English Edition

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.

Heritage Oil to Pay $850 Million for Shell Nigeria Block

Δευ, 2 Ιουλίου 2012 - 17:56

Royal Dutch Shell PLC (RDSB) has agreed to sell its most prolific oil block in Nigeria to Shoreline Natural Resources Ltd., a local entity backed by U.K. explorer Heritage Oil PLC (HOIL.LN), for $850 million.

French Government Mulls Blocking Gas Tariff Increase

Δευ, 2 Ιουλίου 2012 - 17:56

The French government is considering preventing a rise in regulated gas prices as demanded by GDF Suez (GSZ.FR), French daily Les Echos reports Monday, without citing sources.

Iraq Says June Oil Exports Fall; Pipeline Sabotage Cited

Δευ, 2 Ιουλίου 2012 - 17:56

Iraq's crude oil exports in June fell 2% on-month after sabotage to a pipeline cut shipments of its crude from the northern Kirkuk fields.

BP Pressed for Records on Failed Russia Deal

Δευ, 2 Ιουλίου 2012 - 17:55

U.K. energy group BP PLC (BP) faced new demands Monday to release emails about a failed Arctic oil alliance with Russian group Rosneft (ROSN.RS) that has led to a $12.5-billion shareholder suit.

EU Confirms July 3 Meeting with Iran on Nuclear Program

Δευ, 2 Ιουλίου 2012 - 17:55

The European Union hopes Iran will take the opportunity of a technical meeting about its nuclear program Tuesday to show it is ready to take concrete steps to address international concerns about its activities, the EU High Representative for Foreign Affairs said Monday.

Iran Calls for Opec Meeting After Oil Price Dip

Δευ, 2 Ιουλίου 2012 - 14:19

Iran has asked for an emergency Opec meeting because of the recent fall in oil prices. Opec members agreed to hold an emergency meeting when they last met in on 14 June in Vienna if oil prices fell below $100/bl, the Iranian oil ministry news service Shana quoted Iran's oil minister Rostam Qasemi.

Electricity Prices Rise 13%, Nat Gas Bills Up 4.88% as of July 1

Δευ, 2 Ιουλίου 2012 - 12:35

Bulgaria's energy regulator has decided to raise electricity prices by about 13% and natural gas bills by 4.88% as of July 1.The hike of electricity prices is bigger than the initially announced 10%. The price adjustment is due to the so called green energy tariff add-on, Angel Semerdjiev said during a parliamentary sitting on Friday

Saudi Arabia Reopens Oil Pipeline to Bypass Hormuz if Needed

Παρ, 29 Ιουνίου 2012 - 19:23

Saudi Arabia has reopened an oil pipeline, built by Iraq in the 1980s, which would allow them to ship crude to terminals on the Red Sea in the event Iran tries to block the Straits of Hormuz, Reuters reports on its website Thursday. The pipeline, which was built during the Iran-Iraq War, hasn't carried crude since Saddam Hussein's invasion of Kuwait in 1990, Reuters said

Gazprom Says Has No Plans to Buy Back Shares

Παρ, 29 Ιουνίου 2012 - 19:21

Russia's natural-gas monopoly OAO Gazpromisn't considering a buyback of its own shares to support the market price, its Chief Executive Alexei Miller said Friday. Gazprom shares have lost about 13% since the start of the year, performing worse than the wider stock market index

Europe Prepared For Iranian Oil Embargo

Παρ, 29 Ιουνίου 2012 - 19:17

A European Union ban on the purchase of Iranian oil that comes into full force Sunday will be greeted with little fanfare by European customers. Many refiners have already turned to alternatives, and other countries, particularly Saudi Arabia but also Iraq, have increased production. The increased output comes as the euro zone's crisis dents oil demand. That has left Europe's refiners well-positioned to weather the July 1 cutoff in Iranian supplies