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Croatian INA Granted Extension of Licence at Egyptian Ras Qattara ConcessionPhoto: Tanja S. Volarič

Croatian INA Granted Extension of Licence at Egyptian Ras Qattara Concession

August 16, 2018 | Tanja Srnovršnik Volarič
Oil and oil derivates

The Croatian oil and gas company INA and Italian Eni's Egyptian Company IEOC (International Egyptian Oil Company) have been granted an extension of the Ras Qattara Concession licence until 28 March 2023 by the state oil company EGPC (Egyptian General Petroleum Corporation), the Egyptian Ministry of Petroleum and Mineral Resources, and the Egyptian Parliament, said INA on Tuesday....


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IEA Revises Up 2019 Oil Demand Growth But Warns of RisksPhoto: Victor Habbick via FreeDigitalPhotos

IEA Revises Up 2019 Oil Demand Growth But Warns of Risks

August 14, 2018 | Tanja Srnovršnik Volarič
Oil and oil derivates | Energy policy | Economy

The International Energy Agency (IEA) has revised up its 2019 oil demand growth outlook by 100,000 barrels of oil per day to 1.5 million barrels per day, partly due to the downward move of the forward price curve, according to the IEA’s latest monthly oil report published on Friday....


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Serinus Expects to Start Romanian Gas Sales in Late AugustPhoto: Gazprom

Serinus Expects to Start Romanian Gas Sales in Late August

August 14, 2018 | Tanja Srnovršnik Volarič
Natural gas | Economy

Commercial gas sales from the Moftinu gas plant in the Satu Mare exploration block in Romania are expected to start in the second half of August, wrote Serinus Energy, an international oil and gas company, in its Q2 2018 financial statement....


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ICGB Resumes Engineering Consultant Tender for Bulgaria-Greece Gas LinkPhoto: Plinovodi

ICGB Resumes Engineering Consultant Tender for Bulgaria-Greece Gas Link

August 14, 2018 | Tanja Srnovršnik Volarič
Natural gas | Energy policy

ICGB, the company in charge of the Bulgaria-Greece gas interconnector (IGB) project, has resumed the procedure for selection of an owner engineer for the Bulgaria-Greece gas interconnector (IGB) project and extended the deadline for submission of offers....


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WTO Rejects Most of Russia’s Claims With Regard to EU Third Energy PackagePhoto: Roman Peklaj

WTO Rejects Most of Russia’s Claims With Regard to EU Third Energy Package

August 14, 2018 | Tanja Srnovršnik Volarič
Energy policy | Economy

In a ruling published on Friday, the World Trade Organisation (WTO) rejected most of Russia's claims concerning the alleged incompatibility of the EU's energy policy measures with that of the multilateral trade rules....


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Montenegro Starts Public Debate on Draft Law on Safety of Hydrocarbon OperationsPhoto: Alenka Žumbar

Montenegro Starts Public Debate on Draft Law on Safety of Hydrocarbon Operations

August 14, 2018 | Tanja Srnovršnik Volarič
Natural gas | Oil and oil derivates | Energy policy

The Montenegrin Ministry of Economy has launched a public debate on a draft law on the safety of hydrocarbon-related operations....


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BiH’s Banovići Coal Mine Turns to Net Loss in H1 of 2018Photo: Ana V. Vršnak

BiH’s Banovići Coal Mine Turns to Net Loss in H1 of 2018

August 13, 2018 | Peter Palčec
Electricity | Coal | Economy

The Bosnian Banovići coal mine generated a net loss of KM 5.17 million (EUR 2.64 million) in the first half of 2018, while it generated a net profit of KM 650,671 (EUR 332,682) in the same period last year....


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Romanian Gas Moftinu – 1003 Well SpuddedPhoto: Tanja S. Volarič

Romanian Gas Moftinu – 1003 Well Spudded

August 13, 2018 | Peter Palčec
Natural gas | Energy policy

Serinus Energy, an international oil company, has announced that the Moftinu – 1003 well in Romania has been spudded. The planned total depth of the well is 1,600 metres and it is estimated that the drilling to total depth will take approximately four weeks. The well is targeting the penetration of all of the commercial gas-bearing sand formations that were present in the Moftinu – 1007 well,...


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Romanian OMV Petrom Starts Oil Production from New Offshore LVO7 WellPhoto: Victor Habbick via FreeDigitalPhotos

Romanian OMV Petrom Starts Oil Production from New Offshore LVO7 Well

August 10, 2018 | Peter Palčec
Oil and oil derivates | Economy

The Romanian oil and gas group OMV Petrom has started production from the new LVO7 offshore well, drilled in the Lebada Vest field. LVO7 is the first multilateral well that has been drilled in Romania. Drilling works started in February, being part of the offshore campaign announced in September 2017, stated OMW Petrom in a press release. The investment in drilling the well and connecting it to...


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EU Imports of U.S. LNG on the RisePhoto: UMAS London

EU Imports of U.S. LNG on the Rise

August 10, 2018 | Tanja Srnovršnik Volarič
Natural gas | Energy policy

Since the arrival of the first U.S. LNG carrier in the Portuguese port of Sines in April 2016 up to today, EU imports of liquefied natural gas (LNG) from the U.S. have increased from zero to 2.8 billion cubic metres. In 2017 Europe represented more than 10% of total U.S. LNG exports, up from 5% in 2016, said the European Commission on Thursday, stressing that in order to increase EU imports of...


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