English Edition

Fuel Prices in Bulgaria Have Climbed to a New Record High

Τρι, 13 Μαρτίου 2012 - 14:27

Fuel prices in Bulgaria have climbed to a new record high with the start of the new week amid an oil price spike on international markets.

Noble Energy Set to Lay Pipeline from Block 12

Τρι, 13 Μαρτίου 2012 - 14:20

Noble Energy Inc.(NYSE:NBL) is preparing to lay an underground pipeline from Block 12 to Cyprus, according to media reports on the island. The pipeline is reportedly part of a venture to set up an LNG terminal off Cyprus's southern coast that will enable the liquefying gas for export to Europew and Asia. The pipeline would be 300 kilometers long and the cost is expected to reach $2 billion.

Obama's Approval Rate Plunges Due To Gas Prices

Δευ, 12 Μαρτίου 2012 - 18:42

U.S. President Barack Obama's job approval rating has plunged below 50%, weighed down by soaring gas prices, giving his political opponents what appears to be an opening in the November election, a new opinion poll showed.

Gazprom, DONG Seek Joint Power Plant Projects In Europe

Δευ, 12 Μαρτίου 2012 - 18:42

Russian state-controlled natural gas giant OAO Gazprom (GAZP.RS) and Danish state-owned energy company DONG Energy A/S are in talks on joint investments in power plants in Northwestern Europe, the Russian company said Sunday.

Vestas CEO Confident He Will Keep His Job

Δευ, 12 Μαρτίου 2012 - 18:41

Danish wind turbine maker Vestas A/S (VWS.KO) Chief Executive Ditlev Engel is confident that he will keep his job, according to an interview with the Financial Times published Monday.

Saudi Arabia Reluctant To Replace Iranian Crude

Δευ, 12 Μαρτίου 2012 - 18:41

Saudi Arabia, the world's largest oil exporter, is prepared to fill any gap in world oil markets caused by sanctions against Iran but will do so only reluctantly, an official from the Gulf state said Monday.

Closing France's Oldest Nuclear Plant To Take Time

Δευ, 12 Μαρτίου 2012 - 18:40

Shutting down France's oldest nuclear plant, in Fessenheim near the border with Germany, as pledged by the Socialist candidate in the presidential election Francois Hollande, "will take some time," one of Hollande's advisers said in an interview with French business daily Les Echos released Monday.

Iraq Kurdish Oil Exports Sliding To 75,000 B/D On Payment Delay

Δευ, 12 Μαρτίου 2012 - 18:40

Iraq's crude oil exports from the northern Kurdistan region have dropped to 75,000 barrels a day from the 175,000 barrels a day originally agreed between the central government in Baghdad and the Kurdistan Regional Government, or KRG, on payment issues, Iraqi and Kurdish officials said Monday.

IENE Announces New Study for Greece’s Energy Regulator on Electricity Interconnections in SE Europe

Δευ, 12 Μαρτίου 2012 - 16:00

IENE has just published a new study on the role and the importance of electricity interconnections as part of Greece’s overall energy strategy. This new IENE study, entitled “Strategic Study of Electricity Interconnections in SE Europe and Greece’s Crucial Role”, was assigned to the Institute by Greece’s Regulatory Energy Authority (RAE). The study, which at present is available only in Greek, can be found through www.iene.gr . The study’s English version will be available early next year

Iraqi Budget Approved Using $85/bl Oil Price

Δευ, 12 Μαρτίου 2012 - 13:40

Iraq's 117 trillion dinar ($100bn) budget for 2012 has passed into law after being endorsed by parliament following months of squabbling.The budget is based on an oil price of $85/bl for Iraqi crude and assumes exports of 2.6mn b/d, including 175,000 b/d from the semi-autonomous northern Kurdish enclave run the by the Kurdistan Regional Government, according to Iraqi government news agency Nina.

Israel Opportunity to Bid for Cyprus Gas Licenses

Δευ, 12 Μαρτίου 2012 - 13:37

Israel Opportunity Energy Resources LP(TASE:ISOP.L) controlling partners announced today that they are expanding their activity and founding a subsidiary in Cyprus that will bid in a tender for a natural gas and oil search licenses in Cyprus's economic waters.

Turkish Jets Strike North Iraq - Rebels

Παρ, 9 Μαρτίου 2012 - 18:35

A Kurdish rebel group said on Friday that Turkey's air force carried out air strikes on border areas of north Iraq, but gave no details about casualties or damage.

Exxon CEO: Committed To Working In Kurdistan, Southern Iraq

Παρ, 9 Μαρτίου 2012 - 18:35

Exxon Mobil Corp. (XOM) Chairman and Chief Executive Rex Tillerson said his company remains committed to working in both Kurdistan and Southern Iraq, despite pressure from the Iraqi central government to have the company cancel its Kurdistan work.

Anadarko Says It Has Reached Resolution With Algeria's Sonatrach

Παρ, 9 Μαρτίου 2012 - 18:34

Anadarko Petroleum Corp. (APC) said Friday that it reached an amicable resolution in its long-standing dispute with Algerian state-oil company Sonatrach.

Fitch Downgrades Greece to 'Restricted Default' from 'C'

Παρ, 9 Μαρτίου 2012 - 18:33

Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'RD' ('Restricted Default') from 'C' following today's confirmation from the Greek government and eurozone officials that the exchange of Greek government bonds will proceed.

Climate Standoff Continues As Environment Ministers Meet

Παρ, 9 Μαρτίου 2012 - 18:33

European Union environment ministers are Friday seeking agreement on how to push forward Europe's climate agenda, an effort that will require breaking stubborn opposition by Poland.