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50 Million Euros Invested in Turkish Renewables and Energy Efficiency by EBRD

Πεμ, 26 Δεκεμβρίου 2013 - 09:55

The European Bank for Reconstruction and Development (EBRD) is continuing to support the efforts of Turkish businesses to become more energy efficient, through a new €50 million financing package to Turkiye IsBankası (IsBank). The loan will provide IsBank with long-term financing for sustainable energy investments under the EBRD’s Mid-Size Sustainable Energy Financing Facility.

Northern Petroleum Reclassifies Adriatic Discoveries as 2C From 2P

Τρι, 24 Δεκεμβρίου 2013 - 17:30

Northern Petroleum PLC (NOP.LN) Tuesday said recoverable oil at its Rovesti and Giove discoveries in the Southern Adriatic Sea, Italy, will be classified as 2C contingent resource rather than 2P reserves, based on the interim findings of a review

FYROM's ELEM Invites Bids for Boskov Most HPP Construction

Τρι, 24 Δεκεμβρίου 2013 - 17:27

FYROM state-owned power producer ELEM has called a tender for construction works on Boskov Most hydro power plant (HPP) project, the European Bank for Reconstruction and Development (EBRD), which is providing funding for the project, said on Friday

Brazil Regulators Approve BP's Sale of Polvo Field Stake to HRT

Τρι, 24 Δεκεμβρίου 2013 - 16:54

Brazilian oil regulators have approved BP Plc's (BP, BP.LN) sale of a 60% stake in the Polvo offshore oil field to HRT Participacoes em Petroleo SA (HRTP3.BR), HRT said in a regulatory filing Tuesday. Completion of the $135 million deal comes at a critical time for HRT, transforming the firm from an exploration company into a crude-oil producer. HRT has seen its shares crater amid a series of management shakeups and exploration failures in Namibia. Polvo produces about 13,000 barrels of heavy crude oil per day that should produce a steady stream of revenue for HRT

Shipyards In China, Japan Focus On Tankers

Δευ, 23 Δεκεμβρίου 2013 - 17:41

Japanese and Chinese shipyards have their sights on one of the few markets that isn't in the doldrums -- sophisticated tankers for liquefied natural gas -- hoping to challenge market leader South Korea. With demand for gas soaring in Asia and a North American gas export boom just over the horizon, China's technical skills are improving and Beijing wants importers to use more ships built at home. Meanwhile, despite political tensions, Japanese shipbuilders are preparing to build LNG tankers in China

Serbia's EP Unit Signs Deal to Supply Power to NIS in 2014

Δευ, 23 Δεκεμβρίου 2013 - 17:39

Serbian oil and gas company NIS [BEL:NIIS] said on Friday it has signed a deal with EPS Snabdevanje, a unit of state-owned power utility EPS, for electricity supply in 2014. The deal covers 350 million kilowatt-hours of electricity supply to over 1,045 NIS facilities, including its refineries, warehouses, fuel stations and office buildings, NIS said in a statement

Enel and ArcelorMittal Abandon Romanian Nuclear Project

Δευ, 23 Δεκεμβρίου 2013 - 16:58

Italy's utility Enel and steelmaker ArcelorMittal are selling their entire stakes in Romania's long-delayed project to expand its nuclear plant in Cernavoda, leaving the state-run power company as the sole shareholder, news agency Mediafax reported. Nuclearelectrica said Monday it will move on with the EnergoNuclear project and is in talks to attract a majority shareholder

Russia Fin Min Expects Ukraine to Get $3B from Eurobonds on Tuesday

Δευ, 23 Δεκεμβρίου 2013 - 16:53

Ukraine will get the first $3 billion of proceeds from placing its eurobond as part of Moscow's bailout package, Russia's finance minister said Monday. "The deal was closed Friday, and according to our estimates the final transfer of the proceeds will happen Tuesday," Anton Siluanov told reporters

Gazprom, BEH to Hike South Stream Bulgaria's Capital

Παρ, 20 Δεκεμβρίου 2013 - 17:34

State-owned Bulgarian Energy Holding (BEH) and Russian gas giant Gazprom plan to raise the capital of the joint venture company, which was set up to build and operate the South Stream gas pipeline on Bulgarian territory, by contributing 191 million levs ($133.5 million/97.7 million euro) each, Capital Daily reported.

E.ON Seeks to Sell Its Entire Spanish, Italian Ops

Παρ, 20 Δεκεμβρίου 2013 - 17:29

German energy utility E.ON SE (EOAN.XE) intends to sell its entire Italian and Spanish operations as part of a broader strategy to center its European business around its home market Germany, weekly magazine Der Spiegel reports Friday without identifying its sources.

Total's French Refineries Workers Extend Week-Long Strike

Παρ, 20 Δεκεμβρίου 2013 - 17:29

Workers at Total SA's (TOT) refineries in France voted to extend a week-long strike to demand higher pay as European refiners are cutting capacity in an industry hurt by stagnant demand and rising competition from abroad.

Gazprom Starts Oil Production At Arctic Rig Raided By Greenpeace

Παρ, 20 Δεκεμβρίου 2013 - 17:29

Russia's state-held energy giant OAO Gazprom (GAZP.RS) said on Friday it had launched oil production at an Arctic rig that was raided in September by 30 Greenpeace activists whom the authorities later detained.

Rosneft Signs Asset Swap Deal with Novatek

Παρ, 20 Δεκεμβρίου 2013 - 17:28

The head of Russia's largest oil producer OAO Rosneft (ROSN.RS) said Friday it has signed an asset-swap deal with the country's No.2 producer, Novatek, the Interfax news agency reports.

Asian LNG Spot Prices Ease From Seasonal High

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Asian spot liquefied natural gas prices have eased after touching a seasonal peak in early December but are expected to remain high through February on firm winter demand.

Libya Securing Tobruk Oil Terminal Ahead of Exports Restart - Oil Official

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Libya is ensuring that Tobruk's oil terminal--which hasn't functioned for several weeks--is safe from a technical, operational standpoint before exports from the port resume in the coming days, a top oil official said Wednesday, in an example of rare progress for the country's embattled oil sector.

Petrobras Says Latest Oil Find Confirms Sergipe's Potential

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Brazilian state-run oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Wednesday that a well off the country's northeast coast had confirmed the region's potential as a new frontier for oil and natural gas production.