English Edition

Oil Prices Pull Back on New China Worries

Τρι, 1 Σεπτεμβρίου 2015 - 17:00

Crude-oil futures pulled back on Tuesday, giving up some of the strong gains seen in the last three sessions, as worries about China’s economy resurfaced. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $48.35 a barrel at 1025 GMT, down 1.73%. October Brent crude on London’s ICE Futures exchange fell 1.9% to $53.12 a barrel

Nord Stream 2 Agreement Will Not Be Signed at East Russia Economic Forum — Kremlin

Τρι, 1 Σεπτεμβρίου 2015 - 16:59

Signing of the Nord Stream 2 gas pipeline agreement is not planned at the East Russia Economic Forum (EREF), press secretary of the Russian President Dmitry Peskov said on Monday. "As far as I know, this piece of information is contrary to facts. No such signing is planned," Peskov said, adding that the list of energy deals planned to be executed at the EREF has not yet been finalized

Austria's OMV Sues Turkey for Pulling Out of Nabucco Pipeline Project

Δευ, 31 Αυγούστου 2015 - 19:33

Austria's OMV, the largest oil and gas company in Eastern and Central Europe, is suing Turkey and its prime minister, Ahmet Davutoglu, for pulling out of the Nabucco gas pipeline project, the Austrian business weekly Trend reported

CE/SEE Partners Eye EU Funds for Tesla Gas Pipeline Project

Δευ, 31 Αυγούστου 2015 - 19:32

A joint gas pipeline initiative backed by Serbia, FYROM, Hungary, Turkey and Greece has been submitted for possible inclusion in EU's list of Projects of Common Interest (PCI), a pre-condition for the proposed undertaking to become eligible for funding from EU resources, Hungarian natural gas transmission system operator (TSO) FGSZ said on Friday

Eni Discovers ‘Supergiant’ Gasfield Near Egypt

Δευ, 31 Αυγούστου 2015 - 19:27

Italian energy group Enihas discovered what it says is a "supergiant” gasfield off the coast of Egypt, the largest ever found in the Mediterranean Sea and which could provide a much-needed boost for the country’s economy

Obama Closer to Securing the Iran Deal

Δευ, 31 Αυγούστου 2015 - 19:24

President Barack Obama can now count on the support of 31 Senators to ratify the Iran nuclear deal

Naftogaz Requests Advance Payment from Gazprom for Russian Gas Transit

Τετ, 26 Αυγούστου 2015 - 18:50

Ukraine’s energy company Naftogaz has addressed Russian energy giant Gazprom with a proposal to make advance payments for gas transit to Europe, a Russian business daily reported Monday

Romania's OMV Petrom Plans Secondary Listing in London

Τετ, 26 Αυγούστου 2015 - 18:48

Romania's top oil and gas group OMV Petrom said on August 19 it plans to list its shares on the London Stock Exchange via global depository receipts (GDRs).OMV Petrom's shareholders will vote on the proposal at an extraordinary general meeting scheduled forSeptember 22, the company said in a statement filed with the Bucharest Stock Exchange

Bulgarian PM Points to Trans-Caspian Pipeline as Step Towards Energy Diversification

Τετ, 26 Αυγούστου 2015 - 18:47

Bulgarian Prime Minister Boyko Borisov pointed to the Trans-Caspian gas pipeline as a possible step towards the achievement of greater energy diversification. Borisov stated this during his meeting with the President of Turkmenistan Gurbanguly Berdimuhamedow in Ashgabat on Tuesday, the government's press service informs. The Trans-Caspian pipeline is projected to transfer natural gas from Turkmenistan to Azerbaijan

Fitch: EU and Gazprom Should Reach Agreement in Market Abuse Probe

Τετ, 26 Αυγούστου 2015 - 18:45

The European Commission and Gazprom will reach an agreement within the framework of the EC’s market abuse probe against the Russian company, international rating agency Fitch Ratings said on Monday

Romania Loses Trial With German Group E.On, Will Pay EUR 2 Mln

Δευ, 24 Αυγούστου 2015 - 17:08

The Romanian state will have to pay the German energy group E.On EUR 2 million compensation. The amount represents the legal costs of a dispute that Romania has filed at the arbitration court in Paris against the company, which it lost

Sputnik: Greece Attempting to Become Energy Centre in Europe

Δευ, 24 Αυγούστου 2015 - 17:07

Greece is attempting to become an energy centre in Europe in order to make its contribution to cooperation between countries, Greek Minister of Productive Reconstruction, Environment and Energy Panos Skourletis told Sputnik

Russia's Novatek to Sell 10 Pct in Yamal to Chinese Fund

Δευ, 24 Αυγούστου 2015 - 17:04

Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday