South Stream advances in Bulgaria and Serbia
The South Stream pipeline received its construction authorization on the Bulgarian territory from the Supreme Expert Environmental Council of Bulgaria…
Energy Companies Lead the Way in COFACE’s CEE Top 500
Ranked by both turnover and number of companies, the oil and gas sector leads the sector ranking. nevertheless, the 65…
Poland began exploitation of shale gas
Lane Energy, a company controlled by US group ConocoPhillips, began extracting shale gas from a well near Lebork, northern Poland,…
Oil gains more than $2 on possible Syria strike, Brent above $117
Oil rose more than $2 a barrel on Wednesday, with Brent pushing above $117 and the U.S. benchmark soaring to…
Iulian Chifu: Romania has the chance to become the main gas supplier for Republic of Moldova and even Ukraine
###author### Not often a state happens to stumble upon the right mix of internal and external condition and to use…
Statoil could extract gas at half the cost
In a quest to tap huge gas reserves worth an estimated 30 billion dollars, the norwegian company launched in mid-August,…
Ukraine, Romania to sign gas trade agreement in October
The Ukrainian Government wants to import natural gas from Romania, and a trade agreement in this sense might be signed…
Brent crude stays above 109 dollars
Brent crude oil hovered near 110 dollars a barrel on Thursday as upbeat data from Europe and China kindled hopes…
Russian Stroytransgaz to build overland balkan sections of South Stream
Russian company Stroytransgaz is preparing to sign contracts for the construction of the overland sections of the South Stream gas pipeline on the…
US experience in gas and smart grid, not available for Europe
###author### In the last few years US registered a boom in natural gas production, from shale gas deposits exploitation. Of…
Ukraine region rejects Chevron shale gas deal draft
A local council in Western Ukraine voted against a draft production-sharing agreement with Chevron. The draft received critics that essentially…
Power and Utilities Q2 Global Deals Reached USD 33 billion
Q2 2013 emerged as an exciting quarter for the global power and utilities (P&U) sector. While volume remained flat, there…
Increased Profits for the State Energy Giants Ahead Stock Exchange Listings
Only three of the energy companies entered the top 10 most profitable companies listed on Bucharest Stock Exchange, based on…
Transgaz and OMV lend 7.5 million euros to Nabucco
Romanian state-run natural gas transporter Transgaz and Austrian oil and gas company OMV AG will provide a loan of up…
OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…
Exports of U.S. oil,gas and coal have doubled in the last three years
US exports of petroleum and petroleum derivatives, natural gas and coal have doubled in the last three years, reaching 110.2…
Atlas Copco Buys British Vacuum-Pump Maker Edwards for $1.2 Billion
Swedish engineering group Atlas Copco said on Monday it would acquire British industrial technology firm Edwards Group for up to…