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Turkey's Enerjisa Plans to Sell Three Hydroelectric Power Plants

Πεμ, 29 Οκτωβρίου 2015 - 21:46

Turkey’s Enerjisa, a joint venture between Sabancı Holding and Germany’s E.ON , plans to sell three hydroelectric power plants to rationalize its portfolio and cut debt, and has appointed bankers to manage the sale, three banking sources said

Bulgaria-Greece Gas Link Gets BGN 215 M in State Guarantee

Πεμ, 29 Οκτωβρίου 2015 - 21:26

Bulgaria's government is to issue guarantees worth BGN 215 M (EUR 109 M) for the Interconnector Greece-Bulgarai (IGB) project in 2016, the cabinet's press office has said. The decision, announced at a Wednesday cabinet meeting, has turned IGB into the single state-guaranteed investment project for which the government will secure funding by taking out more loans

Final Programme for the «Energy and Development 2015» Conference Announced by IENE

Πεμ, 29 Οκτωβρίου 2015 - 21:20

IENE is pleased to announce the detailed programme for its 20th National Conference "Energy and Development 2015”, to be held in Athens, on November 11-12, 2015. This year’s conference theme deals with "The Role of the Energy Sector in Revitalizing Greece’s Economy”. The conference’s opening speech will be delivered by the Minister of Environment and Energy, Mr. Panos Skourletis

Turkey Will See Russia in Court Over Gas Prices

Πεμ, 29 Οκτωβρίου 2015 - 21:19

Turkey’s decision to file an international arbitration case against Russian gas monopoly Gazprom over gas prices is not related to the planned Turkish Stream gas pipeline but to existing gas contracts, an ex-CEO of Turkey’s Botas told New Europe

Turkey Takes Russian Gas Price Dispute to Arbitration

Τρι, 27 Οκτωβρίου 2015 - 15:48

Turkish Energy Minister, Ali Riza Alaboyun, said Tuesday that the natural gas price dispute between Turkey and Russia was taken to the arbitration court on Monday. "We demanded discount from Russia andthe arbitration court will decide on it," Alaboyun said speaking at a launch of an electricity generation ship in Istanbul

Chinese Firm to Buy Texas Oil Fields

Τρι, 27 Οκτωβρίου 2015 - 15:46

A Chinese development firm is buying oil fields in western Texas for more than $1 billion. Yantai Xinchao Industry Co. said in a Saturday regulatory filing that it planned to buy assets from Tall City Exploration and Plymouth Petroleum, The Wall Street Journal reported

Subsea Power Link Between Denmark, UK Delayed

Τρι, 27 Οκτωβρίου 2015 - 15:45

A planned subsea power link between Denmark and Britain is slated to begin at the end of 2022, later than expected, according to a report published by the UK’s Press and Journal

EBRD Selects Best Sustainable Energy Projects in the Western Balkans

Δευ, 26 Οκτωβρίου 2015 - 18:28

The European Bank for Reconstruction and Development is recognising outstanding projects financed under the Western Balkans Sustainable Energy Finance Facility II in Zagreb on 22 October. Outstanding projects promoting energy efficiency and renewable energy in the commercial, municipal and residential sectors will be receiving the awards in the Emerald Ballroom of the Hotel Regent Esplanade, at 10 o’clock in the morning

Russian Oil Producers Ready to Compete With OPEC — Energy Minister

Δευ, 26 Οκτωβρίου 2015 - 18:27

Russian oil companies are ready to compete with the Organization of the Petroleum Exporting Countries (OPEC) regardless of quotas and redistribution within the oil cartel, Russian Energy Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday

Climate Change Action Boosting Renewables: IEA

Δευ, 26 Οκτωβρίου 2015 - 18:26

It might not all be bad news for the renewable energy industry. While plummeting oil and coal prices make fossil-fuel power projects more attractive, aggressive government support is making sure the renewable sector is still in the picture

Fearing Russian Gas Cuts, Bulgaria Goes Underground

Δευ, 26 Οκτωβρίου 2015 - 18:24

Bulgaria is expanding an underground gas storage site to guard against any gas supply cuts from Russian gas monopoly Gazprom. The expansion is expected to nearly double the capacity of the storage from 550 million cubic metres to one billion cubic metres of gas

Gazprom Starts Expanding Russia’s Unified Gas Supply System for Nord Stream-2

Παρ, 23 Οκτωβρίου 2015 - 15:47

Gazprom initiated construction of new gas transportation facilities and Ukhta-Torzhok-2 gas pipeline in Russia’s Komi Republic, Chief Executive Officer of the gas holding Alexey Miller said on Wednesday

Energean Appoints New Country General Manager in Egypt and Starts New 2D Seismic Survey

Παρ, 23 Οκτωβρίου 2015 - 15:40

Energean Oil & Gas, the international oil & gas exploration and production Company focused on the Mediterranean and North Africa, is pleased to announce that it has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt

China Buying Into UK Nuclear Plants

Πεμ, 22 Οκτωβρίου 2015 - 18:23

UK Prime Minister David Cameron and visiting Chinese President Xi Jinping confirmed a controversial nuke deal under which China General Nuclear Power Corporation (CGN) will invest GBP 6 billion ($9 billion) in EDF’s Hinkley Point project in Somerset, Britain’s first new nuclear plant in a generation

RWE Commissions 16 MW Hungarian Solar Park

Τετ, 21 Οκτωβρίου 2015 - 14:31

RWE, a German clean energy developer, has successfully commissioned a 16 MW solar PV plant in Hungary. Planning of the solar array first began in early 2013 and this week the plant was finally completed after just three months of construction, becoming in the process the largest PV farm in the country

Largest Romanian Oil & Gas Producer Sees Lower Output

Τετ, 21 Οκτωβρίου 2015 - 14:29

Romanian oil & gas group OMV Petrom’s hydrocarbon production dropped by 2.2% in the third quarter of the year compared to the same period of 2014, to some 174,000 boe per day. The decrease was due to the company’s workover at several important wells during this period