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March 28, 2012
Greek bailout is a Pyrrhic victory

The latest bailout package brings a new round of harsh austerity measures that will further undermine Greece’s economy, Levy study says.

November 8, 2011
Finance: Europe

American financial institutions hold very little Greek debt compared to European banks, but they are major issuers of credit default swaps, a device used by bondholders to cover themselves against default, explains Ryan Huard.

American financial institutions hold very little Greek debt compared to European banks, but they are major issuers of credit default swaps, a device used by bondholders to cover themselves against default, explains Ryan Huard.

 

September 19, 2011
New partners join South Stream project

New partners from Germany and France have been signed up to the South Stream gas pipeline project, it has been announced.

New partners from Germany and France have been signed up to the South Stream gas pipeline project, it has been announced.

Germany’s Wintershall Holding and France’s EDF have each acquired a 15 per cent stake in the offshore section of the South Stream project through a 30 per cent reduction of Italian Eni's stake.

South Stream is a project conceived by Russia’s Gazprom to construct a gas pipeline across the Black Sea to South European and Central European countries, for the purpose of diversifying natural gas export routes.

September 8, 2010
MFC Group

MFC Group is using new innovations in automation, cellular manufacturingand lean manufacturing to increase market share and customer satisfaction.

Rob Harris investigates how MFC Group is using new innovations in automation, cellular manufacturingand lean manufacturing to increase market share and customer satisfaction.

 

June 21, 2010
Agreement signed for European pipeline

A group led by the Italian energy group Edison has signed a deal for a pipeline to carry Caspian gas to Italy via Turkey and the Adriatic, cutting Europe’s dependence on Russia as its main gas supplier.

A memorandum of understanding for the Interconnection Turkey-Greece-Italy project, or ITGI, was signed yesterday in Ankara between Edison, Turkey’s state- run natural gas company Botas and Greek natural gas company Depa.

The ITGI project aims to transport an annual eight billion cubic metres of gas to Italy by upgrading existing infrastructure in Turkey and Greece and building a final link to Italy.

July 1, 2009
Ithaca Energy

Shining Ithaca
Pessimists say that the North Sea is in decline, but there’s enough oil and gas under there to keep it active for decades. John O’Hanlon speaks to John Woods, chief development officer of Ithaca Energy (UK) Ltd.
Ithaca Energy is focused on the oil and gas resources of the North Sea, parcelled out in a series of annual licencing rounds by the UK government. The economics are simple, if their application is complex. As oil prices rise, it becomes worthwhile to drill for reserves that aren’t a paying prospect when prices are low, and Ithaca’s team has vast experience in the North Sea. John Woods, chief development officer for Ithaca, knows the oilfields like the back of his hand, having spent 25 years working with large operators and managing some of the most complex developments there, and he now screens potential assets with a view either to acquire them or to purchase an interest.