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New Onshore Oil & Gas Blocks in Albania, 15th October – Bidding Deadline

Albania’s Government Officials from the Ministry of Energy & Industry of Albania and AKBN will join IRN’s 4th Balkans Oil & Gas Summit to share more information on these rounds and other upcoming developments.

London, UK (PRWEB UK) 19 August 2015

The Ministry of Energy & Industry of Albania, recently announced that the oil and gas exploration bidding round deadline is 15th October for onshore blocks Panaja, C and 5 (map is availablehere), and is already in negotiations with the oil companies that submitted offers for onshore Blocks 4‎ and Dumrea.

Albania’s Government Officials from the Ministry of Energy & Industry of Albania and AKBN will join IRN’s 4th Balkans Oil & Gas Summit to share more information on these rounds and other upcoming developments.

oil map albania

Amongst experts to speak about Albania’s hydrocarbons industry will be:

  • Dorian Ducka, Deputy Minister of Energy and Industry, Albania
  • Dritan Spahiu, Director of Policies and Development of Hydrocarbons, Ministry of Energy and Industry, Albania
  • Dael Dervishi, Executive Director, National Agency of Natural Resources (AKBN), Albania
  • Dorina Cinari, Director, Extractive Industries Transparency Initiative (EITI), Albania
  • David French, CEO, Bankers Petroleum

The Summit will be held at the Sheraton Dubrovnik Riviera Hotel in Croatia on 23-25th September and will be attended by senior executives from oil and gas companies as well as energy Government Officials from all Balkans countries. A workshop day will also follow the Summit, with two workshops focusing on Adriatic and Black Sea prospects.

Highlights of last year’s Summit can be viewed at the official YouTube Channel of the organiser.

More information about the Summit is available on the website: http://www.balkanssummit.com and released bimonthly in the Summit’s newsletter to which someone can subscribe here.

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We Have Already Consumed a Year’s Supply of the Planet’s Resources in Less Than 8 Months

planet footprintIn less than eight months, humanity has used up nature’s budget for the entire year, with carbon sequestration making up more than half of the demand on nature, according to data from Global Footprint Network, an international sustainability think tank with offices in North America, Europe and Asia.

Global Footprint Network tracks humanity’s demand on the planet (Ecological Footprint) against nature’s ability to provide for this demand (biocapacity). Earth Overshoot Day marks the date when humanity’s annual demand on nature exceeds what Earth can regenerate in that year. Earth Overshoot Day has moved from early October in 2000 to Aug. 13 this year.

The costs of this ecological overspending are becoming more evident by the day, in the form of deforestation,drought, fresh-water scarcity, soil erosion, biodiversity loss and the buildup of carbon dioxide in the atmosphere. The latter will significantly amplify the former, if current climate models are correct. Consequently, government decision-makers who factor these growing constraints in their policy making will stand a significantly better chance to set their nation’s long-term economic performance on a favorable track.

“Humanity’s carbon footprint alone more than doubled since the early 1970s, when the world went into ecological overshoot. It remains the fastest growing component of the widening gap between the Ecological Footprint and the planet’s biocapacity,” said Mathis Wackernagel, president of Global Footprint Network and the co-creator of the Ecological Footprint resource accounting metric.

“The global agreement to phase out fossil fuels that is being discussed around the world ahead of the Climate Summit in Paris would significantly help curb the Ecological Footprint’s consistent growth and eventually shrink the Footprint.”

The carbon footprint is inextricably linked to the other components of the Ecological Footprint—cropland, grazing land, forests and productive land built over with buildings and roads. All these demands compete for space. As more is being demanded for food and timber products, fewer productive areas are available to absorb carbon from fossil fuel. This means carbon emissions accumulate in the atmosphere rather than being fully absorbed.

