English Edition

Greek Gas-Fired Plants Increase Prices on New Tax

Πεμ, 1 Σεπτεμβρίου 2011 - 12:41

Greek spot power prices have jumped following the introduction of a tax on gas consumption which affects power generators from 1 September. The system marginal price for power delivered on 1 September averaged €73.09/MWh ($105.64/MWh), compared with €55.67/MWh for the previous day, as gas-fired generators increased their prices to take account of the new tax.

Tamar Partners Near Huge Gas Deal with IEC

Πεμ, 1 Σεπτεμβρίου 2011 - 12:03

Sources inform ''Globes'' thatIsrael Electric Corporation and the Tamar partners headed byNoble Energy Inc. andDelek Group Ltd. are on the verge of a multibillion dollar natural gas supply contract. The parties are finalizing the talks that began two years ago. They have agreed in principal on the price and linkage mechanism, but IEC purchases commitment is still open.

Maria van der Hoeven Begins Term as IEA Executive Director

Πεμ, 1 Σεπτεμβρίου 2011 - 11:30

Ms. Maria van der Hoeven, former Minister of Economic Affairs of the Netherlands, took charge today as the new Executive Director of the International Energy Agency (IEA) and vowed a focus on excellence as the agency strives to address the challenges of energy security and climate change in an era of unprecedented economic uncertainty.

German Grid Regulator Decides Against Nuclear Reserve Capacity

Τετ, 31 Αυγούστου 2011 - 16:26

Germany's energy network regulator Wednesday said that the country's accelerated exit from nuclear energy has considerably increased the risk of power blackouts, calling on the industry to invest in new energy infrastructure to ensure security of supply.

Czech Nuclear Expansion Moving Forward As Planned

Τετ, 31 Αυγούστου 2011 - 16:26

The Czech Republic is moving forward as planned with its $25 billion nuclear power generation expansion as increased clean electricity production will allow the country to meet emissions reduction targets, the country's industry minister said in Wednesday's Austrian economic newspaper Der Wirtschaftsblatt.

Iran-Saudi Security Is Linked - Tehran

Τετ, 31 Αυγούστου 2011 - 16:25

Iran believes Saudi Arabia's security is linked to its own security, an Iranian foreign ministry official said Wednesday, reacting to a Saudi allegation that Tehran was "targeting" the kingdom.

Ukraine Says Will Take Russia To Arbitration Over Gas Deal

Τετ, 31 Αυγούστου 2011 - 16:25

Ukraine will take Russia to the Stockholm court of arbitration if the two sides fail to resolve their latest energy dispute by mid-October, a top Ukrainian official warned Wednesday.

BP Sees Russian Office Raids As Pressure

Τετ, 31 Αυγούστου 2011 - 16:25

Russian raids on BP's PLC (BP.LN) Moscow offices are a means of pressuring the company's business activities within the country, BP Russia head Jeremy Huck said Wednesday, Interfax reported.

Italy Unblocks 500 Million Euros For Libya

Τετ, 31 Αυγούστου 2011 - 16:24

Italy on Wednesday unblocked EUR500 million in Libyan assets for the North African country's new leadership, Italian news agency ANSA quoted Foreign Minister Franco Frattini as saying during a visit to Hungary.

Bulgarian Arms of Power Utilities CEZ, E.ON and EVN will Unbundle Power Supply and Distribution Operations

Τετ, 31 Αυγούστου 2011 - 11:35

The Bulgarian arms of power utilities CEZ, E.ON and EVN will unbundle power supply and distribution operations by the start of 2012 within a larger-scale business restructuring, the chairman of the State Energy and Waters Regulatory Commission (SEWRC), Angel Semerdjiev, said on August 30 2011 reports Sofia Echo.

Bulgaria Jurassic Etropole Shale Gas Drilling Set

Τετ, 31 Αυγούστου 2011 - 11:34

LNG Energy Ltd., Vancouver, BC, entered into a term sheet with a unit of TransAtlantic Petroleum Ltd., Dallas, to earn a 50% interest in a future shale gas production concession in northwestern Bulgaria.

Ocean Rig Sees Brisk Business

Τετ, 31 Αυγούστου 2011 - 11:33

Dryships spinoff Ocean Rig UDW narrowed its profit in the six months ending in June, but kept its business in the black as its parent company slid to a steep loss.

Reduced Profits for TERNA During the First Half of 2011 – Positive Outlook for the Rest of the Year

Τρι, 30 Αυγούστου 2011 - 19:17

Consolidated sales of GEK TERNA amounted to 413.8 mil euro compared to 275 mil euro during the 1st half of 2010, posting a 50% increase mainly due to increased sales from the constructions and thermally produced energy segments.