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SEEPEX Has Successfully Launched the Serbian Day-Ahead Market

Πεμ, 18 Φεβρουαρίου 2016 - 18:48

SEEPEX, the South East European Power Exchange, has successfully launched the Serbian Day-Ahead market, with 1,925 MWh being traded on the first day. Baseload, the average price of all hourly prices of the day, came out at 23.83 €/MWh

Bulgaria, Romania to Have Gas Interconnector in H2 of 2016

Παρ, 12 Φεβρουαρίου 2016 - 18:54

Gas interconnector between Bulgaria and Romania will be built in the second half of 2016. Bulgarian Minister Temenuzhka Petkova announced the news, speaking at a sitting of the parliamentary committee on energy, REGNUM reported

OMV Prepares to Sell Turkish Subsidiary

Παρ, 12 Φεβρουαρίου 2016 - 18:53

OMV AG is selecting advisors to assist with the sale of part or all of OMV Petrol Ofisi AS, a wholly owned wholesale and retail oil-products distributor in Turkey. The subsidiary, with 1,785 fuel stations, has the largest retail network in the country, along with extensive storage and logistics assets

Russian State Oil Asset Sale Attracts Lukoil Interest

Παρ, 12 Φεβρουαρίου 2016 - 18:51

Oil major LUKOIL has told the Russian government it wants to buy mid-sized rival Bashneft, with the state still studying whether to sell a controlling or minority stake in the firm to plug a budget deficit, sources told Reuters

Turkey Adds Record High Installed Wind Capacity in 2015

Δευ, 8 Φεβρουαρίου 2016 - 17:19

Turkey added a record high 956 megawatts (MW) of installed capacity to reach 4,718 MW in total wind capacity in 2015, according to Turkish Wind Energy Association Wind Report released on Sunday

Serbia Close to Agreement to Privatise Serbia's Smederevo Steel Mill

Δευ, 8 Φεβρουαρίου 2016 - 17:17

An agreement with a Chinese investor to privatise Serbia's Smederevo steel mill can be expected to be signed in April, says Bojan Bojkovic, a member of the mill's supervisory board

Nuclear Fusion Experiment Marks First Success

Δευ, 8 Φεβρουαρίου 2016 - 17:16

A nuclear fusion experiment in Germany marked its first success as the scientists involved managed to create a nuclear fusion plasma which lasted for just a fraction of a second

Iran, Greece Sign Economic MoUs to Further Bilateral Ties

Δευ, 8 Φεβρουαρίου 2016 - 17:14

Tehran and Athens signed three political and economical MoUs on Monday. Iran’s first Vice President Es’hagh Jahangiri officially welcomed Greek Prime Minister Alexis Tsipras at S'adabad Palace on Monday and discussed bilateral issues and cooperation between the two countries

Shell Turkey Sees TL 16 Billion in Profit in 2015

Παρ, 5 Φεβρουαρίου 2016 - 16:14

Shell Turkey earned more than 16 billion Turkish liras in 2015 with growth in long-term investments outperforming market expectations, Shell Turkey Chairman Ahmet Erdem said in a recent interview with the Anadolu Agency's energy desk

Shell, Statoil Earnings Decline as Oil Price Drags

Παρ, 5 Φεβρουαρίου 2016 - 16:13

Oil giants Royal Dutch Shell and Statoil reported steep declines in earnings as lower crude prices continue to inflict pain on major oil companies

ELPE and Energean Land Greek Gas Search Blocks

Παρ, 5 Φεβρουαρίου 2016 - 16:12

Greece has awarded concessions to Hellenic Petroleum (ELPE) and Energean Oil & Gas for onshore gas exploration and exploitation in three fields in the west of the country, the Energy Ministry in Athens said on Thursday

Russia’s Oil Export Down 0.7% in Jan to 20.7 Mln Tonnes — Statistics

Τετ, 3 Φεβρουαρίου 2016 - 12:50

Russia’s crude oil export equaled 20.71 mln tonnes in January 2015, a 0.7% or 903,400 tonnes decrease year-on-year, according to the documents published by the Central Dispatching Department of Fuel Energy Complex. Particularly, exports to CIS countries rose by 0.8% to 1.982 mln tonnes while supplies to non-CIS countries dropped by 0.9% to 18.728 mln tonnes

EU Parliament to Vote on New Emissions Test Rules

Τετ, 3 Φεβρουαρίου 2016 - 12:49

The European Parliament on February 3 is scheduled to vote on a new system for testing whether cars breach limits on dangerous nitrogen oxides (NOx). The plan is in response to the recent scandal involving German carmaker Volkswagen, which admitted to manipulating emissions test data