English Edition

Iraq Delays Budget on Dispute Over Payment to Firms in Kurdistan

Τρι, 12 Φεβρουαρίου 2013 - 17:40

The Iraqi parliament has postponed a vote on the country's 2013 budget, running at $117.5 billion, as lawmakers differ on whether Baghdad should allocate money for companies working in the country's Kurdistan region in the north, lawmakers said Tuesday.

Poland to Invest EUR1.1B in Gas Piplines - Gaz-System

Τρι, 12 Φεβρουαρίου 2013 - 17:40

Poland will invest 1.1 billion euros ($1.47 billion) as of 2014 in a gas pipeline network linking a new Baltic LNG terminal at Swinoujscie to its Czech, Slovak and Ukrainian neighbors, Poland's state-owned gas transmission monopoly Gaz-System said Tuesday.

DryShips Boosts Offering of Ocean Rig Shares to 7.5 Million

Τρι, 12 Φεβρουαρίου 2013 - 17:40

Drybulk shipper DryShips Inc. (DRYS) said it increased its offering of subsidiary Ocean Rig UDW Inc. (ORIG) stock to 7.5 million shares from 5 million, saying it expects to raise about $126.4 million.

Norway Oil Min: Statoil Pipeline May Pave Way for Permanent Arctic Hub

Τρι, 12 Φεβρουαρίου 2013 - 17:39

Statoil ASA's (STO) plan to bring oil by pipeline from the Barents Sea to a new terminal in the country's far north could pave the way for a permanent hub in the Arctic, Norway's Minister of Petroleum and Energy Ola Borten Moe said Tuesday.

Bulgargaz Seeks No Change in Q2 Natgas Prices

Τρι, 12 Φεβρουαρίου 2013 - 14:38

Bulgaria's gas monopoly Bulgargaz has proposed that domestic natural gas prices remain unchanged at 656.47 levs ($449.6/335.6 euro) per 1,000 cubic metres in the second quarter of the year, the company said.

Japan Signs $3 Billion Loan to UAE State Oil Company ADNOC

Δευ, 11 Φεβρουαρίου 2013 - 18:01

The state-owned Japan Bank for International Cooperation on Sunday signed a $3 billion loan to Abu Dhabi National Oil Co, also known as ADNOC, in a move to strengthen Japan's energy security, the trade and industry ministry said in a statement.

RWE Gives Warning on UK Energy Policy

Δευ, 11 Φεβρουαρίου 2013 - 18:00

German energy company RWE AG (RWE.XE) has warned it will significantly scale back its investment in Britain unless the government provides "desperately needed" certainty over energy policy, the Sunday Telegraph reports.

Gazprom Export Forecast May Be Too High -Sberbank

Δευ, 11 Φεβρουαρίου 2013 - 18:00

Gazprom's (GAZP.RS) projection of 2013 exports to Europe of 152 billion cubic meters, against 139 billion in 2012, may prove too high, says Sberbank Investment Research. It notes exports may reach 147 billion cubic meters on the back of declining output in Europe.

EnBW To Change Significantly Due to Industry Changes

Δευ, 11 Φεβρουαρίου 2013 - 18:00

German utility company EnBW Energie Baden-Wuerttemberg AG (EBK.XE) is facing significant changes to adjust to the changing energy market, Chief Executive Officer Frank Mastiaux said Monday.

Areva: Committed To Olkiluoto 3 Reactor Timely Completion

Δευ, 11 Φεβρουαρίου 2013 - 17:59

French nuclear engineering firm Areva SA (AREVA.FR) Monday said that, following TVO's announcement regarding the schedule of the Olkiluoto 3 nuclear reactor project, the Areva-Siemens (SI) consortium would like to recall the commitment made by the client to take all the measures necessary to contribute to a stable and reliable calendar.

World Solar Power Capacity Exceeds 100 Gigawatts - Trade Group

Δευ, 11 Φεβρουαρίου 2013 - 17:59

World solar power capacity passed the 100 gigawatt mark for the first time to 101 GW, the European Photovoltaic Industry Association (EPIA) said on Monday.

Bulgaria Set To Get Extra 260 Mln Euro from EU for Kozloduy NPP Decommissioning

Δευ, 11 Φεβρουαρίου 2013 - 14:00

The EU plans to disburse a further 260 million euro ($352.2 million) in assistance to Bulgaria until 2020 to support the decommissioning of nuclear power plant (NPP) Kozloduy's old reactors, the EUobserver reported.

China Mulls Raising Natural Gas Prices in Some Areas

Πεμ, 7 Φεβρουαρίου 2013 - 16:19

China is considering increasing natural-gas prices in high-demand areas such as the eastern provinces of Zhejiang and Jiangsu and the city of Beijing, the state-owned China Securities Journal reported Thursday.