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Romania Regulated Electricity Prices Expected to Drop

Πεμ, 19 Ιουνίου 2014 - 12:17

Emil Calota, vicepresident of Romania's National Agency for Energy Regulation (ANRE), announced on Wednesday that regulated electricity prices will drop starting with July 2014, Mediafax reports.

Zoltav Resources has Bought Cyprus' Royal Atlantic Energy for $180m

Πεμ, 19 Ιουνίου 2014 - 12:16

Russian oil and gas explorer and producer Zoltav Resources has bought Royal Atlantic Energy (Cyprus) for $180m.

Croatia Prepares Onshore Oil, Gas Exploration Tender

Τετ, 18 Ιουνίου 2014 - 13:25

Croatia is preparing its first tender for onshore oil and gas exploration and production which will target the Podravina and Posavina locations, in the basins of the Drava and Sava rivers, the country's economy minister Ivan Vrdoljak said on Tuesday.

Bulgaria is Ready to Secure Gas for a Maximum Period of Time

Τετ, 18 Ιουνίου 2014 - 13:21

“The Bulgarian government is ready to secure gas for a maximum period of time, at least 3-4 months. There is a decision of the Council of Ministers to inject additional gas quantities in UGS Chiren. We have ideas for alternative supplies”, said Bulgaria's Deputy Prime Minister on Economic Development Daniela Bobeva in response to a journalist's question regarding Russia-Ukrain gas supply disputes.

Serbia Will Continue Construction of the South Stream Pipeline in July

Τετ, 18 Ιουνίου 2014 - 13:20

Russian Foreign Minister Sergei Lavrov said Serbia will continue construction of the South Stream pipeline in July as Norwegian gas company Statoil told the European Union it will help with gas supplies. Russia cut off gas to Ukraine on Monday, which could affect Europe’s gas supply.

Total E&P Bulgaria Invites Bids for Offshore Well Drilling Services

Τρι, 17 Ιουνίου 2014 - 12:14

Total E&P Bulgaria, the Bulgarian unit of France’s Total, has opened a tender for offshore drilling services for two wells at Bulgaria’s 1-21 Han-Asparuh offshore exploration block, a tender notice indicated.

Romania's Oil Production Increased by 4 percent

Τρι, 17 Ιουνίου 2014 - 12:13

Romania’s oil production increased by 4 percent last year, to 86,644 barrels a day. This is the first growth in the country’s oil production since 1994, when it produced 145,370 barrels a day. The largest oil production ever recorded in Romania was in 1977, of 313,541 barrels a day.

No Major Iraqi Supply Disruptions So Far: Obama

Δευ, 16 Ιουνίου 2014 - 12:49

President Barack Obama said today the US has seen no indication that fighting in Iraq has caused major disruptions in oil flows. But Washington will consult with Mideast Gulf producers about making up for any potential shortfalls.

EU Assists Albania to Improve the Reliability of Electricity Supply

Δευ, 16 Ιουνίου 2014 - 11:45

As reported by Western Balkans Investment Framework, over the last 15 months, the project team, working in close cooperation with the beneficiaries in Albania, undertook the study work and prepared system analyses and detailed technical assessmentof the project, financial and economic assessments, financing and procurement plans, projectimplementation plan, and environmental and social impact assessment of the project.

Europeans Seeking Iranian Gas Supplies

Δευ, 16 Ιουνίου 2014 - 11:44

Informed sources said on Sunday Switzerland recently approached the Iranian Oil Ministry officials for the start of negotiations over importing gas, Fars News Agency reported.

Turkish Elsan Places Highest Bid for Power Plant

Παρ, 13 Ιουνίου 2014 - 14:17

Turkish energy contracting and generating firm Elsan has placed the highest bid of $1.091 billion to win the operational rights of Yatağan thermal power plant in the Aegean province of Muğla.

South Stream Irreversible as an European project- Bulgaria's Stoynev

Παρ, 13 Ιουνίου 2014 - 14:16

"I have completed my task within a year and have set the "South Stream" project to a new level. Nobody has no longer questioned the project "South Stream" implementation and the need for the "South Stream" project.

Kurdish Iraqi Oil Shipped from a Turkish Port has been Bought by Russians

Παρ, 13 Ιουνίου 2014 - 14:15

Russian oil firm Rosneft bought a cargo of Kurdish oil for a German refinery it co-owns with oil major BP, quietly circumventing Baghdad’s ban on independent oil sales by its autonomous region, according to trading sources.

Romania Requires Gas Producers to Sell Part of Output on Bourse as of July 1

Παρ, 13 Ιουνίου 2014 - 14:14

Romania's government has decided to require local gas producers to sell part of their output on the country's commodity market as of July 1, minister delegate for energy Razvan Nicolescu said.

First Day of IENE's 8th SEEED Focuses on Global Perspectives of Energy Sector and Electricity Market Priorities in SE Europe

Τετ, 11 Ιουνίου 2014 - 18:53

“Global and Regional Perspectives of Energy” and “Electricity Market Priorities and Infrastructure Requirements in SE Europe” are, respectively, the subjects of the first and the second sessions of today’s inaugural day of IENE’s "8thSE Europe Energy Dialogue”, which takes place in Thessaloniki(June 11 - 12, 2014). Held under the auspices of the Greek Presidency of the EU and organized in association withthe World Energy Council (WEC), this year’s Energy Dialogue meeting, will focus on "The New Energy Mix”, which gradually emerges in SE Europe and beyond

Ministry, DEPA Plan to Open Up Gas Trade

Τρι, 10 Ιουνίου 2014 - 17:23

The liberalization of the local retail market for natural gas is the main priority of the new administration at the Public Gas Corporation (DEPA), as the country’s creditors are expecting the Environment and Energy Ministry to submit the bill on the necessary changes next month.