Search results for: Albania

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  • 10 May 2017

    The construction of the Trans Adriatic Pipeline in Albania has been stopped after an ancient settlement has been discovered at the designated route. The pipeline is being built to carry gas from the Shah Deniz field in the Caspian Sea, off Azerbaijan, to Europe. It will connect with with the Trans Anatolian Pipeline (TANAP) near […]

  • 16 March 2017
    Business & Finance

    Greek oil firm Energean Oil & has signed an exploration and production concession contract with Montenegro covering offshore blocks 4219-26 and 4218-30. To remind, the company had reached an agreement over the blocks in mid-2016, however the deal had to be ratified by the Montenegro government. Following approval from the Parliament of Montenegro, the final […]

  • 20 January 2017

    The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.

  • 19 January 2017

    By Ron Bousso LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have announced 11 deals worth more than $500 million (408 […]

  • 13 January 2017
    Business & Finance

    Finland and China are scheduled to join The Nairobi International Convention On The Removal of Wrecks starting from January 27 and February 11, 2017, respectively. The convention, which entered into force on April 15, 2015, adopts strict liability and compulsory insurance, regulating that the registered shipowner has the obligation to locate, mark and remove the […]

  • 2 January 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    The editors of Subsea World News have selected a few among many worth remembering articles from the previous year that received exceptionally high attention from our readers. In no particular order, here are some of the news to look back on, in case you missed them last year. Enjoy. South Stream Transport B.V. awarded the […]

  • 19 December 2016

    Oil and gas company San Leon Energy has been approached by an unnamed firm for a possible takeover offer, the second one in less than two years.  The company, with oil and gas assets across Europe and Africa including offshore assets in Albania, Ireland, and Morocco, confirmed on Monday it has received an approach from a possible […]

  • 7 December 2016

    The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, a large gas field in the Caspian Sea. According to Manila-based ADB, the assistance comprises a $500 million private sector loan to the Southern Gas Corridor Closed Joint Stock Company (SGC) and a $500 million sovereign-counter […]

  • 7 December 2016

    The Asian Development Bank said Wednesday it will loan $1 billion for the expansion of Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields. The loan consists of a $500 million private sector loan to the Southern Gas Corridor Closed Joint Stock Company (SGC) and a $500 million sovereign-counterguaranteed partial credit guarantee, ADB […]

  • 29 November 2016

    The Greek Ministry of Energy and Energean Oil & Gas, a Greek E&P company, have agreed on the conversion of the exploration license for the proven West Katakolon offshore field to a 25-year exploitation license with immediate effect. The West Katakolon Exploitation area is part of the Katakolon Concession Area off Western Greece, and it covers […]

  • 8 June 2016
    Business & Finance, Equipment

    ABB, the EPC contractor for the delivery of control equipment for the Trans-Anatolian Natural Gas Pipeline (TANAP), has contracted OptaSense, a QinetiQ company, and its partner Optilan to provide leak detection and security packages for the pipeline. Control infrastructure includes telecommunication, pipeline monitoring, security systems, control systems and integrating SCADA (supervisory control and data acquisition). The TANAP natural gas pipeline […]

  • 17 May 2016
    Business & Finance, Operations & Maintenance

    Construction works of the Trans Adriatic Pipeline (TAP) start today at the official launching ceremony in Thessaloniki, Greece, hosted by Greek prime minister Alexis Tsipras. TAP will be an 870 km long gas pipeline running from Komotini in Greece to Puglia in Italy, via Albania. It will be used to transport gas from Shah Deniz […]

  • 17 May 2016

    Maroš Šefčovič, European Commission’s Vice-President for the Energy Union, will represent the Commission in a ceremony to launch the construction works of the Trans-Adriatic Pipeline (TAP) in Thessaloniki, Greece on Tuesday, May 17. The event is hosted by Greek Prime Minister Alexis Tsipras. TAP will be an 870 km long gas pipeline running from Komotini in Greece […]

  • 21 April 2016
    Equipment

    Germany’s Salzgitter Group has won a contract to supply a large batch of pipes in support of the construction of the offshore section of the Trans Adriatic Pipeline. The German supplier will deliver more than 71,000 t of large-diameter pipes measuring 36 Inch in diameter for the 110 km long offshore leg of the Trans Adriatic […]

  • 19 April 2016
    Project & Tenders

    Italian contractor Saipem has been awarded new E&C (Engineering & Construction) contracts valued at approximately €430 million ($487 million). The first is a contract with Statoil, for the lift and mating operations of offshore floating wind turbines for the Hywind Scotland project. The 30 MW project is the first floating wind farm being built by Statoil off […]

  • 17 April 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development

    Subsea World News has put together a recap of the most interesting articles from the previous week (April 11 – April 17). Kongsberg Maritime’s UK division has uncovered the long lost model of Nessie which was used during filming of 1970’s “The Private Life of Sherlock Holmes”. The discovery was made during a survey of […]

  • 14 April 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Saipem has been awarded a new contract regarding the offshore section of the Trans Adriatic Pipeline project. The contract has been awarded by Trans Adriatic Pipeline AG, a joint venture between BP, SOCAR, Snam S.p.A., Fluxys, Enagás and Axpo. The EPCI contract (Engineering, Procurement, Construction and Installation) involves the installation of a gas pipeline between […]

  • 11 March 2016

    Trans Adriatic Pipeline AG, a company building a namesake natural gas pipeline, has awarded Spiecapag a contract for three lots of onshore gas pipelines. Under the contract awarded, one pipeline lot represents 185 km in Greece – between Kipoi and Kavala – and two lots are totalling 215 km in Albania, between Bilisht and Topoje. With a […]

  • 4 March 2016

    The European Commission has given nod to a deal for a pipeline that will bring “new gas” to EU and “increase the security of energy supply for Southeast Europe.” More precisely, the EC has found the Host Government Agreement between the Greek authorities and the Trans Adriatic Pipeline to be in line with EU state […]

  • 4 March 2016
    Business & Finance, Operations & Maintenance

    The European Commission has found the Host Government Agreement between the Greek authorities and the Trans Adriatic Pipeline to be in line with EU state aid rules. The project should improve the security and diversity of EU energy supplies without unduly distorting competition in the single market. Margrethe Vestager, commissioner in charge of competition policy, stated: […]

  • 4 March 2016

    European Commission on Thursday approved the deal between Greece and the Trans Adriatic Pipeline, ruling it was in line with EU state aid rules.

  • 21 January 2016
    Business & Finance

    All talks have ended regarding a potential takeover offer for San Leon Energy, an independent oil and gas exploration company with headquarters in Ireland, by an unnamed party.  In August 2015, San Leon was approached by a possible offeror. However, San Leon noted that the approach may or may not lead to an actual offer […]

  • 1 December 2015
    Business & Finance

    Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG (TAP) to the Italian gas infrastructure company Snam SpA. The Norwegian oil and gas giant is selling its interest in TAP for a total consideration of EUR 208 million […]

  • 14 August 2015
    Project & Tenders

    The operator of the Shah Deniz field, the UK oil and gas major BP, has released a video showing the progress of the Shah Deniz Stage 2 project.  According to BP, Shah Deniz Stage 2 is one of the largest gas developments in the world that will help increase European energy security by bringing Caspian gas resources […]

  • 24 July 2015
    Project & Tenders

    Global Petroleum Limited, an oil and gas exploration company presently focused on emerging plays in Africa and the Mediterranean, has decided to withdraw from the application for an extension into the second phase of the Juan de Nova Permit, in the Mozambique Channel.  Namely, the company applied for an extension in August 2013. Global says that given […]