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Iran’s New Plan for Oil Sanctions Removal

Iran’s New Plan for Oil Sanctions Removal

Δευ, 5 Οκτωβρίου 2015 - 14:26

A senior Iranian oil official has announced the presence of the world’s largest oil companies in Tehran and deemed the investment of these companies in Iran as a step forward to the complete abolition of sanctions

Denmark’s Wind Farms Exceed Electricity Demand

Denmark’s Wind Farms Exceed Electricity Demand

Δευ, 5 Οκτωβρίου 2015 - 14:19

Generating power in Denmark has never been easier. The country’s 5 gigawatts of wind capacity can produce nearly 40% of the country’s instantaneous electricity demand. That’s the highest share of electricity generated by wind by any nation on Earth, according to Greentech Media

‘Largest’ Solar Farm in Scotland Opens

‘Largest’ Solar Farm in Scotland Opens

Τετ, 30 Σεπτεμβρίου 2015 - 17:23

The construction of what is claimed to be the largest solar farm in Scotland has been completed. It islocated in Aberdeenshire and has a capacity of 1.8MW. The facility has7,000 panels which are expected to generate 1.5 million kWh of electricity and reduce 850,000kgs of carbon emissions per year

RWE Says No Hope for Power Prices, Looks for More Savings

RWE Says No Hope for Power Prices, Looks for More Savings

Τετ, 30 Σεπτεμβρίου 2015 - 17:22

RWE sees no prospects of a short-term recovery in wholesale power prices and will look for savings in its generation arm, its chief financial office Bernhard Guenther said during a call with analysts on Wednesday. "We will not accept loss-making operations in the long-term," Guenther said

Shell to Explore for Oil, Gas in Bulgarias Offshore Silistar Block

Shell to Explore for Oil, Gas in Bulgaria's Offshore Silistar Block

Τετ, 30 Σεπτεμβρίου 2015 - 17:21

Dutch-based Shell Exploration and Production was chosen to explore for oil and gas in Bulgaria's 1-14 Silistar block in the Black Sea, the country's energy ministry said on Tuesday.Shell will invest18.6 million euro ($20.98 million) in exploration works, plus a 4.9 million euro bonus it will pay the state upon signing the contract, the ministry said in a press release

ECB Suspends Purchase of Loans Backed by VW Assets

ECB Suspends Purchase of Loans Backed by VW Assets

Δευ, 28 Σεπτεμβρίου 2015 - 13:21

The European Central Bank has suspended buying bundles of loans backed by Volkswagen assets as it reviews the financial implications of the scandal engulfing Germany’s biggest carmaker. The plunge in VW shares by almost a third in 10 days has prompted the central bank to review whether to bar VW paper from its bond purchase programme

Shell Halts Alaska Offshore Exploration After Failing to Find Enough Oil

Shell Halts Alaska Offshore Exploration After Failing to Find Enough Oil

Δευ, 28 Σεπτεμβρίου 2015 - 13:13

Royal Dutch Shell Plcwill halt exploration in the U.S. Arctic after $7 billion of spending ended with a well off Alaska that failed to find any meaningful quantities of oil or natural gas. “This is a clearly disappointing exploration outcome,” Marvin Odum, director of Shell’s Upstream Americas unit, said in a statement Monday. The company said it will cease further offshore activity in Alaska for the foreseeable future

Romanian Energy Companies, Looking for Purchases in Moldova

Romanian Energy Companies, Looking for Purchases in Moldova

Πεμ, 24 Σεπτεμβρίου 2015 - 10:50

Romanian energy transporter Transelectrica and gas transporter Transgaz want to buy stakes in energy companies in the Republic of Moldova that will be privatized.The two companies’ representatives handed their intention letters to Moldovan officials during a joint meeting of the Romanian and Moldovan governments that took place yesterday at Neptun

Volkswagen Boss Quits Over Diesel Emissions Scandal

Volkswagen Boss Quits Over Diesel Emissions Scandal

Πεμ, 24 Σεπτεμβρίου 2015 - 10:49

Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, succumbing to pressure for change at the German carmaker, which is reeling from the admission that it deceived U.S. regulators about how much its diesel cars pollute

Total to Slash Spending by $3B As Oil Price Bites

Total to Slash Spending by $3B As Oil Price Bites

Πεμ, 24 Σεπτεμβρίου 2015 - 10:48

French energy group Total announced Wednesday that is was slashing capital spending, delaying the start date of several projects and upping its cost-cutting targets in a response to dramatically lower global oil prices

Conference Addresses the Huge Potential of Hydrocarbon Resources and Technical Challenges in the Black Sea and Mediterranean

Conference Addresses the Huge Potential of Hydrocarbon Resources and Technical Challenges in the Black Sea and Mediterranean

Πεμ, 24 Σεπτεμβρίου 2015 - 10:47

The inaugural Global Oil&Gas Black Sea and Mediterranean conference and exhibition, took place in Athens, Greece. Officially supported by the Greek Ministry of Reconstruction of Production, Environment and Energy the event attracted more than 30speakersand550 attendees. Among them, 11 countries represented through either NOCs or by Ministries

Bulgaria Extends Petroceltic’s Oil/Gas Exploration Permit for Galata Block

Bulgaria Extends Petroceltic’s Oil/Gas Exploration Permit for Galata Block

Παρ, 18 Σεπτεμβρίου 2015 - 18:21

Bulgaria has extended a gas and oil exploration permit for Galata offshore block granted to Petroceltic until early September 2016, the government said on Wednesday. The 411-day extension will enable Petroceltic to carry out exploration and drilling activities in the Galata Block according to itsapproved work schedule, the cabinet said in a statement following a weekly meeting