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IEA: Low Prices Should Give No Cause for Complacency on Energy Security

Τρι, 10 Νοεμβρίου 2015 - 18:19

An extended period of lower oil prices would benefit consumers but would trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short, says the International Energy Agency (IEA) in the 2015 edition of itsflagshipWorld Energy Outlook publication(WEO-2015)

Thousands of Israelis Protest Against Gas Agreement

Δευ, 9 Νοεμβρίου 2015 - 18:10

Demonstrators in Tel Aviv, Haifa and Jerusalem called the agreement with Delek Group and Noble Energy robbery. Last night, thousands of Israelis took part in demonstrations in Tel Aviv, Haifa, and Jerusalem, demanding a halt to the state's agreement with the gas exploration companies with Delek Group, controlled by Yitzhak Tshuva, and US company Noble Energy

Head of OMV Pledges Nord Stream-2 Will be Built in Compliance with Third Energy Package

Δευ, 9 Νοεμβρίου 2015 - 18:09

The second stage of the Nord Stream pipeline can be implemented in accordance with the requirements of the EU Third Energy Package, Chief Executive Officer of OMV Rainer Seele told an energy conference in Vienna

Navigating the Energy Revolution

Δευ, 9 Νοεμβρίου 2015 - 18:08

For decades, the international energy landscape has been relatively stable, with producers like Saudi Arabia, Iran, and Algeria selling oil and gas to consumers in the United States and Europe. In a few years, however, the energy terrain is likely to be unrecognizable, as dramatic technological, economic, and geopolitical changes reshape commercial relationships worldwide

New Bill a Blow to Nigeria’s Oil Market

Πεμ, 5 Νοεμβρίου 2015 - 17:22

A long-awaited oil law is reportedly set to pass through parliament, unlocking billions of dollars in frozen investments. As reported by the online news site Live Trading News, the Petroleum Industry Bill (PIB) has been gathering dust since 2008 because of disagreements between the government and global oil majors over its terms

The Head of the Croatian Hydrocarbon Agency Visits the Energean Facilities in Prinos

Πεμ, 5 Νοεμβρίου 2015 - 16:55

Energean Oil & Gas, is pleased to announce that Mrs. Barbara Doric, Head of the Croatian Hydrocarbon Agency, visited the Prinos Oil Field facilities in the Gulf of Kavala. Mrs. Doric and her colleagues visited the offshore production platforms and the drilling rig “Energean Force” , which is currently drilling the first of 15 wells that the operators is planning to drill in the area in the next two years aiming to increase production to 10,000 bbls/day

Vestas Soars on Higher 2015 Forecasts and Share Buyback

Πεμ, 5 Νοεμβρίου 2015 - 16:53

Vestas Wind Systems raised its 2015 profit forecast on Thursday and said it would buy back shares after stronger than expected third-quarter results, sending its shares to their highest in over six years

Bulgaria Border Security System 'Out of Service over Unpaid Electricity Bills'

Πεμ, 5 Νοεμβρίου 2015 - 16:51

State-of-the art border monitoring equipment has been installed at the Bulgarian-Turkish border but it is "out of service. Police have no money for electricity," German magazine Der Spiegel's website notes. Citing official documents, it also suggests the number of people crossing Bulgaria's border without being caught might be "enormous"

Bulgaria's Energy Watchdog Cuts Power Prices for Businesses

Τετ, 4 Νοεμβρίου 2015 - 17:59

The Bulgarian energy regulator KEVR announced Sunday it was lowering a "duty to society" surcharge on power prices for industrial consumers

The Energy Summit in London Ahead of Climate Talks in Paris

Τετ, 4 Νοεμβρίου 2015 - 17:56

As diplomats are holding their breath ahead of the Conference for the Framework Convention on Climate Change in Paris this December, the energy sector’s lobbyists, firms, movers and shakers, are also preparing in London. The objective of the Paris Conference is an agreement that will keep a ceiling on CO2 emissions and, therefore, the rise of climate within levels that can be dealt with from the international community

TANAP Key EU Conduit for Azeri Gas

Τρι, 3 Νοεμβρίου 2015 - 18:02

The Trans Anatolian Pipeline (TANAP) that will carry gas from Azerbaijan’s massive Shah Deniz 2 field is of strategic nature for Turkey and Europe. "TANAP is important Project not only for Turkey but also for Southeast Europe,” an ex-CEO of Turkey’s Botas, Gokhan Yardim, told New Europe from Ankara, adding that Russia’s Turkish Stream project is also important

Bulgarian PM Dismisses Deputy Energy Minister

Τρι, 3 Νοεμβρίου 2015 - 18:00

Bulgaria's Prime Minister Boyko Borisov has dismissed Deputy Energy Minister Anton Pavlov, the government's press office has said

EIB Signs EUR 285 Million Loans to Support Energy Projects in Greece

Τρι, 3 Νοεμβρίου 2015 - 17:59

The European Investment Bank (EIB) signed today EUR 285 million of loans to support various energy projects in Greece, improving the electricity transmission and interconnection network across the country, while at the same time bolstering environmental-friendly energy security and efficiency