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RWE Commissions 16 MW Hungarian Solar Park

Τετ, 21 Οκτωβρίου 2015 - 14:31

RWE, a German clean energy developer, has successfully commissioned a 16 MW solar PV plant in Hungary. Planning of the solar array first began in early 2013 and this week the plant was finally completed after just three months of construction, becoming in the process the largest PV farm in the country

Largest Romanian Oil & Gas Producer Sees Lower Output

Τετ, 21 Οκτωβρίου 2015 - 14:29

Romanian oil & gas group OMV Petrom’s hydrocarbon production dropped by 2.2% in the third quarter of the year compared to the same period of 2014, to some 174,000 boe per day. The decrease was due to the company’s workover at several important wells during this period

Finland’s Energy Decisions Questioned

Τετ, 21 Οκτωβρίου 2015 - 14:25

Finland’s energy decisions are based on misleading data from the International Energy Agency, according to professors at the Lappeenranta University of Technology (LUT). They have warned the agency has underestimated the potential of renewable energy sources

Two Greek Industrial Groups Consider Moving their Headquarters Abroad

Τρι, 20 Οκτωβρίου 2015 - 19:35

Two major industrial groups listed on reece's Athens Exchange are said to be on the verge of deciding to move their headquarters abroad in 2016, Kathimerini understands. According to sources, their main shareholders believe that the government is being too slow in its effort to change the economic climate and personal discussions with cabinet members have suggested that entrepreneurship in Greece is not a priority for the country’s administration

Naftogaz Offers Gas Transportation Capacities for Import from Europe

Τρι, 20 Οκτωβρίου 2015 - 19:34

Ukrainian company Naftogaz offered its gas transportation capacities on the western border for gas imports from the European Union to the interested companies, the company’s press service said Tuesday

Genel Cuts Forecasts as Iraqi Kurdistan Owes More Than $400 Mln

Τρι, 20 Οκτωβρίου 2015 - 19:31

Genel Energy, one of the main oil producers in Iraqi Kurdistan, has cut its full-year production and revenue forecasts after reducing investment because of weak prices and a debt it says is owed by the Kurdistan Regional Government (KRG). The London-listed company, which says is owed around $400 million, said on Tuesday it will not invest in increasing production at its oilfields until the KRG makes regular payments for exports

US, Alaska to Drop Exxon-Valdez Litigation

Παρ, 16 Οκτωβρίου 2015 - 16:14

The US and Alaska yesterday said they will stop pursuing from ExxonMobil an additional $92mn in environmental restoration costs related to the 1989 Exxon Valdez oil spill, bringing a close to more than two decades of litigation against the company

Bulgaria Plans to Raise State Guarantee for IGB Pipeline to 110 Mln Euro

Παρ, 16 Οκτωβρίου 2015 - 16:13

Bulgaria plans to increase the state guarantee for the Interconnector Greece-Bulgaria (IGB Pipeline) project by 30 million euro ($34.2 million) to 110 million euro, Bulgaria's energy minister said on Thursday

Iraqi Forces and Militia Seize Most of Baiji Refinery - Officials

Παρ, 16 Οκτωβρίου 2015 - 16:10

Iraqi forces and Shi'ite militia fighters recaptured most of the country's largest oil refinery from Islamic State militants on Thursday, security officials said

IGI Poseidon Ready to Sign FID on IGB Pipeline by end-Nov

Παρ, 16 Οκτωβρίου 2015 - 16:07

IGI Poseidon, a 50/50 partnership between DEPA, the Public Gas Corporation of Greece, and Italy's Edison, is ready to sign a final investment decision (FID) on the Gas Interconnector Greece-Bulgaria by the end of November, a senior DEPA official said on Thursday

Russia's Gazprom Neft Oil Production Up 20% in 9 Months — CEO

Τετ, 14 Οκτωβρίου 2015 - 16:13

The oil productionof Russia's Gazprom Neft inthe first 9 months of 2015 hasincreased by 20%, the company’s CEO Alexander Dyukov told journalists "The production of hydrocarbons has increased by 20%. It is based on the results for 9 months, and the results of the year will be clear in December," he said

Turkish Petroleum to Enter LPG Sector

Τετ, 14 Οκτωβρίου 2015 - 16:13

Turkey's state-owned fuel oil network, Turkish Petroleum Oil Distribution Company (TP), has decided to start operations in the LPG sector, head of the company said on Wednesday. TP's head said that the company plans to deliver LPG to its gas stations starting from mid-2016

New Switzerland-France Link to Open Market for North African, Azeri Gas

Τετ, 14 Οκτωβρίου 2015 - 16:12

French utility Engie’s gas transport business GRTgaz plans to create a link from Switzerland to France that will allow Algerian, Libyan and Azeri gas to be shipped to northern Europe via Italy in coming years