English Edition

Bulgarian Power Exports Slip on Capacity Cuts

Πεμ, 5 Ιουλίου 2012 - 14:05

Bulgarian power exports fell by 22pc in January-June compared with the same period last year as interconnection capacity made available to the market was cut.

Total Discovers Gas In Norwegian North Sea

Τετ, 4 Ιουλίου 2012 - 18:16

French oil giant Total SA (TOT) said Wednesday it had participated in a significant gas and condensation discovery in the Norwegian North Sea that could prompt the group to set up a new processing hub in the area before the end of the decade.

Egypt Gas Supply to Jordan Capped at 100M CF/D until Sept

Τετ, 4 Ιουλίου 2012 - 18:16

Jordan's minister of energy and mineral resources Alaa Batayneh said the country has been told by Egypt that the average supply of Egyptian natural gas to his county until September won't exceed 100 million cubic feet a day, Amman-based Ad Dustour daily reports Wednesday.

Gazprom Retroactively Adapts Pricing Conditions For Europeans

Τετ, 4 Ιουλίου 2012 - 18:15

Gazprom (GAZP.RS) continues to adapt pricing conditions for European clients retroactively and has reserved almost $7 billion to do so in 2012, Russian business daily Vedomosti reported on Wednesday.

Belgium to Start Nuclear Phase-out in 2015

Τετ, 4 Ιουλίου 2012 - 18:15

Belgium plans to extend the life of one of its oldest nuclear reactors by a decade to avoid the danger of blackouts while atomic power is phased out, but decided to stick to a 2025 target date to exit nuclear power.

TANAP-Transported Gas for Turkey to be 12% Cheaper than Russian

Τετ, 4 Ιουλίου 2012 - 13:09

The cost of Azerbaijani gas to Turkey will be 12% cheaper than Russian with the commissioning of the TANAP gas pipeline.

Greece’s PPC Calls for Power Market Reform

Τετ, 4 Ιουλίου 2012 - 12:53

The current distortions in the Greek power market must be urgently addressed, state-controlled utility PPC chief executive Arthur Zervos said.

Iran Bill Won't Block Gulf Oil Ships -Petromatrix

Τρι, 3 Ιουλίου 2012 - 17:38

A draft Iranian bill to selectively block oil tanker traffic through its territorial waters would do little to prevent oil exports from the Persian Gulf, says Petromatrix.

Oil Strike In Norway Could Continue To Prop Up Brent Crude Prices

Τρι, 3 Ιουλίου 2012 - 17:37

A strike by offshore oil workers in Norway, western Europe's largest oil producer and exporter, could provide further support for Brent crude prices if it continues to crimp oil production, traders said Tuesday.

ICE Brent Crude Futures Reached Record Volumes In June - ICE

Τρι, 3 Ιουλίου 2012 - 17:37

The benchmark Brent crude futures set new records for monthly volume and average daily volume in June, as the price of Brent was volatile amid economic growth concerns and supply disruption issues, IntercontinentalExchange Inc. (ICE) said Tuesday.

Nigeria Signs $4.5 Billion Refinery Deal With U.S. Energy Firm

Τρι, 3 Ιουλίου 2012 - 17:37

Nigeria on Monday signed a Memorandum of Understanding with an American energy firm to build six oil refineries, in a project worth 4.5 billion dollars, a government statement said.

Iran Gas Shipments To Turkey Resume After Blast

Τρι, 3 Ιουλίου 2012 - 17:36

Iranian shipments of natural gas to Turkey have been resumed after being cut by an explosion targeting a pipeline in eastern Turkey, Turkey's Energy Minister Taner Yildiz said Tuesday.

Iraq Adds $9 Billion To 2012 Budget On Higher Oil Revenues

Τρι, 3 Ιουλίου 2012 - 17:36

Increased oil revenues have allowed Iraq to add around $9 billion to its 2012 budget bringing the total budget for the year to above $110 billion, a government spokesman said Tuesday.

FYROM's Gasification Project Worth €300 Million Begins

Τρι, 3 Ιουλίου 2012 - 13:29

The project for gasification of FYR Macedonia worth €300 million begins. The Russian company Stroytransgaz and FYR Macedonia's energy resources Monday in the frames of FYR Macedonian-Russian Intergovernmental Commission signed Memorandum of Cooperation, which is the first serious step towards construction of national gas pipeline network in the country.

BP Stays Clear of the Extension of Nord Stream Pipeline Extension to UK

Τρι, 3 Ιουλίου 2012 - 13:28

British Petroleum has decided to steer clear of participation in the extension of the Russian-German Nord Stream natural gas pipeline all the way to Great Britain, the Russian press says.

Nabucco Looking for New Investors

Τρι, 3 Ιουλίου 2012 - 13:10

The Nabucco gas pipeline consortium hopes to tap the financial firepower of BP, Statoil and Total to salvage the project, now mired in funding problems, and realize Europe's dream of breaking the stranglehold of Russian supplies.