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July 7, 2015
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Germany lends Albania 106 mln euros ahead of Merkel visit

Chancellor Angela Merkel* Germany lends Albania 106 million euros for power, water

* Deals signed before visit by German Chancellor Angela Merkel

TIRANA, July 6 – Germany lent Albania 106 million euros on Monday to back the country’s cash-strapped utilities, fund small and medium-size enterprises and bring water to rural areas.

The agreements were signed by ministers of Albania’s coalition government and Germany’s ambassador before a visit by Germany’s Chancellor Angela Merkel on Wednesday.

At the weekend, Merkel urged the western Balkan states of Albania, Serbia and Bosnia and Herzegovina to build greater political stability, to smooth their path to membership in the European Union. She will visit all three countries this week.

Her visit also comes after debt-ridden Greece voted against accepting a bailout on terms imposed by its creditors. Greek banks are active throughout the Balkans, and fears have been growing that the debt crisis could spread in the Balkans.

However, an International Monetary Fund team said last week Greece’s troubles were unlikely to spill into Albania. Three units of Greek banks controlled 15.9 percent of total assets in Albania in 2014, but unlike Macedonia and Serbia, Albania has not restricted capital transactions with Greece.

“Today is a good day … After years of preparation, we signed six important financial cooperation deals,” German Ambassador Helmut Hoffmann said after the signing.

“This creates an excellent atmosphere on the eve of the visit after two days of the Federal Chancellor Angela Merkel. Hundreds of thousands of Albanians gain from these projects.”

Most of the funds from Germany will fund the electricity sector, with 40 million euros ($44 million)going to the KESH monopoly power producer and 20 million euros for the security of hydro power dams.

Albanian Finance Minister Shkelqim Cani said Germany had helped Albania since 1988 – two years before the Iron Curtain fell – with more than 1 billion euros in aid, including its European Union and United Nations contributions.

On Sunday, Hoffmann commemorated with Albanian villagers the massacre of 107 people in eastern Albania by the German Army in World War Two in retaliation for a partisan attack, saying every German felt ashamed.

(Reuters)

July 6, 2015
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Global Oil&Gas Black Sea and Mediterranean 2015 – Programme

728x90Programme overview

Day 1: Wednesday 23rd September 2015 

 

Chairman’s Welcome & Introductions

Costis Stambolis, Chairman, The Institute for Energy in South East Europe (IENE)  
 

Host Government Ministerial Address

 

SOUTH EASTERN EUROPE ENERGY OVERVIEW:

KEYNOTE PRESENTATIONS: “The Commercial and Strategic Landscape of Upstream Development in South Eastern Europe”

  • Latest expert market analysis of both Black Sea and Mediterranean energy landscapes
  • Upstream developments, opportunities and progress in key projects
  • Future prospects and next licensing rounds – where, when, what? 
  • The potential role for South Eastern European energy to supply the region, and beyond into Eurasia and the European Union

FOCUS ON:  THE BLACK SEA

 “Clarifying the Key Challenges to Stakeholders and Operators Prospecting the Black Sea Region”
“A Renaissance for Black Sea Developments? The Romanian Domino Gas Field”

  • What are the prospects for this region offshore Romania?
  • Technical challenges of drilling and developing Domino and others including Pelican South, Neptun and Dolphin
  • Challenges for deepwater and subsea production in this region of the Black Sea
  • Getting the gas to local markets – project proposals and delivery examined 

Speakers:

(Session Chairman) Andrew Costin, President, Petroleum Club of Romania 

Dragos Ionut Neagu, Head of Engineering & Fabrication Department Managing Director, Marine Offshore Consultants 

Dimitra Schina, First Secretary for Economic and Commercial Affairs, Office for Economic and Commercial Affairs of the Greek Embassy, Bucharest 
 

The New Royalties System in Romania and What it Means for the Industry

Ramona Volciuc-Ionescu, Partner, VOLCIUC-IONESCU SCA 
“The Turkish Black Sea:  Positive Opportunities in E&P beyond 2015”
 

  • What are the latest opportunities in this specific region?
  • Challenges of ultra deepwater drilling 
  • What is Turkey’s ambition for developing Black Sea resources? 
  • Which plays are most likely to produce hydrocarbons? 

