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Cyprus and Egypt To Discuss Hydrocarbons

Τρι, 19 Αυγούστου 2014 - 10:16

Plans by Cyprus and Egypt to explore hydrocarbons deposits in their respective Exclusive Economic Zones and the exploitation of Cyprus' natural gas reserves will be put before a Joint Technical Committee of the two countries, to meet under the Energy Ministers, Cypriot Yiorgos Lakkotrypis and Egyptian Sherif Ismail, an official press release said on Monday.

FYROM Adopts Feasibility Study for Gas Network PPPs

Δευ, 18 Αυγούστου 2014 - 10:37

FYROM's government has adopted a feasibility study for the establishment of private-public partnerships for the construction of a 150 million euro ($200 million) gas distribution network in the country, the transport ministry said on Friday.

Serbia Eyes Better Terms Under NIS Deal with Gazprom Neft

Δευ, 18 Αυγούστου 2014 - 10:36

Serbia would like to secure for itself better terms under the privatization deal for oil and gas firmNIS [BEL:NIIS] signed with Russia's Gazprom Neft, Belgrade-based media quoted prime minister Aleksandar Vucic as telling a news conference on Thursday.

Bankers Petroleum's H1 Costs in Albania Fall 9.1%

Πεμ, 14 Αυγούστου 2014 - 10:16

The operating, sales and transportation costs of Canada’s Bankers Petroleum originating from Albanian-based companies and their employees totalled $70 million (52.4 million euro) in the first half of 2014, down 9.1% from a year earlier, the company said on Wednesday.

Ponta Hopes that Gas Reserves in the Black Sea Will Secure Energy Independence

Πεμ, 14 Αυγούστου 2014 - 10:14

Natural gas resources in the Black Sea might be instrumental for ensuring Romania’s energy security. That is why Romania's Prime Minister Victor Ponta has recently visited the Ocean Endeavour rig in the Romanian waters of the Black Sea, where Exxon Mobil and Petrom are drilling for gas, approximately 200 km from the shore, and 800 deep into the sea.

EU Gas Production Decline to Reach 43% in Next 12 Years

Τετ, 13 Αυγούστου 2014 - 14:28

Natural gas production in EU counties in the next 12 years regardless of possible development of non-traditional gas resources will decline by 43% against the 2013 level, Russia’s National Energy Security Fund (NESF) said on Wednesday.

Tüpraş Posts 160 pct Rise in Q2 Profit

Τετ, 13 Αυγούστου 2014 - 11:08

The net profit of Turkey’s sole oil refinery, Tüpraş, soared by 160 percent to 357.7 million Turkish liras ($165 million) in the second quarter, thanks to the effects of the currency rate and deferred tax revenue from the Fuel Oil Transformation project.

Turkey's 7-mo Power Output Rises 3.9%

Τετ, 13 Αυγούστου 2014 - 11:03

Turkey’s electricity production rose 3.9% year-on-year to 144,107 gigawatt hours (GWh) in the seven months through July from 138,639 GWh a year earlier, the Turkish Electricity Transmission Company (TEIAS) said.

Romania's Nuclearelectrica will Set Up a New Joint Venture for Nuclear Reactors

Τετ, 13 Αυγούστου 2014 - 09:55

Romania's state-run nuclear power producer Nuclearelectrica on Monday said it will set up a new joint venture to oversee the construction of two additional reactors at its Cernavoda plant and wants to sell off a 51 percent-interest in the future company to a private investor.

Romania's H1 Energy Output Edges Up 0.3%

Τρι, 12 Αυγούστου 2014 - 10:13

Romania's energy output inched up byan annual 0.3% in the first halfof the year, while imports rose 11.6%, the statistics office, INS, said on Monday.

Half of Bulgaria Could Be Left Without Electricity for the Winter

Δευ, 11 Αυγούστου 2014 - 14:20

Half Bulgaria could be left without electricity in the upcoming winter due to the huge hole in the budgets of energy companies and the lack of fresh money to invest, caretaker Economy Deputy PM Ekaterina Zaharieva hit the alarm bell in an exclusive interview for Standart.

Albania, World Bank Wrap Up Talks on $150 mln Energy Sector Recovery Program

Δευ, 11 Αυγούστου 2014 - 11:26

The World Bank and the government of Albania have successfully completed negotiations for a $150 million (112.1 million euro) power reform and recovery project, the World Bank said on Friday.

Industries Face Risks From Climate Change

Δευ, 11 Αυγούστου 2014 - 09:27

The companies we turn to every day for electricity, transportation, consumer goods, and even electronics face risks from climate change. Most need reliable water for production processes and products. Extreme weather and temperatures can hurt their productivity and damage their supply chains and assets.