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Construction of First South Stream Offshore Line Set to Start in Fall

Δευ, 19 Μαΐου 2014 - 14:50

The construction of the first line of the offshore section of the South Stream gas pipeline is set to start in the autumn, Dutch-based South Stream Transport BV, a joint venture established for the planning, construction and operation of the Black Sea section of the facility, said on Friday.

Six Companies in Total Submit Request for Montenegro's Oil and Gas Exploration

Δευ, 19 Μαΐου 2014 - 13:44

Six companies from the USA, Austria, Italy, Russia, Greece and Great Britain submitted three offers at the public tender for awarding concessions for oil and gas exploitation in the offshore of Montenegro.

China to Buy Russian Gas at $350-380 per Thousand Cubic Meters

Δευ, 19 Μαΐου 2014 - 13:36

The final price for Russian gas under a potential new deal with China will be set at $350-380 per thousand cubic meters, Russia's Izvestia newspaper reported Monday citing a source in energy giant Gazprom.

Energean, MOG Submit Bid for Exploration Offshore Montenegro

Παρ, 16 Μαΐου 2014 - 13:52

Energean Oil & Gas SA and Mediterranean Oil & Gas Plc (MOG) have jointly submitted a bid for the exploration and production of hydrocarbons in offshore areas 4118/05, 4218/30 and 4118/10 in Montenegro.

Europe’s Energy Dependence Day is Getting Earlier Each Year

Παρ, 16 Μαΐου 2014 - 13:32

The day on which Europe runs out of indigenous energy and has to rely on foreign fuel imports is arriving earlier each year, according to an analysis by the European Alliance for Energy Efficiency in Buildings (EuroAce), which will be presented to the Energy Council in Athens today (16 May).

Russia Proposes Creation of Global Energy Market Regulator

Παρ, 16 Μαΐου 2014 - 13:23

Russian Energy Minister Alexander Novak has floated the idea of creating a global energy market regulator that would keep its finger on the pulse of energy networks and compel participants to deliver on their contractual obligations.

Montenegro Gets Three Bids in Offshore Oil, Gas Tender

Παρ, 16 Μαΐου 2014 - 12:33

Montenegro said on Thursday it received three bids in a public tender to award concessions for offshore oil and gas exploration and production.

Slovenia on Track to Implement 120 MW Wind Park Project

Παρ, 16 Μαΐου 2014 - 12:32

Slovenian government said on Thursday it approved a decision to draft a national zoning plan for the construction of a wind park near the southwestern town of Senozece.

Greece Signs Hydrocarbon Exploration Agreements in Three Areas

Πεμ, 15 Μαΐου 2014 - 17:14

Greece on Wednesday signed the concession agreements for hydrocarbon explorations in three separate areas of Greece, an investment that could exceed 700 million euros for surveys and the extraction/productions of deposits estimated at 300 million barrels.

Bulgaria's Power Distributors Face Fines for Accounting Irregularities

Πεμ, 15 Μαΐου 2014 - 16:20

Bulgaria's energy regulator said on Wednesday it plans to fine the local power distribution units of Czech companies CEZ and Energo-Pro, and Austria's EVN over accounting and other irregularities.

Share of Coal in Turkish Energy Generation Still More than 25%

Πεμ, 15 Μαΐου 2014 - 14:59

The share of coal in Turkey’s energy generation is still more than 25 percent as it feeds one-third of the country’s energy needs, despite efforts to shift to cleaner and cheaper fuels.

Greece's Navios May Seek More VLCCs in the Months Ahead

Πεμ, 15 Μαΐου 2014 - 14:58

Navios Maritime Acquisition Corp of Greece is looking to further expand its fleet of tankers, management told investors Wednesday.

Romania's OMV Petrom Sees Power Business in Red in 2014

Τετ, 14 Μαΐου 2014 - 12:15

Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Tuesday it expects to face challenges in the gas sector and post a negative result from its power business this year.