English Edition

BP, Rosneft Heads Meet With Putin's Help Despite Court Prohibition

Δευ, 18 Απριλίου 2011 - 16:40

The BP and Rosneft presidents met for discussions in Moscow at Prime Minister Vladimir Putin's invitation on Friday, despite a court order banning them from doing so, local business newspapers said on Monday.

GE Combined-Cycle System Shipped for Greece's New Power Plant

Δευ, 18 Απριλίου 2011 - 16:39

GE has shipped advanced gas turbine combined-cycle equipment for the Megalopolis Power Plant in Central Peloponnesus, Greece. The combined-cycle package will replace four lignite-fired units at the site to help the country meet both its energy and environmental goals.

EAPC Bidding in Cypriot Fuel Terminal Tender

Δευ, 18 Απριλίου 2011 - 16:38

Eilat Ashkelon Pipeline Company Ltd. (EAPC) has submitted a bid in a Cypriot tender to build and operate a fuel terminal, the company's first foreign venture. The terminal is part of strategic energy project under construction between Larnaca and Limossol at Vassilikos on Cyprus's southern coast.

Rosneft CEO: Not Discussing Joint Buyout Of TNK-BP

Παρ, 15 Απριλίου 2011 - 18:11

Russian oil producer OAO Rosneft (ROSN.RS) isn't in talks with BP PLC (BP) to buy out the U.K. oil major's Russian partners in the TNK-BP Ltd. joint venture, the Interfax news agency reports Friday, citing Rosneft Chief Executive Eduard Khudainatov.

Snags In Fuel Imports Turn The Screw On Libya's Gadhafi

Παρ, 15 Απριλίου 2011 - 18:10

International political pressure is hitting the regime of Col. Moammar Gadhafi's Libya where it hurts--fuel imports that could be critical to sustain its war effort against the rebels.

Brazil's Petrobras To Hike Gas Price By 12% -Report

Παρ, 15 Απριλίου 2011 - 18:10

The Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, will hike natural gas price by 12%, reported in its Friday edition the local newspaper O Estado de Sao Paulo.

Greece Outlines 5-Year Austerity Plan, Details Privatizations

Παρ, 15 Απριλίου 2011 - 18:10

Greece's government Friday outlined plans to take a further EUR26 billion in new austerity measures over the next five years, and said it would sell down its stake in key state-owned enterprises in an effort to reduce its giant debt.

Statoil Awarded Licenses Close To Major Oil Find

Παρ, 15 Απριλίου 2011 - 18:09

Norwegian oil and gas firm Statoil ASA (STL.OS) has been awarded 11 licenses in Norway's most recent licensing round, the Norwegian ministry of petroleum and energy said in a statement Friday.

German Finance Minister: Anglo-Saxon Media Sowing Confusion On Greece

Παρ, 15 Απριλίου 2011 - 18:09

Foreign media are responsible for spreading confusion about Germany's attitude to the Greek debt problem, German Finance Minister Wolfgang Schaeuble said Friday.

Bulgarian Energy Holding Sacks NEK's Head

Παρ, 15 Απριλίου 2011 - 13:16

The board of directors of Bulgarian Energy Holding (BEH) has unanimously decided to release Krassimir Purvanov from his position of chief executive officer of the National Electricity Company (NEK), the country's Economy Ministry said in a statement on Thursday.

LUKoil, Bashneft to Develop Giant Trebs, Titov Oilfields

Παρ, 15 Απριλίου 2011 - 13:16

Mid-sized Russian oil company Bashneft, the winner of a tender to develop the giant Trebs and Titov oilfields in the Russian Arctic and the country's largest private oil firm LUKoil will sign an agreement of intent on Friday to jointly develop the fields, a LUKoil spokesman said.