Latest news
Romania: Chevron won the approval to start shale gas exploration
US oil giant Chevron obtained permits to drill exploration wells for shale gas in the areas in eastern Romania. Chevron will explore for shale in three blocks of 670,000 acres near the Black Sea. The permits will consent to Chevron to drill at depths of between 10 and 15 meters within an area that measure 1,800 square kilometers.
read more... 12/07/2013
EU and Algeria to take steps towards deeper gas cooperation
The European Union appreciates the value of Algeria as a key player in gas sector and supports its role in the region, according to European Commission president Jose Manuel Barroso.
read more... 10/07/2013
Poland’s shale gas hopes fade on bureaucracy
Polish dream of a possible shale gas bonanza started to fade as investors are complaining that the bureaucracy is impeding commercial output to start.
read more... 08/07/2013
BGS: Britain's shale gas reserves are much larger than previously estimated
According to a new report performed by the British Geological Survey, UK may hold shale gas deposits that could supply the country for 25 years, ramping up the previous estimates.
read more... 28/06/2013
TAP has won the tender to carry gas to Europe
The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.
read more... 27/06/2013