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Concession a ‘low-geological-risk asset at the optimal depth,’ says chairman Kastriot Bejtaj The meeting was to review budget, but N. Desmond Smith believes some important collaborative capital is also in play. On Friday, Jan. 12 in…

Pennine Petroleum Corporation (TSX Venture: PNN or the “Corporation” or “Pennine”) is pleased to announce that it has signed a Production Sharing Agreement (“PSA”) with Albpetrol Sh.A (“Albpetrol”) for the exploration and development of the…

Albania delayed by a month to mid-July the bidding for companies keen to explore for oil and gas on five onshore blocks and indefinitely for two offshore blocks, officials said on Monday. A week before offers for the onshore bids was due…

San Leon is pleased to confirm that the Second Amendment ("Amendment") to its Petroleum Sharing Contract ("PSC") for the Durresi Block, offshore Albania, where the Company holds a 100% operating interest, became effective on 31 July 2013…

Viktor Doda, former Minister of Industry and Energy in 2002-2005, calls the stance of the departing government arrogant and absurd against ARMO, by blocking work in the refinery only with a verbal directive. According to him, this action…

San Leon is pleased to announce it has today signed an amendment (“Amendment”) to its Petroleum Sharing Contract (“PSC”) for the Durresi Block, offshore Albania, where the Company holds a 100% operating interest.The Amendment alleviates the…

Beach Energy Ltd advises of its withdrawal from Spain and Albania and the expiry of the South East July concession in Egypt.Beach wishes to advise that as part of its ongoing portfolio management, the company has given notice to its…

From confidential sources, the Production Sharing Contract for the exploration, development and production of petroleum in onshore Albania blocks "4, 5 and Dumre" with the Texas company Sky Petroleum Inc. is terminated due to non…