English Edition

Market-Share of Greek Tanker Purchases has Averaged at 19%

Πεμ, 5 Ιουνίου 2014 - 12:04

The buying interest from Greek ship owners is focused on bulkers to an increasing extent. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014.

Cyprus-Based Ocean Rig UDW Signs a Leasing Contract for its Eirik Raude Drilling Ship

Πεμ, 5 Ιουνίου 2014 - 12:03

Energy companies active in the Falkland Islands have leased a rig for their 2015 drilling programme, paving the way for oil and gas exploration to continue next year in the region contested by Britain and Argentina.

Twelve Energy Projects to Be Fast-Tracked

Τετ, 4 Ιουνίου 2014 - 13:08

A government committee on Monday gave the green light for 12 energy projects with a total budget of 11.5 billion euros to be licensed through the fast-track process.

Romania Will Adopt a Law of Energy Efficiency

Τετ, 4 Ιουνίου 2014 - 12:45

The Romanian Parliament will adopt a law of energy efficiency that follows the European directive regarding targets for cutting back on energy spending, according to Iulian Iancu, president of the Industry and Services Commission in the Chamber of Deputies.

Brussels Opens Infringement Procedure Against Bulgaria over South Stream

Τετ, 4 Ιουνίου 2014 - 12:44

The European Commission has opened an infringement procedure against Bulgaria over the implementation of the South Stream gas pipeline project, the Commission's Internal Market and Services directorate said on Tuesday.

IEA: 48 Trillion Dollars Needed for Energy Until 2035

Τρι, 3 Ιουνίου 2014 - 13:57

Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series.

Montenegro Awards Ten Small Hydro Power Plants Concessions

Τρι, 3 Ιουνίου 2014 - 13:56

Montenegro’s Economy Minister Vladimir Kavarić awarded concessions agreements for the construction of ten small hydro power plants on six watercourses in Montenegro to representatives of the following five consortiums:

Romania's Hidroelectrica Launches Tender for Upgrade of 210 MW unit

Τρι, 3 Ιουνίου 2014 - 13:55

Romania's insolvent state-run hydro power producer, Hidroelectrica, said on Monday it launched an international tender for the upgrade of one of its units, Stejaru, a project estimated at some 75 million euro ($102 million).

Russia Confirms Ukraine Made First Payment Towards Gas Debt

Δευ, 2 Ιουνίου 2014 - 14:30

The Russian Energy Ministry confirmed Monday it had received $786.4 million from Ukraine as payment for gas deliveries in February and March, a ministry spokesman told RIA Novosti.

Petroceltic Intl to Abandon Offshore Well in Romania

Δευ, 2 Ιουνίου 2014 - 13:34

Irish oil and gas company Petroceltic International said on Friday it will abandon an offshore exploration well in Romania after it failed to encounter commercial quantities of hydrocarbons.

Greece and Turkey Among Countries with the Highest Gasoline Prices

Δευ, 2 Ιουνίου 2014 - 13:33

The Bloomberg Gas Price Ranking sorts 61 countries by average price at the pump and by “pain at the pump,” which measures the percentage of an average day’s wages needed to buy a gallon of fuel, writes Bloomberg.

Turkey Increases its Stakes in the Trans-Anatolian Gas Pipeline and Sah Deniz

Δευ, 2 Ιουνίου 2014 - 13:31

Turkey has signed deals to increase its stakes in the Trans-Anatolian gas pipeline (TANAP) and the Shah Deniz projects, with a ceremony attended by Prime Minister Recep Tayyip Erdoğan, marking another step towards its long-lasting dream of becoming an energy hub.

Bulgaria's Planned Restrictions on Renewable Energy Causes Concerns

Δευ, 2 Ιουνίου 2014 - 13:25

Bulgarian taxpayers will have to bear the burden of hasty and short-sighted management decisions of Bulgaria’s state institutions, BGWEA and BPVA warned