Graph foot

A Second Chance

The climate agreement expected at the United Nations Conference of Parties (COP) 21 this December will focus on maintaining global warming within the 2-degrees-Celsius range over pre-Industrial Revolution levels. This shared goal will require nations to implement policies to completely phase out fossil fuels by 2070, per the recommendations of the U.N.’s Intergovernmental Panel on Climate Change (IPCC), directly impacting the Ecological Footprints of nations.

Assuming global carbon emissions are reduced by at least 30 percent below today’s levels by 2030, in keeping with the IPCC’s suggested scenario, Earth Overshoot Day could be moved back on the calendar to September 16, 2030 (assuming the rest of the Footprint would continue to expand at the current rate), according to Global Footprint Network.

This is not impossible. In fact, Denmark has cut its emissions over the last two decades at this rate: Since the 1990s, it reduced its carbon emissions by 33 percent. Had the world done the same (while not changing the rest of the Footprint), Earth Overshoot Day would be on Oct. 3 this year.

This is not to say that Denmark has already reached a sustainable Ecological Footprint. Humanity would require the resources of nearly 3 planets if everyone lived like the Danes, which would move Earth Overshoot Day to May 8.

Business as usual 

By contrast, business as usual would mean using the resources equivalent to two planets by 2030, with Earth Overshoot Day moving up on the calendar to the end of June.

This projection assumes that biocapacity, population growth and consumption trends remain on their current trajectories. However, it is not clear whether a sustained level of overuse is possible without significantly damaging long-term biocapacity, with consequent impacts on consumption and population growth.

Tipping Point

“We are encouraged by the recent developments on the front line of renewable energy, which have been accelerating worldwide, and by the increasing awareness of the finance industry that a low-carbon economy is the way of the future,” said Wackernagel. “Going forward, we cannot stress enough the vital importance of reducing the carbon footprint, as nations are slated to commit to in Paris. It is not just good for the world, but increasingly becoming an economic necessity for each nation. We all know that the climate depends on it, but that is not the full story: Sustainability requires that everyone live well, within the means of one planet. This can only be achieved by keeping our Ecological Footprint within our planet’s resource budget.”

planet consuptionSource: Global Footprint Network & Samantha Page / Climate Progress

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TAP’s Managing Director: No proposal was put forward on Iran’s joining this project

Vusal NabiyevThe project has always been open to all companies which bring strategic value to it.

Baku. Vusal Nabiyev – APA-Economics. No discussion was conducted on Iran’s joining to Trans Adriatic Pipeline (TAP) and no proposal was put forward in this regard.

TAP’s Managing Director Ian Bradshaw told the aforesaid, APA reports quoting Anadolu agency. According to him, this project, which is part of the Southern Gas Corridor, is of strategic importance for the European market. TAP’s Managing Director said that the project offers new natural gas reserves to the region and thus increases energy security

“The project plans to deliver 10 billion cubic metres of gas per year to Europe, and possibly double that in the long-term future. Therefore, additional compressor modules and stations will be built. Moreover, the project will ensure gas transport in the opposite direction. Thus, these opportunities will be evaluated in case of excessive increase in urgent need and demand. In particular, there are many countries in South-East European region which will be able to benefit from the Southern Gas Corridor and TAP”, I.Bradshaw stressed.

Ian Bradshaw noted that the project would be completed in Italy, connecting pipelines offer many opportunities in gas transmission to Switzerland, Austria, France, Germany, Belgium and the UK and he said that Shahdeniz-2 gas would play an important role in supplying Bulgaria and Greece. Bradshaw also touched on the issue of transporting Iranian gas to Europe via TAP:

“TAP envisages only transportation of Azerbaijani gas to Italy through Greece and Albania. TAP is not competing with other gas pipeline projects in the region. We didn’t have any contact with Iran or propose the country to join the project. TAP is acting in accordance with EU legislation and related sanctions. Thus, the project has always been open to all companies that could bring strategic value to it,” he said.

