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The South Stream Debacle: Russia Does Not Expect Financial Claims

The South Stream Debacle: Russia Does Not Expect Financial Claims

Russiais discussing legal issues with some of its partners over the scrapped South Stream gas pipeline project but financial claims are not expected, Russian Energy Minister Alexander Novak told Kommersant newspaper on Monday

Serbias MK-Fintel Signs Supply Construction Deals for 9.9 MW WPP

Serbia's MK-Fintel Signs Supply Construction Deals for 9.9 MW WPP

Italy's Fintel Energia Group said on Thursday its Serbian unit MK-Fintel has signed with Greek company EPC Contractor Prenecon S.A. and Vestas Systems two contracts for the supply and construction of the 9.9 megawatt (MW) Kula wind park in Serbia

Oil Price Fall Offers Far More Good Than Bad For Europe

Oil Price Fall Offers Far More Good Than Bad For Europe

The negative effects of the sharp fall in the oil price since June have been well aired. As this week has already shown, a collapse in the currencies of oil exporters such as Russia can infect markets across the globe

OMV Petrom Hunt Oil Discover New Oil - Gas Field in Romania

OMV Petrom Hunt Oil Discover New Oil - Gas Field in Romania

Romanian oil and gas groupOMV Petrom [BSE:SNP] said on Wednesday it has discovered anew oil and gas field in the southeastern county ofBuzauin partnership with Hunt Oil Company of Romania, following investments worth 5.0 million euro

Shell Turkeys TPAO in Joint Oil Gas Black Sea Exploration in 2015

Shell Turkey's TPAO in Joint Oil Gas Black Sea Exploration in 2015

Shell Upstream Turkey, the Turkish arm of Anglo-Dutch energy group Shell, and Turkish state-owned oil and gas firm Turkish Petroleum Corp (TPAO) will jointly carry out oil and gas explorations in the western Black Sea in 2015, local media reported