1. English Edition

English Edition

Albanias Albpetrol Appeals Against Suspension of Director

Albania's Albpetrol Appeals Against Suspension of Director

Πεμ, 15 Ιουνίου 2017 - 15:09

Albania's state-owned oil company Albpetrol said it has lodged an appeal with a court in Vlora against the suspension of its director, Endri Puka. Puka had been suspended by the court over his role in the termination of a concession contract with local gas and oil extraction company Phoenix Petroleum for the Amonica oil block, Albpetrol said in a statement earlier this week

Gazprom’s Power of Siberia Pipeline to China is Ahead of Schedule

Gazprom’s Power of Siberia Pipeline to China is Ahead of Schedule

Τετ, 14 Ιουνίου 2017 - 15:55

Russian gas monopoly Gazprom said the construction project for the Power of Siberia gas trunkline is ahead of schedule. By 2017, 445 kilometres of its linear part were built. As of early June 2017, some 774 kilometres were ready. Before the end of the year, it is planned to complete over 1,100 kilometres of the pipeline, which translates into about a half of Power of Siberia’s priority section stretching from the Chayandinskoye field in Yakutia to the Russian-Chinese border

Turkey: OMV Finalizes Sale of Petrol Ofisi to Vitol

Turkey: OMV Finalizes Sale of Petrol Ofisi to Vitol

Τετ, 14 Ιουνίου 2017 - 15:54

Austrian OMV completed the sale of Turkish Petrol Ofisi to Vitol Investment Partnership, the company announced on Tuesday. OMV sold Petrol Ofisi to VIP Turkey Enerji, a subsidiary of Vitol Investment Partnership, following the fulfilment of the agreed conditions, including the relevant regulatory approvals, according to a statement by the Austrian company

Excess Oil Inventories to Last Until 2018 – IEA

Excess Oil Inventories to Last Until 2018 – IEA

Τετ, 14 Ιουνίου 2017 - 15:53

Oil demand should outpace supply in the second half of this year but excess inventories will persist well into 2018, dealing a blow to global crude producers enacting output cuts to bring down stubbornly high stockpiles

Eldorado Issues Response to Greek Ministry

Eldorado Issues Response to Greek Ministry

Δευ, 12 Ιουνίου 2017 - 18:40

Eldorado Gold Corp responded to a statement posted on the Greek Energy and Environment Ministry’s website on Thursday about seeking arbitration over the Canadian company’s gold mine investment, saying it has not received formal notification or any details of any arbitration proceedings

Central Asian Countries Commit to Boosting Renewables

Central Asian Countries Commit to Boosting Renewables

Δευ, 12 Ιουνίου 2017 - 18:38

International Renewable Energy Agency (IRENA) released a statement detailing six key areas to facilitate the uptake of renewables in Central Asia and help diversify the energy mix in a new regional Action Plan

Five Reasons to Attend 10th South East Europe Energy Dialogue (SEEED) in Belgrade

Five Reasons to Attend 10th South East Europe Energy Dialogue (SEEED) in Belgrade

Δευ, 12 Ιουνίου 2017 - 18:34

Actual energy issues will be raised and discussed at the 10th SEEED, organized by the Regional Institute of Energy for South East Europe (IENE), which will take place in Belgrade on June 13-14. The IENE major study – "SE Europe Energy Outlook 2016/2017” will be presented at the conference for the first time in this region. The audience will be provided with an insight into the region covering counties from Slovenia to Turkey and address the regions main energy sector challenges

ExxonMobil Wants to See Cyprus a Regional Hub

ExxonMobil Wants to See Cyprus a Regional Hub

Παρ, 9 Ιουνίου 2017 - 17:08

ExxonMobil’s vision for Cyprus is to see the country becoming a regional energy hub and the company hopes to find sufficient deposits of natural gas to see the island turn into an energy export nation, President of ExxonMobil Exploration Company Stephen Greenlee said on Thursday. The ExxonMobil president said the company had been active since signing the contracts with Cyprus in April and has begun exploration

Moody’s Upgrades BP’s Rating, Changes Outlook on Shell

Moody’s Upgrades BP’s Rating, Changes Outlook on Shell

Παρ, 9 Ιουνίου 2017 - 17:08

On June 8, Moody’s Investors Service has upgraded to A1 from A2 the issuer rating of oil and gas company BP and the long-term debt ratings of its guaranteed subsidiaries. Concurrently, Moody’s said the rating agency affirmed its Prime-1 commercial paper ratings of BP Capital Markets plc and BP Corporation North America, Inc. The outlook on all ratings is positive

Honda Plans to Develop Self-Driving Cars

Honda Plans to Develop Self-Driving Cars

Πεμ, 8 Ιουνίου 2017 - 19:59

Japanese carmaker Honda Motor Co spelled out for the first time its plans to develop autonomous cars which can drive on city streets by 2025, building on its strategy to take on rivals in the auto market of the future, Reuters reports

IENE’s Major Study, the «SE Europe Energy Outlook 2016/17», was Presented at the Athens Exchange

IENE’s Major Study, the «SE Europe Energy Outlook 2016/17», was Presented at the Athens Exchange

Πεμ, 8 Ιουνίου 2017 - 19:55

ENE’s major study project, the "SE Europe Energy Outlook 2016/17”, was presented on June 7, 2017, at the Athens Exchange. This special event, jointly organized by the Institute of Energy for SE Europe (IENE) and the Athens Exchange Group, gathered together IENE members and eminent professionals from Greece’s energy, banking and financial sector, as well as representatives of major companies form the industrial and services sectors

IEA and China Host High-Level Gathering of Energy Ministers and Industry Leaders to Affirm the Importance of Carbon Capture

IEA and China Host High-Level Gathering of Energy Ministers and Industry Leaders to Affirm the Importance of Carbon Capture

Πεμ, 8 Ιουνίου 2017 - 17:09

The energy ministers of Canada, China, Norway, and the United States, as well as heads of delegation from Australia and the European Commission, along with leaders from the industry and key organisations, were invited by the International Energy Agency and China to review how to increase collaboration in order to drive further deployment of carbon capture, utilization and storage (CCUS)

ERBD to Finance Geothermal Exploration in Turkey

ERBD to Finance Geothermal Exploration in Turkey

Τετ, 7 Ιουνίου 2017 - 19:23

The European Bank for Reconstruction and Development (EBRD) has mobilized a €5 million loan from the Clean Technology Fund (CTF) for the early stage development of the Prosin-Dikili geothermal power plant near the coastal town of Dikili in the Izmir province of Turkey, EBRD said on Monday

No Discussions Between Sofia and Gazprom Over South Stream

No Discussions Between Sofia and Gazprom Over South Stream

Τετ, 7 Ιουνίου 2017 - 19:22

Gazprom has not been discussing with Bulgaria the restarting of the South Stream gas pipeline project but options for developing its gas transmission system Alexander Medvedev, Deputy Chairman of the Russian gas giant, said

Russia, India Sign Nuclear Power Plant Agreement

Russia, India Sign Nuclear Power Plant Agreement

Σαβ, 3 Ιουνίου 2017 - 19:02

Following talks on between Russian President Vladimir Putin and India’s Prime Minister Narendra Modi on June 1 in St Petersburg, Russia and India have reportedly signed an agreement on setting up two more Russian-designed units for the Kudankulam nuclear power station in Tamil Nadu