English Edition

Finland’s Energy Decisions Questioned

Τετ, 21 Οκτωβρίου 2015 - 14:25

Finland’s energy decisions are based on misleading data from the International Energy Agency, according to professors at the Lappeenranta University of Technology (LUT). They have warned the agency has underestimated the potential of renewable energy sources

Two Greek Industrial Groups Consider Moving their Headquarters Abroad

Τρι, 20 Οκτωβρίου 2015 - 19:35

Two major industrial groups listed on reece's Athens Exchange are said to be on the verge of deciding to move their headquarters abroad in 2016, Kathimerini understands. According to sources, their main shareholders believe that the government is being too slow in its effort to change the economic climate and personal discussions with cabinet members have suggested that entrepreneurship in Greece is not a priority for the country’s administration

Naftogaz Offers Gas Transportation Capacities for Import from Europe

Τρι, 20 Οκτωβρίου 2015 - 19:34

Ukrainian company Naftogaz offered its gas transportation capacities on the western border for gas imports from the European Union to the interested companies, the company’s press service said Tuesday

Genel Cuts Forecasts as Iraqi Kurdistan Owes More Than $400 Mln

Τρι, 20 Οκτωβρίου 2015 - 19:31

Genel Energy, one of the main oil producers in Iraqi Kurdistan, has cut its full-year production and revenue forecasts after reducing investment because of weak prices and a debt it says is owed by the Kurdistan Regional Government (KRG). The London-listed company, which says is owed around $400 million, said on Tuesday it will not invest in increasing production at its oilfields until the KRG makes regular payments for exports

US, Alaska to Drop Exxon-Valdez Litigation

Παρ, 16 Οκτωβρίου 2015 - 16:14

The US and Alaska yesterday said they will stop pursuing from ExxonMobil an additional $92mn in environmental restoration costs related to the 1989 Exxon Valdez oil spill, bringing a close to more than two decades of litigation against the company

Bulgaria Plans to Raise State Guarantee for IGB Pipeline to 110 Mln Euro

Παρ, 16 Οκτωβρίου 2015 - 16:13

Bulgaria plans to increase the state guarantee for the Interconnector Greece-Bulgaria (IGB Pipeline) project by 30 million euro ($34.2 million) to 110 million euro, Bulgaria's energy minister said on Thursday

Iraqi Forces and Militia Seize Most of Baiji Refinery - Officials

Παρ, 16 Οκτωβρίου 2015 - 16:10

Iraqi forces and Shi'ite militia fighters recaptured most of the country's largest oil refinery from Islamic State militants on Thursday, security officials said

IGI Poseidon Ready to Sign FID on IGB Pipeline by end-Nov

Παρ, 16 Οκτωβρίου 2015 - 16:07

IGI Poseidon, a 50/50 partnership between DEPA, the Public Gas Corporation of Greece, and Italy's Edison, is ready to sign a final investment decision (FID) on the Gas Interconnector Greece-Bulgaria by the end of November, a senior DEPA official said on Thursday

Russia's Gazprom Neft Oil Production Up 20% in 9 Months — CEO

Τετ, 14 Οκτωβρίου 2015 - 16:13

The oil productionof Russia's Gazprom Neft inthe first 9 months of 2015 hasincreased by 20%, the company’s CEO Alexander Dyukov told journalists "The production of hydrocarbons has increased by 20%. It is based on the results for 9 months, and the results of the year will be clear in December," he said

Turkish Petroleum to Enter LPG Sector

Τετ, 14 Οκτωβρίου 2015 - 16:13

Turkey's state-owned fuel oil network, Turkish Petroleum Oil Distribution Company (TP), has decided to start operations in the LPG sector, head of the company said on Wednesday. TP's head said that the company plans to deliver LPG to its gas stations starting from mid-2016

New Switzerland-France Link to Open Market for North African, Azeri Gas

Τετ, 14 Οκτωβρίου 2015 - 16:12

French utility Engie’s gas transport business GRTgaz plans to create a link from Switzerland to France that will allow Algerian, Libyan and Azeri gas to be shipped to northern Europe via Italy in coming years

Nigeria Slipping Iinto Oil Controversy

Τετ, 14 Οκτωβρίου 2015 - 16:10

Under new leadership following the election of President Muhammadu Buhari, Nigeria’s state-owned National Petroleum Corporation has announced controversial plans to renegotiate production-sharing agreement with oil majors. Companies such as Royal Dutch Shell, Chevron, Eni and ExxonMobil could be affected in the coming weeks

Saudi Butanol Starts Trial Ops at Jubail

Τετ, 14 Οκτωβρίου 2015 - 14:26

Saudi Butanol Company, a joint venture of local petrochemicals firms, has begun trials of its plant in Jubail and expects commercial operations to start in the first half of 2016. Testing will take between three and six months at the plant, a statement from Sahara Petrochemical Company said on Tuesday

4 Coalminers Dead, 2 Injured in Accident in Bosnia

Τρι, 13 Οκτωβρίου 2015 - 17:42

A spokesman for a Bosnian coal mine says four miners died and two were injured in an overnight accident

Germany’s KfW Intends to Lend EUR 100M to Back Bulgaria’s Energy Efficiency Programme

Τρι, 13 Οκτωβρίου 2015 - 17:41

Germany’s KfW Development Bank has signed a letter of intent with state-owned Bulgarian Development Bank (BDB) to lend EUR 100 M to finance Bulgaria’s programme for boosting the energy efficiency of multi-family residential buildings. The funds will help the activitities of small and medium enterprises in Bulgaria, the BDB said in a statement after the signing of the letter of intent in Berlin on Monday

Oil Glut to Stay in 2016 as IEA Sees Slower Demand Growth

Τρι, 13 Οκτωβρίου 2015 - 17:40

Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said