Europe > Southern Europe > Petroleum / Mining

Petroleum / Mining in Southern Europe

  • About 40,000 Nigerians currently live and work in Spain.

    SPAIN, 2015/07/18 Spain has emerged one of the biggest importers of Nigeria's crude with its 2014 purchase worth €6.5 billion representing 14 % of Spain's gas consumption, and eight % of its oil consumption in that year. About 40,000 Nigerians currently live and work in Spain. The Ambassador of Spain to Nigeria, Mr. Alphonso Sebastian de Erice, presented these figures as evidence of blossoming Spanish-Nigerian business ties during a courtesy call on the Speaker of the Home of Representatives, Rt. Hon. Yakubu Dogara, in Abuja on Tuesday.
  • Cyprus signed an energy deal with Egypt

    CYPRUS, 2015/04/01 Cyprus signed an energy transaction with Egypt on Monday that could see the island supplying its Mediterranean neighbour with gas. Cyprus is keen to exploit the Aphrodite field off its southeastern coast but the reserves proven so far are not considered sufficient to make it viable for the island to develop onshore export infrastructure of its own. Monday's transaction authorises the "Egyptian Natural Gas Holding Company and the Cyprus Hydrocarbons Company to examine technical solutions for transporting natural gas, through a direct marine pipeline, from the Aphrodite field to Egypt."
  • Balkan States Face Crisis if Russia Halts Gas Flow.

    BOSNIA AND HERZEGOVINA, 2014/10/17 The three Balkan nations, which have few alternative sources for heating and industry, will be hard hit if Russia halts gas supplies to Europe, Brussels warns. For Bosnia, Macedonia and Serbia “supplies from Russia are the dominant source of gas and the supply takes place solely through one transit route via Ukraine," the analysis notes. "National infrastructure capacities are very limited and prevent a flexible flow of gas and diversification of sources,” the analysis adds. The three nations would be “part the nations most affected in case of supply disruptions of gas in Europe” the statement continues.
  • ENI and Anadarko may carry out Mozambican natural gas liquefaction project in partnership

    ITALY, 2014/05/11 Exploration of natural gas in the Rovuma basin in Mozambique may be carried out in partnership by US company Anadarko Petroleum and Italy’s ENI, the chief executive of Mozambican national company Empresa Nacional de Hidrocarbonetos (ENH), Paulino Gregório told Macauhub in Maputo. “Although the ENI group has announced it plans to buy a floating rig for liquefaction of the natural gas in its block this does not mean that it is going along a separate path to US company Anadarko Petroleum in the Rovuma basin projects,” the ENH chief executive said. The recent publication by the ENI group of a tender to hire a company to provide the rig raised questions about the Italian group’s interest in joint development with Anadarko Petroleum of a natural gas liquefaction unit in Palma, northern Mozambique, as had before been announced.
  • Eni Discovers More Gas Offshore Mozambique;

    ITALY, 2013/09/05 Italy-based Eni has reported a new high impact discovery offshore Mozambique, with preliminary estimates showing that the Agulha structure could contain 5 to 7 Trillion cubic feet (Tcf) of gas in place. This new finding could increase the appetite of China’s CNPC to buy additional stakes in the licence, next it bought 20% stake from Eni six months ago. ‘Eni and its Area 4 Joint Venture partners are finalizing the assessment of the discovery and planning the appraisal strategy,’ reads the note released on Tuesday. The Italian group is the operator of Area 4 with a 50% indirect interest owned through Eni East Africa, which holds 70% of Area 4. The other partners are Portugal's Galp Energia (10%), South Korea's KOGAS (10%), and Mozambique's ENH (10%). CNPC owns a 20% indirect participation in Area 4 through Eni East Africa.
  • Greece; oil exploration tender to be launched in 2014

    GREECE, 2013/08/31 The tender for the new rounds of oil exploration concessions off Crete and west of mainland Greece will be issued in the initial half of 2014, Energy Minister Yiannis Maniatis told President Karolos Papoulias, as Kathimerini reports. Next conducting seismic research in the Gulf of Patra, the sea region west of Ioannina and Katakolo off the western Peloponnese coast, Norway’s Petroleum Geo-Services (PGS) is expected to have completed the evaluation of data obtained by the end of the year.
  • Gas, appraisal drilling begins today in Block 12

    CYPRUS, 2013/06/08  Appraisal drilling in Cyprus' Block 12 begins today, the outcome of which will have a significant influence on the development of the hydrocarbons industry in the country as Cyprus Mail reports. Speaking to reporters, Commerce Minister Giorgos Lakkotrypis said Noble Energy would begin appraisal work on the Aphrodite field in Block 12 of Cyprus' exclusive economic zone (EEZ) today, which is expected to last three to four months.
  • Accord for methane pipeline ramification signed in Tirana

    ALBANIA, 2013/05/24  Four Balkan nations have signed a memorandum of considerate to support the Trans Adriatic Pipeline project, which will bring methane to the Italian region of Apulia from Azerbaijan's huge Shah Deniz gas field, crossing Greek and Albanian territory. Bosnia, Croatia and Montenegro have expressed strong interest in the ramification of the methane pipeline towards their own nations as a way to ''foster energy security of an entire region''.
  • ENI wins bid for Egyptian offshore block 9

    ITALY, 2013/04/27 Italian oil and gas giant ENI has been assigned prospecting rights in a block of Egyptian deep-sea waters in the Eastern Mediterranean, company officials made known Monday.
  • Bosnia's Federation Tries to Save Petrol Company

    BOSNIA AND HERZEGOVINA, 2013/02/13 The federation’s government said it will offer British fuel trading company Deltagrip a transaction to settle the deficit in instalments and prevent its petrol storage company from going out of business. The deficit arose from a ruling by the International Chamber of Commerce’s arbitration court over a broken arrangement.