English Edition

FYROM to Further Liberalise Electricity Market for Industrial Consumers from April 2014

Πεμ, 3 Οκτωβρίου 2013 - 12:58

The liberalisation of the FYROM electricity market for all industrial consumers will start on April 1, 2014, the country’s regulatory energy commission said. The liberalisation of the power market for all consumers, including households, will start on January 1, 2015, the regulatory energy commission said in a statement on its website on Tuesday

Lebanon Delays Again First Auction of Offshore Energy Licenses

Τετ, 2 Οκτωβρίου 2013 - 19:22

Lebanon has delayed for the second time the first auction of oil and natural gas licenses in its Mediterranean coastal waters after the government failed to vote on decrees needed to start the bidding process, Energy Minister Gebran Bassil said Wednesday.

Libyan Oil Shutdown Could Damage Some Wells - Oil Minister

Τετ, 2 Οκτωβρίου 2013 - 19:22

The shutdown of Libyan oil fields by armed strikers could lead to some wells being damaged, the country's oil minister said Wednesday, as concerns grow the disruptions could impede the country's long-term oil potential.

Israeli Central Bank to Buy $3.5B in 2014 to Offset Gas Impact

Τετ, 2 Οκτωβρίου 2013 - 19:21

The Bank of Israel said it will purchase $3.5 billion in foreign currency during 2014 as part of its program to offset the impact of local natural gas production on the country's current account and exchange rate.

Hungary Asks MOL to Consider Croatia INA Stake Sale

Τετ, 2 Οκτωβρίου 2013 - 19:21

The Hungarian government Wednesday asked oil and gas company MOL Nyrt. (MOL.BU) to consider selling its 49.1% stake in Croatian peer INA d.d. (INA.ZG), while rejecting efforts by Zagreb to regain control over INA by issuing an arrest warrant for MOL's top executive.

GE Gets Nearly $600 Million Equipment Pact for Siberia LNG Project

Τετ, 2 Οκτωβρίου 2013 - 19:21

General Electric Co. (GE) said it received a contract to provide nearly $600 million in turbomachinery equipment for a liquefied natural gas project in northern Siberia.

Chevron and Tohoku Electric Sign 20-Year Wheatstone LNG Agreement

Τρι, 1 Οκτωβρίου 2013 - 18:23

Japanese utility Tohoku Electric Power Co. (9506.TO) has committed to a 20-year deal to buy more liquefied natural gas from Australia, reinforcing the country's position as the biggest supplier to the largest user of LNG at a time Japan is debating whether to resume nuclear power production.

Saudi Arabia to Name Mohammed al-Madi New OPEC Governor

Τρι, 1 Οκτωβρίου 2013 - 18:22

Saudi Arabia will name Mohammed al-Madi as its next governor for the Organization of the Petroleum Exporting Countries, two people familiar with the matter said Tuesday.

Total Looking At UK Shale Gas Opportunities - CEO

Τρι, 1 Οκτωβρίου 2013 - 18:22

France's Total SA (TOT) is looking at shale gas opportunities in Britain, Chief Executive Christophe de Margerie said Tuesday in the first strong sign of interest from an oil major in the U.K.'s nascent industry.

At UN, Egypt Crisis Sidelined

Δευ, 30 Σεπτεμβρίου 2013 - 17:27

In mid-August, when hundreds were killed in Cairo after Egypt's interim authorities cleared out antigovernment protest camps, the country's political crisis moved front-and-center of the world stage.

Iran Deputy Foreign Minister: Ready to Discuss Limits to Uranium Enrichment

Δευ, 30 Σεπτεμβρίου 2013 - 17:27

Iran is willing to discuss limits in the level to which it enriches uranium but will never suspend the process altogether, the deputy foreign minister said in comments reported Sunday.

Russian Court Detains Eight More Greenpeace Crew Members

Δευ, 30 Σεπτεμβρίου 2013 - 17:26

A Russian court on Sunday ordered the detention for two months of eight more crew members of a Greenpeace ship who protested against Arctic oil drilling as part of a probe into alleged piracy.

Total Acquires Offshore Exploration Interests in South Africa

Δευ, 30 Σεπτεμβρίου 2013 - 17:25

French oil major Total SA (TOT) said Monday it has acquired offshore exploration interests in South Africa.

South Korean Scientists Use E. Coli to Make Gasoline

Δευ, 30 Σεπτεμβρίου 2013 - 17:25

Escherichia coli can cause serious food poisoning but Korean scientists have come up with a more helpful use for the sometimes-deadly bacteria: producing gasoline.

China Attracts Greek Ship Owners

Δευ, 30 Σεπτεμβρίου 2013 - 17:24

Greek shipping magnates, still the kingmakers of the global shipbuilding trade, are increasingly moving their financing and ship orders to China, drawn by cheap credit and lower shipyard costs.

Romania’s Grup Servicii Petroliere SA to Support IENE’s Regional Upstream Workshop in Athens on October 31st -November 1st

Δευ, 30 Σεπτεμβρίου 2013 - 15:42

Romania’s Grup Servicii Petroliere SA will be one of the supporters of the 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” that the Institute of Energy for SE Europe (IENE) is organizing in Athens, on October 31st -November 1st, 2013. This specialized IENE seminar will focus on the geology and ongoing exploration activity, as well as on the relevant legal and financial framework, in the countries of the area