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TAP vital to European energy security

The Trans-Adriatic Pipeline project, which envisages the transportation of gas from the second stage of development of Azerbaijan's giant Shah Deniz gas condensate field in the Caspian Sea to the European Union countries, has already ensured its strategic role in the EU's energy security.The Trans-Adriatic Pipeline project, which envisages the transportation of gas from the second stage of development of Azerbaijan’s giant Shah Deniz gas condensate field in the Caspian Sea to the European Union countries, has already ensured its strategic role in the EU’s energy security.

Recently, the TAP project, which is the western part of the Southern Gas Corridor that goes from the Greek/Turkish border to Italy through Albania, has been included in the European Commission’s list of 33 priority energy security Projects of Common Interest.

The EC, in a positive decision to grant exemption to the pipeline from third party access, highlighted the “overall positive impact for the EU of this investment as it is responding directly to the Security of Supply objective of diversification of gas sources, routes and counterparties”.

Also, the European Investment Bank reported that it is considering providing a 2 billion euro loan to the TAP project, pending approval from the Board of Directors of the bank.

All of these facts show EU desires for the implementation of TAP. As the pipeline’s fame increases by the day, countries show great interest in acquiring shares in the project.

In July, a source in the Turkish government told Trend that Turkey intends to acquire shares in the TAP project. The source said that the acquisition of a stake in TAP is a historic opportunity for Turkey, and Ankara is not going to miss it. Currently the issue is being considered, according to the source.

TAP is meant to transport gas from the Caspian region via Greece, Albania, and the Adriatic Sea to southern Italy and further to Western Europe. The pipeline’s total length is about 870 kilometers.

The construction of the pipeline is scheduled to start on May 16, 2016. TAP’s initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year.

The construction of TAP will not only provide European countries with Azerbaijani gas, but also pave the way for establishing a significant gas pipeline and infrastructure network in the region.

Shares of TAP are held by BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (19 percent), Enagás (16 percent), and Axpo (5 percent).

By Aynur Karimova

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Albania picks bids by Shell, Delek unit for oil exploration

Albania has picked a venture led by Royal Dutch Shell and a company owned by Israeli’s Delek Group to carry out onshore oil exploration projects, subject to final contract agreements, an official told Reuters on Monday.

Shell Upstream Albania BV and Canada’s Petromanas will now negotiate with Albania’s National Resources Agency to get the final go-ahead to explore in sector four of the country, southeast of their current drilling site at Shpirag.

Navitas Petroleum, controlled by Israeli’s Delek, made the winning bid to explore the area of Dumre in central Albania.

The two successful bids followed more than two years of preparations by Albania to auction off more blocks, after it postponed the auctions of some onshore blocks because companies required more time.

The auction of offshore blocks was also delayed, because of Albania’s dispute with Greece over the division of their continental shelf in the Ionian Sea.

Promising initial results from a well in Shpirag by the Shell-Petromanas partnership has increased Shell’s interest in Albania and drawn international interest, despite low oil prices and the failure of previous exploration attempts in the country following the toppling of communism in 1991.

Reuters

 

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Oil sands, heavy oil, and bitumen : from recovery to refinery

 download (3)During the late 1970s, when I was a graduate student just stepping into the petroleum arena and working toward my doctorate, the biggest fear in this field was the Organization of Petroleum Exporting Countries (OPEC). At that time, OPEC had an extraordinary influence over world oil industries. Baby boomers will remember the notorious “OPEC shock” of the ’70s, which caused panic in this country and had an immediate economic impact all over the world. More than a quarter-century later, that worry has diminished. OPEC’s ability to control the industry has immensely decreased, mostly because of the increasing availability of unconventional resources around the world. The vast oil sands deposits found in Canada—which are the second largest reserve, after the conventional resources in Saudi Arabia—changed everything. Few would disagree that the balance of power has shifted from the Middle East to the West. Canadian oil sands have become the focal point and comprise a major future energy source for the entire world—and will remain such as long as the price of conventional oil remains high.

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