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TAP re-launches its procurement process
TAP has taken the decision to re-launch its procurement process, following a review of its strategy and schedule. TAP will therefore initiate new pre-qualifications for goods and services that the natural gas pipeline project requires.…
Albanian Oil Refinery and Escalera Resources to form joint venture
Escalera International Co. LLC, a subsidiary of Escalera Resources Co. (formerly Double Eagle Petroleum Co.), has signed a memorandum of understanding with AOR Albanian Oil Rafinery SHA (AOR) to form a joint venture to identify and acquire…
Southeast European LNG Projects on the Move
Recent developments regarding the Ukrainian crisis and the overall activation of the Trans-Adriatic Pipeline (TAP) has resulted in a commotion on the Southeast European gas market with regards to the viability of several LNG projects that…
TAP receives compound development permit in Albania
Compound Development Permit – Phase 1 for the TAP project approved by the Albanian National Territory Council (KKT)
Tirana, Albania. The Compound Development Permit – Phase 1 for the Trans Adriatic Project (TAP) is approved by the…
Oil producer in Albania increases oil sales
Bankers Petroleum (TSE:BNK), which produces oil and gas in Albania, rose to the highest in two years after reporting its first year of free cash flow and 23 percent increase in oil sales.The shares added 2.3 percent to C$5.30 at 1:57 p.m.…
Greece the Gateway for the EU Gas Supply
By virtue of its geographical location, the strategy of Greece in the natural gas sector is to contribute to the development of a competitive, liquid market in South East Europe and to maintain the momentum on energy security as well as the…
KOSOVO TRANSMISSION DEVELOPMENT PROJECT
KOSTT (the Borrower or the Company) the electricity transmission system operator (TSO) in Kosovo intends using the proceeds of a loan from the European Bank for Reconstruction to enable KOSTT to achieve full compliance with the N-1…
Albania to Ask Petromanas Compensation for Operations Delay
Canada-based Petromanas confirmed its planned activities in Albania, despite some difficulties with the local government for licenses in Blocks D-E.
It announced on Tuesday that the Albanian National Agency of Natural Resources would…
Petromanas provides update on Albanian activities
Petromanas Energy Inc. ("Petromanas" or the "Company") (TSXV: PMI) today provided an update on its drilling and testing activities on Blocks 2-3, in which it holds a 25% working interest and is the Operator with Shell holding the remaining…
Regulators approve the Compliance Programme of TAP
The three national regulatory authorities of Albania (ERE), Greece (RAE) and Italy (AEEGSI) have approved the first Compliance Programme proposed by the company TAP AG for TAP, the pipeline that will bring Azeri gas to Italy, through Greece…