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Petrom to Invest in Oil Field Redevelopment
OMV Petrom invests € 90m for the Oprisenesti oil field redevelopment.
May 21, 2013
Croatia‘s and Hungary‘s Fight About Oil Company Ina
The dispute between core shareholders of Croatian oil producer Ina has started anew.
May 17, 2013
Three Major Energy Companies to Withdraw from Poland
After ExxonMobil two other huge energy enterprises left Poland after unsucessfully drilling for shale gas.
May 16, 2013
Voestalpine Hopes for Participation in South Stream Project
CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.
May 16, 2013
Bosnia, Serbia and Turkey to Sign Economic and Trade Agreement
Ministers for trade and economy from Ankara, Belgrade and Sarajevo agreed to improve economic relations in an effort to enhance shared trade.
May 15, 2013
Ukraine and Poland Could Be Future Leaders in Shale Gas Production
Management consultant enterprise A. T. Kearney regards Poland and Ukraine as the future European leaders in the productin of shale gas.
May 15, 2013
Prolongation of Nabucco Exemption Confirmed
National Regulators Confirm Prolongation of Nabucco Exemption
May 14, 2013
Bulgaria: CEZ to Keep License
Former PM Borisov had been critical of CEZ in Bulgaria. Energy Minister Vasilev annouced the power supplier would not lose its license.
May 13, 2013
Romania Seeks Energy Independence
The Black Sea has huge deposits in gas which Romania wants to use to achieve energy autonomy.
May 8, 2013
Gazpromneft-Aero Signed Major Contract With Turkish Airlines
Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.
May 8, 2013
Czech Republic: Extraordinary Income Boosts CEZ Results
Increase in net profits by 24 % results from revenues from the certificates and integrations.
May 8, 2013
OMV: Investments in Austria to Increase to € 450m
With extra investments OMV intends to improve the exploration of domestic production fields. However, there are currently losses in the gas business.
May 7, 2013
Slovenia: South Stream Gas Pipeline Project to Get National Priority Status?
Russia urges Slovenia to give the South Stream gas pipeline project national priority status.
May 6, 2013
CESEE: Business Climate Index Dropped in April
Enterprises in CESEE countries remain cautious for the most part.
May 2, 2013
Austria: EVN Results Expected to Be Below Estimates
EVN specifies expected consolidated Group net profit as of 09/30/2013
May 2, 2013
Romania: US Chevron to Explore for Shale Gas
Chevron gets green light for exploration of shale gas in Dobrogea blocks.
May 2, 2013
Verbund: Result Decreased Significantly by 40.3 %
Negative Earning Trend for Quarter 1/2013 in a difficult energy and general economic environment.
May 2, 2013
Joint Energy Diversification Plans for Ukraine and EU
Ukraine and EU share Energy Diversification Plans - Energy Community Official.
April 30, 2013
Turkey: CEZ Partner to Sell Stakes
CEZ's Turkish JV partner Akkok in talks about possible sale of its stake in SEDAS
April 30, 2013
Romania: OMV Petrom, Exxon And Transgaz To Team Up
According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.
April 30, 2013
EU Ready to Adopt Measures Over CEZ in Bulgaria
Van Rompuy promised to take actions during his visit in Prague.
April 29, 2013
Foreign Enterprises Complain About Romanian Policy Making.
Regulations in energy sector were changed overnight.
April 26, 2013
Verbund AG: Closing of The Asset Swap With E.ON
Verbund, Austria’s leading electricity company, and E.ON, one of the world’s largest energy providers, finalised the asset swap that was signed on 3 December 2012.
April 26, 2013
Rosneft: Ambitious Plans
Russion oil producer intends to increase its shareholder value by 60 % in the next two years.
April 26, 2013
Poland: Audit at Oil and Gas Company PGNiG
Poland’s new Treasury Minister Wlodzimierz Karpinski announced on Wednesday to carry out an urgent audit at Polish state-controlled oil and natural gas company PGNiG.
April 25, 2013
Czech Republic: New Rounds of Negotiations for Temelin Tender
Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.
