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Total to Slash Spending by $3B As Oil Price Bites

Total to Slash Spending by $3B As Oil Price Bites

French energy group Total announced Wednesday that is was slashing capital spending, delaying the start date of several projects and upping its cost-cutting targets in a response to dramatically lower global oil prices

Conference Addresses the Huge Potential of Hydrocarbon Resources and Technical Challenges in the Black Sea and Mediterranean

Conference Addresses the Huge Potential of Hydrocarbon Resources and Technical Challenges in the Black Sea and Mediterranean

The inaugural Global Oil&Gas Black Sea and Mediterranean conference and exhibition, took place in Athens, Greece. Officially supported by the Greek Ministry of Reconstruction of Production, Environment and Energy the event attracted more than 30speakersand550 attendees. Among them, 11 countries represented through either NOCs or by Ministries

Bulgaria Extends Petroceltic’s Oil/Gas Exploration Permit for Galata Block

Bulgaria Extends Petroceltic’s Oil/Gas Exploration Permit for Galata Block

Bulgaria has extended a gas and oil exploration permit for Galata offshore block granted to Petroceltic until early September 2016, the government said on Wednesday. The 411-day extension will enable Petroceltic to carry out exploration and drilling activities in the Galata Block according to itsapproved work schedule, the cabinet said in a statement following a weekly meeting

Bulgaria Will Score Substantial Gain from EU Energy Union - Sefcovic

Bulgaria Will Score Substantial Gain from EU Energy Union - Sefcovic

Bulgaria is among those poised to score the biggest gain from the European Energy Union in terms of energy security, improved connectedness with neighbor countries, and energy diversification, according to Maros Sefcovic, Vice President of the European Commission, in charge of Energy Union

Turkish Stream First Line Launch Postponed- Gazprom

Turkish Stream First Line Launch Postponed- Gazprom

The launch date of the first line of the Turkish Stream project has been postponed due to the political crisis in Turkey, Gazprom Deputy CEO Alexander Medvedev said on Sept. 14, as quoted by Russia’s TASS News Agency

Russia Moves to Syria?

Russia Moves to Syria?

Russia has sent some of its most modern battle tanks, moving forward with its plans on establishing a new air base in Syria, the Pentagon said on Monday

23 - 24 September, 2015: Athens to Host «Global Oil & Gas Black Sea and Mediterranean Exhibition and Conference»

23 - 24 September, 2015: Athens to Host «Global Oil & Gas Black Sea and Mediterranean Exhibition and Conference»

For the first time, Athens will be hosting this month the most important Oil & Gas international exhibition and conference in the Black Sea and Mediterranean region. Executives of NOC’s and senior government officials from 11 countries, 31 eminent internationalspeakers and 25 distinguished exhibitors are participating in the 3rd Global Oil & Gas Black Sea and Mediterranean Exhibition and Conference to be held in Athens, Greece, on 23 - 24 September, 2015

Bulgarias NPP Kozloduy Shuts 1,000 MW Unit for Scheduled Overhaul

Bulgaria's NPP Kozloduy Shuts 1,000 MW Unit for Scheduled Overhaul

Bulgaria's sole nuclear power plant (NPP) Kozloduy said it shut down its 1,000 MW Unit 6 on Saturday for planned annual overhaul.The unit's overhaul is expected to be completed by the end of October, the plant said in a press release over the weekend

G.E. Gets European Regulators’ Approval to Buy Alstom Power Unit

G.E. Gets European Regulators’ Approval to Buy Alstom Power Unit

General Electric on Tuesday overcame the last big hurdle to the largest acquisition in its history, a $13.5 billion deal for the power business of Alstom of France, after European officials agreed that G.E. had adequately addressed their antitrust concerns

Qatar Sends 1,000 Troops to Yemen

Qatar Sends 1,000 Troops to Yemen

Qatar has sent 1,000 ground troops to Yemen, according to a report by Al Jazeera television. Many fear that violence in the already war-torn country might escalate even more as the Arab coaltion forces are preparing to launch a major ground attack

Petronas Said to Mull Buying Statoil’s Stake in TAP Project

Petronas Said to Mull Buying Statoil’s Stake in TAP Project

Malaysia’s state-owned energy company is considering acquiring Statoil ASA’s stake in a gas pipeline into Europe from the Caspian basin, two people with knowledge of the matter said. Petroliam Nasional Bhd, also known as Petronas, may buy Norway’s biggest energy company’s 20 percent stake in the project, said the people, who asked not to be identified as the process is confidential

«Global Oil & Gas Black Sea and Mediterranean Conference 2015» to Focus on Latest Regional Hydrocarbons Activity and Developments

«Global Oil & Gas Black Sea and Mediterranean Conference 2015» to Focus on Latest Regional Hydrocarbons Activity and Developments

All the latest hydrocarbon activity and developments in the Black Sea, East Med, Ionian and Aegean Seas will be covered in the Global Oil & Gas Black Sea and Mediterranean Exhibition and Conference (www.global-oilgas.com) to be held in Athens, Greece, on 23 - 24 September, 2015. Jointly hosted by ITE Group plc, the London-based global leader in conferences and exhibitions and Greece’s leading event organizer, ROTA SA, this major exhibition and conference event will have the Institute of Energy for SE Europe (IENE) as its official Partner