English Edition

EU Electricity, Gas Prices Soar in 2H 2012 Despite Economic Downturn

Δευ, 27 Μαΐου 2013 - 18:56

Energy prices in the majority of European Union states continued to rise in the second half of last year, mainly driven by higher tariffs and environmental surcharges, data released by Eurostat showed Monday, providing ammunition to those Europeans seeking changes to energy policy. The average household price for electricity in the 27-nation bloc rose by 6.6% in the second half of 2012 from the same period a year earlier. The rise was 6.3% in the latter half of 2011. Prices rose in all countries except Hungary, where the government has capped regulated power prices, and in Finland and Sweden

Crude Futures Trade Lower ahead of Three-Day Weekend in US, UK

Παρ, 24 Μαΐου 2013 - 18:33

Oil prices were lower Friday as traders stayed cautious after U.S. Federal Reserve Chairman Ben Bernanke's testimony earlier this week. At 1008 GMT, Brent crude for July delivery on the ICE futures exchange traded lower, down 7 cents at $102.37 a barrel. Light, sweet crude for July delivery traded lower by 38 cents, or 0.4%, at $93.87 a barrel on the New York Mercantile Exchange

North Korean Envoy Meets China President

Παρ, 24 Μαΐου 2013 - 18:22

A North Korean envoy gave Chinese President Xi Jinping a handwritten letter from Kim Jong Un on Friday and said Pyongyang wanted to solve diplomatic issues through dialogue, Chinese state media reported, a high-level move that appeared aimed at assuaging Beijing's concerns about the volatile state's actions in order to secure vital continued economic support

Iran Hacks Energy Firms, U.S. Says

Παρ, 24 Μαΐου 2013 - 18:18

Iranian-backed hackers have escalated a campaign of cyberassaults against U.S. corporations by launching infiltration and surveillance missions against the computer networks running energy companies, according to current and former U.S. officials. In the latest operations, the Iranian hackers were able to gain access to control-system software that could allow them to manipulate oil or gas pipelines. They proceeded "far enough to worry people," one former official said

Gazprom to Announce LNG Project Soon

Πεμ, 23 Μαΐου 2013 - 17:40

Russian gas giant OAO Gazprom (GAZP.RS) will soon announce another "fundamentally new" liquefied natural gas project," Alexei Miller, the company's chief executive, told Interfax Thursday.

Gazprom Tenders to Drill 6 Oil Wells at Iraq's Badra Field

Πεμ, 23 Μαΐου 2013 - 17:39

Russian state oil producer OAO Gazprom Neft (SIBN.RS) has issued a new tender to drill six oil wells at the Badra oil field in eastern Iraq, the company said on its website.

Enel To Launch Hybrid Bond for Up to EUR2B Before Summer

Πεμ, 23 Μαΐου 2013 - 17:39

Italian utility Enel SpA (ENEL.MI) will launch a hybrid bond for up to 2 billion euros ($2.57 billion) before the summer, Chief Executive Fulvio Conti said Thursday.

Bulgaria's EconMin: Legislation Can Stabilize Energy Sector

Πεμ, 23 Μαΐου 2013 - 13:43

The stabilization of theenergy sectorwill not happen without legislative changes, according tocaretakerEconomy and Energy Minister,Asen Vasilev.

National Electricity Company Posts 98 Mln Euro Cons Loss in 2012

Πεμ, 23 Μαΐου 2013 - 13:23

Bulgaria's national electricity company NEK posted a consolidated loss of 192 million levs ($126.9 million/98.2 million euro) in 2012, the company's executive director said.

European Utilities' CEOs Slam Lawmakers Over Energy Policy

Τετ, 22 Μαΐου 2013 - 17:50

In concrete terms, European energy companies are the subject of a perfect storm, which is endangering security of supply and the transformation towards a low-carbon economy, as well as undermining their capacity to attract capital

BP's Investment in Iraq to Reach $5 billion by 2016

Τετ, 22 Μαΐου 2013 - 17:50

U.K. oil major BP PLC (BP) plans to increase the production capacity at the Rumaila oilfield, the largest in Iraq, by 750,000 barrels per day by 2017, and aims to increase its spending in the country to $5 billion a year from the current $2.6 billion by 2016, a senior executive said Wednesday.