English Edition

Contract Signed for Bulgaria- Greece Gas Pipeline

Παρ, 12 Αυγούστου 2011 - 11:18

Bulgarian Energy Holding (BEH) announced that today in Sofia the Bulgarian company ICGB AD, which has to design, build, and operate the gas interconnector Greece-Bulgaria, and the Consortium Penspen Ltd-C&M Engineering SA, have signed a contract for Front End Engineering Design (FEED) and Environmental Impact Assessment (EIA).

Global Financial Turmoil Threatens Greece’s Privatisation Programme

Πεμ, 11 Αυγούστου 2011 - 16:40

With a rescue plan for Greece’s economy agreed at the eurozone leaders’ summit on July 21, and the country’s huge debt stabilized for the time being, the socialist government of George Papandreou is now turning its attention to the implementation of an ambitious privatisation programme already voted through the Greek parliament early in July.

Households Curb Electricity Use

Πεμ, 11 Αυγούστου 2011 - 15:17

The financial crisis has forced Greek households to reduce their power consumption, while the number of unpaid electricity bills is increasing by the month.

GDF Suez, China's ICBC Sign MoU for Financing Cooperation

Πεμ, 11 Αυγούστου 2011 - 15:12

GDF Suez SA (GSZ.FR) and Industrial and Commercial Bank of China Limited (ICBAF) Thursday said they have signed a memorandum of understanding for a financing cooperation on a non-exclusive basis.

PetroChina, Sinopec To Export Less 3Q Gasoline On Domestic Demand

Πεμ, 11 Αυγούστου 2011 - 15:11

PetroChina Co. (PTR) and China Petroleum & Chemical Corp. (SNP), or Sinopec, will export a total of between 830,000 and 880,000 metric tons of gasoline in the third quarter, down from 960,000 tons in the second quarter, domestic energy information portal C1 Energy reported Thursday.

Libya Rebels Hit Trying To Take Heat Off Misrata

Πεμ, 11 Αυγούστου 2011 - 15:11

Libyan loyalists killed one rebel and wounded 10 others as the insurgents moved on the town of Taurga in a bid to snuff out rocket fire on the besieged city of Misrata, medics said on Thursday.

EGL Delivers First LNG Cargo to Greece

Πεμ, 11 Αυγούστου 2011 - 12:07

For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece's LNG terminal, located on the island of Revithoussa, west of Athens. EGL's first LNG delivery to the Greek natural gas market is a further step in expanding gas activities in South East Europe.

EIA Forecasts Steeper Drop in US Coal Production

Πεμ, 11 Αυγούστου 2011 - 12:00

Coal production will fall 1.7pc in 2011 despite a significant increase in coal exports, according to the US Energy Information Administration (EIA) in its monthly Short-term Energy Outlook published yesterday.

Bulgaria Top Court: No Halt to Operations for Lukoil

Πεμ, 11 Αυγούστου 2011 - 11:59

Bulgaria's top court upheld Wednesday a previous ruling providing that the Lukoil Neftochim should stay in operation until the legality of its revoked tax warehouse operator license is finally decided.

New Horizons for the Introduction of Fuel Blends with a Higher Concentration of Ethanol

Πεμ, 11 Αυγούστου 2011 - 10:47

Started three years ago, EQUIMOTOR PLUS, an R&D project financed through the EUREKA initiative, benefited from the brains of some of the brightest researchers in the four corners of Europe. Together, technicians from Spain, the Czech Republic, Finland, Germany and the United Kingdom worked together to overcome one of the main technological obstacles to an economy based on green energies.

More Generators Give Cyprus a Power Boost

Πεμ, 11 Αυγούστου 2011 - 10:46

Temporary power generators from overseas along with efforts to repair destroyed power supplies are beginning to yield results - enhancing Cyprus' electricity demands after last month's power station blast.

China has Launched a Five-Month Inspection Campaign for Rare Earths

Πεμ, 11 Αυγούστου 2011 - 10:45

In an attempt to retain its monopoly over rare earths, China has launched a five-month inspection campaign. The campaign aims to crack down on rare earth production that is not in line with government regulations; Country’s official news agency Xinhua reported quoting Industry Ministry.

IEA: Annual Growth In Global Refinery Runs To Resume In 3Q

Τετ, 10 Αυγούστου 2011 - 14:09

Global refinery crude runs are expected to resume annual growth in the third quarter, after the second quarter runs were at about the same level as a year ago, the International Energy Agency said in its monthly oil market report Wednesday.

Indonesia Oil Output May Decline 6% Next Year To 860,000 B/D

Τετ, 10 Αυγούστου 2011 - 14:09

Indonesia's crude-oil production will continue on its declining path in the absence of any significant new projects, with output projected to decline another 6% next year to 860,000 barrels a day, the International Energy Agency said Wednesday.

IEA: Saudi Oil Production In June Highest For 30 Years

Τετ, 10 Αυγούστου 2011 - 14:08

OPEC kingpin Saudi Arabia's oil production in June reached its highest level in three decades, averaging 9.8 million barrels a day, the International Energy Agency said Wednesday.

Brent Premium To WTI Exceeds $24 A Barrel, Sets New Record

Τετ, 10 Αυγούστου 2011 - 14:08

The gap between the two global benchmark futures contracts, Brent crude and U.S. West Texas Intermediate, Wednesday widened to a new record high of $24.01 a barrel, as U.S. crude prices are under more pressure amid worries over the state of the U.S. economy and weaker demand for oil.