English Edition

HELLENIC PETROLEUM: Positive Results on Strong Benchmark Refining Margins and High Exports

Πεμ, 28 Μαΐου 2015 - 18:46

The Board of Directors of HELLENIC PETROLEUM approved today the Group’s consolidated financial statements of 1Q15. A positive set of results driven by strong benchmark refining margins, increased exports and improved performance of all business units, both in Greece and abroad.

ENI Discovers Hydrocarbons Offshore Libya

Πεμ, 28 Μαΐου 2015 - 18:15

Italian energy company ENI, the largest producer in Libya, said it has discovered gas and condensates offshore, in the Bouri North exploration prospect in Area D.

Montenegro's EPCG Installs Undersea Power Cable in Bay of Kotor

Πεμ, 28 Μαΐου 2015 - 16:29

Montenegrin state-controlled power utility EPCG said it has installed a 35 kV undersea cable in the Bay of Kotor, completing an investment project worth 250,000 euro ($272,500).

Romanian Energy Holding Co Oltenia to Lay Off 2,133

Πεμ, 28 Μαΐου 2015 - 16:22

Romanian state-controlled energy holding company Complexul EnergeticOltenia will lay off 2,133 employees this year and will implementrestructuring measures aimed at boosting its efficiency,the government said in a statement on Wednesday.

Bosnia’s Q1 Net Electricity Output Edges Down 0.8% Y/Y

Πεμ, 28 Μαΐου 2015 - 16:15

Bosnia’s net electricity output ticked down 0.8% on the year to4,192 GWh in the first quarter of 2015, the country's statistics office said.

New Silk Road to Boost Asian Oil and Gas Development

Τετ, 27 Μαΐου 2015 - 16:23

Astana’s new initiative to realise such a great infrastructural project as the New Silk Road taking into consideration the economical and geopolitical conditions may become an excellent impulse for development of oil and gas infrastructure in Asian region, said Matthew J Sagers, a leading expert on power industry of the Caspian region.

Iran Denies Helping Iraq Battle ISIS for Oil Refinery

Τετ, 27 Μαΐου 2015 - 16:13

Iran denied allegations that Iranian forces were fighting in Iraq to regain control over the Beiji oil refinery. “We have sent no military forces to Iraq,” Iran’s deputy Foreign Minister Hossein Amir Abdollahian said on May 25 from Moscow.

Fintel Energia Signs Non-Binding Deal With Erste Bank for Wind Project in Serbia

Τετ, 27 Μαΐου 2015 - 16:06

Italy's Fintel Energia Group said on Tuesday it has signed with Erste Bank a non-binding term-sheet for the financing of the 9.9 MW Kosava 2 wind farm in the northern Serbian town of Vrsac.

Serbia to Cut Gas Tariffs by Around 5% as of June 1

Τετ, 27 Μαΐου 2015 - 16:04

Serbia's energy regulator, AERS, said on Tuesday it will cut gas prices by around 5% as of June 1.

Germany's KfW to Lend 48 Mln Euro for Renewable Energy Projects in Bosnia

Τετ, 27 Μαΐου 2015 - 16:00

Bosnia and Germany signed on Tuesday an agreement on financial assistance that will open the way for German bank KfW to lend 48 million euro ($52.4 million) for renewable energy projects in Bosnia, the German embassy in Sarajevo said.

Botas Ex-CEO Says Putin΄s Turkish Stream Will Beat EU’s Pipeline

Τρι, 26 Μαΐου 2015 - 18:37

Russian President Vladimir Putin wants to show Europe that he can complete the Gazprom-backed Turkish Stream pipeline before the EU wraps up the Southern Gas Corridor, an Ex-CEO of Turkey’s Botas told New Europe.

Germany Unexpectedly 0ptimistic on Greece

Τρι, 26 Μαΐου 2015 - 18:28

European shares fell Tuesday as markets reopened after holidays in several countries, as concerns overGreece’sdebt crisis overshadowed news from China of support for new infrastructure projects.

UK Energy Firm Suspends Ukraine License to Drill

Δευ, 25 Μαΐου 2015 - 19:27

UK - based energy firm JKX Energy, which is leading shale exploration and production in Ukraine, said it was granted more areas for work in the former Soviet republic, though the cost of business was still prohibitive to drilling.

Uzbekistan Energises Relations with EU

Δευ, 25 Μαΐου 2015 - 14:56

Uzbekistan and the European Union are discussing the possibility of establishing energy alliances. The matter was discussed by Uzbek Foreign Minister Abdulaziz Kamilov and Marosh Shefchovich, the vice-president of the European Commission, on May 18.

Gazprom Neft Ups Production Thanks to Arctic Iraq

Δευ, 25 Μαΐου 2015 - 14:56

Despite falling oil prices and Western sanctions against Russia over Ukraine, Gazprom Neft, the oil arm of the Russian gas monopoly, said on May 19 that crude oil production increased year-on-year, largely from the development of Arctic and Iraqi assets.

Romania's Romgaz Targets Rise in Profit Investments in 2015

Παρ, 22 Μαΐου 2015 - 18:52

Romanian natural gas producer Romgaz,targets anet profit of1.51 billion lei ($378 million/340 million euro)this year, when it plansinvestments worth 1.3 billion lei, the company said on Thursday.