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Greek Utility PPC’s Bad Debt Provisions Soar

Greek Utility PPC’s Bad Debt Provisions Soar

Παρ, 31 Αυγούστου 2012 - 14:54

Greek state-owned utility PPC increased provisions for bad debts by 164pc on the year in the first half because of the financial crisis and liquidity problems in the power market.

Gazprom Resumes Delivery Through Yamal-Europe Pipeline

Gazprom Resumes Delivery Through Yamal-Europe Pipeline

Πεμ, 30 Αυγούστου 2012 - 18:35

Russian natural-gas export monopoly OAO Gazprom (GAZP.RS) said Thursday that it has resumed fuel delivery through the Yamal-Europe pipeline after two days of it being shut down for repairs in Russia and Poland.

Greeces PPC Reports Profit Slump on Higher Energy Costs

Greece's PPC Reports Profit Slump on Higher Energy Costs

Πεμ, 30 Αυγούστου 2012 - 18:34

Greek state-controlled utility Public Power Corp. SA (PPC.AT) reported Thursday a first-half net profit of 18.3 million euros ($23 million), down 85.8% from a year earlier because of higher energy costs and a new lignite levy.

Qatar RasGas Says Virus Shuts Computers, LNG Output Unaffected

Qatar RasGas Says Virus Shuts Computers, LNG Output Unaffected

Πεμ, 30 Αυγούστου 2012 - 18:33

Qatar's Ras Laffan Liquefied Natural Gas Co., known as RasGas, said Thursday it has been attacked by a computer virus that has shut down part of its computer system since Aug. 27, but left its production unharmed.

Interest Expressed by ELPE for Oil and Gas Exploration in Montenegro

Interest Expressed by ELPE for Oil and Gas Exploration in Montenegro

Πεμ, 30 Αυγούστου 2012 - 12:11

Hellenic Petroleum, which has been present in Montenegrin market since 2002, is officially interested in taking part in the forthcoming tender for the offshore carbohydrate exploration, said Director General of Jugopetrol Ioannis Geroulanos.

Germany Speeds Offshore Wind Expansion, Slaps Costs On Consumers

Germany Speeds Offshore Wind Expansion, Slaps Costs On Consumers

Τετ, 29 Αυγούστου 2012 - 18:18

The German government Wednesday proposed to speed the expansion of offshore wind farms by limiting the liability of power network operators for delays and outages of grid connections. The proposals also include plans to slap additional costs onto consumers' power bills, a move that drew immediate criticism from consumer groups.

Gazprom Postpones Shtokman Investment Decision

Gazprom Postpones Shtokman Investment Decision

Τετ, 29 Αυγούστου 2012 - 18:17

Russian state-controlled gas company Gazprom OAO (GAZP.RS) has indefinitely postponed an investment decision on its giant Shtokman gas field, Prime newswire reports Wednesday, citing a source in the company.

Greeces Hellenic Petroleum Q2 Profit Drops but Beats Forecasts

Greece's Hellenic Petroleum Q2 Profit Drops but Beats Forecasts

Τετ, 29 Αυγούστου 2012 - 18:04

Greece's biggest refiner Hellenic Petroleum reported on Wednesday a much smaller-than-expected profit drop for the second quarter, as cost cuts and robust refining margins outweighed a slump in fuel demand in the austerity-hit country.

Bulgaria To Slash Solar Power FiTs by 30% as of Sept 1

Bulgaria To Slash Solar Power FiTs by 30% as of Sept 1

Τετ, 29 Αυγούστου 2012 - 13:41

Bulgaria will cut the feed-in tariffs (FiTs) for electricity produced by photovoltaic plants by at least 30% as of September 1, the chairman of the country's energy regulator, Angel Semerdzhiev, said.

China Cnooc Offers 26 Offshore Blocks to Foreign Partners

China Cnooc Offers 26 Offshore Blocks to Foreign Partners

Τρι, 28 Αυγούστου 2012 - 17:37

China National Offshore Oil Corp., or Cnooc, said Monday that it was making a second batch of 26 offshore blocks available for development with foreign partners after offering a controversial first batch of nine blocks in June.

E.ON Russia Values Novatek Gas Deal at $22 Billion

E.ON Russia Values Novatek Gas Deal at $22 Billion

Τρι, 28 Αυγούστου 2012 - 17:37

E.ON Russia (EONR.RS) said Tuesday that its contract to receive natural gas from Russia's biggest independent gas producer OAO Novatek (NVTK.RS) from 2013-2027 is worth around 702 billion Russian rubles ($22 billion).

Iraqs Oil Flow To Turkey Still On Hold On Power Failure

Iraq's Oil Flow To Turkey Still On Hold On Power Failure

Τρι, 28 Αυγούστου 2012 - 17:36

Iraq's crude oil flow from Kirkuk oil fields to the Mediterranean port of Ceyhan was still on hold Tuesday because of power failure at pumping stations inside Turkey, an Iraqi oil ministry spokesman said.

Norway Oil Suppliers Shrug Off Domestic Output Decline

Norway Oil Suppliers Shrug Off Domestic Output Decline

Τρι, 28 Αυγούστου 2012 - 17:36

Higher oil prices and global expansion efforts have helped Norway's oil-industry supply chain triple annual revenues over the past dozen years and momentum is expected to continue even as domestic petroleum production continues to fall, according to a report released Tuesday that was commissioned by Norway's government.