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Bosnia's Nestro Petrol Plans to Expand Network by Opening Mini Fuel Stations

Δευ, 3 Αυγούστου 2015 - 17:59

Bosnian fuel retailer Nestro Petrol plans to expand its network of petrol stations by launching the construction of seven self-service mini-stations in parking lots at several hypermarkets, Zarubezhneft’s deputy general director for downstream told SeeNews on Thursday.Zarubezneft is the owner of Optima Grupa, Nestro Petrol's parent company

Oil's Losing Streak at its Worst for the Year

Δευ, 3 Αυγούστου 2015 - 17:55

Aside for the Greek stock market, it was the price of oil that attracted the most attention on Monday morning with both the WTI and Brent closing in on their lowest price levels for the year

UK Awards 41 More Licences to Explore North Sea Oil And Gas

Παρ, 31 Ιουλίου 2015 - 16:03

The UK Oil and Gas Authority (OGA) has awarded 41 new licences to explore the UK Continental Shelf in the North Sea. The new licences are in addition to the 134 confirmed in late-2014, which bring the total to 175 licences to explore 353 blocks

EWEA: Offshore Wind Industry Sets Record Year for Installations in First Half of 2015

Παρ, 31 Ιουλίου 2015 - 15:59

In the first six months of 2015, the European offshore wind industry installed more new capacity than in any other year on record as several projects reached completion and deployment of larger turbines increased

Croatia: Marathon and OMV Hand Back Croatia Oil Exploration Licences

Παρ, 31 Ιουλίου 2015 - 15:58

Houston-based Marathon Oil and Austrian energy group OMV returned seven offshore oil and gas exploration licences to Croatia, an OMV spokesman said on Wednesday, as a slump in oil prices forces the oil industry to cut investment. Croatia, hoping to boost its oil and gas sector, had awarded the licences to a consortium formed by the two companies in January, with Marathon as the operator holding a 60-percent stake and OMV the rest

OPEC Says Able to Accommodate Iran Return

Παρ, 31 Ιουλίου 2015 - 15:56

OPEC Secretary General Abdullah al-Badri says the organization will be able to make room for Iran’s barrels when the country restores production to the levels before sanctions

Oil Price Flux Unlikely to Hit Long-Term Sector Growth

Τρι, 28 Ιουλίου 2015 - 20:13

The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding

Turkey is Well Placed and an Increasingly Significant Hub for Oil and Natural Gas Transit-US

Τρι, 28 Ιουλίου 2015 - 20:11

Turkey is well placed and an increasingly significant hub for oil and natural gas transit from the Middle East, Central Asia and Russia to Europe and the Atlantic, the U.S. Energy Information Administration (EIA) has said

EU Commissioner for Energy Union Maros Sefcovic to Visit Bulgaria on September 15

Τρι, 28 Ιουλίου 2015 - 20:09

European Commission Vice-President in charge of Energy Union Maros Sefcovic is to visit Bulgaria on September 15. The visit of Sefcovic to Bulgaria will be part of his Energy Union Tour, which was launched in May

BP Records Another Fall in Profit

Τρι, 28 Ιουλίου 2015 - 14:49

Oil giant, British Petroleum (BP), recorded the worst profit in 10 years mainly due to Libya Write-off, trading and the need to cover the costs of the Deepwater Horizon tragedy. According to Bloomberg, BP profit adjusted for one-time items and inventory changes dropped to $1.3 billion in the second quarter, 64 percent lower than a year earlier

TAP Awards Technip PMC Services Contract

Δευ, 27 Ιουλίου 2015 - 14:52

The Trans Adriatic Pipeline (TAP) AG, the project company in charge of the namesake gas pipeline project, awarded French engineering group Technip a project management consultancy (PMC) services contract, Technip said

Germany's Voith Hydro Shows Interest in Hydro Power Facilities in Montenegro

Πεμ, 23 Ιουλίου 2015 - 16:34

Germany’s Voith Hydro is interested in participating in the construction of hydro power facilities on rivers in Montenegro, Elektroprivreda Crne Gore (EPCG) said.Montenegro is utilizing only 17% of its total hydroelectric potential and if the conditions for the construction of new power plants on the rivers Moraca, Komarnica, Lim, Cehotina and Tara are created, Voith Hydro would likely participate in these projects, EPCG reported in its monthly bulletin, quoting the regional sales manager of the German company, Prerag Kunic

London Economy Vulnerable to Climate Change, Assembly Report Finds

Πεμ, 23 Ιουλίου 2015 - 16:33

Mayor Boris Johnson urged to act as over half of the largest 100 companies listed on London Stock Exchange are found to have no plans to deal with climate risks. London’s economy is increasingly vulnerable to climate change because of the city’s status as a global financial centre and the international connections of its businesses, a report by the London assembly has found

Iran May Start LNG Supplies to Europe in 5-10 Years — Deputy Oil Minister

Πεμ, 23 Ιουλίου 2015 - 16:32

Iran may start liquefied natural gas (LNG) supplies to Europe in 5-10 years, Iran’s Deputy Oil Minister Amir Hossein Zamaninia told TASS on Thursday

EU Leaders Sign a Plan to Mobilize €315 bn for Investment

Πεμ, 23 Ιουλίου 2015 - 16:30

In Europe there is a serious problem of under investment, especially in European infrastructure, which could boost employment. Still, that is "a plan" not real money.

Romania: Nuclearelectrica Informs that its Units are Working in Conditions of Nuclear Safety

Τετ, 22 Ιουλίου 2015 - 19:45

SN Nuclearelectrica SA informs that Units 1 and 2 of CNE Cernavoda are working properly and in conditions of nuclear safety, and are not affected by the lowering of the Danube River levels reported by the National Institute of Hydrology and Water Management (INHGA)