Thursday, June 20, 2019

East Europe News

Snam, Enagás, Fluxys Complete DESFA Acquisition

The consortium consisting Italy’s Snam, Spain’s Enagás and Belgium’s Fluxys has completed the acquisition of a 66 percent stake in Greek natural gas operator DESFA.According to a joint release, the purchase valued at €535 million ($613.9 million) has been completed…

NIS to Spend $2.2 Bln to Boost Production

Serbian oil company NIS plans to invest $2.2 billion in its operations by 2025 and increase production to secure a leading position in south-east Europe. Russia's Gazprom Neft owns 56.15 percent of NIS, the Serbian government 29.88 percent and small shareholders the remainder of the company.

Greece, Partners Sign off Trans-Adriatic Pipeline to Widen Gas Supply

Five countries in south-east Europe formally signed off on the construction of a pipeline which will transport Caspian gas to European markets in an attempt to ease their reliance on Russia. The 870-km (540-mile) Trans-Adriatic Pipeline (TAP) is part of the…

Russia: Saudi Oil to East Europe 'Toughest Competition'

Russian Energy Minister Alexander Novak said on Wednesday that Saudi Arabia's entry into East European oil markets, traditionally dominated by Russia, was the "toughest competition". "Every country has the right to sell where it thinks necessary. This is a competition…

Knutsen is Head of Yara Downstream

Terje Knutsen

Yara International ASA has appointed Terje Knutsen as Head of Downstream. He succeeds Egil Hogna, who has submitted his resignation. Knutsen will assume his new position on 1 May 2015. Yara's Downstream business unit manages the company's global sales, marketing and distribution of fertilizers.

Croatia Awards 10 Adriatic Oil & Gas Licenses

OMV, Marathon Oil consortium wins seven licenses; Croatia hopes exploration will help drive growth. A consortium of Houston-based Marathon Oil and Austria's OMV won seven of 10 licenses awarded on Friday to explore for oil and gas off Croatia's Adriatic coast…

US Offers Mediators for INA-MOL Energy Row

Croatia government, MOL at odds over INA for years; USA proposes international mediators, cites energy concerns. Both sides launched arbitration suits last year. Washington has offered to help resolve a long running dispute between Croatia and Hungary's MOL…

South Stream May Stay in Limbo for Years

South Stream pipeline project designed to carry Russian natural gas to the European Union

The South Stream pipeline project designed to carry Russian natural gas to the European Union bypassing Ukraine will probably remain on hold for years, Bloomberg has reported. According to  New York-based risk research group Eurasia, the proposed project is…

Chevron’s Pascagoula Refinery Starts Production

Chevron Corporation subsidiary Chevron U.S.A. Inc. announced that it has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company's Pascagoula refinery. Base oils produced at Pascagoula will add to capacity from the company's refinery in Richmond…

Ukraine's Gas Dispute Could Mean Cold Winter for Central, East Europe

Central and southeastern Europe could face higher gas prices and potential shortages this winter, as a prolonged price row between Russia and Ukraine heightens regional supply fears. The former Soviet countries, many of which receive most or all of their gas from Russia via Ukraine…

Schlumberger New High-Definition Imaging-While-Drilling Service

Advanced technology enables dip, fracture, and texture answer products.

MicroScope HD service provides detailed logging-while-drilling images for reservoir description and completions optimization. Schlumberger has announced  the release of the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service…