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The Case for an Eastern Mediterranean Energy Corridor

Δευ, 29 Οκτωβρίου 2012 - 12:38

Recent developments in our region have placed emphasis on the energy sector. Rightly so, because several states in the Eastern Mediterranean, including Israel and Cyprus are currently developing their offshore hydrocarbon resources. The recoverable energy resources of our region, the Levant Basin and the Nile Delta Basin Province are so large that the prospects of important economic changes are really promising.

Greek Energy Ministry Asks for Reduction in the Energy Cost for Industries

Παρ, 26 Οκτωβρίου 2012 - 17:17

The undersecretary of the Environment, Energy and Climate Change Ministry, Mr. Makis Papageorgiou, began a process of consultation together with PPC and DEPA, with a goal of finding a way to reduce the energy cost for industrial consumers.

Putin Backed Oil Deal To End Partners' Conflict

Παρ, 26 Οκτωβρίου 2012 - 17:05

President Vladimir Putin said his government had "mixed feelings" over a major takeover announced last week by the Russian oil giant OAO Rosneft of a energy venture half owned by BP PLC, but said he approved it partly to resolve a prolonged conflict in the venture between BP and its four Soviet-born shareholders.

Statoil Third-Quarter Net Profit Rises, Sees Lower 2013 Production

Παρ, 26 Οκτωβρίου 2012 - 17:05

Norwegian oil and gas company Statoil ASA (STO) said Friday it maintained its production guidance for 2012 but expected lower production in 2013, as it posted a higher-than-forecast net profit in the third quarter, compared with a year earlier.

EDF Energy Hikes UK Gas, Electricity Tariffs

Παρ, 26 Οκτωβρίου 2012 - 17:05

EDF Energy said Friday it will increase its standard variable gas and electricity prices for residential U.K. customers by 10.8% from Dec. 7, the sharpest rise among the five major suppliers that have already announced price increases.

Belgian Authorities Seek Clues in Exxon Manager Murder

Παρ, 26 Οκτωβρίου 2012 - 17:04

Belgian authorities are investigating the murder of a manager for U.S. energy giant Exxon Mobil Corp. (XOM), who was shot dead earlier this month, while his wife was seriously injured.

SE Bulgaria Produces 250,087 MWh of Renewable Power in July-Sept - EVN

Παρ, 26 Οκτωβρίου 2012 - 13:24

A total of 250,087 megawatt hours (MWh) of electricity worth 121.5 million levs ($80.7 million/62.1 million euro) were generated from renewable energy sources in Southeast Bulgaria in July-September, power distributor EVN Bulgaria said.

China's Second Auction of Shale-Gas Blocks Gets Many Bids

Πεμ, 25 Οκτωβρίου 2012 - 16:39

China's Ministry of Land and Resources said Thursday that it received 152 bids from 83 companies in its second auction of shale-gas blocks, indicating strong interest in the unconventional resource despite high development costs and a lack of technology.

French Nuclear Body: Level 1 Incident At Flamanville's Plant

Πεμ, 25 Οκτωβρίου 2012 - 16:38

A leak at the reactor No. 1 of Electricite de France SA's (EDF.FR) Flamanville plant late Wednesday didn't trigger any environmental damage or threatened the health of any employee, the French nuclear safety regulator Autorite de Surete Nucleaire said Thursday.

RWE, E.ON in Advanced Talks to Sell UK Nuclear Joint Venture

Πεμ, 25 Οκτωβρίου 2012 - 16:38

Energy utility RWE AG (RWE.XE) is closing in on the planned sale of its U.K.-based nuclear energy joint venture with peer E.ON AG (EOAN.XE), a company spokeswoman said Thursday.

Lukoil Proposes Financing Arctic Geological Surveys

Πεμ, 25 Οκτωβρίου 2012 - 16:37

OAO Lukoil Holdings (LKOH.RS), Russia's second-largest oil producer, has proposed investing $2.7 billion in geological survey work on Russia's Arctic shelf, Interfax cited a company spokesman as saying Thursday.

IENE’s «Energy & Development 2012»to Focus on the Transformation of Greece’s Energy Market and the Latest Regional Geopolitical Developments

Τετ, 24 Οκτωβρίου 2012 - 17:37

IENE’s 17th Annual National Conference «Energy & Development 2012», which will take place at the Evgenides Foundation (387 Syngrou Avenue, P. Faliro) on October, 30-31, will focus on the «Geopolitical and Development Angle of Greece’s Energy System». The conference is being organized under the auspices of Greece’s Ministry for Environment, Energy & Climate Change (YPEKA). «Energy & Development 2012» will host the Deputy Minister of Energy, Mr. Makis Papageorgiou as its invited speaker at the official luncheon on October 30

PGS to Begin Seismic Surveys in Ionian Sea in November

Τετ, 24 Οκτωβρίου 2012 - 17:15

Talks between the Greek energy ministry and Norwegian PGS are not concluded yet about the beginning of seismic surveys in the Ionian Sea and the region south of Crete. The company received the final contract three days ago and the signing is about to take place by the end of October, according to sources that spoke to Energia.gr