English Edition

Belarus, Russia Sign Long-awaited Gas Transit Deal

Belarus, Russia Sign Long-awaited Gas Transit Deal

Belarus and Russia Friday signed a gas transit deal expected to end disagreements that caused brief shortages of Russian natural gas in Europe last week, Russia's state gas firm OAO Gazprom (GAZP.RS) said Friday.

Obama Aide: Offshore Drilling May Be Best For Large Companies

Obama Aide: Offshore Drilling May Be Best For Large Companies

The White House's top energy and climate advisor said companies drilling for oil offshore should be able to pay for any damages caused by spills, even if removing a cap on damage claims means small companies can't operate offshore.

France To Help Moroccos Nuclear Energy Drive

France To Help Morocco's Nuclear Energy Drive

France signed a co-operation accord with Morocco Friday to help the north African country advance its plans to build a nuclear power plant.

Ukraine Wants US To Invest In Gas Transit Line Repairs -Report

Ukraine Wants US To Invest In Gas Transit Line Repairs -Report

Ukraine is urging the U.S. to invest in its energy sector, including in modernizing its gas transportation infrastructure, Russian news agency RIA Novosti reports on its website Friday, citing Ukraine's foreign minister.

Bulgaria to Set Up New Body for Renewable Project Mapping

Bulgaria to Set Up New Body for Renewable Project Mapping

Bulgaria will establish a new government agency in 2011 that will be in charge of sustainable energy development, according to the country’s new sector strategy by 2020, Dnevnik wrote. The document was presented on Thursday, just hours after it was submitted with the European Commission (EC). The new government body will succeed the existing Energy Efficiency Energy, which will be closed.

Conclusions of the EU-OPEC Energy Dialogue

Conclusions of the EU-OPEC Energy Dialogue

The seventh ministerial-level meeting of the Energy Dialogue between the European Union (EU) and the Organisation of the Petroleum Exporting Countries (OPEC) took place in Brussels this week, in presence of Günther Oettinger, EU Commissioner for Energy.

Industry Talks Up Gas as Solution to EU’s Energy Challenges

Industry Talks Up Gas as Solution to EU’s Energy Challenges

Europe should turn to natural gas in its search for the affordable and reliable energy sources of the future, energy company representatives said at the European Business Summit (EBS) yesterday (1 July).

Rise in VAT Rates

Rise in VAT Rates

Rise in VAT rates in force as of Thursday, second in three and a half months, will push up prices in several broad consumption products. Furthermore, VAT has for the first time introduced to a number of new services such as private clinics, notaries publics, lawyers.

Price of Natural Gas in Bulgaria to Soar by 25 per cent

Price of Natural Gas in Bulgaria to Soar by 25 per cent

The price of natural gas, hot water, central heating and electricity in Bulgaria will increase from July 1. In the case of natural gas, prices will increase by as much as 25 per cent, following an earlier ruling from the state energy watchdog, Bulgarian media reported on July 1 2010.

Purvanov Visits Azerbaijan for Energy Discussions

Purvanov Visits Azerbaijan for Energy Discussions

Bulgarian President Georgi Purvanov has started a two-day visit to Azerbaijan during which he will discuss strategic energy projects with his opposite number, president Ilham Aliyev.

Top UN Nuclear Watchdog Inspector Resigns - IAEA

Top UN Nuclear Watchdog Inspector Resigns - IAEA

The United Nations nuclear watchdog said Thursday its top investigator Olli Heinonen, head of the agency's long-running investigations into Iran and Syria, would step down next month for personal reasons.

Tullow:First Oil From Ghana Jubilee Field In Nov Or Dec

Tullow:First Oil From Ghana Jubilee Field In Nov Or Dec

The first oil will be produced from Ghana's Jubilee field in November or December and output will reach 120,000 barrels a day within six months, field operator Tullow Oil PLC (TLW.LN) said Thursday.

BP: Production Back Online After Hurricane Alex

BP: Production Back Online After Hurricane Alex

BP PLC (BP) said Thursday that production from its western operations in the Gulf of Mexico that had been shut in due to Hurricane Alex is back online.