English Edition

Toshiba Would Increase Share Of Power Venture

Παρ, 27 Δεκεμβρίου 2013 - 13:30

Toshiba Corp., one of Japan's biggest diversified electronics companies, is aiming to buy a majority stake in U.K. nuclear consortium NuGeneration Ltd. as it looks to foreign demand after interest at home waned following a nuclear accident in 2011.

Initial Capital for South Stream Serbia is Not Provided from Government Guarantees

Παρ, 27 Δεκεμβρίου 2013 - 09:28

Prime Minister Ivica Dacic said today that he reached an agreement with Chairman of the Board of Directors of Gazprom Alexey Miller that the Russian side borrows €75 million for the initial capital for setting up South Stream Serbia.

Turkey’s Stake in TANAP Raised to 30 pct

Παρ, 27 Δεκεμβρίου 2013 - 09:23

Turkey’s share in the strategic Trans-Anatolian Natural Gas Pipeline Project (TANAP), slated to carry Azeri gas to Turkey and European markets, is to rise to 30 percent, according to the head of SOCAR, Azerbaijan’s state oil company and the main stakeholder of the multi-billion dollar project.

Syria Signs Oil, Gas Exploration Deal With Russian Company

Πεμ, 26 Δεκεμβρίου 2013 - 13:01

Damascus signed an oil and gas exploration deal with a Russian company in the Syrian capital Wednesday that will allow for exploration in a section of Syrian waters, an AFP journalist witnessed.

Iran Lawmakers Want Higher Enrichment in Case of New Sanctions

Πεμ, 26 Δεκεμβρίου 2013 - 13:01

Iranian lawmakers presented a bill to the parliament's presiding board which could oblige the government to enrich uranium to 60% if new sanctions are imposed, media reported Wednesday.

Fighting Rages in South Sudan Oil Regions

Πεμ, 26 Δεκεμβρίου 2013 - 13:01

Heavy fighting between government forces and rebels was raging Thursday in South Sudan's key oil-producing north, officials said, as neighboring Kenya and Ethiopia stepped up efforts to broker an end to the civil war.

50 Million Euros Invested in Turkish Renewables and Energy Efficiency by EBRD

Πεμ, 26 Δεκεμβρίου 2013 - 09:55

The European Bank for Reconstruction and Development (EBRD) is continuing to support the efforts of Turkish businesses to become more energy efficient, through a new €50 million financing package to Turkiye IsBankası (IsBank). The loan will provide IsBank with long-term financing for sustainable energy investments under the EBRD’s Mid-Size Sustainable Energy Financing Facility.

Northern Petroleum Reclassifies Adriatic Discoveries as 2C From 2P

Τρι, 24 Δεκεμβρίου 2013 - 17:30

Northern Petroleum PLC (NOP.LN) Tuesday said recoverable oil at its Rovesti and Giove discoveries in the Southern Adriatic Sea, Italy, will be classified as 2C contingent resource rather than 2P reserves, based on the interim findings of a review

FYROM's ELEM Invites Bids for Boskov Most HPP Construction

Τρι, 24 Δεκεμβρίου 2013 - 17:27

FYROM state-owned power producer ELEM has called a tender for construction works on Boskov Most hydro power plant (HPP) project, the European Bank for Reconstruction and Development (EBRD), which is providing funding for the project, said on Friday

Brazil Regulators Approve BP's Sale of Polvo Field Stake to HRT

Τρι, 24 Δεκεμβρίου 2013 - 16:54

Brazilian oil regulators have approved BP Plc's (BP, BP.LN) sale of a 60% stake in the Polvo offshore oil field to HRT Participacoes em Petroleo SA (HRTP3.BR), HRT said in a regulatory filing Tuesday. Completion of the $135 million deal comes at a critical time for HRT, transforming the firm from an exploration company into a crude-oil producer. HRT has seen its shares crater amid a series of management shakeups and exploration failures in Namibia. Polvo produces about 13,000 barrels of heavy crude oil per day that should produce a steady stream of revenue for HRT

Shipyards In China, Japan Focus On Tankers

Δευ, 23 Δεκεμβρίου 2013 - 17:41

Japanese and Chinese shipyards have their sights on one of the few markets that isn't in the doldrums -- sophisticated tankers for liquefied natural gas -- hoping to challenge market leader South Korea. With demand for gas soaring in Asia and a North American gas export boom just over the horizon, China's technical skills are improving and Beijing wants importers to use more ships built at home. Meanwhile, despite political tensions, Japanese shipbuilders are preparing to build LNG tankers in China

Serbia's EP Unit Signs Deal to Supply Power to NIS in 2014

Δευ, 23 Δεκεμβρίου 2013 - 17:39

Serbian oil and gas company NIS [BEL:NIIS] said on Friday it has signed a deal with EPS Snabdevanje, a unit of state-owned power utility EPS, for electricity supply in 2014. The deal covers 350 million kilowatt-hours of electricity supply to over 1,045 NIS facilities, including its refineries, warehouses, fuel stations and office buildings, NIS said in a statement

Enel and ArcelorMittal Abandon Romanian Nuclear Project

Δευ, 23 Δεκεμβρίου 2013 - 16:58

Italy's utility Enel and steelmaker ArcelorMittal are selling their entire stakes in Romania's long-delayed project to expand its nuclear plant in Cernavoda, leaving the state-run power company as the sole shareholder, news agency Mediafax reported. Nuclearelectrica said Monday it will move on with the EnergoNuclear project and is in talks to attract a majority shareholder