English Edition

Saudi Strategy Pushes US Shale Oil off the Energy Market

Τετ, 11 Νοεμβρίου 2015 - 13:42

According to a report published by the International Energy Agency (IEA) on Tuesday, OPEC’s global market share in oil is poised to expand by 2020 as non-conventional oil producers are pushed out of the market. This baseline scenario envisages a 50$ a barrel price until 2017. Thereon, prices are likely to surge until they recover to $80 a barrel

Croatian Municipality to Receive €9.2 Million Loan for Waterworks

Τετ, 11 Νοεμβρίου 2015 - 13:41

The European Bank for Reconstruction and Development (EBRD) is supporting improvements to the wastewater network in the Croatian city of Sisak and neighbouring municipalities with a €9.2 million loan. The funds will be provided to Sisački vodovod, the local water supply and wastewater company, for the financing of the construction of a new wastewater treatment plant and upgrades and extensions to the municipal wastewater network

Regional Energy Issues to Be Discussed at Length in Forthcoming IENE Annual Conference

Τετ, 11 Νοεμβρίου 2015 - 13:38

With SE Europe now confronting a number of major economic and social challenges, energy security and the need to diversify the region’s hydrocarbon dependent energy mix is at the forefront of discussions among the countries but also at EU level

Turkey’s Potential in Wind Energy is Not Limited to Power Generation Only

Τρι, 10 Νοεμβρίου 2015 - 18:22

Turkey’s potential in wind energy is not limited to power generation only, according to the head of the country’s investment promotion agency, Arda Ermut. Speaking at the 4. Turkish Wind Energy Congress held in Ankara, the President of the Investment Support and Promotion Agency of Turkey (ISPAT) said that Turkey held the potential to become a hub for wind turbine manufacturing, the crucial element of a wind farm

France24: Environmental Crime Fourth Most Profitable Operation for Organised Crime

Τρι, 10 Νοεμβρίου 2015 - 18:21

Environmental crime is now the fourth more profitable operation for organised crime, being only behind from drug trafficking, counterfeiting and human trafficking

IEA: Low Prices Should Give No Cause for Complacency on Energy Security

Τρι, 10 Νοεμβρίου 2015 - 18:19

An extended period of lower oil prices would benefit consumers but would trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short, says the International Energy Agency (IEA) in the 2015 edition of itsflagshipWorld Energy Outlook publication(WEO-2015)

Thousands of Israelis Protest Against Gas Agreement

Δευ, 9 Νοεμβρίου 2015 - 18:10

Demonstrators in Tel Aviv, Haifa and Jerusalem called the agreement with Delek Group and Noble Energy robbery. Last night, thousands of Israelis took part in demonstrations in Tel Aviv, Haifa, and Jerusalem, demanding a halt to the state's agreement with the gas exploration companies with Delek Group, controlled by Yitzhak Tshuva, and US company Noble Energy

Head of OMV Pledges Nord Stream-2 Will be Built in Compliance with Third Energy Package

Δευ, 9 Νοεμβρίου 2015 - 18:09

The second stage of the Nord Stream pipeline can be implemented in accordance with the requirements of the EU Third Energy Package, Chief Executive Officer of OMV Rainer Seele told an energy conference in Vienna

Navigating the Energy Revolution

Δευ, 9 Νοεμβρίου 2015 - 18:08

For decades, the international energy landscape has been relatively stable, with producers like Saudi Arabia, Iran, and Algeria selling oil and gas to consumers in the United States and Europe. In a few years, however, the energy terrain is likely to be unrecognizable, as dramatic technological, economic, and geopolitical changes reshape commercial relationships worldwide

New Bill a Blow to Nigeria’s Oil Market

Πεμ, 5 Νοεμβρίου 2015 - 17:22

A long-awaited oil law is reportedly set to pass through parliament, unlocking billions of dollars in frozen investments. As reported by the online news site Live Trading News, the Petroleum Industry Bill (PIB) has been gathering dust since 2008 because of disagreements between the government and global oil majors over its terms

The Head of the Croatian Hydrocarbon Agency Visits the Energean Facilities in Prinos

Πεμ, 5 Νοεμβρίου 2015 - 16:55

Energean Oil & Gas, is pleased to announce that Mrs. Barbara Doric, Head of the Croatian Hydrocarbon Agency, visited the Prinos Oil Field facilities in the Gulf of Kavala. Mrs. Doric and her colleagues visited the offshore production platforms and the drilling rig “Energean Force” , which is currently drilling the first of 15 wells that the operators is planning to drill in the area in the next two years aiming to increase production to 10,000 bbls/day

Vestas Soars on Higher 2015 Forecasts and Share Buyback

Πεμ, 5 Νοεμβρίου 2015 - 16:53

Vestas Wind Systems raised its 2015 profit forecast on Thursday and said it would buy back shares after stronger than expected third-quarter results, sending its shares to their highest in over six years

Bulgaria Border Security System 'Out of Service over Unpaid Electricity Bills'

Πεμ, 5 Νοεμβρίου 2015 - 16:51

State-of-the art border monitoring equipment has been installed at the Bulgarian-Turkish border but it is "out of service. Police have no money for electricity," German magazine Der Spiegel's website notes. Citing official documents, it also suggests the number of people crossing Bulgaria's border without being caught might be "enormous"