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Romania plans to list two major energy firms

Πεμ, 17 Σεπτεμβρίου 2009 - 15:26

Romania plans to list stakes worth 15-20 percent each in the two major energy companies it wants to create as part of an energy sector overhaul, Deputy Economy Minister Tudor Serban said yesterday. The reform envisages integrating largely inefficient assets into two holdings which should become fully operational by the second half of 2010.

PFI sells for 85.9 mln euros

Πεμ, 17 Σεπτεμβρίου 2009 - 15:23

National Bank and Emporiki Bank said yesterday they have sold their stakes in Phosphoric Fertilizers Industry (PFI) to ELFE, according to separate Athens bourse filings yesterday. ELFE acquired all the shares in PFI, a producer of fertilizers and other chemical products, for a total of 85.9 million euros, National Bank’s statement said.

Russia Willing to Buy Belene Nuclear Plant from Bulgaria

Πεμ, 17 Σεπτεμβρίου 2009 - 12:41

Russia is interested in buying all or part of the share of the Bulgarian government at the planned nuclear power plant in Bulgaria's Belene. This has been announced by Russia's Energy Minister, Sergei Shmatko, as quoted by the RBK Daily, Wednesday, just a day before he is to arrive to Sofia for talks with his Bulgarian counterpart, Traicho Traikov, over the Bulgaria-Russia energy projects

Israel To Strike Iran If No Sanctions

Τετ, 16 Σεπτεμβρίου 2009 - 19:07

Israel will attack Iran if the U.S. fails to impose effective new sanctions over its nuclear program, a former Israeli deputy defense minister said Tuesday.

EDF CEO: Confirms Interest In South Stream Pipeline

Τετ, 16 Σεπτεμβρίου 2009 - 19:06

French utility Electricite de France's (EDF.FR) chairman and chief executive, Pierre Gadonneix, said Wednesday the company is in talks about joining the South Stream gas pipeline project, led by Russian state-controlled gas giant OAO Gazprom(GAZP.RS).

Russia Seeks Foreign Energy Partners For Arctic Projects

Τετ, 16 Σεπτεμβρίου 2009 - 19:03

Russia wants foreign companies to help develop vast offshore hydrocarbon resources in the Arctic and is preparing economic incentives to stimulate exploration in the region, the country's deputy resources minister, Sergey Donskoi, said Wednesday.

Shah Deniz 2009 Output Forecast Lowered To 7.2 BCM

Τετ, 16 Σεπτεμβρίου 2009 - 19:01

Production at the BP PLC (BP)-led Shah Deniz field in the Caspian offshore will total 7.2 billion cubic meters this year, down from an earlier forecast of 7.5 billion, an official at Azerbaijan's state oil company said Wednesday.

Hallin Marine Secures Caspian Sea Contract Worth Over $20M

Τετ, 16 Σεπτεμβρίου 2009 - 18:59

Hallin Marine Subsea International PLC (HMS.LN) Wednesday said it has been awarded a drilling support contract in the Caspian Sea worth more than $20 million.

Total CEO Sees Yemen LNG Project Onstream Within Days

Τετ, 16 Σεπτεμβρίου 2009 - 18:57

French oil major Total SA's (TOT) chief executive Wednesday said he expects the Yemen LNG liquefied natural gas project to be on stream within days.

Sofia Seeks More Project Perks

Τετ, 16 Σεπτεμβρίου 2009 - 15:46

Bulgaria will demand economic benefits from Moscow before confirming its commitment to Russian-backed major energy projects, Economy and Energy Minister Traicho Traikov said yesterday. Traikov will also tell Russian Energy Minister Sergei Shmatko, who is due to visit Sofia tomorrow, that Bulgaria’s participation in Russian projects should fit in the European Union’s plans to boost security of supplies.

Solar MW capacity doubled

Τετ, 16 Σεπτεμβρίου 2009 - 15:41

The installed capacity of solar energy systems in Greece more than doubled within just seven months by July, according to the Renewable Energy Sources Center. The combined electricity output from the installed units reached 29.8 mega-watts in July from just 14 MW in January, thanks to legislative initiatives of the last few years aimed at boosting the market’s development, said Yiannis Vouyiouklakis, head of the center’s development section. He was addressing a conference titled “Photovoltaic Systems in Greece.”

EU awaiting post-election update

Τρι, 15 Σεπτεμβρίου 2009 - 14:30

As election talk remained mainly focused on the economy, the European Commission reminded Greece yesterday that regardless of who wins the most votes, the country needs to meet upcoming obligations to Brussels or face the consequences.

Papandreou’s plan to revive the economy

Τρι, 15 Σεπτεμβρίου 2009 - 14:28

PASOK leader George Papandreou took to the stage at the Thessaloniki International Fair this weekend and set out his immediate plans for the country should his party win the general elections in three weeks’ time, insisting that the Socialists have the political will the current New Democracy government lacks to push through the changes.