English Edition

Bulgaria’s Bulgargaz Turns to Net Loss in H1

Δευ, 7 Αυγούστου 2017 - 17:59

Bulgarian state-owned natural gas supplier Bulgargaz said it turned to a net loss of 14.5 million levs ($8.75 million/7.4 million euro) in the first half of 2017, from a net profit of 35.4 million levs in the like period of 2016

Scottishpower Approved for 1.2 GW Offshore Wind Project

Δευ, 7 Αυγούστου 2017 - 17:59

ScottishPower Renewables received planning approval from the Secretary of State for Business, Energy and Industrial Strategy for its 1.2-gigawatt offshore wind farm off the coast of Norfolk on Monday

Electricity Prices in Romania Spike Again

Παρ, 4 Αυγούστου 2017 - 12:30

Romania’s spot market recorded the highest electricity price in Europe yesterday, namely EUR 125 per MWh. The only country that recorded similar prices was Hungary, which is interconnected to Romania

Oil Prices Dip on High OPEC Supplies, Rising U.S. Production

Παρ, 4 Αυγούστου 2017 - 12:29

Oil markets were little changed on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $48.95 per barrel at 0707 GMT, down 8 cents, or 0.1 percent, from their last close and set to drop 1.5 percent for the week

Iraq-Iran Oil Deal Unconstitutional: Kurdish Reg. Gov.

Παρ, 4 Αυγούστου 2017 - 12:28

Kurdish Regional Government (KRG) officials declared that the oil deal signed between the central government in Baghdad and Iran without the consultation of the KRG is unconstitutional and would not be successful, Kirkuk officials said on Thursday

The Use of Renewable Energy in Bulgaria Grew by Almost 10%

Πεμ, 3 Αυγούστου 2017 - 18:46

The consumption of energy from renewable sources has increased by nearly ten percent in Bulgaria during the first seven months of 2017, according to data from the Electricity System Operator, announced on Wednesday, reports Mediapool

Support for Shale Fracking Drops in UK

Πεμ, 3 Αυγούστου 2017 - 18:45

Support for fracking, the process of pumping pressurized water and chemicals into the earth to extract shale oil and gas, dropped to 16 percent in the U.K. from 21 percent a year ago, the U.K. government's data showed on Thursday

Russia to Develop More Vietnam Offshore Projects

Πεμ, 3 Αυγούστου 2017 - 18:44

Russian oil giant Rosneft said on August 2 that its subsidiary, Rosneft Vietnam, plans to drill another 3 wells as part of development of Vietnam offshore projects in 2018. Two production wells will be drilled at Block 06.1 aiming at development of prospective areas of Phong Lan Dai and Lan Do fields, Rosneft said in a press release on August 2, adding that one exploration well will also be drilled at the adjacent Block 05-3/11 also located in Nam Kon Son basin

Italian Snam, Albgaz to Cooperate for Albanian Gas Mkt.

Τρι, 1 Αυγούστου 2017 - 18:04

Italy's natural gas infrastructure company Snam and Albania’s gas infrastructure operator Albgaz agreed to collaborate in the development of Albania's gas market, the company announced on Monday. Both signed a memorandum of understanding (MoU) for developing collaboration to support the start and development of the country's gas market and infrastructure system that will be launched when the Trans Adriatic Project (TAP) pipeline transverses the country

Shell Plans Hundreds of Job Cuts

Τρι, 1 Αυγούστου 2017 - 18:03

Royal Dutch Shell Plc is planning to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, according to the staff consultation document seen by the Reuters news agency. The cuts are reportedly part of wider measures in response to lower oil prices

Brussels to Retaliate Against Washington if New Russia Sanctions Are Imposed

Δευ, 31 Ιουλίου 2017 - 17:25

Brussels has raised concerns over Washington’s intention to step up sanctions on Russia, urging coordination with the G7 partners. The European Commission fears sanctions may hit European companies that are upgrading pipeline distribution systems in Russia, as well as railway, shipping, mining, and financial companies

Turkey Adds 377 MW of Installed Wind Capacity in 1H17

Δευ, 31 Ιουλίου 2017 - 17:25

Turkey added 377 megawatts (MW) of installed capacity to reach 6,483 MW in total wind capacity in the first half of 2017, according to Turkish Wind Energy Association's (TUREB) report released on Monday

EU to Review Permits of Large Combustion Plants

Δευ, 31 Ιουλίου 2017 - 17:24

The European Commission (EC) took action to tackle pollution from Large Combustion Plants (LCPs) such as power stations and district heating plants, the EC announced on Monday. Such plants are responsible for about one third of all air conventional pollutants from industry, the EC said, adding that more than 30 percent of EU citizens are exposed to air pollutant levels above EU standards