to Advise Montenegro in Oil - Gas Tender

Τρι, 20 Ιανουαρίου 2015 - 16:40

The Montenegrin economy ministry said it has signed a contract with Norway's Advokatfirmaet Simonsen Vogt Wiig for consulting services in the negotiating process for the award of a concession for offshore hydrocarbons production.

Slovenia's Krsko NPP Jan Power Output 7.3% Above Plan

Δευ, 19 Ιανουαρίου 2015 - 19:19

Slovenia's sole nuclear power plant Krsko generated 518,043 MWh of net electricity in January, or 7.3% above plan, the plant operator said on Friday.

Croatia's Cotra to Supply Power Meters to State Utility co HEP

Δευ, 19 Ιανουαρίου 2015 - 19:16

Croatian state-owned power utility HEP has awarded a deal for the supply of electricity meters to electrical equipment maker Cotra,a notice in the EU’s procurement journal indicated on Friday.

World Bank Kosovo Sign Agreements on Energy Efficiency Health Projects

Δευ, 19 Ιανουαρίου 2015 - 19:12

The World Bank said it has signed with Kosovo two agreements onefficiency and health projects with total value of $56.5 million (48.6 million euro).

Bottom Drops Out of Russian Oil Barrel

Δευ, 19 Ιανουαρίου 2015 - 19:01

Bracing for an even more dramatic decline in oil prices that has slowed down the Russian economy and weakened the ruble, the Bank of Russia will include a “stress scenario,” assuming global oil prices at $40 per barrel, in its revised forecast of the economic situation in the country.

Terror Looming in the Capital of Europe

Παρ, 16 Ιανουαρίου 2015 - 17:05

The Belgian federal police averted a major terrorist attack in the European capital. High ranking European officials in Brusselspraised the work of the Belgian authorities in the matter. Earlier today, the Commission’s Spokesman stated that the Belgian terrorist events do not concern the European Commission.

US State Secretary Pledges Support for Bulgaria's Energy Diversification Efforts

Παρ, 16 Ιανουαρίου 2015 - 16:57

US Secretary of State John Kerry said on Thursday that his country will back Bulgaria in its efforts to ensure its energy independence, as a joint working group will be set up to explore the options for cooperation in this area.

Croatia's Janaf Signs Oil Transportation Deal With NIS for 2015

Παρ, 16 Ιανουαρίου 2015 - 16:54

Croatian state-owned oil pipeline operator Jadranski Naftovod, said on Thursday it has signed an agreement on oil transportation with Serbian oil and gas company NIS.

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

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.

OPEC Expects Decline in Demand for Oil from its Member-States in 2015 to 28.8 Mln BpD

Πεμ, 15 Ιανουαρίου 2015 - 17:59

Organization of the Petroleum Exporting Countries (OPEC) expects decline in demand for oil from organization’s member-states in 2015 by 100,000 barrelsperday to 28.8 millionbarrels, the world oil cartel said in its January outlook released on Thursday.