September 10, 2019
Poland successfully challenged a European Commission decision that allowed Gazprom PJSC to use most of the capacity on the Opal pipeline in Germany. That link in turn carries fuel from the Baltic Sea Nord Stream pipeline, a key part of the Moscow-based company’s plans to avoid shipping its fuel across Ukraine.
August 29, 2019
Twenty-five new exploration wells are planned as part of the new cycle of onshore exploration for which Croatia has awarded licenses.
During a recent industry conference in Houston, Croatian Hydrocarbon Agency President Marijan Krpan sat down with World Oil and discussed what his country is doing to improve production, including two new bidding rounds.
May 10, 2017
Serinus Energy Inc. has announced that it has signed an Engineering, Procurement, Construction and Commissioning Contract (EPCC) with Confind S.R.L., a Romanian company, for the construction of a gas processing facility and associated flowlines and pipelines for the Moftinu Gas Development Project in Romania.
April 27, 2017
The U.S. is set to ship its first shale gas to a member of the former Soviet bloc as Europe seeks to cut its dependence on fuel from Russia.
Last year will be remembered for its stark contrasts in global production rates, with North America absorbing the largest loss, while the Middle East and Russia chalked up big gains. It remains to be seen how OPEC’s quota deal in December will alter the rules of the game.
February 07, 2017
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired six new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired four licences in the Norwegian Continental Shelf, one of which with operatorship.
Shale gas has proven its worthiness through a revolution of E&P activity over the last decade, particularly in the U.S. Yet, the question remains, can it prevail beyond current, low commodity prices, as well as environmental/public controversies, specifically in Europe?