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Petroceltic Says Bulgaria Gas Fields Generate $34.9 Mln in H1 Revenues

Πεμ, 18 Σεπτεμβρίου 2014 - 17:52

Irish oil and gas exploration and production company Petroceltic International said on Wednesday its Bulgarian operations generated $34.9 million (26.9 million euro) in revenue in the first half of 2014, providing the company with a stable cash flow

EU Parliament Urges Tough Conditions for South Stream

Πεμ, 18 Σεπτεμβρίου 2014 - 17:48

The European Parliament has called on Brussels to attach more strings to the South Stream pipeline project. A majority of MEPs believes new criteria should be introduced, helping Russia to avoid further sanctions, and agreements in the field of energy which are currently in force should be reversed

Solar PV Sets New Record in Italy

Τετ, 17 Σεπτεμβρίου 2014 - 18:13

Solar photovoltaic installations in Italy provided nearly 10% of the country's electricity demand from January to August. The highest monthly solar PV output was recorded in August at 2,834 kilowatt hours -- the highest amount of energy generated from PV plants in Italy ever

Romania’s Nuclearelectrica Raises 2014 Net Profit Target by 254.8%

Τετ, 17 Σεπτεμβρίου 2014 - 18:04

Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, said on Tuesday it has raised its target for this year's net profit by 254.8% to 99 million lei ($29 million/22.4 million euro), as revenues are seen rising faster than costs

Gazprom, Bosnia's Serb Republic Agree Gas Supplies Terms

Τετ, 17 Σεπτεμβρίου 2014 - 17:59

Russian gas firm Gazprom said on Tuesday it has agreed terms for gas supplies to Bosnia's Serb Republic

Shipping Sector Concentrates But Still Expands Despite Crisis

Τετ, 17 Σεπτεμβρίου 2014 - 17:55

Concentration of the Greek-owned merchant fleet is resulting in the sector being controlled by ever fewer hands, although the fleet itself is continuing to expand despite the financial crisis and the uncertainty that has dogged the global shipping industry in recent years

Italy, Greece Approve TAP Environmental Studies

Τετ, 17 Σεπτεμβρίου 2014 - 17:46

On 12 September, Italy’s Minister of Environment Gianluca Galletti signed the Decree of environmental compatibility of the project submitted by Trans Adriatic Pipeline AG (TAP) for the Italian section of the pipeline, concluding another major milestone for the project, TAP said

Gazprom Injects 100 Million Euro into South Stream Transport B.V.

Τρι, 16 Σεπτεμβρίου 2014 - 17:28

The Board of Directors of Russian energy giant Gazprom decided on September 10 to inject 100 million euro into the capital of the South Stream Transport joint ventur

Turkey's Akfen Unit Brings Online 20.24 MW of Hydropower Capacity

Τρι, 16 Σεπτεμβρίου 2014 - 17:21

Turkish energy producer Elen Enerji Uretimi, part of local conglomerate Akfen’s hydropower group Akfenhes, has put into operation 20.24 megawatts (MW) of hydropower capacity, Akfen [BIST:AKFEN] said on Monday

Turkey: Energy Minister Disputes Report, Denies Involvement in ISIL Oil Trade

Τρι, 16 Σεπτεμβρίου 2014 - 17:17

Energy Minister Taner Yıldız on Monday denied a US media report that claimed Turkey was involved in oil trade with the Islamic State of Iraq and the Levant (ISIL), saying that such allegations are part of attempts to undermine Turkey's international reputation

Serbia to Raise Gas Prices by Avg 3.6% as of Oct 1

Δευ, 15 Σεπτεμβρίου 2014 - 15:35

Serbia's energy regulator, AERS, said on Thursday it has approved a hike in public supplygas tariffs of 3.6% on average as of October 1

Ship Equipment Makers Strike Deals With Foreign Shipyards

Δευ, 15 Σεπτεμβρίου 2014 - 15:33

Greek entrepreneurs involved in the shipping manufacturing sector are targeting customers on the international market like never before. The sector may be in crisis but Greek shipowners are blossoming and local marine equipment manufacturers are increasingly focusing their attention on exports

Russia to Create Anti-Crisis Fund to Aid Sanctions-Hit Companies

Δευ, 15 Σεπτεμβρίου 2014 - 15:29

Russia will create a multi-billion dollar anti-crisis fund in 2015 of money destined for the Pension Fund and some left over in this year's budget to help companies hit by sanctions, Finance Minister Anton Siluanov was quoted as saying on Monday