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PPC Says Rates to Stay Put, at Least for Now

PPC Says Rates to Stay Put, at Least for Now

Δευ, 1 Ιουλίου 2013 - 13:44

Electricity rates will be fully deregulated in Greece as of Monday, but the head of Public Power Corporation (PPC) Arthuros Zervos announced on Saturday that there will be no changes to the pricing policy of the power giant for the next few months at least.

Gazprom Expects 2013 Exports to Europe, Turkey to Rise

Gazprom Expects 2013 Exports to Europe, Turkey to Rise

Παρ, 28 Ιουνίου 2013 - 17:05

Gazprom's (GAZP.RS) exports to Europe and Turkey rose 10% in the first half of this year and are set to reach 160 billion cubic meters in the whole of 2013, the Russian company's chief executive said Friday, Interfax reported.

Greek PM Hails TAP Gas Pipeline Award

Greek PM Hails TAP Gas Pipeline Award

Παρ, 28 Ιουνίου 2013 - 17:04

Greek Prime Minister Antonis Samaras Friday hailed a decision to build a pipeline that will bring natural gas from Azerbaijan to Europe via Greece, saying the investment will create thousands of new jobs, put the country on the regional energy map and reverse recent negative views on Greece.

European Pipeline Loses Bid To Ship Gas

European Pipeline Loses Bid To Ship Gas

Πεμ, 27 Ιουνίου 2013 - 16:27

A centerpiece of the European Union's push to limit its reliance on Russian natural gas came to an unsuccessful conclusion Wednesday after the Nabucco West pipeline consortium lost its bid to ship gas from Azerbaijan into Europe.

Gazprom Sees 2013 Net Profit Dropping 10%

Gazprom Sees 2013 Net Profit Dropping 10%

Πεμ, 27 Ιουνίου 2013 - 16:27

Russia's state-run gas giant OAO Gazprom (GAZP.RS) expects its 2013 net profit to fall 10%, as the cost of producing gas rises, the company's deputy chief executive, Andrei Kruglov, said Thursday, according to the Interfax and Prime news agencies.

Renewables Infrastructure Group to Raise GBP300M in London IPO

Renewables Infrastructure Group to Raise GBP300M in London IPO

Πεμ, 27 Ιουνίου 2013 - 16:26

The Renewables Infrastructure Group, a newly incorporated Guernsey investment company focusing on onshore wind and solar photovoltaic energy generation assets, said Thursday it plans to raise up to 300 million pounds to buy a portfolio of onshore wind and solar PV energy generation assets, and list on the Main Market of the London Stock Exchange.

Aramco, Sinopec JV Refinery to Start Operations By End 2014 - Exec

Aramco, Sinopec JV Refinery to Start Operations By End 2014 - Exec

Πεμ, 27 Ιουνίου 2013 - 16:26

Saudi Arabian Oil Co., or Aramco, and China Petrochemical Corp. or Sinopec Group, are expected to start their joint Yanbu, Saudi Arabia-based oil refinery operations by the end of 2014, a top executive from Aramco said Thursday.

Shell to Acquire Further 25% Interest in Albanian Blocks - Petromanas

Shell to Acquire Further 25% Interest in Albanian Blocks - Petromanas

Τετ, 26 Ιουνίου 2013 - 16:19

Canada-based oil and gas company Petromanas Energy said Royal Dutch Shell will acquire a further 25% participating interest in Albanian Blocks 2-3 in exchange for total consideration of some $22 million (16.8 million euro) under an amended definitive farm out agreement between the two companies.

Frances Total Weighs Bids for U.K. Shale Gas

France's Total Weighs Bids for U.K. Shale Gas

Τετ, 26 Ιουνίου 2013 - 14:55

French energy major Total SA (TOT, FP.FR) is considering bidding for rights to explore for shale gas in Britain and is "frustrated" by a lack of information on a licensing round to be held next year, the Daily Telegraph reported Wednesday.

Italy Regulator Asks Renewable Producers to Act Responsibly on Costs

Italy Regulator Asks Renewable Producers to Act Responsibly on Costs

Τετ, 26 Ιουνίου 2013 - 14:53

Italy's energy regulator Wednesday asked renewable producers to act responsibly as the incentives to promote the sector is costing billions of euros a year, despite the country's energy demand dropping to 1998 levels due to the recession.