Russia is preparing a new South Stream, without Bulgaria
Russia is “ready to negotiate” with several of the countries formerly participating in the Russian-Italian gas pipeline South Stream, abandoned…
E.ON sells Spanish assets for 2.5 billion euros
E.ON sells assets it holds in Spain for 2.5 billion euros to the Australian investment bank Macquarie Group and Kuwait’s…
Infringement against Romania on security of gas supply
European Comission (EC) launched an infringement procedure against Romania on security of gas supply, adding that Bucharest has not notified…
Solar and wind energy win price war with the conventional fuels
For the solar and wind industries in the United States, it has been a long-held dream: to produce energy at…
Italy casts doubt on South Stream gas pipeline
An Italian minister on Wednesday cast doubt on the future of Russia’s South Stream gas pipeline project, which was already…
German government upholds fracking ban
Drilling for shale gas remains under an unlimited ban, said German Environment Minister Barbara Hendricks, dismissing media reports of government…
Lukoil to invest in a Nigerian project with Chevron
Russia’s second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major…
Gas price liberalization could be delayed for at least one year
###author### Department of Energy and the National Energy Regulatory Authority (ANRE) study the possibility of delaying with at least one…
Zakonyi Botond: Hungary is an active promoter of the North-South Gas Corridor
Zakonyi Botond, Hungarian ambassador in Bucharest Energy demand in Hungary is primarily covered by fossil fuels like oil products or…
EBRD expands energy efficiency financing with 15 million euro
###author### The European Bank for Reconstruction and Development (EBRD) is providing 15 million euro of new financing to Romania’s Banca…
EBRD injected 700 million euro in Petrom, which spends now 1 billion euro annually
###author### EBRD First Vice President, Phil Bennett, said that EBRD invested about 700 million euro into Petrom over the years,…
Halliburton to buy Baker Hughes for about USD 35 bln
Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth…
