Eastern Europe ///

Ukraine announces massive licensing rounds in 2019

Ukraine has outlined terms for a series of oil and gas licensing rounds with acreage of nearly 25,000 km2.

Ascent Resources announces contract for purchase of mobile compressor unit in Slovenia

Ascent Resources plc, the European focused oil and gas exploration and production company is pleased to announce that it has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia.

Newpark receives Shell supplier award

Royal Dutch Shell (Shell) honored Newpark Fluids Systems with its 2018 Global Wells Services Award for Suppliers with operational hours less than 100,000. The company was recognized for its health, safety and environment (HSE) and leadership practices executed in Albania.

High Speed Transfers second Damen FCS 2710 vessel contracted by Shell for Black Sea program

UK-based crew transfer specialist High Speed Transfers (HST) has announced that its second vessel of Damen’s new FCS 2710 class will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019.

DTEK Oil & Gas wins Ukraine’s first open auction for subsurface exploration permit

Oil Gas Systems, LLC - a subsidiary of DTEK Oil & Gas - has purchased the special permit for subsurface exploration of the Svitankovo-Lohivskyi license site in eastern Ukraine for UAH 85 million ($3.17 million) at open auction.

Maersk Supply Service secures second walk-to-work contract with Total Denmark

Newbuild vessel, Maersk Involver, has been fixed for 161 days to support maintenance of the DAN F platform, located offshore Esbjerg for walk-to-walk and accommodation services.

Croatia's Krpan touts new bidding rounds as means to boost output

During the recent North American Prospect Expo (NAPE) held in Houston, the president of the Croatian Hydrocarbon Agency (CHA), Marijan Krpan, visited with World Oil about the steps his government is taking, to improve the country’s oil and gas production. Key among these are two new licensing rounds, one to close in June 2019, and the other to finish in September 2019.

Oil and gas in the capitals

Jacques Sapir, Contributing Editor

Russia’s development and the disconnect between oil prices and exchange rates

Ukraine has launched its first round of international O&G online auctions

Ukraine has launched its first oil and gas licensing round online.

Lukoil reports 20 million tonnes of oil produced from North Caspian fields

Lukoil's cumulative production of oil in the Russian part of the Caspian Sea has exceeded 20 million tonnes, Vladimir Filanovsky field accounting for the most significant gain in production.

Slovakia seen strengthening energy security, IEA says

The Slovak Republic has made significant progress on several fronts of energy policy, and together with its neighbors and with the support of the European Union, has strengthened cross-border connections for natural gas, oil and electricity.

Croatia launches second onshore license round

Croatia has launched the country’s second onshore license round offering seven onshore blocks all located in Croatia’s prolific Pannonian basin. This is the second of three planned onshore license rounds.

Turkey explores contested Mediterranean waters

Turkey’s first deep-sea drilling ship, flanked by Turkish war vessels, set sail Tuesday looking for natural gas and oil in contested waters of the Mediterranean, a launch liable to exacerbate longstanding tensions with Greece.

Block Energy signs MOU for gas offtake from West Rustavi license in Georgia

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has announced that it has signed a Memorandum of Understanding (MOU) with Bago Ltd (Bago), one of the largest private gas suppliers and purchasers in Georgia, for a proposed offtake agreement for gas produced at the Company’s West Rustavi permit.

Block Energy contracts drilling, workover equipment for multi-well program in Georgia

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has announced that it has signed an agreement with JSC Norio Oil Company (JSC NOC), a Georgian drilling contractor, and Georgia Oil and Gas Ltd. (GOG), a British Virgin Islands company and owner of drilling equipment in the Republic of Georgia, for the supply of drilling and workover equipment for the Company’s 2018-2019 work programs across its Georgian license base.

Prospex, Raffles Energy report first gas in Romania

Prospex Oil and Gas Plc, the AIM quoted investment company, has announced that it has been advised by the operator, Raffles Energy S.R.L., that first gas production has commenced from Bainet gas field in the Exploration Area of the EIV-1 Suceava Concession, northeastern Romania.

Block Energy, NOC ink MOU for hire of drilling and workover rigs

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has announced execution of a non-binding Memorandum of Understanding (MOU) with Georgia-based drilling contractor, JSC Norio Oil Company (NOC), for the provision of a drilling and a workover rig.

Block Energy receives production sharing contract for West Rustavi license in the Republic of Georgia

Block Energy Plc has announced that the production sharing contract terms for its West Rustavi license have been accepted by the government of the Republic of Georgia.

Block Energy provides update on operations in the Republic of Georgia

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has provided an operations update from its Norio license, Satskhenisi license and the West Rustavi permit, which collectively have net proven oil reserves of 1.5 MMbbl plus 60 MMbbl of oil and ~600 Bcf of gas classified as 2C contingent resources.

Oil recovers as Turkey tumult calms, U.S. supplies seen falling

Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S.