English Edition

Russia Blamed Over Turkish Stream Delay

Τρι, 4 Αυγούστου 2015 - 17:47

Turkey's Energy Minister Taner Yildiz said Tuesday thatthe delay in theTurkish Stream project is due to factors from Russia. The pipeline project tocarry Russian gas to Europe, with Turkey as a transportation hub, was caused because the Russian side was late in deliveringthe coordinates for the construction route, Yildiz said

IENE’s Annual «Energy and Development» Conference to Focus on the Role of the Energy Sector in Revitalizing Greece’s Economy

Τρι, 4 Αυγούστου 2015 - 17:45

The Institute of Energy for SE Europe (IENE) is organizing, once again in Athens, its annual National Energy Conference "Energy and Development 2015” on November 11-12, 2015. This year’s conference will focus on "The Role of the Energy Sector in Revitalizing Greece’s Economy”

EU Hopes to Conclude Trade Pact With US Next Year

Τρι, 4 Αυγούστου 2015 - 17:43

It was initially meant to be finalised this year, but now EU negotiators aim rather to conclude the trade pact with the United States in 2016, which would be “an optimistic scenario”, EU Trade Commissioner Cecilia Malmstrom said on Tuesday

Obama to Unveil Tougher Climate Change Plan

Δευ, 3 Αυγούστου 2015 - 18:02

President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal industry supporters

Bulgaria: Energy Watchdog Head Refuses to Resign Despite Pressure from Businesses

Δευ, 3 Αυγούστου 2015 - 18:00

Bulgarian energy watchdog head has said he won't step down amid calls from employers' unions which have demanded his resignation over a hike in power prices for industrial consumers. Ivanov has insisted in an interview with private national NOVA TV channel that his agency, the Commission for Energy and Water Regulation (KEVR), abode by the law by adopting last week a "transparent, fair and public" decision" on power rates

Bosnia's Nestro Petrol Plans to Expand Network by Opening Mini Fuel Stations

Δευ, 3 Αυγούστου 2015 - 17:59

Bosnian fuel retailer Nestro Petrol plans to expand its network of petrol stations by launching the construction of seven self-service mini-stations in parking lots at several hypermarkets, Zarubezhneft’s deputy general director for downstream told SeeNews on Thursday.Zarubezneft is the owner of Optima Grupa, Nestro Petrol's parent company

Oil's Losing Streak at its Worst for the Year

Δευ, 3 Αυγούστου 2015 - 17:55

Aside for the Greek stock market, it was the price of oil that attracted the most attention on Monday morning with both the WTI and Brent closing in on their lowest price levels for the year

UK Awards 41 More Licences to Explore North Sea Oil And Gas

Παρ, 31 Ιουλίου 2015 - 16:03

The UK Oil and Gas Authority (OGA) has awarded 41 new licences to explore the UK Continental Shelf in the North Sea. The new licences are in addition to the 134 confirmed in late-2014, which bring the total to 175 licences to explore 353 blocks

EWEA: Offshore Wind Industry Sets Record Year for Installations in First Half of 2015

Παρ, 31 Ιουλίου 2015 - 15:59

In the first six months of 2015, the European offshore wind industry installed more new capacity than in any other year on record as several projects reached completion and deployment of larger turbines increased

Croatia: Marathon and OMV Hand Back Croatia Oil Exploration Licences

Παρ, 31 Ιουλίου 2015 - 15:58

Houston-based Marathon Oil and Austrian energy group OMV returned seven offshore oil and gas exploration licences to Croatia, an OMV spokesman said on Wednesday, as a slump in oil prices forces the oil industry to cut investment. Croatia, hoping to boost its oil and gas sector, had awarded the licences to a consortium formed by the two companies in January, with Marathon as the operator holding a 60-percent stake and OMV the rest

OPEC Says Able to Accommodate Iran Return

Παρ, 31 Ιουλίου 2015 - 15:56

OPEC Secretary General Abdullah al-Badri says the organization will be able to make room for Iran’s barrels when the country restores production to the levels before sanctions

Oil Price Flux Unlikely to Hit Long-Term Sector Growth

Τρι, 28 Ιουλίου 2015 - 20:13

The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding

Turkey is Well Placed and an Increasingly Significant Hub for Oil and Natural Gas Transit-US

Τρι, 28 Ιουλίου 2015 - 20:11

Turkey is well placed and an increasingly significant hub for oil and natural gas transit from the Middle East, Central Asia and Russia to Europe and the Atlantic, the U.S. Energy Information Administration (EIA) has said

EU Commissioner for Energy Union Maros Sefcovic to Visit Bulgaria on September 15

Τρι, 28 Ιουλίου 2015 - 20:09

European Commission Vice-President in charge of Energy Union Maros Sefcovic is to visit Bulgaria on September 15. The visit of Sefcovic to Bulgaria will be part of his Energy Union Tour, which was launched in May

BP Records Another Fall in Profit

Τρι, 28 Ιουλίου 2015 - 14:49

Oil giant, British Petroleum (BP), recorded the worst profit in 10 years mainly due to Libya Write-off, trading and the need to cover the costs of the Deepwater Horizon tragedy. According to Bloomberg, BP profit adjusted for one-time items and inventory changes dropped to $1.3 billion in the second quarter, 64 percent lower than a year earlier

TAP Awards Technip PMC Services Contract

Δευ, 27 Ιουλίου 2015 - 14:52

The Trans Adriatic Pipeline (TAP) AG, the project company in charge of the namesake gas pipeline project, awarded French engineering group Technip a project management consultancy (PMC) services contract, Technip said