Speaker

Mustafa Sezgin, Group Head, Energy Market Regulatory Authority, Turkey 

 

Modern Challenges for Offshore Oil&Gas Companies

  • Main business risks of oil and gas offshore exploration and production
  • Challenges for Russian oil and gas offshore exploration and production developments
  • ‘Chernomorneftegaz’ history and development

Speaker:

Andrey Palyura, Leading Engineer, State Unitary Enterprise Of Crimean Republic “Chernomorneftegaz” 
 

“Developments in the Bulgarian Black Sea – Project and Drilling Updates and Findings”

  • Latest updates from Silistar, Teresand Han Aspurah blocks licensing rounds
  • Development of the Bulgarian Black sea Shelf and EEZ examined 
  • Future opportunities in licensing and activity onshore and offshore discussed 

PANEL DEBATE:  “The Challenges of Ultra-Deepwater: Can Black Sea become the next Caspian or North Sea?”

  • Potential for development of region into major global energy producer
  • Future prospects for Georgia, Ukraine and Russian Black Sea regions? 
  • Technical challenges – Seismic, Data, Logging, Reservoir Simulation, Analysis 
  • Cooperation and transparency between host developers and international operators and services providers 

Speaker: 

Arve K. Thorsen, Product Line Manager LWD / FE, Baker Hughes   
 

Evaluation of Geological Conditions In Discovery of Hydrocarbon Fields in Georgia’s Offshore Region

  • Geological, geophysical (mostly seismic) and drilling activities in West Georgia and its offshore part
  • Petroleum systems working in the sedimentary cover of the East Black Sea Basin and its eastern onshore prolongation (Rioni Basin) 
  • The various hydrocarbon bearing formations and types of leads and prospects in Georgian offshore fields

Speaker:

Soso Gudushauri, Chief Geologist, Georgian Oil & Gas Corporation  
Chairman’s Review of Day with Open Floor Q&A 

 

Day 2: Thursday 24th September 2015
 

Chairman’s Welcome & Review of Day 2 

Costis Stambolis, Chairman, The Institute for Energy in South East Europe (IENE)
 

FOCUS ON: THE EAST MEDITERRANEAN

“Overview of the East Mediterranean Landscape – Game-Changing Possibilities and Growth to Drive Energy Self-Sufficiency for the Region”

Speakers:  

Charles Ellinas, Chief Executive Officer, Cyprus Natural Hydrocarbons Company  

Mehmet Sunnet- Cioglu, Senior Expert Petroleum Engineer, Turkish Petroleum Corporation (TPAO) 

Dr. Naji Abi Aad, Chief Operating Officer, Petroleb 

Michael Gardosh, Head of Geology and Geophysics Department, Israeli Ministry of National Infrastructures, Energy and Water Resources 

Wissam Chbat, Board Member- Head of Geology and Geophysics Department, Petroleum Administration, Lebanon  
“The Levant Basin: The Tamar and Leviathan Discoveries, Progress to 2020” 

  • Latest developments on two of the world’s largest offshore gas discoveries in history 
  • Technical challenges of subsea environment: 5 subsea wells, world’s longest subsea tieback (150km in 5500ft water depth)
  • Developing and connecting multiple assets – rich pickings, testing operational conditions 
  • Getting the gas to markets – regional export opportunities to Egypt, Jordan and Turkey
  • Noble & partners share latest project developments – will supply get to market by 2017?
  • What are the export options and when do these expect to start up?
  • Floating LNG opportunities and feasibility: Pre-FEED confirms viability

Speakers:

Chris Schenk, Task Director, U.S. Geological Survey 

Solon Kassinis, Chairman, Kassinis International Consulting Company 

“North African & Southern Mediterranean: Future Prospects for E&P” 

Speaker:

Dr. Rabia Hunky, Senior Specialist Reservoir Engineering, National Oil Corporation Libya 

Abed Ezz Elregal, Chairman of the Board, Gulf of Petroleum Company
FOCUS ON GREECE: “The Aegean & Ionian Seas: Opportunities, Projects and Growth”

  • Latest opportunities in Aegean & Ionian Blocks: the next licensing round examined
  • Why offshore Greece? Understanding the opportunities and challenges to operators 

Speakers:

Dr Sofia Stamataki, President, Hellenic Hydrocarbons Resources Management SA, Ministry of Environment, Energy and Climate Change, Greece 

Mathios Rigas, Chairman & Chief Executive Officer, Energean Oil & Gas

Konstantinos Nikolaou, Petroleum Geologist and Member of the Board of Directors, IENE 

