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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.

A Full Liberalisation of Serbia's Electricity Market is Underway

Παρ, 2 Ιανουαρίου 2015 - 18:09

A full liberalisation of Serbia's electricity market, allowing citizens to choose their suppliers in an open market, will begin from the New Year, with the liberalisation of the gas market set to start as well

U.S. Easing of Oil Exports May Foil OPEC’s Strategy

Τετ, 31 Δεκεμβρίου 2014 - 17:06

The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets, according to Citigroup Inc.

Russia’s Rosneft Acquires 49% Stake in Petrocas Energy

Τετ, 31 Δεκεμβρίου 2014 - 13:39

Russian oil major Rosneft will buy a 49% stake in Petrocas Energy Group controlled by billionaire Davis Iakobachvili, Rosneft said on Monday

Algeria Calls for OPEC to Cut Oil Production

Τετ, 31 Δεκεμβρίου 2014 - 13:31

Algeria's oil minister on Sunday called on OPEC to cut production and raise the price of oil, which has plunged dramatically in the last six months

Libya FM: Extremists Seek to Capture Oil and Gas Resources

Τετ, 31 Δεκεμβρίου 2014 - 13:30

Libya's foreign minister said Sunday that extremist groups are making a renewed push to seize oil resources, after an assault on eastern terminals set storage tanks ablaze, sending massive clouds of black smoke into the sky.

Bulgaria: Electricity Price Might Rise in April or July – Energy Watchdog

Τρι, 30 Δεκεμβρίου 2014 - 18:39

The price of electricity in Bulgaria is not going to rise on 1 January 2015, but an increase might take place in April or July next year. This was announced by the Chair of the State Energy and Water Regulatory Commission (DKEVR) Svetla Todorova in an interview for private bTV station. In October, prices went up 9.5 to 9.9 percent depending on which company provides electricity distribution services

U.K. Said to Be Open to Talks on RWE Sale to Billionaire

Τρι, 30 Δεκεμβρίου 2014 - 18:37

The U.K. is open to talks on RWE AG (RWE)’s plan to sell its Dea unit to a group led by Russian billionaire Mikhail Fridman, but still concerned it would leave British gas fields at risk from future sanctions against Russia, a person familiar with the matter said

Gazprom Becomes 100% Owner of Scrapped South Stream

Τρι, 30 Δεκεμβρίου 2014 - 18:35

Russian gas monopoly Gazprom said on December 29 that it has bought out the shares of South Stream Transport BV, a company that was in charge of the construction of the offshore section of the cancelled natural gas pipeline

Massive Rescue Effort for Greece to Italy Ferry - Five Dead All Remaining Passengers Rescued

Δευ, 29 Δεκεμβρίου 2014 - 17:33

Italian and Greek military and coast guard rescue crews battled gale-force winds and massive waves Sunday as they struggled to rescue hundreds of people trapped on a burning ferry adrift between Italy and Albania. At least five peopledied and two were injured.