Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to announce the Company’s second quarter operational update. Production Average production from the Patos-Marinza and Kuçova oilfields in Albania for the second quarter of 2015 was 20,045 barrels of oil per day (bopd), an increase of 1.4% compared to the first quarter 2015 average of 19,767 […]
A well connected EU energy market where energy flows freely across borders and no Member State remains isolated from the EU energy networks is a precondition for creating a resilient Energy Union with a forward looking climate policy, according to the European Commission. This will ensure secure, affordable and sustainable energy for all EU citizens […]
* Albania GDP grows 2.82 pct in first quarter of 2015 * Financial sector and manufacturing boost growth (Reuters) – Albania’s economy grew 2.82 percent in the first quarter of 2015 from the same period a year before, shrugging off the impact of February floods as activity in the financial and insurance sector surged. The […]
European officials on Friday will take a step toward creating a web of natural gas pipelines across the region’s southeast as a way to reduce the threat of Russia choking off supplies. Some 17 nations, more than half of them from the former Soviet bloc, will endorse an action plan to improve energy infrastructure and […]
UK-headquartered consultancy Mott MacDonald has announced two major international environmental contract wins. Firstly, it has been appointed to investigate the impacts of climate change on Singapore’s energy and telecommunication infrastructure. The appointment by the country’s National Environment Agency falls within the second phase of the Singapore Government’s Second National Climate Change Study, which in the […]
Construction and rehabilitation work on access roads and bridges along the pipeline’s route in Albania has begun. The Trans Adriatic Pipeline AG (TAP) hosted an inauguration ceremony near Çorovoda, attended by the Prime Minister of Albania, Edi Rama, Minister of Energy and Industry, Damian Gjiknuri, and Managing Director at TAP, Ian Bradshaw, to mark this […]
* 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 […]
Developing 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 […]
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). […]
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 […]