Saipem, along with consortium partners Bos Shelf and Star Gulf, have been awarded call-off 007 under the Shah Deniz Stage 2 Master Agreement by BP, the Italian EPC company has announced. The total value of the contract is approximately $1.5bn, with Saipem’s share accounting for around $1.3bn, and has a duration of five years plus a possible […]
CALGARY, March 20, 2016 /PRNewswire/ – Bankers Petroleum Ltd. (“Bankers”) (TSX: BNK, AIM: BNK) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) with 1958082 Alberta Ltd. (the “Purchaser”) and Charter Power Investment Limited (“Charter Power”) for the purchase of all the issued and outstanding common shares of Bankers […]
On 1st March 2016, AEA-Albania Energy Association team implemented the first Photovoltaic System in Albania, Cerrik, at a children center managed by Caritas Albania “Balonat”. The center has now also biomass system with pellet central boiler used for heating, and the PV system using it for electricity production. The PV system is 15kW which is up […]
The European Commission has found the Host Government Agreement between the Greek authorities and the Trans Adriatic Pipeline to be in line with EU state aid rules. The project will improve the security and diversity of EU energy supplies without unduly distorting competition in the Single Market. Margrethe Vestager, Commissioner in charge of competition policy, […]
Russian energy giant Gazprom has said it signed a memorandum with Italy’s Edison SpA and Greece’s DEPA SA on gas deliveries. In a press statement, it has explained that according to the memorandum of understanding signed in Rome, gas will be delivered under the Black Sea “via third countries” to Greece and will be transported […]
The Western Balkans Investment Summit in London on Monday brought together the prime ministers of Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia with investors to discuss the development of transport links, energy projects and privatization. “We are encouraged by the fact that all of the region’s economies grew last year. And our […]
A project to transfer energy between Albania and Macedonia has been granted funding totalling €12 million (£9.3m). The EU is providing the cash to support the construction of the first electricity interconnector between the two countries as well as the introduction of grid efficiency improvements. The project is part of the European Commission’s initiative to […]
Tbilisi is hosting a trilateral meeting of Azerbaijani Foreign Minister Elmar Mammadyarov, Turkish Foreign Minister Mevlut Cavusoglu and Georgian Foreign Minister Mikhail Janelidze. They are discussing relations between the three countries and joint regional projects, particularly Baku-Tbilisi-Kars railway, TAP and TANAP energy projects. Addressing the 5th trilateral meeting of the foreign ministers on February 19, […]
Pennine Petroleum Corporation announced that it has signed the main terms and conditions of a production sharing agreement for the Velca Block, in southern Albania, with licensee Albpetrol Sh. A. (“Albpetrol”), the national oil company of Albania. The Velca Block, covering an area of 153,215 acres (239 square miles, or 620 square kilometers), is located […]
Trans Adriatic Pipeline AG (TAP) awarded a contract for the Engineering, Procurement and Construction (EPC) of the Pipeline Receiving Terminal (PRT) and a contract for the EPC of the onshore pipeline in Italy, TAP reported on December 22. The joint venture comprised of Italian Enereco S.p.a. and Max Streicher S.p.a. has been awarded the contract […]