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All Eyes on OPEC to Boost Oil Prices

All Eyes on OPEC to Boost Oil Prices

Παρ, 4 Δεκεμβρίου 2015 - 17:12

Oil prices rose from near-2015 lows on December 3 after a report that Saudi Arabia, a de-facto leader of the Organization of Petroleum Exporting Countries, would propose a deal to balance oil markets with non-OPEC help in 2016

Romania Is Very Close to Reaching its Energy Independence

Romania Is Very Close to Reaching its Energy Independence

Τετ, 2 Δεκεμβρίου 2015 - 16:36

Although Romania is not far from reaching the goal of gaining its energy independence, still half of its electricity generating capacity is ineffective economically, according to specialists in the field. This capacity needs subsidy schemes established at EU level

New $500 Million Initiative to Boost Large Scale Climate Action

New $500 Million Initiative to Boost Large Scale Climate Action

Τετ, 2 Δεκεμβρίου 2015 - 16:31

Germany, Norway, Sweden, and Switzerland - today announced a new $500 million initiative that will find new ways to create incentives aimed at large scale cuts in greenhouse gas emissions in developing countries to combat climate change. The World Bank Group worked with the countries to develop the initiative

Bulgaria Backs Nord Stream Gas Extension

Bulgaria Backs Nord Stream Gas Extension

Τρι, 1 Δεκεμβρίου 2015 - 17:58

Bulgarian Prime Minister Boiko Borisov said on Monday his government supported Russia's plans to extend its gas link to Germany. A copy of a letter seen by Reuters last week named Bulgaria as one of 10 countries that raised concerns the Nord Stream II project could run counter to European Union interests and risk further destabilising Ukraine

Snam S.p.A. to Join TAP Shareholding, Acquiring 20% Stake in the Project from Statoil

Snam S.p.A. to Join TAP Shareholding, Acquiring 20% Stake in the Project from Statoil

Τρι, 1 Δεκεμβρίου 2015 - 17:55

TAP is pleased to announce that Snam S.p.A. (Snam) will shortly join TAP’s shareholding by acquiring a 20% stake in the project from Statoil. The news follows Statoil’s announcement this morning that it has agreed to sell its shareholding in TAP, by which it will divest its 20% interest stake in the project. Statoil and Snam have agreed to undertake the transaction provided certain conditions are met. The transaction is expected to close by end 2015

Bulgaria, China to Deepen Cooperation in Infrastructure, Nuclear Power

Bulgaria, China to Deepen Cooperation in Infrastructure, Nuclear Power

Δευ, 30 Νοεμβρίου 2015 - 10:40

Bulgaria and China pledged on Thursday to deepen cooperation in the areas of infrastructure, nuclear power, agriculture and tourism. This became clear after a meeting between Bulgarian Prime Minister and his Chinese counterpart Li Keqiang

Nord Stream 2, Turkish Stream Doubtful

Nord Stream 2, Turkish Stream Doubtful

Δευ, 30 Νοεμβρίου 2015 - 10:35

Two major projects spearheaded by Russian gas monopoly Gazprom striving to bypass Ukraine seem more uncertain than ever as a Russian-Turkish pipeline may fall under restrictive measures against Ankara and Russia’s plans to extend its natural-gas link to Germany faces objections from some EU countries

Volkswagen Cuts 2016 Investment Budget to €12bn

Volkswagen Cuts 2016 Investment Budget to €12bn

Παρ, 20 Νοεμβρίου 2015 - 20:43

Volkswagen is taking an axe to its investment budget for next year, cutting spending to a maxiumum of €12bn as it finds ways to save costs to deal with the fall-out from the emissions scandal. The move marks a reduction of around €1bn compared to the group's previous budget

TAP Awards Contract to Corinth Pipeworks S.A. for Onshore Line Pipe

TAP Awards Contract to Corinth Pipeworks S.A. for Onshore Line Pipe

Παρ, 20 Νοεμβρίου 2015 - 20:41

Trans Adriatic Pipeline AG (TAP) has awarded a contract to Corinth Pipeworks S.A. who will provide approximately 495km of 48” diameter line pipes for the Trans Adriatic Pipeline across Greece. This contract award makes up approximately 270,000 tonnes of line pipe

EU Fast-Tracks Tesla, Eastring Gas Lines

EU Fast-Tracks Tesla, Eastring Gas Lines

Παρ, 20 Νοεμβρίου 2015 - 20:40

The European Commission on November 18 included the Tesla and Eastring gas pipelines in its updated Project of Common Interests (PCIs) list, which will enable the gradual build-up of the Energy Union by integrating the energy markets in Europe, diversifying the energy sources and transport routes

Dutch Court Limits Groningen Gas Production to 27 bcm

Dutch Court Limits Groningen Gas Production to 27 bcm

Πεμ, 19 Νοεμβρίου 2015 - 16:02

A Dutch Court has today (Wednesday) temporarily limited gas extraction in Groningen to 27 billion cubic metres (bcm) of gas a year, adding that the NAM consortium could be allowed to ramp up production if cold weather necessitates doing so