Search Results for: gas
Four companies and eight individuals charged for a $80 million Oil and Gas fraud
June 27th, 2016
The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing. The ...
BP announces latest gas discovery in Egypt’s East Mediterranean
June 13th, 2016
BP Egypt announced today another important gas discovery in the Baltim South Development Lease in the East Nile Delta. The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator IEOC (Eni), reached a total depth ...
Cyprus gas latest: Total to start drilling in early 2017
June 13th, 2016
French oil major Total will likely commence exploring for gas in their offshore Block 11 concession in early 2017, energy minister Giorgos Lakkotrypis said on Thursday. Speaking to the Sigma television channel, Lakkotrypis was also asked to comment on ...
Greece-Bulgaria gas pipeline is expected to start in October
June 6th, 2016
A natural gas pipeline between Bulgaria and Greece will be eligible for financing under an EU investment scheme once it completes a market test of demand in September, Energy Minister Temenuzhka Petkova said on Friday. Bulgaria and Greece signed ...
CySec clarifies regarding the renounced of Pegase Capital CIF license
May 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to further clarify regarding its announcement dated May 26 for the Cyprus Investment Firm Pegase Capital Ltd. The Cyprus Securities and Exchange Commission (CySec) announces that, on 13th May ...
Cyprus will develop offshore gas irrespective of reunification
May 26th, 2016
Cyprus will continue its project of developing offshore gas, keeping this dossier “completely separate” from the negotiations for the reunification of the island, the Cypriot Minister of Energy, Yorgos Lakkotrypis, said today (26 May). Speaking to a small group ...
Greek Pipeline Breakthrough To Challenge Russian Gas Dominance
May 19th, 2016
After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large ...
Greek – Italian joint venture wins construction contract for TAP gas pipeline
May 5th, 2016
A joint venture between Italy’s Renco and Greece’s Terna has won the engineering, procurement and construction (EPC) contract for two compressor stations and a metering station for the Trans Adriatic gas pipeline, the operator TAP said. The line will ...
Cyprus gas discovery a key factor in EU energy objectives, says European Commission
April 28th, 2016
The European Commission is examining the impact of possible Cypriot gas reserves in the offshore area between Cyprus and Israel, in order to diversify the energy mix used by the EU, and break off the island`s energy isolation, Commission ...
€4.5mn contract for Bulgaria-Romania gas pipeline
April 14th, 2016
Austrian engineering firm Habau last week signed a €4.5mn contract for building a section of the Bulgaria-Romania gas pipeline under the Danube river. The deal was signed in Sofia by the transmission system operators of Bulgaria and Romania: Bulgartransgaz and Transgaz and Habau ...
