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Pittella: Stop Dictating to Greece

Τετ, 7 Ιανουαρίου 2015 - 15:59

"European Commissioner for economic and monetary affairs Jyrki Katainen isproposing to dictate to member states, threatening to impose sanctions should theyrefuse to implement financial reforms imposed by Bruxelles:”, said on Wednesday 07 January S&D president Gianni Pittella

TransAtlantic to Resume Drilling of Albanian Well in Q1

Τετ, 7 Ιανουαρίου 2015 - 14:21

TransAtlantic Petroleum, an international oil and natural gas company with operations in Turkey, Bulgaria, and Albania, said on Tuesday it expects to resume drilling on a well in the Delvina gas field in Albania in the first quarter of 2015

Bankers Petroleum's Q4 Avg Daily Output from Albanian Oilfield Falls q/q

Τετ, 7 Ιανουαρίου 2015 - 14:19

Canadian company Bankers Petroleum said on Tuesday its fourth-quarter average production from the Patos-Marinza oilfield in Albania totalled 21,865 barrels of oil per day, down 7.0% on the quarter

Total 12.3 Mln Shares of Romania's OMV Petrom Trade on Bourse

Τετ, 7 Ιανουαρίου 2015 - 14:16

A total of 12.3million shares of Romanian oil and gas group OMV Petrom, equal to a 0.02% stake, changed hands for4.7 million lei ($1.2 million/1.0 million euro) on the Bucharest bourse on Tuesday, stock exchange data showed

Slovenia Says Construction of Three HPPs on Middle Sava to Wrap Up By 2020

Τρι, 6 Ιανουαρίου 2015 - 19:00

The construction of the Suhadol, Trbovlje and Renke hydro power plants (HPP) on the Middle Sava river in Slovenia is expected to be completed by 2020, local media reported on Friday

US Oil Prices Dip Briefly Below $50

Τρι, 6 Ιανουαρίου 2015 - 18:43

The price of oil plunged again Monday and briefly dipped below $50 a barrel for the first time in more than five years as evidence mounted that the world will be oversupplied with oil this year. Benchmark U.S. oil dipped to $49.95 before quickly rising back over $50. In early afternoon trading oil was down $2.29, or 4.3 percent, to $50.40 a barrel. In June of last year it traded above $107 a barrel

Oil Workers to Pay for Near 50% Price Fall

Δευ, 5 Ιανουαρίου 2015 - 18:35

Oil prices are on course for their largest annual slide since 2008, capping another dire year for commodities, as crude fell again on Tuesday to hover at close to half its level of six months ago. Brent’s 49 per cent plummet since June — alongside a near halving of iron ore prices and sharp drops in coal and copper — has also helped drag the Bloomberg Commodity index down 15.6 per cent in 2014 to a five-year low

Diesel-powered Cars Accounting for Larger Chunk of Sales in Greece

Δευ, 5 Ιανουαρίου 2015 - 18:34

Six in every 10 new cars being sold in Greece are diesel powered, according to the latest data of the Association of Car Importers and Representatives

Slovenia's Krsko NPP Awards Nuclear Safety Service Deal to Spanish Co

Δευ, 5 Ιανουαρίου 2015 - 18:33

Slovenia's sole nuclear power plant (NPP) Krsko has awarded a contract for a nuclear safety service project worth over 479,000 euro ($582,000) to Spanish engineering company Westinghouse Electric Spain, the European Union’s procurement journal said on Friday

UK and Norway Near Deal to Build Subsea Power Cable

Δευ, 5 Ιανουαρίου 2015 - 18:30

Norway is close to agreeing a €2bn investment to construct a 700km underwater power line that would allow the UK to import hydroelectric power as Britain attempts to solve the squeeze on its fragile generating capacity

Russia to Support Struggling Energy Companies and Banks

Παρ, 2 Ιανουαρίου 2015 - 18:16

Russia has moved to support a number of large companies and banks as it tries to prop up a struggling economy and a banking sector battered by the rouble's jitters.

Draghi: European Monetary Union Has Proved More Resilient Than Many Thought

Παρ, 2 Ιανουαρίου 2015 - 18:15

Mario Draghi, President of the ECB, defended ECB's economic policies in an opinion piece he wrote for Project Syndicate on 2 January and stressed that EU needs to find better ways to prove to Eurozone Member States that they are better inside the euro area. Mr. Draghi wrote:

Romania's Hidroelectrica Might Go Public in the First Half of 2015

Παρ, 2 Ιανουαρίου 2015 - 18:10

Romania’s largest electricity generation company Hidroelectrica might go public in the first half of 2015, after having had to postpone its initial public offering scheduled for June 2014 due to the relapse into insolvency. Another offer that was supposed to be listed this year, that of CE Oltenia, is expected to take place in the second semester of next year, writes zf.ro.