English Edition

Germany’s KfW Intends to Lend EUR 100M to Back Bulgaria’s Energy Efficiency Programme

Τρι, 13 Οκτωβρίου 2015 - 17:41

Germany’s KfW Development Bank has signed a letter of intent with state-owned Bulgarian Development Bank (BDB) to lend EUR 100 M to finance Bulgaria’s programme for boosting the energy efficiency of multi-family residential buildings. The funds will help the activitities of small and medium enterprises in Bulgaria, the BDB said in a statement after the signing of the letter of intent in Berlin on Monday

Oil Glut to Stay in 2016 as IEA Sees Slower Demand Growth

Τρι, 13 Οκτωβρίου 2015 - 17:40

Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said

Bulgaria's Bulgartransgaz Launches 12.3 Mln Euro Gas Pipeline

Δευ, 12 Οκτωβρίου 2015 - 16:54

Bulgarian gas transmission system operator Bulgartransgaz launched on Friday a 12.3 million euro ($13.97 million) gas pipeline connecting the town of Silistra, in the northeast of the country to the national gas transmission network, the European Bank for Reconstruction and Development (EBRD) said on Friday

Indian Refiners Set to Pay Second $700 Mil Tranche of Iran Oil Dues: Sources

Δευ, 12 Οκτωβρίου 2015 - 16:50

Indian refiners with outstanding dues for the import of crude oil from Iran are set to make their second tranche of payments, pegged at the rupee equivalent of $700 million, on Tuesday, two oil industry sources said Monday. The payments by Essar Oil and Mangalore Refinery & Petrochemicals Ltd, two of India's biggest importers of Iranian oil, would be similar to the amounts they paid in the first tranche on September 30, sources said

Russia Resumes Gas Supply to Ukraine

Δευ, 12 Οκτωβρίου 2015 - 16:45

Russia's gas monopoly Gazprom resumed supplies to Ukraine Monday, in a development that will help the country meet its energy needs through the harsh winter months. Gazprom CEO Alexei Miller said supplies, which were suspended in the spring, recommenced earlier after the company received $234 million out of a promised $500 million prepayment from Kiev

Ukraine Looks to Kazakhstan for Supply of Power Stations

Δευ, 12 Οκτωβρίου 2015 - 16:43

At bilateral meeting of the Presidents of Ukraine and Kazakhstan on October 9, the two sides discussed a wide range of issues related to bilateral cooperation, including trade and economic sphere, fuel and energy and agro-industrial complexes

Ocean Rig’s Fleet Update Adds Uncertainty To Outlook

Παρ, 9 Οκτωβρίου 2015 - 18:37

Rough seas could be ahead for offshore drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG), which warned that several of its rigs could be without work after wrapping up existing jobs. In an Oct. 7 fleet status update the international ultra-deepwater and harsh-environment specialist said two rigs started contracts for work offshore Angola and three others are in the process of completing wells—one each offshore the Falklands, Norway and Brazil

TurkStream Delay

Πεμ, 8 Οκτωβρίου 2015 - 12:00

With growing European demand, Gazprom plans two additional pipelines to send Russian gas to Europe -- Nord Stream 2 across the Baltic Sea, and TurkStream across the Black Sea. While Nord Stream 2 project has been gaining speed, TurkStream has seen its envisaged capacity halved and is facing a construction delay, possibly to end-2017, Medvedev said, adding however, that a year's delay, will not be critical for the company's plans

China's ICBC Bank Offering Loan to Bulgarian Energy Holding

Πεμ, 8 Οκτωβρίου 2015 - 11:49

The Industrial and Commercial Bank of China (ICBC) is likely to become the single company to make a binding offer the Bulgarian Energy Holding (BEH) as the energy structure is looking for a loan of EUR 650 M to pay off debts

Bankers Petroleum's Q3 Avg Daily Output from Albanian Oilfields Falls q/q

Πεμ, 8 Οκτωβρίου 2015 - 11:30

Canadian company Bankers Petroleum said on Wednesday its third-quarter average production from the Patos-Marinza and Kucova oilfields in Albania totalled 19,598 barrels of oil per day, down 2.0% on the quarter

German Households Face Rising Green Power Surcharge

Τετ, 7 Οκτωβρίου 2015 - 14:05

A green energy surcharge levied on German consumers to support renewable power generation is likely to rise next year, despite government efforts to rein in the costs of the planned transition to a low-carbon economy, green energy group BEE said on Wednesday

Bulgaria 'Seeking to Become Hub for Russian Gas'

Τετ, 7 Οκτωβρίου 2015 - 14:00

Bulgaria has not set for itself the goal of becoming a key hub for gas produced by Russian energy giant Gazprom, according to a Russian daily. Izvestiya quotes Bulgaria's Deputy Energy Minister Anton Pavlov as saying that Sofia would demand an extension to the so-called Turkish Stream gas pipeline which is to replace South Stream

BP to Pay $20bn for Gulf of Mexico Oil Spill

Τετ, 7 Οκτωβρίου 2015 - 13:58

UK oil company BP has agreed to pay more than $20 billion (£13bn) to resolve all claims from the Gulf of Mexico oil spill in 2010. The US Department of Justice made the announcement, of what is said to be the largest settlement with a single entity in American history