English Edition

Enel CEO: More Interested in Buying TAP Pipeline Gas Than Stake in Project

Τρι, 26 Μαρτίου 2013 - 18:10

Italian utility Enel SpA (ENEL.MI) is more interested in buying the Caspian natural gas that will be carried by the planned Trans Adriatic Pipeline than in acquiring a stake in the project, the company's chief executive said Tuesday.

Albanian Parliament Ratifies Intergovernmental Agreement on the Trans Adriatic Pipeline

Τρι, 26 Μαρτίου 2013 - 12:19

On March 25, 2013 the Albanian Parliament unanimously ratified the Intergovernmental Agreement (IGA) between Albania, Italy and Greece on the construction and operation of the Trans Adriatic Pipeline (TAP) project. Signed in Athens on February 13, 2013, the tri-lateral IGA confirmed the three host countries’ support for TAP and their cooperation for the project’s timely implementation.

Trans Adriatic Pipeline Completes Front End Engineering Design

Τρι, 26 Μαρτίου 2013 - 12:18

TAP has reached another significant milestone in the project development by completing the Front End Engineering Design (FEED) stage. This prepares the natural gas pipeline project for the next steps including detailed engineering, start of tendering for steel pipes and construction services.

Cyprus Could Drive Oil Down To $105 -SEB

Παρ, 22 Μαρτίου 2013 - 18:18

Problems in Cyprus, where a bailout deal has yet to be reached, could push crude oil futures further down, says Filip Petersen of SEB Commodity Research.

Gazprom, CNPC Discuss Advance Payments For Gas Via Eastern Route

Παρ, 22 Μαρτίου 2013 - 18:17

Russia's state-run gas company, OAO Gazprom (GAZP.RS), is in discussions with the China National Petroleum Corp. on advance payments for gas supplies to be delivered via the eastern route, a senior Gazprom official told Interfax Friday.

Germany's Bosch To Exit Solar Energy Business After Sustained Losses

Παρ, 22 Μαρτίου 2013 - 18:17

German automotive technologies company Robert Bosch GmbH said Friday it will end its solar energy business by early next year, blaming the decision on sustained losses amid massive overcapacity in the global solar energy market.

Enel Looking to Buy Extra Coal from Colombia, US

Παρ, 22 Μαρτίου 2013 - 18:17

Italy's largest utility by capacity Enel SpA (ENEL.MI) is looking to buy several million metric tons of coal from North American and Colombia, a senior executive said Friday.

TAP and Shah Deniz Consortium Members Select Société Générale as Financial Advisor

Παρ, 22 Μαρτίου 2013 - 13:39

The Trans Adriatic Pipeline (TAP), and members of the Shah Deniz Consortium have selected Socié té Générale Corporate & Investment Banking to provide financial guidance to the project during its preparatory and construction phases.

Sky Solar Hooks to Grid 70 MW PV Plant in Greece

Παρ, 22 Μαρτίου 2013 - 12:10

Chinese solar developer Sky Solar Holdings Co Ltd has connected to the grid a 70 MW photovoltaic (PV) plant in Greece. The facility is composed of 40 MW and 30 MW project packages, which were grid-connected on January 28 and March 12, respectively, Sky Solar said in a statement today.

Lukoil CEO: Company Not Affected By Cyprus Crisis

Πεμ, 21 Μαρτίου 2013 - 17:53

OAO Lukoil Holdings (LKOH.RS), Russia's NO. 2 oil producer, hasn't been affected by the Cyprus crisis, Chief Executive Vagit Alekperov said Thursday.

EU Takes Poland, Cyprus To Court Over Renewable Energy Rules

Πεμ, 21 Μαρτίου 2013 - 17:53

The European Union's executive body said Thursday it is taking Poland and Cyprus to court for failing to introduce new laws on EU renewable energy rules central to the bloc's climate and energy policy.

Rosneft Closes TNK-BP Deals, Becomes World's Largest Listed Oil Producer

Πεμ, 21 Μαρτίου 2013 - 17:52

Russian state oil giant OAO Rosneft (ROSN.RS) Thursday closed deals worth around $55 billion to take over TNK-BP and become the world's largest listed oil producer, with BP PLC (BP) as a major shareholder.

Gazprombank Says Not in Talks on Financial Aid to Cyprus

Τετ, 20 Μαρτίου 2013 - 17:55

Russia's OAO Gazprombank (GZPR.RS) is not in talks about providing financial aid to Cyprus, a spokesman for the bank said Wednesday.

EU Approves UK Plan to Fund Study of Carbon Capture Technology

Τετ, 20 Μαρτίου 2013 - 17:55

The European Union's competition authority approved Wednesday a U.K. plan to fund the early study of carbon capture and storage, a technology under development that will catch the CO2 emitted by burning coal and natural gas, to then store it underground.

Yemen Invites Bids for 15 Oil, Gas Exploration Blocks

Τετ, 20 Μαρτίου 2013 - 17:55

Yemen has invited international firms to bid for 15 offshore and onshore oil and gas exploration blocks, the country's oil ministry said Wednesday.

Russia EconMin Plans To Up '13 Average Oil Price Forecast to $105 from $97

Τετ, 20 Μαρτίου 2013 - 17:54

Russia's economy ministry plans to raise its average oil price forecast for 2013 to $105 per barrel from a previously expected $97, the first deputy finance minister said Wednesday, Interfax news agency reports.