English Edition

Croatias Luka Rijeka Partners to Woo Oil Gas Exploration Cos

Croatia's Luka Rijeka Partners to Woo Oil Gas Exploration Cos

Croatian sea port operator Luka Rijeka, said on Monday it has initiated an alliance of local companies from the port, ship-building and maritime sectors to offer a comprehensive range of services to oil and gas platform operators and exploration firms in the Adriatic Sea.

Chevron Gives Up Shale Gas Exploration Ops in Romania

Chevron Gives Up Shale Gas Exploration Ops in Romania

U.S. group Chevron Corp on Monday confirmed reports that it has given up itsshale gasexploration operations in Romania in order topursueother investment opportunities.

AES  ContoGlobal Owe Bulgaria΄s Mini Maritsa Iztok Total 87 Mln Euro

AES ContoGlobal Owe Bulgaria΄s Mini Maritsa Iztok Total 87 Mln Euro

US companies AES and ContourGlobal, which operate two thermal power plants (TPPs) in Bulgaria, owe state-owned mining complex Mini Maritsa Iztok a combined 140 - 170 million levs ($81 - 99 million/72 - 87 million euro) in overdue payments, Bulgaria's energy minister said.

Global Oil Producers Eye Kazakhstan’s Eurasia Project

Global Oil Producers Eye Kazakhstan’s Eurasia Project

Despite the fall in world oil prices and the new global crisis, the largest oil companies are expressing the interest Kazakhstan’s Eurasia Project, Baltabek Kuandykov, general coordinator of the project, told New Europe in an interview.

Serbia  Energy Community Agree on Srbijagas Unbundling

Serbia Energy Community Agree on Srbijagas Unbundling

The Serbian government and the Energy Community,a Vienna-based international energy policy organization, have agreed on an action plan for the unbundling of state-owned gas monopoly Srbijagas, the Energy Community said on Friday.

Putin Willing to Exhume South Stream for EU

Putin Willing to Exhume South Stream for EU

For the European Commission it is paramount to have adialogue with the EU Member States from Central East and Southeast Europe, a Commission spokesperson told New Europe on February 19, asked if the Commission was open to Russian President VladimirPutin’s offer to discuss with theEUalternative options to South Stream, including an extension ofthe plannedTurkish Streampipeline to Bulgaria and Hungary.

The Fear

The Fear

The basic reason for creating a European Union was to stop the continent from being afraid of Germany, so it is alarming to see a fear of Germany reappearing in many capitals of Europe.

Calling Each Others Bluff: The German - Greek Poker Keeps EU Hostage

Calling Each Other's Bluff: The German - Greek Poker Keeps EU Hostage

Another round of negotiations takes place today in Brussels, after Greece dropped key demands for a bailout settlement, but had its proposal rejected by lead lender Germany, which criticized Athens' latest proposals as a "Trojan horse" designed to dodge its commitments.

The Zorbas Syndrome

The Zorbas Syndrome

Ordinary Greeks are living in extraordinary times. In less than a month, after five years of extended misery looming all over the country, Greeks, all Greeks regardless of howthey have voted in the January 25 election, changed attitude and swiftly became Zorbases.

Enel Puts on Hold Sale of Romanian Assets

Enel Puts on Hold Sale of Romanian Assets

Italian power group Enel said on Thursday it has put on hold the planned sale of assets in Romania after reaching its target for debt reduction at the end of 2014.