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AES Corp Agrees to Shed Assets in Turkey

Τρι, 14 Οκτωβρίου 2014 - 19:07

US power generation and utility company AES Corp said today it had entered into an agreement to sell its 49.62% stake in its Turkish joint venture AES Entek Elektrik Uretimi AS to its local partners Koc Holding AS and Aygaz AS for USD125m (EUR98.5m)

South Stream's Offshore Section May Cost Over 10 Bln Euro

Δευ, 13 Οκτωβρίου 2014 - 18:35

The cost of the offshore section of the South Stream gas pipeline is estimated to grow to over 10 billion euro ($12.7 billion), Russian media reported, quoting the spokesman of the company in charge of the project

Rosatom Units EdF Agree Study to Extend Lifespan of Bulgarian N-plant Unit

Δευ, 13 Οκτωβρίου 2014 - 18:33

A consortium of units of Russian nuclear group Rosatom and France's Electricite de France (EdF) have signed with Bulgaria's sole nuclear power plant (NPP) Kozloduy an agreement to prove the feasibility of extending the lifespan of one of its two operational units,Rosatom's Rosenergoatom said

Common Rules and Infrastructure Needed to Complete Energy Market

Δευ, 13 Οκτωβρίου 2014 - 18:26

An integrated EU energy market is the most cost-effective way to ensure secure and affordable supplies to EU citizens and mitigate climate change. A completed internal energy market could bring net economic benefits between 16 and 40 billion euros each year

Russia - China Sign Agreement on Cooperation in Russian Gas Supplies Via Eastern Route

Δευ, 13 Οκτωβρίου 2014 - 17:02

Russia and China havesigned an agreement on Monday on cooperation in the sphere of Russian natural gas supplies via the Power of Siberia gas pipeline, the so-called “eastern route

Gazprom Neft Well-Prepared For US-EU Sanctions

Παρ, 10 Οκτωβρίου 2014 - 19:42

Gazprom Neft has been well prepared to face Western sanctions, a source close to the company told New Europe on October 10. The oil arm of Russian gas monopoly Gazprom expected that sanctions would put some restrictions and some limits in its operations abroad and started talking to its Eastern partners and drilling companies in late spring

Greece’s Energean Set to Be a Regional Oil Leader: CEO

Παρ, 10 Οκτωβρίου 2014 - 19:07

Energean Oil & Gas is becoming a leader in the eastern Mediterranean region as it revives Greek production, adds new licenses, bids for offshore concessions and moves into Israel, Chief Executive Officer Mathios Rigas said

Canada's Valeura Energy Discovers Gas in 3 Wells in Turkey

Παρ, 10 Οκτωβρίου 2014 - 17:50

Canada-based and Turkey-focused oil and gas explorer Valeura Energy said it has made gas discoveries in three new vertical exploration wells drilled in northern Turkey

Oil & Gas Gazprom to Cut Gas Deliveries by 15% - Romania's Energy Dept

Παρ, 10 Οκτωβρίου 2014 - 17:47

"For today, initially a 20.45% reduction was announced, but they said later that theactual cutwill be 15%," the energy department's press officetold SeeNews in an emailed statement

Lukoil May Exit Romania Focus on Bulgarian Refinery

Παρ, 10 Οκτωβρίου 2014 - 17:47

Russia's Lukoil plans to exit Romania, where it owns an oil refinery and more than 300 filling stations, and focus on raising the capacity of its refinery in neighbouring Bulgaria, Bucharest-based media reported on Thursday

Europe Gears Up to Make Fusion Energy a Reality

Πεμ, 9 Οκτωβρίου 2014 - 17:38

The European Commission and the European fusion research laboratories are launching today a European joint programme on fusion in Horizon2020 – ‘EUROfusion’ – that will ensure significant progress along the path towards the realisation of fusion energy. This joint programme has an overall budget of at least 850 million euro over the period 2014-18, of which about half will come from the Euratom Horizon 2020 fusion energy research programme

All Eyes on OPEC as Brent Crude Keeps Falling

Πεμ, 9 Οκτωβρίου 2014 - 14:46

As the crude oil price seems likely to drift lower during the coming months than to rally, all eyes are on the Arab OPEC producers, wondering when they will take action. Oil ministers from the Organization of Petroleum Exporting Countries hold a production policy meeting in late November in Vienna

Croatia's INA To Start 100 Mln Kuna (13.1 Mln Euro) Redundancy Program

Τετ, 8 Οκτωβρίου 2014 - 17:20

Croatian oil and gas company INA [ZSE:INA-R-A] said on Tuesday its management has adopted a redundancy program worth over 100 million kuna ($16.5 million/13.1 million euro)