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June 10: IENE to Organize Open Forum on Hydrocarbon Exploration and Production in Greece and the East Mediterranean in Athens

Δευ, 18 Μαΐου 2015 - 16:17

The Institute of Energy for SE Europe (IENE) is organizing an Open Forum on “Hydrocarbon Exploration and Production in Greece and the East Mediterranean”, which is to be held on June 10, 2015, in Athens. Main discussion topic of this event will be the strategy for developing Greece’s hydrocarbon resources

Slovenian Fuel Retailer Petrol Q1 Cons Net Profit Up 3% Y/Y

Δευ, 18 Μαΐου 2015 - 16:06

Slovenian energy company Petrol, said on Friday its consolidated net profit rose 3% on the year to 13.3 million euro ($15.2 million) in the first quarter of 2015.

Romanian Power Utility Electrica's Cons Net Profit Rises 32.2% Y/Y in Q1

Δευ, 18 Μαΐου 2015 - 16:04

Romanianpower supplier and distributor Electrica, said on Friday its consolidatednet profit jumped32.2% on the year to 126.8million lei ($32.5 million/28.5 million euro) in the first quarter of 2015, while gross profit climbed by only 15%.

Serbia’s Energoprojekt Holding Q1 Non-Cons Net Profit Drops

Δευ, 18 Μαΐου 2015 - 16:02

Serbia’s Energoprojekt Holding, said on Friday its non-consolidated net profit dropped 52% on the year to 19 million dinars ($179,000/158,000 euro) in the first quarter of 2015.

Sleepless in Seattle: Shell Readies for Arctic Drilling

Παρ, 15 Μαΐου 2015 - 18:05

Royal Dutch Shell is moving ahead with plans to park two Arctic oil drilling rigs in Seattle amidst a showdown between environmentalists and oil exploration advocates over tapping reserves in the remote Arctic Ocean off Alaska’s coast.

Romania’s Nuclearelectrica Net Profit Rises 11% Y/Y in Q1

Παρ, 15 Μαΐου 2015 - 17:37

Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, said on Thursday itsnet profit rose 11% on the year to 35.4 million lei($9 million/7.9 million euro) in the first quarter of 2015.

EU Urges Slovenia to Set Privatisation NPL Resolution Targets

Παρ, 15 Μαΐου 2015 - 17:33

The European Commission (EC) has urged Slovenia to set specific targets for bringing down non-performing loans (NPLs) and to adopt a strategy for the operation of state holding company SDH, which is in charge of the privatisation processes in the country.

The Planned Bi-Directional Gas Interconnector With Bulgaria Would Diversify Serbia ’s Supply Options

Πεμ, 14 Μαΐου 2015 - 17:33

European Neighbourhood Policy and Enlargement Negotiations Commissioner Johannes Hahn has said that Brussels is interested in funding major infrastructure projects in Serbia, including a gas interconnection with Bulgaria, the Serbian government said.

Iran Nuclear Deal Triggers Rift Between Traditional Allies

Πεμ, 14 Μαΐου 2015 - 16:26

Nuclear talks between Iran and six world powers resumed in Vienna on May 12. The members of the UN Security Council (U.S., Britain, France, Russia and China) plus Germany are aiming to finalize a deal with Iran by June 30 regarding its nuclear program.

Romanian Govt Oks Up to 40 Mln Lei (9 Mln Euro) Loan to Hunedoara Energy Holding

Πεμ, 14 Μαΐου 2015 - 15:54

The Romanian government said on Wednesday it has given the green light to the finance ministry to lend up to 40 million lei ($10.1million/9 million euro)tostate-owned electricity and heat producerComplexul Energetic Hunedoara for a period of 90 days.

Romania's Transgaz Net Profit Drops 12% Y/Y in Q1

Πεμ, 14 Μαΐου 2015 - 15:51

Romanian gas transmission company Transgaz said on Wednesday its net profit fell 12% on the year to 199.3 million lei($50.3 million/44.8 million euro) in the first quarter of2015,on lower revenues.

Montenegrin Power Utility EPCG Q1 Net Profit Drops 3.6% Y/Y

Πεμ, 14 Μαΐου 2015 - 15:47

Montenegrin state-controlled power utility Elektroprivreda Crne Gore (EPCG) said on Wednesday its net profit fell 3.6% on the year to 13.4 million euro ($15 million) in the first quarter of 2015.

Regional Economic Development Could Trigger Change in Azerbaijan

Τετ, 13 Μαΐου 2015 - 18:32

Even a marathon starts with the first step. So, some food for thought can inspire changein Azerbaijan. In this country many see a lack of political reform and areworried about the human rights situation and minorities.

Romanian Natgas Producer Romgaz Net Profit Falls 7.5% Y/Y in Q1

Τετ, 13 Μαΐου 2015 - 18:07

The net profit of Romanian natural gas producer Romgaz, fell 7.5% on the yearto 563 million lei ($141.4 million/126.3 million euro)in the first quarter of 2015on lower demand, especially from fertilizer producers,the company said on Tuesday.

Ascent Resources Secures Loan to Help Fund Gas Project in Slovenia

Τετ, 13 Μαΐου 2015 - 18:06

UK-listed oil and gas production and exploration company Ascent Resources said on Tuesday it has secured with Henderson Global Investors Limited a 7 million British pound ($10.9 million/9.7 million euro) loan facility to help fund the development stage of the Petisovci tight gas project in Slovenia.

Romania's Energy Output Rises 4.9% Y/Y in Q1

Τετ, 13 Μαΐου 2015 - 18:03

Romania's energy output roseby an annual 4.9% in the first quarter of the year, while imports increased by 4.5%, the statistics office, INS, said on Tuesday.