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Romania's Hidroelectrica Posts 5-mo Gross Profit of 91.5 mln euro

Τετ, 2 Ιουλίου 2014 - 13:24

Romanian insolvent hydropower producer Hidroelectrica said on Tuesday it posted a five-month gross profit of 401 million lei ($125.2 million/91.5 million euro).

Turkey’s Energy Body Sets Up Stock Exchange

Τετ, 2 Ιουλίου 2014 - 13:23

Turkey’s Energy Marketing Regulatory Authority (EMRA) has set up an Istanbul-based energy stock exchange.

Yannis Maniatis: The Greek Mega Project for Hydrocarbon Exploration

Τρι, 1 Ιουλίου 2014 - 16:25

Greek Energy minister, mr. Yannis Maniatis, presented today in London the so called Greece’s Mega Project for the exploration of hydrocarbons in the Ionian Sea and Crete.

Bulgaria Raises Electricity Prices as of July 1

Τρι, 1 Ιουλίου 2014 - 14:43

The Bulgarian energy regulator said on Monday it will increase electricity prices for households as of July 1 by between 0.22% and 2.78% for customers of the three power distributing companies that operate in the country.

Pipeline Connecting Romania to Moldova is Complete

Τρι, 1 Ιουλίου 2014 - 14:23

Works on the pipeline connecting Iasi (Romania) to Ungheni (Republic of Moldova) have been completed on the Romanian side and Transgaz, the state-owned gas transmission company, will shortly take over the operation of the project, said Saturday Razvan Nicolescu, the delegate minister of energy, reports Mediafax newswire.

Construction of South Stream in Serbia is According to Plan - Chepurin

Τρι, 1 Ιουλίου 2014 - 14:22

The construction and putting into operation of the South Stream gas line in the territory of Serbia is going on according to plan, said Russian Ambassador to Serbia Alexander Chepurin. He told agency Itar-Tass that there were no obstacles on Serbia's part to that project.

ExxonMobil is in Shale Gas Talks with TPAO

Τρι, 1 Ιουλίου 2014 - 14:21

Investors from the United States, Europe and Canada are also interested in Turkey’s shale gas and oil, Selami İncedalcı, head of the Energy Ministry’s General Directorate of Petroleum Affairs told Reuters in an interview.

Spain's Gamesa Wins Contract from Greece's Terna Energy in Bulgaria, Poland

Δευ, 30 Ιουνίου 2014 - 15:26

Spanish wind turbine maker Gamesa said it has secured a contract with the Greek company Terna Energy to provide operation and maintenance services on 116 megawatt (MW) located in Poland and Bulgaria for a period of five years.

Oil, Gas Futures Prices Continue to Wane After Hitting Highs

Δευ, 30 Ιουνίου 2014 - 15:23

Oil and natural gas futures prices continued to wane after hitting highs earlier in the week.

TAP Issues Contract Notice for Supply of Gas Turbine Compressors in Greece and Albania

Παρ, 27 Ιουνίου 2014 - 18:59

Trans Adriatic Pipeline (TAP) is continuing its pre-qualification of potential suppliers for the construction of the 870km-long high pressure natural gas pipeline with its associated infrastructure across Greece, Albania, and Adriatic Sea with landfall in Southern Italy.

Bulgarian Power Utility NEK 2010-2014 Liabilities at 1.5 Bln Euro

Παρ, 27 Ιουνίου 2014 - 13:08

The head of Bulgaria's energy regulator said the total liabilities accrued by state-owned electricity company NEK in the 2010-2014 period amounted to 2.9 billion levs ($2.0 billion/1.5 billion euro), news portal investor.bg reported.

Hellenic Petroleum to Sell Second Bond in Two Months

Παρ, 27 Ιουνίου 2014 - 11:44

Greece's biggest refiner Hellenic Petroleum said on Thursday it mandated Barclays Bank PLC and Credit Suisse Securities as global coordinators to issue a five-year bond.

Romania to Block any Price Hikes of Indigenous Gas for Companies

Παρ, 27 Ιουνίου 2014 - 11:43

The Romanian government has decided on Thursday to block any price hikes of indigenous gas for companies starting July 1, citing a report of energy watchdog ANRE that says Romania has reached convergence of prices with other markets in the regions.

Greece to Launch Major Oil Quest in Early July

Πεμ, 26 Ιουνίου 2014 - 14:23

Greece will invite major oil companies next month to conduct offshore test drillings, the government said, launching the debt-laden country’s most ambitious attempt so far to develop its untapped hydrocarbon potential.

Romania-Moldova Gas Pipeline to Become Operational at end-Aug

Πεμ, 26 Ιουνίου 2014 - 12:46

Moldova's government said on Wednesday a gas pipeline linking Romania and Moldova will be put into operation at the end of August.

IEA Study Measures Economic Benefits of Oil Stocks

Πεμ, 26 Ιουνίου 2014 - 12:45

The oil stocks that the 29 International Energy Agency member countries must maintain not only aid energy security but also save money, according to a study contained in the new IEA publication Energy Supply Security 2014. The review of member countries’ abilities to react quickly and effectively to significant energy supply disruptions valued the stockpiles’ global benefits over 30 years at about USD 3.5 trillion.