April 24, 2013
Putin: Stimulus Package for Russian Economy
Because of the present stagnation Putin demands a stimulus package for Russian economy.
April 22, 2013
EU Countries to Use Ukrainian Gas Storage Facilities
EU Countries Show Interest in Ukraine’s Gas Transportation System
April 19, 2013
Austia: Stable Industrial Production
Austrian industrial enterprises are particularly concerned about the future. The order situation was stable last year, however, only because of domestic orders. Sales in exports are still decreasing.
April 12, 2013
EU Examines Bulgarian Electricy Market
On request of the Bulgarian Government, an expert group will examine the prices for electricity after the protests. Another issue is the independence of the energy regulator.
April 12, 2013
Gazprom to Be Joined By Shell
Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.
April 9, 2013
Law Files Against Bulgaria from EVN and CEZ.
Power Suppliers EVN, CEZ and Energo Pro have to face high losses. CEZ announced to file a law against Bulgaria as well.
April 3, 2013
Poll: Estonians Want Economy Minister to Resign
56 % of Estonian citizens want the Economy Minister Parts to step down.
April 3, 2013
Gazprom to Absorb Romanian Bunkering Operator
Gazprom affiliate Neft Marine Bunker LLC has acquired Romanian Marine Bunker Balkan.
April 3, 2013
Serbia: GDP Decreased by 1.7 % in 2012
Based on data released by the Statistical Office, GDP fell by 1.7% in 2012. Broken down by quarter, real y-o-y GDP fell by 2.7% in Q1, 0.3% in Q2, 2.1% in Q3 and 2.0% in Q4.
March 30, 2013
EVN to Get Support by State Secretary
State Secretary Lopatka intervened in EVN’s dispute with Bulgarian government. He urges Bulgaria to ensure protection of investments.
March 29, 2013
Czech Republic: Gazprom to Build New Gas Storage Tanks
Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.
March 26, 2013
Ukraine and Deutsche Bank Signed Agreement
In order to finance the reconstruction of gas transportation system of Ukraine last year a loan agreement between the Ukrainian "UkrTransGas" subsidiary company "Naftogaz of Ukraine" and Deutsche Bank was signed.
March 26, 2013
Roiss: “A European Concept and Joint Investments Are Needed“
In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.
March 25, 2013
Russia Enhances Oil Supply to China
Experts describe the dealings as a community of purpose rather than a sign of improved relations.
March 23, 2013
Cyprus: Negotiations About “Plan B“ Today
After days of negotiations in Moscow, Cyprian Finance Minister had to return empty-handed. Talks about “plan B” will continue today.
March 22, 2013
Cyprus: No Hope in Sight Yet
It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.
March 20, 2013
Cyprus Appeals for Help to Russia
In a vote on Tuesday the government has decided not to use the private money of Cyprus‘ citizens to help bail out the banks. After the rejection, the EU aid package is now off. Cyprus hopes rest on Russia at this point.
March 20, 2013
Russia: Gazprom Runs the Risk of Losing Market Shares
According to the newspaper “RBC Daily”, Gazprom stands to lose a further market share for gas supply as German energy enterprises are prompting the government to start producing shale gas.
March 19, 2013
EVN to Start Arbitration Procedure
Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.
March 19, 2013
Austria: EVN To Sell Devoll Hydropower To Statkraft A. S.
Agreement regarding the sale of EVN AG's stake in Devoll Hydropower ShA, a project entity for the construction of a hydro power plant in Albania, to Statkraft A.S.
March 14, 2013
Slovakia: CPI Remains Constant
In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.
March 14, 2013
Russia: Battle Between Rosneft And Gasprom Starts
The fight between Russia’s two biggest energy providers Rosneft and Gasprom has started. Rosneft tries to snatch away large deposits of raw oil and reports Gasprom to the government.
March 12, 2013
Bulgaria: Caretaker Government Announced
Three weeks after the stepping down of Bulgaria’s right-of-center government, President Rosen Plevneliev put together an interim government.
March 12, 2013
Bulgaria: Latest Protests Against Privatizing of Railway
Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).
March 12, 2013
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