English Edition

Novatek's Arctic LNG Project Receives Environmental Approval

Τετ, 20 Μαρτίου 2013 - 17:54

Russia's largest independent gas producer OAO Novatek (NVTK.RS) said Wednesday it has received environmental approval for a liquefied natural gas project in the Arctic and that construction will begin soon.

The Share of LPG-Driven Cars Registered in Turkey is 41.2%

Τετ, 20 Μαρτίου 2013 - 12:49

The total number of motor vehicles. in Turkey, registered were 17 143 099 by the end of January; while cars had a share 50.9%, followed by small trucks 16.5%, motorcyles 15.5%, tractors 8.9%, trucks 4.4%, minibuses 2.3%, buses 1.4% and special purpose vehicles 0.2%.

Greece: 224 MW of Photovoltaic Capacity Was Added in February

Τρι, 19 Μαρτίου 2013 - 18:33

After the installation of 300 MW in January, photovoltaic installed capacity in Greece increased by another 224 MW in February, according to the official data by the operator, LAGIE.

Japan May Again Be Without Nuclear Power Later This Year -Official

Τρι, 19 Μαρτίου 2013 - 18:19

Japan will have no working nuclear reactors when its only operational plants go offline for regular maintenance in September, the main regulator said on Tuesday.

Italy to Allow More Community Involvement in Energy Project Planning

Τρι, 19 Μαρτίου 2013 - 18:18

Italy's outgoing government has decided to allow the local population to be more involved in the planning process for new energy infrastructure projects, to ensure they are implemented more swiftly, said a top official Tuesday.

Romania Transgaz May Cover Up To 20% of Nabucco Pipeline Costs

Τρι, 19 Μαρτίου 2013 - 18:18

Romanian state-run natural gas transmission system operator Transgaz (TGN.RO) could finance between 7% and 20% of the future Nabucco West international pipeline project, the company said in a call to its shareholders Tuesday, news agency Mediafax reports.

Libya Starts Review of Oil, Gas Laws, Prepares New Regulations

Τρι, 19 Μαρτίου 2013 - 18:18

Libya has started meetings to review its current oil and gas laws in order to draft new legislation that govern its sector and conform with international standards, the state-run National Oil Corp., or NOC, said Tuesday.

Brazil Petrobras Will Need to Raise Net $4.3 Billion Per Year to Fund Investments -CFO

Τρι, 19 Μαρτίου 2013 - 18:18

Brazilian state-run oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, expects to raise a net $4.3 billion in global capital markets each year to fund its investment plan over the next five years, Chief Financial Officer Almir Barbassa said Tuesday.

TEPCO Says Cooling System Restored at Fukushima Plant

Τρι, 19 Μαρτίου 2013 - 18:17

Tokyo Electric Power Co. (9501.TO) said Tuesday it has resumed cooling the spent fuel pools of the Nos. 1, 3 and 4 reactors at the crippled Fukushima Daiichi nuclear power plant, a day after the key system was suspended due to a suspected problem with a power switchboard, Kyodo News reported.

U.S. Blacklists Greek Shipper

Παρ, 15 Μαρτίου 2013 - 17:20

The U.S. government said it is imposing punitive sanctions on a Greek businessman who allegedly used Iranian money to buy oil tankers to help Iran ship crude oil in violation of U.S. and European Union sanctions.

Suntech Shares Slide Ahead of Debt Payment Deadline

Παρ, 15 Μαρτίου 2013 - 17:19

Shares of Suntech Power Holdings Co. Ltd. (STP) closed Thursday at their lowest level, as the company faced a potential default on $541 million of bonds barring a last-minute deal with debt holders.

India's Imports of Iranian Crude Oil Fall on US, Europe Sanctions

Παρ, 15 Μαρτίου 2013 - 17:19

Iran was India's seventh-largest supplier of crude oil for the first nine months of the financial year that began April 1, slipping from third position after U.S. and European sanctions spurred India's refiners to cut their imports from the Persian Gulf country and expand procurement from other countries.

Greek Refiner Motor Oil suffers 45 pct Profit Fall

Παρ, 15 Μαρτίου 2013 - 17:18

Greece's second-biggest refiner and fuel retailer Motor Oil reported a bigger than expected profit fall for 2012, weighed down by low crude prices and weak fuel demand in its crisis-hit home market.

New Gasoline Plant Opens in Iran

Παρ, 15 Μαρτίου 2013 - 13:06

Iran launched its biggest gasoline production facility on Thursday in a ceremony attended by President Mahmoud Ahmadinejad, the Fars news agency reported.

Power Consumption in Greece Falls at Record Pace in February

Πεμ, 14 Μαρτίου 2013 - 17:21

Greece's net power consumption in February dropped by 12% to 3.84 million megawatt hours (MWh) as a result of mild temperatures, which reduced heating needs across the country, Reuters reported.

Russian Tycoons Approach Former BP Chiefs on Oil Investments

Πεμ, 14 Μαρτίου 2013 - 17:20

Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects, Reuters reported on its website Wednesday.