Ioannis Gregoriou, Mining Engineer and Geophysicist & Director of Hydrocarbons Research and Production Department, Hellenic Petroleum 
 

FLNG Options, Economics and Opportunities

Speaker:

Richard Whitehead, Vice President, Global LNG Business, DNV 
Natural Gas & LNG Supply, Transmission & Shipping: Getting New Hydrocarbons to Markets

  • Natural gas transmission in SE Europe and the South Corridor: Trans-Anatolian Pipeline (TANAP), Trans-Adriatic Pipeline (TAP) – is this the future post-Nabucco?
  • The potential role of LNG, Floating LNG, CNG, in shipping, and in gas storage infrastructure
  • Connecting markets: what are the most viable options for improved South Eastern European energy procurement?
  • Land vs. Sea – A dilemma for East Mediterranean gas supply

Speakers:

Dimitrios Manolis, Deputy Head – International Activities, DEPA 

Tor-Ivar Guttulsrød, Director FLNG, American Bureau of Shipping 
FOCUS ON NORTH MEDITERRANEAN:  Panel Debate – “West Balkans and Adriatic Sea: New Frontiers and Development Prospects”

  • What are the prospects for hydrocarbons discoveries and developments within the region including Croatia, Montenegro, Albania and Serbia?
  • Examining the current investment and fiscal climate – what can Adriatic and Balkan countries do to best attract upstream interest from operators?
  • Who is currently developing new upstream resources and how can the European Union best cooperate to help integrate new supply into energy infrastructure?

Speakers:

(Moderator) MiranMaćešić, Managing Partner,  Maćešić and Partners 

David French, Chief Executive Officer, Bankers Petroleum 

Ilia Gjermani, Head, Regulatory & Management, Petroleum Sector, Ministry of Economy, Trade & Energy, Albania  

Endri Puka, Chief Executive Officer, Albpetrol  
 

Chairman’s Closing Summary with Open Floor Q&A 

Costis Stambolis, Chairman, The Institute for Energy in South East Europe (IENE)

 
For more information about the programme, please contact Harry Sumter on og@ite-events.com
June 24, 2015
by

Global Oil&Gas: Black Sea & Mediterranean Exhibition and Conference 2015

 

Dear Member,
Maximising upstream prospects in Black Sea and Mediterranean oil and gas projects
The new Global Oil&Gas Black Sea and Mediterranean Oil and Gas Conference programme is now available to view here. The event will take place on 23 &#45 24 September 2015 in Athens, Greece. Supported by the Greek Ministry of Environment, Energy and Climate Change, 5 Ministries of Energy, 6 national oil and gas companies and 28 speakers from Greece, Turkey, Albania, Cyprus, Georgia, Crimea, Lebanon, Egypt, Libya, plus others will be presenting at this event.

> Register now

Key speakers include:

  • Mehmet Sunnet-Cioglu, Senior Expert Petroleum Engineer, Turkish Petroleum Corporation (TPAO)
  • Mathios Rigas, Managing Director, Energean Oil & Gas
  • David French, Chief Executive Officer, Bankers Petroleum
  • Michael Gardosh, Head of Geology and Geophysics Department, Israeli Ministry of National Infrastructures, Energy and Water Resources
  • Wissam Chbat, Board Member, Head of Geology and Geophysics Department, Petroleum Administration, Lebanon
  • Dr Sofia Stamataki, President, Hellenic Hydrocarbons Resources Management SA, Ministry of Environment, Energy and Climate Change, Greece
  • Arve K. Thorsen, Product Line Manager LWD / FE, Baker Hughes
  • Soso Gudushauri, Chief Geologist, Georgian Oil & Gas Corporation
  • Ioannis Gregoriou, Mining Engineer and Geophysicist & Director of Hydrocarbons Research and Production Department, Hellenic Petroleum
  • Dimitrios Manolis, Deputy Head International Activities, DEPA
  • Tor-Ivar Guttulsrød, Director FLNG, American Bureau of Shipping
  • Plus many others

> View the full speakers list

> Visit the website

> Become a sponsor or exhibitor

The conference programme will focus on:

  • Understanding the commercial and strategic landscape in these two emerging regions
  • Future prospects and upcoming licensing rounds
  • The fundamental obstacles to overcome when developing deep and ultra-deepwater assets
  • Technological challenges facing operators and upstream contractors
  • Monetising and delivering hydrocarbons successfully to market: Infrastructure, pipelines, LNG and CNG
  • Examination of the upstream prospects within the South-Eastern European energy corridor

Register now. Remember, we also offer group booking discounts. For more information, please contact me.

