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Ukraine Looks to Kazakhstan for Supply of Power Stations

Δευ, 12 Οκτωβρίου 2015 - 16:43

At bilateral meeting of the Presidents of Ukraine and Kazakhstan on October 9, the two sides discussed a wide range of issues related to bilateral cooperation, including trade and economic sphere, fuel and energy and agro-industrial complexes

Ocean Rig’s Fleet Update Adds Uncertainty To Outlook

Παρ, 9 Οκτωβρίου 2015 - 18:37

Rough seas could be ahead for offshore drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG), which warned that several of its rigs could be without work after wrapping up existing jobs. In an Oct. 7 fleet status update the international ultra-deepwater and harsh-environment specialist said two rigs started contracts for work offshore Angola and three others are in the process of completing wells—one each offshore the Falklands, Norway and Brazil

TurkStream Delay

Πεμ, 8 Οκτωβρίου 2015 - 12:00

With growing European demand, Gazprom plans two additional pipelines to send Russian gas to Europe -- Nord Stream 2 across the Baltic Sea, and TurkStream across the Black Sea. While Nord Stream 2 project has been gaining speed, TurkStream has seen its envisaged capacity halved and is facing a construction delay, possibly to end-2017, Medvedev said, adding however, that a year's delay, will not be critical for the company's plans

China's ICBC Bank Offering Loan to Bulgarian Energy Holding

Πεμ, 8 Οκτωβρίου 2015 - 11:49

The Industrial and Commercial Bank of China (ICBC) is likely to become the single company to make a binding offer the Bulgarian Energy Holding (BEH) as the energy structure is looking for a loan of EUR 650 M to pay off debts

Bankers Petroleum's Q3 Avg Daily Output from Albanian Oilfields Falls q/q

Πεμ, 8 Οκτωβρίου 2015 - 11:30

Canadian company Bankers Petroleum said on Wednesday its third-quarter average production from the Patos-Marinza and Kucova oilfields in Albania totalled 19,598 barrels of oil per day, down 2.0% on the quarter

German Households Face Rising Green Power Surcharge

Τετ, 7 Οκτωβρίου 2015 - 14:05

A green energy surcharge levied on German consumers to support renewable power generation is likely to rise next year, despite government efforts to rein in the costs of the planned transition to a low-carbon economy, green energy group BEE said on Wednesday

Bulgaria 'Seeking to Become Hub for Russian Gas'

Τετ, 7 Οκτωβρίου 2015 - 14:00

Bulgaria has not set for itself the goal of becoming a key hub for gas produced by Russian energy giant Gazprom, according to a Russian daily. Izvestiya quotes Bulgaria's Deputy Energy Minister Anton Pavlov as saying that Sofia would demand an extension to the so-called Turkish Stream gas pipeline which is to replace South Stream

BP to Pay $20bn for Gulf of Mexico Oil Spill

Τετ, 7 Οκτωβρίου 2015 - 13:58

UK oil company BP has agreed to pay more than $20 billion (£13bn) to resolve all claims from the Gulf of Mexico oil spill in 2010. The US Department of Justice made the announcement, of what is said to be the largest settlement with a single entity in American history

Gazprom Halves Turkish Stream Capacity

Τετ, 7 Οκτωβρίου 2015 - 13:56

Gazprom CEO Alexei Miller said on October 6 the Russian gas monopoly has almost halved the planned capacity of its controversial Turkish Stream gas pipeline project to 32 billion cubic metres per year from an original capacity of 63 billion cubic metres. After Russia scrapped the South Stream pipeline, Gazprom has pushed ahead with Turkish Stream that is also planning to bring gas to Europe bypassing Ukraine

TPP Deal Concluded Without China

Τρι, 6 Οκτωβρίου 2015 - 13:52

After years of negotiations, a deal was struck on October 5 to conclude the 12-member Trans-Pacific Partnership (TPP), which does not include China. As reported by The Wall Street Journal, Japan views the agreement as key to its economic and security goals as China expands its influence in the region, especially in Southeast Asia, where Japan has long been a major investor and aid donor

Four New Projects for Greek Co. TERNA in the Middle East

Τρι, 6 Οκτωβρίου 2015 - 13:48

TERNA was recently assigned four new projects, budgeted at EUR 150 million approximately, in Bahrain and Abu Dhabi. Specifically, in Bahrain, TERNA undertook the construction and maintenance of a complex of 832 residence units commissioned by the «Affordable & Social Housing» program

Gazprom Waits for Decision of German Regulator on Using 100% of OPAL Pipeline Capacities

Τρι, 6 Οκτωβρίου 2015 - 13:44

Gazprom has applied for using 100% of the OPAL pipeline capacities, Deputy Minister of Energy Anatoly Yanovsky told journalists Tuesday. According to him, the company is currently waiting for a decision of the German regulator "As far as I know, Gazprom should not apply [for using 100% of OPAL capacities - TASS], because the application was already submitted. Therefore, this application needs to be approved, and it depends on the German regulator and from the European Commission," Yanovsky said

Bulgaria Expects to Choose Builder of Gas Link to Romania in December

Δευ, 5 Οκτωβρίου 2015 - 14:30

A contractor is expected to be selected in early December for the construction of a gas pipeline interconnection with Romania under the Danube river bed, Bulgaria’s Energy Minister Temenuzhka Petkova said on Friday