English Edition

Kazakhstan to Buy 8.4% Stake in Kashagan Project From ConocoPhillips

Τρι, 2 Ιουλίου 2013 - 18:24

Kazakhstan's government said Tuesday it will buy an 8.4% stake in the project to develop the giant Kashagan oil field from ConocoPhillips (COP).

Putin Urges Gas Exporting Countries to Unite on Pricing Contracts

Δευ, 1 Ιουλίου 2013 - 16:07

Russia President Vladimir Putin Monday urged natural gas exporting countries to join forces and defend traditional long-term oil-linked gas contracts in the face of the growing popularity of spot pricing. Speaking at a meeting of the Gas Exporting Countries Forum, which covers the world's 11 leading gas producers, Mr. Putin said "abandoning basis principles in long-term gas contracts may undermine the energy security of gas importers."

China Sunergy 1st-Quarter Loss Widens

Δευ, 1 Ιουλίου 2013 - 16:00

China Sunergy Co.'s first-quarter loss widened as the solar cell and module maker reported a drop in revenue and lowered its shipment guidance for the year. "In light of the current market environment, we have determined that revenue growth, while desirable, is not our highest priority at this time," Chief Executive Stephen Cai said. For the remainder of 2013, Mr. Cai said the company will continue to seek disciplined expansions in emerging markets, including moving more production capacity to its Turkey plant, which will require time to reach full utilization

PPC Says Rates to Stay Put, at Least for Now

Δευ, 1 Ιουλίου 2013 - 13:44

Electricity rates will be fully deregulated in Greece as of Monday, but the head of Public Power Corporation (PPC) Arthuros Zervos announced on Saturday that there will be no changes to the pricing policy of the power giant for the next few months at least.

Shah Deniz Plans Formal Move to Take Gas Pipeline Capacity to Bulgaria

Δευ, 1 Ιουλίου 2013 - 10:17

The Shah Deniz consortium said that talks are underway to make gas sales in Bulgaria and that it plans to make an expression of interest to take pipeline capacity to the Balkan country.

Heavy Investment in Fossil Fuels by Western Balkan Banks Undermine EU targets

Δευ, 1 Ιουλίου 2013 - 10:13

Heavy investment in fossil fuels by international financial institutions in Western Balkan countries is hindering their compliance with EU climate targets, a report says.

Gazprom Expects 2013 Exports to Europe, Turkey to Rise

Παρ, 28 Ιουνίου 2013 - 17:05

Gazprom's (GAZP.RS) exports to Europe and Turkey rose 10% in the first half of this year and are set to reach 160 billion cubic meters in the whole of 2013, the Russian company's chief executive said Friday, Interfax reported.

Greek PM Hails TAP Gas Pipeline Award

Παρ, 28 Ιουνίου 2013 - 17:04

Greek Prime Minister Antonis Samaras Friday hailed a decision to build a pipeline that will bring natural gas from Azerbaijan to Europe via Greece, saying the investment will create thousands of new jobs, put the country on the regional energy map and reverse recent negative views on Greece.

Merkel Says Germany Pushed to Delay Car C02 Emissions Deal

Παρ, 28 Ιουνίου 2013 - 17:03

German Chancellor Angela Merkel on Friday admitted to pushing for the delay of a key decision on new rules aimed at limiting car pollution in the European Union.

European Pipeline Loses Bid To Ship Gas

Πεμ, 27 Ιουνίου 2013 - 16:27

A centerpiece of the European Union's push to limit its reliance on Russian natural gas came to an unsuccessful conclusion Wednesday after the Nabucco West pipeline consortium lost its bid to ship gas from Azerbaijan into Europe.

Gazprom Sees 2013 Net Profit Dropping 10%

Πεμ, 27 Ιουνίου 2013 - 16:27

Russia's state-run gas giant OAO Gazprom (GAZP.RS) expects its 2013 net profit to fall 10%, as the cost of producing gas rises, the company's deputy chief executive, Andrei Kruglov, said Thursday, according to the Interfax and Prime news agencies.

Renewables Infrastructure Group to Raise GBP300M in London IPO

Πεμ, 27 Ιουνίου 2013 - 16:26

The Renewables Infrastructure Group, a newly incorporated Guernsey investment company focusing on onshore wind and solar photovoltaic energy generation assets, said Thursday it plans to raise up to 300 million pounds to buy a portfolio of onshore wind and solar PV energy generation assets, and list on the Main Market of the London Stock Exchange.

Aramco, Sinopec JV Refinery to Start Operations By End 2014 - Exec

Πεμ, 27 Ιουνίου 2013 - 16:26

Saudi Arabian Oil Co., or Aramco, and China Petrochemical Corp. or Sinopec Group, are expected to start their joint Yanbu, Saudi Arabia-based oil refinery operations by the end of 2014, a top executive from Aramco said Thursday.