English Edition

400 Million Eurobond by Greek Refiner, ELPE

Παρ, 26 Απριλίου 2013 - 16:25

Greek refiner, Hellenic Petroleum (ELPE) announced the issuing of a 400 million Eurobond of a four-year duration. The interest is set at 8,5% and the bond will be traded in Luxemburg, according to the company’s announcement.

Small Scale PVs Spared Tax Burden as Greek Government Presents New Law

Παρ, 26 Απριλίου 2013 - 16:19

Small scale rooftop photovoltaics were excluded from taxation after all, as the Greek government presented yesterday the final bill of law which will bring changes in the wider economy and covers many important issues from taxes to renewable energy.

Confirmatory Drilling in Block 12 of Cyprus in June

Παρ, 26 Απριλίου 2013 - 16:04

Confirmatory drilling in block 12 of Cyprus` exclusive economic zone will begin as soon as the rig is transferred there, in mid- or late June, and is expected to be completed by October, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said.

Total Confirms Output Targets, Sees Further Growth After 2017

Πεμ, 25 Απριλίου 2013 - 18:29

French company Total SA (TOT, FP.FR) still expects its oil and gas output to grow 3% on average on an annual basis between 2011 and 2015, and then sees accelerated growth after 2017 as new projects come on stream, the head of the exploration and production division Yves-Louis Darricarrere said, ahead of the group's release of its first-quarter earnings later this week.

Japan METI Minister to Visit US to Urge LNG Exports

Πεμ, 25 Απριλίου 2013 - 18:29

Japan's industry minister will visit the U.S. next week and ask the Obama administration for permission to receive exports of natural gas.

Genel Energy: Significant Oil Discovery at Chia Surkh 10 Well

Πεμ, 25 Απριλίου 2013 - 18:28

Genel Energy PLC (GENL.LN), an Anglo-Turkish oil and gas independent, Thursday reports a significant oil discovery in Chia Surkh following a second drill-stem test on the Chia Surkh 10 well, and said the well will now be suspended as a future producer.

Brent-WTI Price Spread Drops Below $10 for 1st Time Since January 2012

Πεμ, 25 Απριλίου 2013 - 18:28

The difference in the price of ICE Brent and Nymex WTI, the world's two benchmark oil contracts, moved below $10 a barrel Thursday for the first time since January 2012.

Exxon Mobil 1st-Quarter Net Rose 0.5% on Slightly Improved Margins

Πεμ, 25 Απριλίου 2013 - 18:28

Exxon Mobil Corp.'s (XOM) first-quarter earnings rose 0.5% on higher margins, though both its upstream and downstream operations posted lower profits and revenue fell short of Wall Street estimates.

Citi Group To Advise Bulgarian Energy Holding’s 250 Mln Euro Bond

Τετ, 24 Απριλίου 2013 - 16:35

The Bulgarian Energy Holding (BEH) said it picked Citi Group to advise it on the placement of a 250 million euro ($325.18 million) bond issue.

Total: Confirms to Drill 2 Exploration Wells in Libya

Τετ, 24 Απριλίου 2013 - 16:34

French oil and gas major Total SA (TOT, FP.FR) Wednesday confirmed that it is to drill next month two exploration wells in Libya, near the Al Jurf field.

Venezuela Declares Electrical Emergency, Denounces Sabotage

Τετ, 24 Απριλίου 2013 - 16:33

Venezuela's new government started out its term by decreeing the electric sector in emergency on Tuesday, placing it under partial military control to combat alleged sabotage and address the persistent black-outs that sapped President Nicolas Maduro's support in the recent election.