English Edition

Europe Readies for Russian Gas Troubles: IEA

Τρι, 26 Αυγούστου 2014 - 10:41

European countries are working to fill gas storage and already have reverse flows in place in some parts of the continent in preparation for potential gas disruptions should the Ukraine crisis deepen, IEA executive director Maria van der Hoeven told Argus today.

Negotiations with ENI / KOGAS and Total E&P Cyprus on LNG Terminal to Begin

Τρι, 26 Αυγούστου 2014 - 09:50

The Council of Ministers has decided that negotiations must begin immediately with the Italian-Korean consortium ENI / KOGAS and the French Total E & P Cyprus on building a terminal for liquefied natural gas at Vasiliko, the Ministry of Energy, Commerce, Industry and Tourism said today in a press release.

ISIL Jihadists Smuggle Oil Out of Iraq

Δευ, 25 Αυγούστου 2014 - 10:59

Serbia's NIS to Start 30-day Upgrade at Pancevo Refinery on Sept 1

Δευ, 25 Αυγούστου 2014 - 10:58

Serbian oil and gas company NIS [BEL:NIIS] said on Friday it will start on September 1 modernization works on its Pancevo refinery worth 490 million dinars ($5.5 million/4.2 million euro).

Bulgarian Energy Holding Awaiting BGN 1.45 B from Subsidiaries

Δευ, 25 Αυγούστου 2014 - 09:54

State-owned Bulgarian Energy Holding (BEH) has to collect a total of BGN 1.45 B of trade receivables and loans it has given out to filian companies, its interim 2014 report says.

Saudi Arabia's July Oil Output Rises to 10 mln bpd

Παρ, 22 Αυγούστου 2014 - 11:23

Saudi Arabia produced 10 million barrels per day (bpd) of oil in July, up from 9.780 million bpd in June, an industry source said on Wednesday.

Bulgarian Energy Holding Units Plan Capital Changes

Παρ, 22 Αυγούστου 2014 - 10:56

Two units of state-operated Bulgarian Energy Holding (BEH) have submitted applications for capital increases while another wants to reduce its capital following the 200 million euro ($265 million) capital hike of BEH's joint venture (JV) South Stream Bulgaria, local media reported on Thursday.

Cassandra: A Platform to Help Consumers Achieve Sustainable Energy Consumption

Παρ, 22 Αυγούστου 2014 - 10:07

This has been a key goal of the EU-funded CASSANDRA project, which has developed a way to help consumers decrease their energy consumption and electricity bills.

Bosnia’s Federation to Extend Oil, Gas Exploration Pact with Shell

Πεμ, 21 Αυγούστου 2014 - 11:42

The government of Bosnia’s Muslim-Croat Federation said on Wednesday it has approved extending until the autumn of next year a memorandum of understanding (MoU) that has been signed with a unit of Anglo-Dutch major Shell on exploration of oil and gas reserves.

Nicosia Will Enter Talks With Cairo Over Natural Gas Sale

Πεμ, 21 Αυγούστου 2014 - 10:03

Nicosia will enter into concrete talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2,3 and 9, Cyprus Energy Minister Yiorgos Lakkotrypis has said.

Stiglitz: Turkey Lucky in Not Having an Abundance of Natural Resources

Πεμ, 21 Αυγούστου 2014 - 09:48

Nobel laureate in economics, Joseph Stiglitz said Turkey could be considered lucky in not having an abundance of natural resources, while addressing officials and economists in Istanbul on Monday."Turkey perhaps has good fortune of not having many natural resources, unlike many countries in Africa," said Stiglitz during his keynote address at the UN Development Program conference on "The Role of Private Sector in Poverty Reduction and Social Inclusion", Anadolu News Agency Reported.

Bulgarian Miners Want a Lift of the Shale Gas Ban

Πεμ, 21 Αυγούστου 2014 - 09:46

The Bulgarian Mining Association wants the shale gas moratorium in the country lifted, or at least the part about banning research in the area, Standart daily reports.

South Stream Bulgaria Project co Raises Capital to 203 mln Euro

Τετ, 20 Αυγούστου 2014 - 12:01

South Stream Bulgaria, the company in charge of the project for the Bulgarian section of the South Stream gas pipeline, has raised its capital to 397.6 million levs ($272.3 million/203.3 million euro), the country's energy ministry said on Tuesday.

EIA: Natural Gas Serves a Small, But Growing, Portion of China’s Total Energy Demand

Τετ, 20 Αυγούστου 2014 - 11:45

China relies heavily on domestic coal (and to a lesser extent oil) to meet rising energy consumption. To reduce air pollution and carbon dioxide emissions, the Chinese government is attempting to replace some of the country’s coal and oil use with natural gas.

Bulgaria Suspends South Stream Gas Pipeline Project

Τρι, 19 Αυγούστου 2014 - 11:15

Bulgaria’s Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any operations on theSouth Streamgas pipeline project, according to the official statement.

Albania Seeks Bids to Rehabilitate and Modernize 11 Dams

Τρι, 19 Αυγούστου 2014 - 10:17

Albania's Ministry of Agriculture, Rural Development and Water Administration seeks bids for civil construction to rehabilitate and modernize 11 dams in Albania's Drin-Buna and Semani river basins.