English Edition

Oil Prices Rise But Oversupply Concerns Remain

Τετ, 28 Ιουνίου 2017 - 16:28

On June 27, oil prices rose again boosted by a weaker dollar but worries over an ongoing supply glut capped gains. According to Reuters, Brent crude futures had gained 25 cents to $46.08 per barrel. US WTI crude futures were up 23 cents at $43.61 per barrel. Oil prices have weakened significantly over the last month

IENE Convenes International Workshop on «Energy Security in SE Europe and the Role of LNG»

Τετ, 28 Ιουνίου 2017 - 16:27

IENE is going ahead with its plans to convene in Athens on July 4/5 a high level international workshop to examine the energy security implications in SE Europe as a result of growing gas demand and the role of LNG

Crude Oil Trade Sees 4% Increase in ‘16

Τρι, 27 Ιουνίου 2017 - 18:56

Global crude oil trade hit 2.1 billion tonnes last year, a rise of 4 percent from 2015 levels when oil trade reached 2.03 billion tonnes, BP's latest report showed. In 2016, with 585.7 million tonnes of production, Saudi Arabia, the world's largest producer, exported the most oil worldwide

Turkish Stream Deep Water Pipe Laying Starts

Τρι, 27 Ιουνίου 2017 - 18:56

Russian gas monopoly Gazprom said on June 23 that it started laying the Turkish Stream gas pipeline in the deep-water area off the coast of Anapa. According to Gazprom, Russian President Vladimir Putin gave the command to launch the operations during his visit to the Pioneering Spirit pipe-laying vessel

Romanian Power Producer Hidroelectrica Records 26% Profit Increase

Δευ, 26 Ιουνίου 2017 - 15:36

Romanian power producer Hidroelectrica, one of the most profitable state-owned companies, recorded a gross profit of EUR 162.8 million in the first five months of this year, up 26% compared to the same period last year

France Rolls Out New Environment Measures

Δευ, 26 Ιουνίου 2017 - 15:35

France’s Environment Minister Nicolas Hulot has unveiled a first set of eco-friendly measures, including a moratorium on new oil and gas exploration licenses. Rolling out his agenda on June 23, he said he would take a soft approach to reducing fossil fuels. "There will be no new exploration licences for hydrocarbons, we will pass the law this autumn,” Hulot told the BFMTV news channel

Albania Expects to Finalize TAP by 2018: Deputy Min.

Δευ, 26 Ιουνίου 2017 - 15:34

Works on the Trans-Adriatic Natural Gas Pipeline Project's (TAP) are underway with the construction of two compressor stations, Deputy Minister of Energy and Industry of Albania told Anadolu Agency (AA) on Monday

Turkey's Pre-License Tenders for Wind Energy Finalized

Παρ, 23 Ιουνίου 2017 - 15:16

During a three-day period in which wind energy pre-licenses were up for tender, over 200 renewable energy firm attended the rally for a total of 710 megawatts (MW) in wind capacity throughout Turkey

Mexico Grants ENI 3 New Exploration & Production Blocks

Παρ, 23 Ιουνίου 2017 - 15:15

Italian energy major ENI said on June 20 that it has been granted 3 of 10 offshore blocks awarded by Mexico’s National Hydrocarbon Commission (CNH) in the Sureste Basin, in the Gulf of Mexico

Putin Gives Start to Turkish Stream Pipeline Segments Jointing

Παρ, 23 Ιουνίου 2017 - 15:14

Russian President Vladimir Putin took part in jointing of shallow and deepwater segments of the Turkish Stream gas pipeline in Friday. The head of state arrived at the Pioneering Spirit pipelaying vessel currently engaged in offshore laying of the pipeline

49% of Turkey's Akkuyu Nuclear Plant Up for Grabs

Πεμ, 22 Ιουνίου 2017 - 19:04

Russia's national nuclear energy company, Rosatom, plans to sell a 49 percent stake in Turkey's Akkuyu nuclear power plant project to investors, according to Anastasia Polovinkina, Rosatom's subsidiary Rusatom Energy International's ‎director for debt finance and investment analysis on Monday

Greece: Ministry Errors May Give Uninsured Vehicle Owners Break

Πεμ, 22 Ιουνίου 2017 - 19:03

The Finance Ministry is considering giving a second chance to uninsured vehicle owners following the confusion created by numerous errors in the notices it has sent

Bulgaria Continues Cooperation With EBRD

Πεμ, 22 Ιουνίου 2017 - 19:03

Bulgaria has signed a memorandum of understanding with the European Bank for Reconstruction and Development (EBRD) to guarantee support for projects, financed through the European structural and investment funds for 2014-2020, the government’s press office said

US Regulatory Rollback to Have Small Effect: Fitch

Πεμ, 22 Ιουνίου 2017 - 19:01

The U.S. government's proposed regulatory rollbacks are not expected to have much impact on the country's energy sector, global rating agency Fitch Ratings said Wednesday. The U.S.' President Donald Trump proposes to rollback regulations on the country's oil, natural gas and coal industries

EU Commission Witnesses Hungary-Croatia MoU for Gas Corridor

Τετ, 21 Ιουνίου 2017 - 19:16

The need to further connect Hungary’s electricity grids to the networks of neighbouring countries and ways of lowering the costs of the energy transition in Europe was expected to be one of the main topics during European Vice-President for Energy Union Maroš Šefčovičtrip to Hungary, which is part of his second Energy Union Tour, the European Commission said on June 19

Russia Takes Pass on Qatar Conflict With Arab Neighbours

Τετ, 21 Ιουνίου 2017 - 19:15

Russia, which has called for dialogue to tackle the political rift in the Arab world over Qatar, will not take sides in the conflict between Doha and its neighbours, Chris Weafer, a partner at Macro-Advisory told New Europe in Moscow. "It doesn’t need to. But I understand it has let it be known it is available to host mediation talks if asked by both sides,” he said