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Oil Prices Fall as Markets Remain Oversupplied

Τρι, 19 Μαΐου 2015 - 17:30

Crude oil prices fell on May 19 as sluggish economic growth and high exports meant that markets remain oversupplied.

19th Roundtable With the Government of Greece - Conclusions

Τρι, 19 Μαΐου 2015 - 17:24

• The background for the Roundtable, as former Italian prime minister Enrico Letta pointed out, was an improving euro-zone economy with a trio of favourable factors: quantitative easing (QE) from the European Central Bank (ECB), cheaper oil and a cheaper euro.

Opower: EU Citizens at the Core of Behavioural Energy Efficiency

Δευ, 18 Μαΐου 2015 - 16:18

It is critical that energy efficiency is a core point of the EU’s Energy Union, an ambitious effort spearheaded by Commission Vice President Maros Sefcovic, aiming to further integrate Europe’s energy infrastructure, harmonise regulations and create supranational EU authority in some areas.

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.