English Edition

No Danger Of Repeat Of 2008 Price Spike In Oil - OPEC

Τετ, 2 Μαΐου 2012 - 17:50

There is no cause for concern that there will be another price surge on oil markets this year on the scale of the $147-a-barrel spike seen in 2008, the Organization of Petroleum Exporting Countries said Wednesday.

Iran's Oil Production At Lowest Level In 20 Years-Consultant

Τετ, 2 Μαΐου 2012 - 17:50

Iran's oil output has reached its lowest level in 20 years, independent data showed Wednesday, as the impact of sanctions dramatically deepens.

Rosneft 1Q Profit Down 9% On Year On Higher Taxes, Transportation Costs

Τετ, 2 Μαΐου 2012 - 17:49

Russian state oil producer OAO Rosneft (ROSN.RS) Wednesday said first-quarter net profit fell 8.9% from last year partly due to higher taxes on the huge Vankor field, as well as higher transportation and electricity costs, but was still supported by higher oil prices.

ELPE Produces Power Through Solar Energy

Τετ, 2 Μαΐου 2012 - 16:30

Hellenic Petroleum SA, Greece’s largest refiner, said on Monday that its first power unit that produces electricity using the sun had successfully begun operations. The photovoltaic unit has generating capacity of 500 kilowatts and will have annual power production of about 740,000 kilowatt hours, the Athens-based company said in an e-mailed statement.

Bulgaria, Azerbaijan Sign Memorandum of Cooperation in Gas Supplies

Τετ, 2 Μαΐου 2012 - 15:32

State-run Bulgarian Energy Holding (BEH) and Azerbaijan's state oil company SOCAR signed a memorandum of cooperation in the gas sector, Bulgaria's economy ministry said.

Turkey's Electricity Consumption Up in March

Τετ, 2 Μαΐου 2012 - 15:12

Turkey consumed 20.6 billion kilowatt/hours of electricity in March 2012, according to Turkey's Electricity Transmission Corp. (TEIAS).

EU Pushes for South Stream Gas Pipeline Access

Τετ, 2 Μαΐου 2012 - 13:27

Western European firms participating in the Gazprom-led South Stream gas pipeline project could back the European Commission's efforts to force the Russian state-controlled export monopoly to open up the line to other shippers.

Libya Oil Output At Risk Due To Security -Barclays

Δευ, 30 Απριλίου 2012 - 17:04

The security situation in Libya remains unstable and poses a threat to the country's oil production, which has nearly reached pre-war levels, Barclays says in a note.

Enel Says Renewables' Growth Has Lowered Generation Margins

Δευ, 30 Απριλίου 2012 - 17:03

The strong and unexpected growth in renewable energy lowered power generation margins in the top two markets for Italian utility Enel SpA (ENEL.MI), said Chairman Paolo Andrea Colombo Monday.

Boost for Israelis Bidding for Cypriot Gas Licenses

Δευ, 30 Απριλίου 2012 - 13:45

The likelihood of Israeli companies winning gas exploration licenses in Cypriot waters has improved after a range of large international companies decided not to bid for block tenders. In February, the Cypriot government published tenders for 12 blocks of offshore licenses.

Enerjisa to Start Turkey’s Largest Wind Farm this Year

Δευ, 30 Απριλίου 2012 - 13:45

Privately-owned Turkish utility Enerjisa will bring on line Turkey's largest wind farm to date after securing a €135mn ($180mn) loan for its construction from the European Bank of Reconstruction and Development.

EU Urges Greece, Portugal, Poland To Implement Nuclear Safety Rules

Πεμ, 26 Απριλίου 2012 - 15:43

The European Union's executive body is urging Poland, Greece and Portugal to fully implement EU rules on nuclear safety, threatening to take them to court if they don't do so, it said Thursday.

EU Threatens Five 5 Members With Legal Action Over Energy Liberalization Rules

Πεμ, 26 Απριλίου 2012 - 15:42

The European Union's executive body has sent letters to five member countries threatening legal action if they don't implement rules aimed at opening up national energy markets to competition, it said Thursday.