English Edition

Bulgaria’s Gas Output Seen at 490 Mln Cu M in 2012, 575 Mln Cu M in 2013

Τετ, 12 Δεκεμβρίου 2012 - 14:42

Bulgaria's domestic production of natural gas this year is expected to reach 490.1 million cubic metres (cu m), the country's economy ministry said.

Bulgaria Invites Bids for Energy Efficiency Projects in 167 Public Buildings – EBRD

Τετ, 12 Δεκεμβρίου 2012 - 14:41

Bulgaria is inviting bids for the implementation of energy efficiency measures in a total of 167 public buildings across the country, the European Bank for Reconstruction and Development (EBRD) said.

Eastern Mediterranean Region May Play a Decisive Role in the Supply of Energy to Europe

Τρι, 11 Δεκεμβρίου 2012 - 17:11

Current developments in the energy sector and the prospects from the exploitation of natural gas within Cyprus’ Exclusive Economic Zone (EEZ) as well as future cooperation with Israel were the focus of the 2nd Cyprus Energy Forum which took place, on Thursday, in Nicosia.

Gazprom Sees Breakthrough on Eastern Program

Τρι, 11 Δεκεμβρίου 2012 - 16:44

Russian gas giant OAO Gazprom (GAZP.RS) sees a breakthrough on its eastern program, Alexei Miller, the company's chief executive, told reporters in Yakutsk Tuesday.

GDF Suez to Accept French Gas Tariff Increase Set by Govt

Τρι, 11 Δεκεμβρίου 2012 - 16:43

Gerard Mestrallet, the chief executive of GDF Suez SA (GSZ.FR), Tuesday said his company will accept the 2.4% increase in natural gas tariff set by the French government from Jan. 1, as the hike reflects its supply cost increase.

OPEC Keeps Forecast for World Oil Demand Unchanged

Τρι, 11 Δεκεμβρίου 2012 - 16:43

OPEC Tuesday held steady forecasts of demand for its own crude, a move that could signal the group will maintain its combined oil production ceiling of 30 million barrels a day when it meets Wednesday in Vienna.

Total CEO: New Peak Oil Production Seen at 98 Mln Barrels/Day

Τρι, 11 Δεκεμβρίου 2012 - 16:43

New discoveries and technological advances have increased the oil industry's ability to increase production in recent years, pushing global maximum oil production to 98 million barrels per day for longer than initially expected, Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie said Tuesday.

Rosneft Nears Agreement With AAR on $28 Billion TNK-BP Stake Sale

Τρι, 11 Δεκεμβρίου 2012 - 16:42

Russian oil giant OAO Rosneft (ROSN.RS) is planning to announce as early as Tuesday that it has finalized an agreement with a group of Soviet-born billionaires to buy their 50% stake in oil venture TNK-BP (TNBP.RS) for $28 billion, according to people familiar with the matter.

Tehran Denies Iranian Missile Experts in North Korea

Τρι, 11 Δεκεμβρίου 2012 - 16:42

Iran Tuesday denied a South Korean report that its missile experts were in North Korea offering technical assistance for the planned launch of a long-range rocket.

PPC Asks for 25% Average Hike in Electricity Bills

Τρι, 11 Δεκεμβρίου 2012 - 16:12

Greek utility, PPC, has asked the national regulating authority (RAE) for an average hike of 25% in the 2013 electricity bills. Those increases will be implemented in three different stages, starting from 1/1/2013 until 1/7/2013.

RAE: Weighted Average Import Price of Natural Gas in Greece

Τρι, 11 Δεκεμβρίου 2012 - 12:37

According to the provisions of the Ministerial Decision No Δ1/Γ/400 (Government Gazette Issue Β’ 33/19.1.2007), entitled «Determination of the procedure applied to collect and process the data required to calculate the weighed average import price of Natural Gas”, the companies importing Natural gas in the National Natural Gas System (NNGS) are required to submit to RAE, every three months, data about the quantities and prices of imported Natural Gas.

Vitol Cancels Deal to Buy Oil From Iraq Kurdistan

Δευ, 10 Δεκεμβρίου 2012 - 18:28

Swiss-based Vitol, a leading oil trader, has cancelled a deal with the semi-autonomous Kurdistan region in northern Iraq to buy oil, struck without approval of the central government in Baghdad, the country's federal oil minister said Sunday

Iran: OPEC's Overproduction Could Inflate Oil Inventories

Δευ, 10 Δεκεμβρίου 2012 - 18:21

Iran Monday warned OPEC's current excess oil production could increase oil-inventory levels and said the organization hasn't yet reached a consensus on its next secretary general, Iran's oil ministry website Shana said. The remarks highlight key points of contention for the Organization of Petroleum Exporting Countries to discuss when the group meets Wednesday in Vienna for the first time since June

South Stream Says Undersea Construction To Begin in 2014

Δευ, 10 Δεκεμβρίου 2012 - 18:18

Construction of the undersea section of the South Stream gas pipeline linking Russia to European consumers will only begin in 2014, the consortium said Monday after a major ceremony led by President Vladimir Putin launched the project. Mr. Putin on Friday oversaw a ceremonial first welding of the pipeline which is due to be completed in 2015 and start pumping the gas of Russian state giant Gazprom under the Black Sea to Europe

Russia's Rosneft Places $3 Billion in Eurobonds

Παρ, 7 Δεκεμβρίου 2012 - 17:09

Russian state-controlled oil company OAO Rosneft (ROSN.RS) has placed $3 billion in Eurobonds, the company said Friday, as it seeks to finance its $55 billion buyout of competitor TNK-BP.

Romania Power Output Falls in First 10 Months of 2012

Παρ, 7 Δεκεμβρίου 2012 - 17:09

Romanian energy output fell 2.1% on the year to 19 million metric tons of oil equivalent in the first 10 months of 2012 due to declining production in the hydropower and nuclear sectors, official data showed Friday, news agency Mediafax reports.