English Edition

Construction of Bulgarian Section of Nabucco Gas Pipeline Begins Jan 10, PM Says

Δευ, 22 Οκτωβρίου 2012 - 14:05

The construction of the Bulgarian section of Nabucco gas pipeline begins on January 10, prime minister Boyko Borisov said.

BP Board Meeting to Discuss Rosneft Offer Started At About 1400 GMT

Παρ, 19 Οκτωβρίου 2012 - 18:32

BP PLC's board meeting to discuss Russian oil giant OAO Rosneft's offer, said to be for about $25 billion, for the U.K. company's 50% stake in TNK-BP started at around 1400 GMT Friday, people familiar with the matter said. The bid, which could set the stage for a deal that would unwind a profitable but troublesome partnership for the British energy company, was expected to consist of cash and Rosneft shares, people familiar with the matter said late Thursday

Saipem Wins Contracts Worth $1.1 Bln in Brazil, Angola, Russia

Παρ, 19 Οκτωβρίου 2012 - 18:26

Saipem SpA , Europe's biggest oil services company by market value, said Friday it has won offshore engineering and construction contracts worth a total of $1.1 billion in Brazil, Angola and the Caspian Sea. In a statement, Saipem said it was given a contract by Petroleo Brasileiro for the Sapinhoa Norte and Cernambi Sul projects in the development of the pre-salt risers in the Santos Basin

Areva Appeals to Stay in Czech CEZ Nuclear Expansion Tender

Παρ, 19 Οκτωβρίου 2012 - 18:22

French Areva SA Friday appealed to stay in the bidding process for a roughly $10 billion project to expand a nuclear power plant in the southern Czech town of Temelin, operated by Czech power company CEZ AS. "Areva has provided detailed objections to each of the reasons for exclusion raised by CEZ and believes that its comprehensive and detailed offer, handed to CEZ in July, is in full compliance with the statutory requirements as well as the tender criteria," the French company said in a statement

PM: Russia Mulls Rosneft Share Sale in 2013, '14 - Reports

Παρ, 19 Οκτωβρίου 2012 - 18:17

Russia is considering selling a stake in state-controlled oil giant OAO Rosneft in 2013 and 2014, Russian First Deputy Prime Minister Igor Shuvalov was quoted as saying Friday by Russian newswires. "We are considering selling Rosneft shares next year and in 2014 and we believe that it [stake] will be sold, as soon as possible, when the time is best for the placement. That is the position both of the company's management and the head of the government," Prime and Interfax news agencies reported Mr. Shuvalov as saying

Clinton Cites 'Energy Diplomacy' As Driving Force

Παρ, 19 Οκτωβρίου 2012 - 18:13

Secretary of State Hillary Clinton on Thursday described "energy diplomacy" as a driving force behind U.S. foreign policy and offered a spirited defense of the Obama administration's foreign-policy record. She also took swipes at rivals, including China and Russia, which she said have used energy as a geopolitical or trade weapon

Turkey Pipeline Attack Injures Soldiers, Disrupts Gas Flow

Παρ, 19 Οκτωβρίου 2012 - 18:09

An attack on a military vehicle by the Kurdistan Workers' Party, or PKK, wounded around 28 soldiers and damaged a pipeline in Turkey late Thursday, disrupting the flow of natural gas from Iran. The blast took place in the Eleskirt town of the province at 23:25 local time Thursday, a spokesman for the governorship of the eastern province of Agri confirmed Friday in a telephone interview

Pressure Piles Up on Bulgaria Govt over Renewable Energy Policy

Πεμ, 18 Οκτωβρίου 2012 - 16:29

Ambassadors to Sofia of thirteen European states, China and Korea have voiced serious concerns over Bulgaria's government policy on renewable energy. In a letter to Economy and Energy Minister Delyan Dobrev, obtained by the opposition Glasove newspaper, the envoys protest vehemently against the electricity regulator's decision to introduce grid access charges on all operating renewable energy producers, Novinite.com (Sofia News Agency) wrote.

Gasoline Sales at -6,2% in Turkey During the First Eight Months of 2012

Πεμ, 18 Οκτωβρίου 2012 - 12:51

Turkish gasoline sales in the first eight months of the year fell 6.2 percent to 1.2 million tons, while diesel sales increased 7.1 percent to 10.2 million tons, according to an August report on the oil sector by the Energy Market Regulatory Authority. In August, the average price of gasoline was 4.47 liras per liter and 3.85 liras for diesel.

W. Steinmann: Possibilities for Greek-Swiss Cooperation in Energy Efficiency, Renewables and Natural Gas

Πεμ, 18 Οκτωβρίου 2012 - 07:40

The Swiss government considers energy efficiency in buildings and industries as a promising area for bilateral cooperation between Greek and Swiss companies. Walter Steinmann, the Managing Director of the Swiss Federal Office of Energy and State Secretary of Energy, spoke recently to Energia.gr about the various areas of interest, which also include the TAP pipeline and energy to waste technologies.

China Allows Private Capital in Rail, Energy Projects

Τετ, 17 Οκτωβρίου 2012 - 17:40

China has opened the door a bit wider to private investors, allowing them to take stakes in two big projects in the state-dominated rail and energy sectors, as part of efforts to deliver on promises to find fresh sources of capital and boost the economy.

Statoil, Statkraft Buys UK 560MW Offshore Wind Power Project

Τετ, 17 Οκτωβρίου 2012 - 17:40

The Norwegian oil giant Statoil ASA (STO) has acquired the Dudgeon Offshore Wind Farm project in the U.K. North Sea, together with Norwegian state-owned renewable company Statkraft, continuing their cooperation on renewable energy.

Pakistan Oil Min: Aim to Make Turkmenistan-Afghanistan-Pakistan-India Pipeline Operational by 2018

Τετ, 17 Οκτωβρίου 2012 - 17:39

India and Pakistan Wednesday discussed a planned $7.6 billion natural gas pipeline project and are working to resolve pending "economic issues" to meet the aim of starting supply by 2018, Pakistan's oil minister said.