English Edition

Reservoir Targeting Hydroelectric Projects in Montenegro

Πεμ, 1 Μαρτίου 2012 - 17:34

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) ("Reservoir" or the "Company") is pleased to announce that it has established an office and contracted advisors to investigate potential hydroelectric development sites in Montenegro, focusing particularly on the River Lim, just across the border from the Company's Brodarevo Projects in Serbia.

Eni, Gazprom Reach Agreement On Gas Supply Contracts

Πεμ, 1 Μαρτίου 2012 - 17:33

Italy's Eni SpA (E) said Thursday it has reached an agreement on gas supply contracts with Russian state gas firm OAO Gazprom (GAZP.RS) and discussed with its Russia partner actions for the implementation of the South Stream project.

Gasoline, Oil Prices Jump Across Greece

Τετ, 29 Φεβρουαρίου 2012 - 14:59

Athens is particularly worried by Iran’s threats to halt the supply of oil to the European Union, while the average price of unleaded gasoline has soared to 1.75 euros per liter in Greece.

Launch of DEPA Group Sale Process

Τετ, 29 Φεβρουαρίου 2012 - 14:16

HELLENIC PETROLEUM announces that, within the context of DEPA Group privatization, through an international tender process, the Hellenic Republic Asset Development Fund (HRADF) has published an Invitation for the Expression of Interest, available at the HRADF website, www.hraf.gr.

Gazprom in Talks to Buy Greek Gas Monopoly

Τετ, 29 Φεβρουαρίου 2012 - 12:34

Russian gas giant Gazprom may buy stakes in Greece's DEPA gas monopoly and its transport branch DESFA to provide direct supplies to European consumers, Vedomosti business daily newspaper reported on Wednesday.

EU Lawmakers Back Strengthening Of CO2 Market

Τρι, 28 Φεβρουαρίου 2012 - 18:32

European Union lawmakers backed Tuesday the possible withdrawal of carbon dioxide emissions permits from the EU carbon market, although using softer language than a previous proposal.

CEZ Expects Electricity Price Spike On CO2 Credit Reduction

Τρι, 28 Φεβρουαρίου 2012 - 18:31

Czech utility CEZ AS (BAACEZ.PR) expects electricity prices to rise on a likely European-wide reduction of greenhouse gas emissions credits and as Europe's economy stabilizes, and so is pre-selling future production only in limited quantities, the utility's head of sales said Tuesday.

Rosneft: Gas Production To Exceed 40 bcm/year With Itera JV

Τρι, 28 Φεβρουαρίου 2012 - 18:31

Russian state oil champion OAO Rosneft (ROSN.RS) plans to produce over 40 billion cubic meters of natural gas a year in Russia in a new joint venture with independent gas producer Itera Holding, the company said Tuesday.

TNK-BP Fully Replaced Hydrocarbon Reserves In 2011

Τρι, 28 Φεβρουαρίου 2012 - 18:30

Anglo-Russian oil joint venture TNK-BP Ltd., half-owned by BP PLC (BP), said Tuesday it added more hydrocarbons to its reserves than it produced in 2011, posting a reserve replacement rate of 145%.

Nuclear Iran Would Choke World Economy - Israel PM

Τρι, 28 Φεβρουαρίου 2012 - 18:30

Israeli Prime Minister Benjamin Netanyahu Tuesday warned that a nuclear-armed Iran would control the major Gulf oil producers, send energy prices soaring and "choke" the global economy.

End Of Brent-WTI Spread Now In Sight -JPMorgan

Τρι, 28 Φεβρουαρίου 2012 - 18:30

The days of the Brent-WTI spread look numbered. TransCanada's (TRP) decision to build the Gulf Coast leg of its Keystone XL pipeline independent of the rest of the project means a firmer end now in sight to the massive gap between the two crudes, JPMorgan says.

Nabucco Talks on Tanap Merger

Τρι, 28 Φεβρουαρίου 2012 - 17:30

Talks will take place on Tuesday over a proposed merger between the Trans Anatolian New Pipeline (Tapan) and the Nabucco gas pipeline, a report claimed.

Bulgaria: Two Laws of Significant Importance to RES Sector are Being Discussed in Parliament

Τρι, 28 Φεβρουαρίου 2012 - 13:05

The changes in the energy law, which we presented in our previous newsletter, passed first reading in the energy commission in parliament on February 22, 2012. A wide public discussion on the Bill for amendment of the Spatial Development Act was held on February 23. The proposed amendments are intended to delegate more power to local authorities.

EU Urges Bulgaria, Cyprus to Transpose Electricity, Gas Directives

Τρι, 28 Φεβρουαρίου 2012 - 12:49

The European Commission called on Bulgaria, Cyprus and six other member states to transpose the electricity and gas directives of the Third Energy Package to their national laws.

Bulgargaz, DEPA Sign Mutual Assistance Framework Agreement

Παρ, 24 Φεβρουαρίου 2012 - 16:29

Bulgaria's state-owned gas utility Bulgargaz said on Thursday it has signed a framework agreement with its Greek counterpart DEPA on mutual assistance in the event of natural gas shortages in either of the two countries resulting from extraordinary conditions.

Turkey and China Will Soon Start Talks for Building Third Nuclear Power Plant

Παρ, 24 Φεβρουαρίου 2012 - 12:59

Turkey and China will soon start talks for building the third nuclear power plant in the northwestern region of the country, said Turkey’s Deputy Prime Minister in Istanbul yesterday at a meeting with the Vice President of China, noting that Turkey’s doors are wide open for Chinese banks.