English Edition

Putin Says Ukraine’s Gas Bill Overdue

Παρ, 31 Ιανουαρίου 2014 - 13:45

The Russian economy and gas monopoly Gazprom will take a hit if Ukraine, which is facing growing unrest, fails to pay its already reduced gas bill, Russian President Vladimir Putin said on 28 January.

Greece to Present Latest Oil, Gas Seismic Data to Investors in Feb

Πεμ, 30 Ιανουαρίου 2014 - 18:09

Greece will make available to international investors in February the results of recent seismic tests on oil and natural gas in its western and southern waters, Reuters reported, quoting the country’s energy ministry.

Turkey, Romania Among World's Most Attractive Emerging PV Markets

Πεμ, 30 Ιανουαρίου 2014 - 13:41

Turkey ranked as the world's third most attractive emerging photovoltaic (PV) market, followed by Romania, market researcher IHS said on Wednesday.

Big Oil Companies Struggle to Justify Soaring Project Costs

Τετ, 29 Ιανουαρίου 2014 - 18:10

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC spent more than $120 billion in 2013 to boost their oil and gas output--about the same cost in today's dollars as putting a man on the moon.

Shell Sells Stake in Brazilian Project for $1 Billion

Τετ, 29 Ιανουαρίου 2014 - 18:10

Royal Dutch Shell PLC said Wednesday it is selling its 23% interest in the Parque das Conchas project offshore Brazil to Qatar Petroleum International for $1 billion.

Gazprom Exec Says Company Undervalued, Hints At Buyback

Τετ, 29 Ιανουαρίου 2014 - 18:09

Russian gas monopoly OAO Gazprom (GAZP.RS) is undervalued and now may be a perfect time for a share buyback, Alexander Medvedev, deputy chair of the company's management committee said in an interview to state television channel Rossiya 24, Interfax news agency reported Wednesday.

BP Starts Production at West Chirag in Caspian Sea

Τετ, 29 Ιανουαρίου 2014 - 18:09

Oil major BP PLC said Wednesday that production has started at the West Chirag platform of the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea, completing the Chirag oil project which was sanctioned in 2010.

Cyprus: Tenders Invited for Domestic Gas Supply

Τετ, 29 Ιανουαρίου 2014 - 13:20

The Natural Gas Public Company (DEFA) has invited tenders for the supply of natural gas for a period of up to 10 years beginning January 2016.

Bulgaria's Economy Ministry Greenlights South Stream Offshore Section EIA Study

Τρι, 28 Ιανουαρίου 2014 - 18:32

Bulgaria’s environment ministry approved the environmental impact assessment (EIA) report on the country's offshore section of the South Stream gas pipeline, the ministry said on Monday.

GDF Suez Plans to cut EUR190M in Costs in France, Belgium

Τρι, 28 Ιανουαρίου 2014 - 18:31

French power utility GDF Suez (GSZ.FR) plans to cut as much as 190 million euros ($260 million) in reducing the number of administrative centers in Belgium and France, newspaper Les Echos reported Tuesday, citing Olivier Biancarelli, the company's deputy general secretary.

Sakhalin Governor Says Expansion Eyed for Sakhalin 1 LNG Export Terminal

Τρι, 28 Ιανουαρίου 2014 - 18:31

A liquefied natural gas export terminal planned as part of the Sakhalin 1 project in Russia's Far East may double its liquefaction capacity to 10 million metric tons a year, Sakhalin's governor said Tuesday.

Sound Oil Signs Italian Land Lease Contract

Τρι, 28 Ιανουαρίου 2014 - 18:30

Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease contract for the well addressing the Nervesa discovery, which has an estimated net present value at a discount rate of 10% of $66 million and is expected to provide material cash flows from 2015, on the Carita permit in Northern Italy.

Turkey PM to Visit Iran to Expand Ties

Τρι, 28 Ιανουαρίου 2014 - 18:30

Turkish Prime Minister Recep Tayyip Erdogan is due in Tehran Tuesday evening, as both countries seek to expand economic ties and hold talks on the Syrian civil war, an Iranian official said.

Poland Plans To Build First Nuclear Power Plant in 2024

Τρι, 28 Ιανουαρίου 2014 - 18:29

Poland's government Tuesday said it will go ahead with its plans to build two nuclear power plants in the country, after preparations slowed down in the wake of the Fukushima nuclear disaster in Japan.

Romania Plans Auction for 1,000 MW Hydro Project in February

Δευ, 27 Ιανουαρίου 2014 - 19:29

Romania will likely select in February a partner for the construction of its planned 1,000-megawatt hydropower plant in Tarnita-Lapustesti, Minister-delegate for Energy Constantin Nita said Monday, news agency Mediafax reports. Speaking at a news conference, Mr. Nita said the feasibility study for the project should be completed in two to three weeks

Crude Prices Holding Up Despite Storm in Emerging Markets

Δευ, 27 Ιανουαρίου 2014 - 19:27

Crude oil prices in Europe and the U.S. were holding near 2014 highs Monday despite the storms battering equity markets and emerging economies. Brent, the European benchmark, slipped but remained in a narrow range below $108 a barrel, while U.S. WTI contract is hovering around $97 a barrel, after a week of strong gains