English Edition

Croatian Fin Regulator Probes INA Over MOL Talks, Arbitration Move

Παρ, 7 Φεβρουαρίου 2014 - 12:29

Croatia's financial regulator, HANFA, has launched a probe into the failure of local oil and gas company INA [ZSE:INA-R-A] to react to arbitration proceedings launched by Hungary's MOL against the government in Zagreb, Croatian state-run broadcaster HRT reported on Thursday.

Bulgaria's BEH Says NEK, ESO Split-up Completed

Πεμ, 6 Φεβρουαρίου 2014 - 15:28

Bulgarian state-owned electricity company NEK and Electricity System Operator (ESO) completed on February 4 the last phase of their split-up, regarding the unbundling of the ownership of the network and the associated assets, the Bulgarian Energy Holding (BEH) said on Wednesday.

Cyprus Allows Total E&P Offshore Seismic Tests for Natgas

Τετ, 5 Φεβρουαρίου 2014 - 15:34

Cyprus has awarded a license to Total E&P Cyprus Ltd., the local subsidiary of the French energy giant, to conduct seismic tests for oil and gas exploration within its offshore territory as Financial Mirror online reports. Agriculture and Natural Resources Minister Nicos Kouyialis announced that he has awarded the license for block 10 within the Cyprus Excusive Economic Zone (EEZ), as well as within "parts of blocks 6, 7 and 11."

Serbia's EPS to Set Up Unit in Slovenia, Eyes Hungarian Power Exchange

Τετ, 5 Φεβρουαρίου 2014 - 14:25

Serbian state-owned power utility EPS said on Tuesday its supervisory board has approved plans to set up a unit in Slovenia in a bid to strengthen the company's position on the regional electricity market.

President Plevneliev Says Doubtful about Need to Build Second NPP in Bulgaria

Τετ, 5 Φεβρουαρίου 2014 - 13:06

Bulgaria’s president Rossen Plevneliev said he is doubtful if Bulgaria needs to build a second nuclear power plant (NPP) even though the country will continue to develop nuclear energy.

Traditional Fuels Still Account for 62 pct of Energy Consumption in Slovenia

Τετ, 5 Φεβρουαρίου 2014 - 12:59

The Statistical Office of the Republic of Slovenia carried out a pilot project on Physical energy flow accounts in 2013.

TANAP Project Co Says 18 Bidders Pre-qualify in Pipes Supply Tender

Τρι, 4 Φεβρουαρίου 2014 - 19:44

TANAP Dogalgaz Iletisim, the project owner of the Trans Anatolian Natural Gaz Pipeline (TANAP), said that 18 companies have pre-qualified in the tender for steel pipes supply for the main pipelines of the TANAP project which will carry Azeri gas to Europe via Turkey

Committee of Regions Calls for Tighter Rules on Illegal Waste Shipments

Τρι, 4 Φεβρουαρίου 2014 - 19:43

The Committee of Regions (CoR) announced that local and regional authorities called the EU policy makers to adopt tighter EU rules to clamp down illegal waste shipments. CoR, the EU's assembly of local and regional authorities, adopted a report that back plans to amend the existing legislation on illegal waste shipments. Led by Cllr Paula Baker (UK/ALDE), the Committee argues that changes to the current EU regulation must set far more stringent shipping inspections, introduce consistent controls across all EU member states, and increase the power of public authorities

EU Highlights Integration of BiH in European Energy Market

Τρι, 4 Φεβρουαρίου 2014 - 19:42

On 28 January, representatives of the European Commission and Bosnia and Herzegovina underlined the high importance of the integration of Bosnia and Herzegovina in the European energy market. Deputy Director General for Energy of the European Commission, Fabrizio Barbaso, Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina, Boris Tucic, and the two Prime Ministers, of the Federation of Bosnia and Herzegovina, Nermin Niksic, and of Republika Srpska, Zeljka Cvijanovic, discussed energy related matters of relevance for the EU integration of Bosnia and Herzegovina, a press release read

BP Fourth-Quarter Profit Drops as Disposals Hurt Oil Output

Τρι, 4 Φεβρουαρίου 2014 - 19:30

BP Plc (BP/), Europe’s second-largest oil company, said fourth-quarter profit fell from a year earlier as output declined and refining margins weakened. Profit adjusted for one-time items and inventory changes dropped to $2.8 billion from $3.9 billion a year earlier, the London-based company said in a statement

Making the European Energy System Greener and More Competitive

Δευ, 3 Φεβρουαρίου 2014 - 18:27

CO2 emissions should be cut and the amount of renewable energy boosted to make our energy system more competitive and greener, but by how much? The European Commission proposes to cut emissions by 40% compared to the level in 1990 and increase the share for renewable energy to 27% by 2030, however many MEPs have criticised the plans, which will be voted on during next week's plenary.