1. English Edition

English Edition

Rosneft Possible Buy of TNK-BP Stake May Be Good for State -Putin Spokesman

Rosneft Possible Buy of TNK-BP Stake May Be Good for State -Putin Spokesman

Τρι, 2 Οκτωβρίου 2012 - 17:52

The Kremlin isn't against OAO Rosneft's (ROSN.RS) possible purchase of a stake in BP PLC's (BP) Russian joint venture TNK-BP (TNBP.RS), President Vladimir Putin's spokesman said Tuesday, adding it could be "beneficial for the state" if the state-controlled oil major decides such a deal is beneficial for the company.

BP to Increase BTE Capacity to 60 BCM a Year

BP to Increase BTE Capacity to 60 BCM a Year

Τρι, 2 Οκτωβρίου 2012 - 13:50

BP has agreed to increase the capacity of the Baku-Tbilisi-Erzurum (BTE) gas pipeline, also known as the South Caucasus pipeline, to up to 60 billion cubic metres a year.

Eni CEO Sees Europes Gas Demand Dropping 5%-6% in 2012

Eni CEO Sees Europe's Gas Demand Dropping 5%-6% in 2012

Δευ, 1 Οκτωβρίου 2012 - 17:44

Europe's natural gas consumption is estimated to fall between 5% and 6% this year compared with 2011, the chief executive of Eni SpA (E), Italy's biggest energy company by market value, said Monday.

AAR Seeks to Buy BPs Stake in Russian Venture

AAR Seeks to Buy BP's Stake in Russian Venture

Δευ, 1 Οκτωβρίου 2012 - 17:44

BP PLC's (BP.LN) partners in TNK-BP said Monday they are seeking to raise at least $20 billion to buy out the U.K. oil giant's 50% stake in the Russian joint venture, potentially setting up competition with OAO Rosneft (ROSN.RS) for the stake.

Edison to Get EUR250M from Eni in Arbitration Case

Edison to Get EUR250M from Eni in Arbitration Case

Δευ, 1 Οκτωβρίου 2012 - 17:43

Italian energy utility Edison S.p.A. Monday said it had won an arbitration case against Eni S.p.A. (ENI.MI) and expected to gain more than 250 million euros ($321 million) from it at the level of earnings before interest, taxes, depreciation and amortization, or Ebitda.

Greece Power Workers Call Rotating Strikes

Greece Power Workers Call Rotating Strikes

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Greek power workers Friday announced plans to begin rolling 48-hour strikes as early as next week to protest the new austerity measures the government is demanding from its increasingly restive population.

Alstom to Supply EUR160M Worth of Turbines to Brazil Power Co

Alstom to Supply EUR160M Worth of Turbines to Brazil Power Co

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Alstom SA (ALO.FR), a French maker of power turbines and trains, Friday said it signed a contract to supply three hydro turbines to Brazil's power utility Neoenergia as well as related equipment for a total amount of 160 million euros ($206 million), of which Alstom's share is worth EUR110 million.

Greece Takes More Measures to Keep Electricity Market Afloat

Greece Takes More Measures to Keep Electricity Market Afloat

Παρ, 28 Σεπτεμβρίου 2012 - 17:21

Greece will extend an emergency loan to its cash-strapped electricity market operator LAGHE and impose a temporary tax on renewable energy producers to prevent an energy crisis, a senior Greek official said on Friday.

Greece Assesses Oil Exploration Bids

Greece Assesses Oil Exploration Bids

Παρ, 28 Σεπτεμβρίου 2012 - 13:18

Greece is assessing bids for oil and gas reserves exploration and exploitation in three blocks in the west of the country, news agency Bloomberg reported.

TERNA ENERGY: New Wind Park in Poland

TERNA ENERGY: New Wind Park in Poland

Παρ, 28 Σεπτεμβρίου 2012 - 11:39

Yet another wind park in Poland, with 10 MW capacity, was set in operation by TERNA ENERGY, thus increasing the company’s total capacity in operational parks in Poland to 66 MW. Furthermore, one more park is at the final construction stage in Poland, with a 8 MW capacity, while the installation license has been acquired for a new park with a capacity of 8 MW.