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World Bank, Serbian Government Discuss Srbijagas Restructuring

World Bank, Serbian Government Discuss Srbijagas Restructuring

Παρ, 2 Δεκεμβρίου 2016 - 19:57

Serbia’s Prime Minister Aleksandar Vucic met on November 30 with a World Bank delegation, led by Vice President for Europe and Central Asia Cyril Muller, to discuss plans for the structural reform of public enterprises, including Srbijagas

Greek Government Puts an End to Ill-Fated Privatization of DESFA

Greek Government Puts an End to Ill-Fated Privatization of DESFA

Παρ, 2 Δεκεμβρίου 2016 - 19:56

In a much anticipated move the Ministry of Environment and Energy announced late on Wednesday evening (30/11) that it had terminated negotiations with preferred bidder Socar for the sale of 66% of Greece's independent gas operator, DESFA

Energean Secures Exploitation License for Greek Offshore Field

Energean Secures Exploitation License for Greek Offshore Field

Τρι, 29 Νοεμβρίου 2016 - 18:56

The Greek Energy Ministry and Energean Oil & Gas have agreed the conversion of the exploration license for the proven West Katakolon offshore field to a 25-year exploitation license with immediate effect, Greece’s independent oil and gas exploration and production company said in a press release

Gamesa Wins Supply Agreement for 155 MW for a Terna Energy Wind Farm in the United States

Gamesa Wins Supply Agreement for 155 MW for a Terna Energy Wind Farm in the United States

Τρι, 29 Νοεμβρίου 2016 - 18:54

Gamesa, a global leader in wind energy, has entered into an agreement with Terna Energy for the supply of 74 of its G114-2.1 MW turbines (155 MW) at a wind complex being developed in Texas, in southern United States. This order is included in the third-quarter order intake figure already disclosed, which amounted to 1.090 MW

OPEC’s Last Cut Shows Oil Market Could Get a Whole Lot Messier

OPEC’s Last Cut Shows Oil Market Could Get a Whole Lot Messier

Δευ, 28 Νοεμβρίου 2016 - 18:48

Anyone planning to trade the outcome of this week’s OPEC meeting might consider the lessons of the group’s last production cut. Then take a deep breath. In December 2008,as oil demand and prices slumped during the global financial crisis, the Organization of Petroleum Exporting Countries, announced a record output reduction

EU Clears Czech Renewable Energy Support Scheme

EU Clears Czech Renewable Energy Support Scheme

Δευ, 28 Νοεμβρίου 2016 - 18:45

The European Commission said on November 28 that it has approved a support scheme for installations producing renewable energy built in the Czech Republic between 2006 and 2012 under EU state aid rules

IEA’s World Energy Outlook 2016 Sees Broad Transformations in the Global Energy Landscape

IEA’s World Energy Outlook 2016 Sees Broad Transformations in the Global Energy Landscape

Τετ, 16 Νοεμβρίου 2016 - 17:32

As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency's flagship publication

In Greece, Obama Sees Prospects for Cyprus Settlement

In Greece, Obama Sees Prospects for Cyprus Settlement

Τετ, 16 Νοεμβρίου 2016 - 17:31

Outgoing US President Barack Obama and Greek Prime Minister Alexis Tsipras sounded an optimistic note over resolving the decades-long Cyprus issue, which could open new energy corridors in the Eastern Mediterranean

Bulgaria and Romania Launch Gas Pipeline

Bulgaria and Romania Launch Gas Pipeline

Δευ, 14 Νοεμβρίου 2016 - 17:42

Bulgaria and Romania started opened a new natural gas pipeline on Friday as part of Sofia’s efforts to reduce dependence on Russian gas. The 25-km pipeline, which runs under the Danube River and can operate in either direction, will allow Bulgaria to import gas from Europe

Total to Make Comeback to Irans Energy Industry

Total to Make Comeback to Iran's Energy Industry

Δευ, 14 Νοεμβρίου 2016 - 17:40

French oil and gas company Total will return to Iran through an agreement with the National Iranian Oil Company (NIOC) for the development of phase 11 of the South Pars gas field in the Persian Gulf, according to the French company

Romanias Nuclearelectrica to Reconnect NPP Unit 1 to Power Grid on Nov 12

Romania's Nuclearelectrica to Reconnect NPP Unit 1 to Power Grid on Nov 12

Παρ, 11 Νοεμβρίου 2016 - 18:41

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Friday it will reconnect the plant's Unit 1 to the power grid in the morning of November 12. On November 9, Nuclearelectrica said it had to disconnect the unit from the grid due to damage to a power line caused by bad weather

Anti-OPEC Trump Wild Card for Oil Prices

Anti-OPEC Trump Wild Card for Oil Prices

Παρ, 11 Νοεμβρίου 2016 - 18:40

Donald Trump’s victory in the US presidential election means his administration is likely to focus on domestic oil projects, leading to a prolonged period of lower oil prices. "Most likely under a Trump administration there will be less regulation,” Fadel Gheit, a senior energy analyst at Oppenheimer in New York, told New Europe by phone on November 9, adding that the oil industry is very heavily regulated in the US, including environmental impact laws

Seven Donald Trump Policies that Could Change the US

Seven Donald Trump Policies that Could Change the US

Παρ, 11 Νοεμβρίου 2016 - 18:37

Donald Trump’s stunning victory in Tuesday’s US presidential election sets the stage for a series of radical policy reversals both at home and abroad. A Trump presidency could scupper some of Barack Obama’s signature achievements, including Obamacare, climate change policy and the nuclear deal with Iran. Democratic hopes of shaping the Supreme Court for a generation would be dashed; a markedly more conservative court is now likely. Foreign policy could also undergo a dramatic shift