English Edition

Chevron Bids for Shale Gas Exploration in Lithuania

Τρι, 15 Ιανουαρίου 2013 - 17:28

U.S. fossil fuels giant Chevron Corp. (CVX) has submitted a bid to explore and extract shale gas in Lithuania as the Baltic European Union state is keen to ease dependence on Russian supplies, an official said Tuesday.

Iraq, Gazprom Award $879 Million Badra Deal to Samsung

Τρι, 15 Ιανουαρίου 2013 - 17:27

Iraq and Russian state oil producer OAO Gazprom Neft (SIBN.RS) have awarded an $879 million contract to South Korea's Samsung Group (SSN.YY) to develop the Badra oil field in eastern Iraq, the Iraqi government said in a statement Tuesday.

Greece Backs Second Renewable-Energy Tax Increase in Five Months

Τρι, 15 Ιανουαρίου 2013 - 13:41

Greece's energy regulator approved higher renewable-power taxes for consumers, backing a second increase in five months to bolster funds at market operator Lagie SA.

IENE to Organize for a Second Year Running the «Energy and Shipping» International Seminar

Τρι, 15 Ιανουαρίου 2013 - 12:36

IENE’s 2nd International Seminar on «Energy and Shipping» will take place on March 6, 2013, at the Eugenides Foundation Conference Centre in Athens. As global activity is rapidly building up on oil and gas transportation, this year’s seminar on «Energy and Shipping» is very topical. In the view of the fact that a significant share of maritime transport worldwide is controlled by Greek companies or belonging to Greek interests, IENE is organising for a second year running this special seminar in collaboration with a number of ship operators and energy traders

Electricity Bills Rise By 8,6-9,2% in Greece

Δευ, 14 Ιανουαρίου 2013 - 16:44

Greek consumers will have to pay more for their electricity from now on, as the government approved increases of 8,6-9,2% in PPC’s home bills. The rise for commercial, industrial and agricultural consumers will be even greater, at 10-12%.

Beijing Air Pollution Reaches Dangerous Levels

Δευ, 14 Ιανουαρίου 2013 - 15:43

Beijing's air pollution reached dangerous levels yet again on Sunday, marking the third consecutive day of severe smog, municipal environmental authorities said.

China's 2012 Electricity Consumption up 5.5% at 4.9591 Trillion Kilowatt-Hours

Δευ, 14 Ιανουαρίου 2013 - 15:43

China's power consumption in 2012 rose 5.5% from a year earlier to 4.9591 trillion kilowatt-hours, data from the National Energy Administration showed Monday.

France to Pay EDF EUR4.9B by 2018 to Reimburse Green Energy Costs

Δευ, 14 Ιανουαρίου 2013 - 15:42

The French government has agreed to pay state-controlled power utility Electricite de France SA (EDF.FR) 4.9 billion euros ($6.57 billion) by the end of 2018 to reimburse costs related to the acquisition of electricity generated by renewable sources and subsidies for electricity sold to the poor, the company said Monday.

Goldman Sees Substantial Narrowing of Brent-WTI Spread

Δευ, 14 Ιανουαρίου 2013 - 15:42

The Brent-WTI spread should narrow to around $6/bbl on average in the second quarter, from around $17/bbl now, says Goldman Sachs, as Nymex crude at the Cushing delivery point shifts from being in a large surplus to a large deficit thanks to new pipeline capacity.

Alstom to Supply EUR250M Gas Turbines Equipment in Libya

Δευ, 14 Ιανουαρίου 2013 - 15:41

French power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply equipments for 11 gas turbines to Libya's power utility General Electricity Company of Libya, or GECOL.

Fitch: Gazprom's Weak European Sales Likely to Continue in 2013

Δευ, 14 Ιανουαρίου 2013 - 15:41

Fitch Ratings-London-14 January 2013: Gazprom's sales are likely to fall further in 2013 as weak economic conditions lead to continued low demand in Europe, the company's key market for natural gas, Fitch Ratings says. Russian gas production data for 2012 indicate that Gazprom's European and FSU gas sales fell slightly more than we expected.

Iran President Invited To OIC Summit In Cairo

Παρ, 11 Ιανουαρίου 2013 - 18:23

Iranian President Mahmoud Ahmadinejad has been invited by his Egyptian counterpart Mohamed Morsi to attend a summit of the Organisation of Islamic Cooperation in Cairo next month, media said Friday. The invitation was extended during a visit to Cairo by Iranian Foreign Minister Ali Akbar Salehi, who held talks on Thursday with Morsi as well as with his Egyptian counterpart, Mohamed Kamel Amr, Iranian media reported

Gazprom Neft Starts Second Tight Oil Project

Παρ, 11 Ιανουαρίου 2013 - 18:19

OAO Gazprom Neft, the oil arm of state-controlled gas giant OAO Gazprom, has begun drilling an appraisal well as part of its program to develop unconventional and hard-to-recover oil reserves, the company said in a statement Friday. The drilling at the Krasnoleninsky deposit in the Khanty-Mansi Autonomous District in Siberia will help Gazprom Neft "improve tight oil expertise in order to develop hydrocarbons located in the Bazhenov, Abalakskaya and Frolovskaya formations," the company said. It will examine the reults of drilling in spring this year then decide on further project development