Kind regards,

Andrew Miller

Event Sales Executive

………………………………………………………………………………………………………………………………………………


+44 (0) 207 596 5152 | og@ite-events.com | www.oilgas-events.com


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ITE Group plc | 105 Salusbury Road | London | NW6 6RG | UK | Join us on Linkedin


……………………………………………………………………………………………………………………………………………….

ITE Group Plc, 105 Salusbury Road, London, NW6 6R

 

 

June 24, 2015
by

Global Oil&Gas: Black Sea & Mediterranean Exhibition and Conference 2015

728x90Developing and maximising upstream prospects in Black Sea and Mediterranean oil and gas projects – Overcoming technical challenges for success

The Global Oil&Gas: Black Sea & Mediterranean Exhibition and Conference is officially supported by the Greek Ministry of Environment, Energy and Climate Change, and will focus on the latest hydrocarbons activity and developments in the Black Sea, East Med, Ionian and Aegean Seas. 5 Ministries of Energy, 6 national oil and gas companies and 28 international speakers have already confirmed their participation. 
 

View the official Ministry of Environment, Energy and Climate Change support letter
 

Major discoveries of natural gas in the Eastern Med have the potential to significantly alter supply and demand dynamics scenarios in the region, whilst renewed upstream interest in the development of exciting new resources offshore in the Black Sea could also radically shift the energy outlook in South Eastern Europe and beyond. Regionally, energy demands could not only be met but major exports also achieved – if developments north and south of the Bosphorus prove commercially successful. 

With new tendering opportunities available, and regional governments keen to attract new investments and hydrocarbons infrastructure, these are exciting times for those seeking to develop and monetise resources in these two pivotal, emerging energy regions. 

The 2015 programme focuses on essential issues impacting developments and investments, including:

  • Understanding the commercial and strategic landscape in these two emerging regions
  • Dedicated NOC and Government speakers with senior representation from: Greece, Turkey, Albania, Cyprus, Georgia, Crimea, Lebanon, Egypt, Libya
  • Future prospects and upcoming licensing rounds revealed 
  • The fundamental obstacles to overcome when developing deep and ultra-deepwater assets 
  • Technological challenges facing operators and upstream contractors 
  • Monetising and delivering hydrocarbons successfully to market: Infrastructure, pipelines, LNG, CNG
  • Unique and insightful examination of the upstream prospects within the south-eastern European energy corridor 
  • All-encompassing coverage of the entire value chain: With operators, project developers, oilfield services, governments, advisers and more all speaking

Register now

June 19, 2015
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Albania Delays with one more Month the Onshore Oil Blocks

As it was made know in previous (mid May 2015) the AKBN in behalf of the Albanian Ministry of Energy invited all interested hydrocarbon companies, to apply for:

– Free onshore blocks: Block 4, Block 5 and Block of Dumre with the deadline of application for the 15th of June 2015 (MEI order nr.124 12.05.2015).

– For free offshore blocks: Joni 5 and Rodoni as well as onshore block C and Panaja with the deadline of application for the 25th of June 2015 (MEI order nr. 132 date 15.05.2015).

A week before open of the offers for the onshore bids Energy Minister Damian Gjiknuri ordered the bidding date to be postponed for another month to give companies more time. Now bidders have until July 15 to express their interest for blocks 4, 3, Dumre, C and 4 onshore.

Albanian Oil BlocksSource: Lorenc Gordani |Thursday, June 18, 2015

June 19, 2015
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Russia, Greece sign deal on Turkish Stream gas pipeline

Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said. The pipeline will have a capacity of 47 billion cubic meters a year.

The Greek extension of the Turkish Stream project is called the South European pipeline in the memorandum signed on Friday, Novak said at the St. Petersburg Economic Forum. Construction will start in 2016 and be completed by 2019.

The two countries will have equal shares in the company, Novak added.Construction of the pipeline in Greece will be financed by Russia, and Athens will return the money afterward.

Greek Energy Minister Panagiotis Lafazanis said the Friday meeting was“historical “.

“The pipeline will connect not only Greece and Russia, but also the peoples of Europe,” Lafazanis was quoted as saying by Sputnik news agency. “Our message is a message of stability and friendship… The pipeline we are beginning today is not against anyone in Europe or anyone else, it is a pipeline for peace, stability in the whole region.”

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Source : rt.com