Pennine Petroleum Albania Velca block oil-gas exploration deal
Canadian Pennine Petroleum Corporation announced that it has signed the main terms and conditions of a production sharing agreement for the Velca Block, in southern...
Category : Energy News
Socar-BP-Exxon-Encana-TPAO drops Caspian JV project
Socar and its partners BP, Statoil, ExxonMobil, Canada’s Encana and Turkey’s TPAO abandoned the contract for Araz-Alov-Sharg project, in a deep-water section of Caspian. Almost...
Chinese to take over Rosneft Russia in privatization 2016
Decision on the privatization of shares of Russian oil giant Rosneft has been taken and all revenues from privatization will be transferred to Russia’s federal...
Romgaz, Lukoil Overseas and PanAtlantic Petroleum quit Black sea exploration rights
The Romgaz, Lukoil Overseas and PanAtlantic Petroleum companies, partners in the exploration of the EX 29 East Rapsodia oil perimeter in the Black Sea, gave...
OMV eyes Russian gas-oil production, asset swap with Gazprom to boost financing
According to OMV chief executive, Austrian energy company plans to produce over 50,000 barrels of oil equivalent (boe) a day at Russian oil and gas...
Gazprom Nord Stream 2 realistic for major EU countries
The new pipeline, named Nord Stream 2 after the first version, is a project of Gazprom and E.ON and BASF/Wintershall of Germany, OMV of Austria,...
SOCAR contracts Italian Maire Technimont for Baku refinery modernization project
SOCAR contracted Maire Technimont from Milano Italy for a modernization project in its Baku based refinery. State Oil Co. of Azerbaijan Republic (SOCAR) has let...
OMV selling its Turkey assets
OMV AG is selecting advisors to assist with the sale of part or all of OMV Petrol Ofisi AS, a wholly owned wholesale and retail...
Exxon-OMV completed Black sea Romania gas exploration project
US oil company ExxonMobil and Romanian oil & gas group OMV Petrom have completed the exploration work in the Neptun Deep perimeter located in Romania’s...
Shell expands with new Albania oil block assets
The oil industry in Albania is currently booming. A total of eight oil companies have acquired licenses for 18 blocks, both onshore and offshore. Besides...
