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Albania Rejects Petromanas Request for Blocks D-E Exploration Extension

Δευ, 26 Μαΐου 2014 - 12:29

Canada-based oil and gas company Petromanas Energy said the Albanian National Agency of Natural Resources formally refused its request to enter into a third exploration period for Blocks D-E with a reduced financial commitment.

Turkey Tenders Operational Rights for 5 HPPs

Παρ, 23 Μαΐου 2014 - 13:50

Turkey’s Privatisation Administration said it has concluded the final negotiations in the tender for privatisation of five hydropower plants (HPPs) in Turkey through acquiring the rights to operate the plants, receiving highest bids totaling $14.45 million (10.56 million euro) from local firms.

Iraqi Kurdistan has Begun Exporting its First Cargo of Crude Oil Through Turkey

Παρ, 23 Μαΐου 2014 - 13:49

Iraqi Kurdistan has begun exporting its first cargo of crude oil through Turkey's Mediterranean port of Ceyhan, Turkish Energy Minister Taner Yıldız told Reuters on Thursday, despite a long-standing dispute with Baghdad over the sharing of oil revenues.

Noble Energy: 3b Barrels Oil Potential in Levant Basin

Παρ, 23 Μαΐου 2014 - 13:48

Leviathan and Tamar partner Noble Energy Inc.(NYSE:NBL) estimates that its licenses in the Levant Basin potentially have three million barrels of oil as well as four trillion cubic feet (TCF) of natural gas on top of its discoveries at Tamar, Leviathan and Cyprus's Block 12. It made the estimate at a UBS oil and gas conference on Wednesday.

Prague Breaks Ranks on EU Energy Policy Towards Russia

Πεμ, 22 Μαΐου 2014 - 15:29

While EU leaders make passionate pleas to coordinate national energy policies towards Russia, the Czech Republic said it would not back a Polish proposal to create a single body to buy gas for the European Union.

Greece Approves Enel Request to Search for Oil, Gas

Πεμ, 22 Μαΐου 2014 - 12:45

Greece approved on Wednesday a request by Italian energy major Enel to search for oil and natural gas in three onshore areas in the west of the country.

Petromanas Expects to Drill Molisht-1 Well in Albania to 5,500 m Total Depth

Πεμ, 22 Μαΐου 2014 - 12:27

Canada-based oil and gas company Petromanas Energy said it expects to drill the Molisht-1 well onshore Albania to a total depth of some 5,500 metres.

Slovenia: Key Power Line Put Into Service

Πεμ, 22 Μαΐου 2014 - 12:07

An 80-km-long high tension transmission line, linking the Krsko Nuclear Power Plant in the east with the area of highest electricity consumption in central Slovenia, was put into operation on Wednesday.

Cyprus Sees Highest EU Drop in Electricity Price, But Still Expensive

Πεμ, 22 Μαΐου 2014 - 12:06

Cyprus recorded the highest decrease in electricity price, among the countries of euro area in the second half of 2013, according to data released Wednesday by Eurostat.

Aegean Sponsors Tribute to Ayrton Senna

Τετ, 21 Μαΐου 2014 - 17:17

On May 1, 1994, Ayrton Senna died in a crash at the Imola Circuit in Italy. This year, on May 1, 2014, exactly 20 years following the death of Ayrton Senna, the world paid tribute to whom many consider the greatest Formula 1 driver ever. 24 hours earlier, in 1994, Roland Ratzenberger died at the same track and he too, is being remembered.

Russia, China Ink Historic Gas Supply Deal

Τετ, 21 Μαΐου 2014 - 13:39

Russia and China agreed on a long-term gas supply contract in Shanghai on Wednesday, after years of talks on the deal, worth billions of dollars.

Turkey Bids Farewell to Cheap Gas

Τετ, 21 Μαΐου 2014 - 13:14

A two-month period allowed by the energy watchdog to impose a ceiling on the gasoline and diesel prices in Turkey comes to an end tomorrow, with some analysts expressing concern over the potential volatility over regional and domestic political tension

Woodside Pulls Out of Leviathan Deal

Τετ, 21 Μαΐου 2014 - 13:12

Australian company Woodside Petroleum has finally withdrawn its intention to buy 25% of the rights in the Leviathan gas field off Israel's coast for $2.71 billion.