AEA News

12
Nov 2015
TransAtlantic Petroleum Continues To Cut Costs

TransAtlantic Petroleum: OPEC Might Cut Production, But Company Continues To Cut Costs Summary The Albania Division is on the block for sale, or some definitive resolution and is in a company that is separate from the rest of the company. The Turkish division is cash flow positive and profitable at current prices even without hedges. The chairman and CEO is considering lifting the remainder of the hedges to pay down debt because he believes there is a good chance of an OPEC production cut. The company has two wells to complete and......

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Cashing In On Pieces Of The Caspian Jigsaw
November 03, 2015

Cashing In On Pieces Of The Caspian Jigsaw

The landlocked Caspian Sea is one of the oldest oil producing regions in the world and growing its reputation as a gas producer, but the region poses a unique set of challenges to companies looking to develop its...


Albanian Officials Sued for Loss-Making Energy Deal
October 16, 2015

Albanian Officials Sued for Loss-Making Energy Deal

The energy minister and state attorney are being sued over an agreement to resolve a dispute they signed with power giant CEZ which allegedly cost the state 479 million euro. The Albanian Supreme State Audit,...


Moldova Joins EU’s CESEC Gas Connectivity Initiative
October 14, 2015

Moldova Joins EU’s CESEC Gas Connectivity Initiative

Moldova has joined the high-level group of CESEC, the gas connectivity initiative of the European Commission for central-eastern and southeastern Europe. “On 12 October, the Vice-President in charge of the Energy Union, Maros Sefcovic, witnessed the...


GEOTHERMAL ENERGY RESOURCES IN ALBANIA
October 08, 2015

GEOTHERMAL ENERGY RESOURCES IN ALBANIA

Introduction: Energy Supply in Albania Even for a country like Albania where over 95% of electricity and 20-23% of total primary sources are provided by hydro, use of other renewables is important because improves security...


When hydropower isn’t green: hydroelectric emissions
October 06, 2015

When hydropower isn’t green: hydroelectric emissions

Hydropower is often considered a clean energy source, free of climate-warming carbon dioxide emissions. But although dams have been demonized for disrupting fish migrations and flooding valleys inhabited by families for generations, this so-called renewable...


Oil, gas exploration dominates Albania’s foreign investments
October 05, 2015

Oil, gas exploration dominates Albania’s foreign investments

TIRANA: Oil and gas exploration has dominated Albania’s foreign investments, the Bank of Albania said on Saturday. In early 2014, the extracting industry accounted for about 58 percent of Albania’s total foreign investments with an...


Turkey to compensate for lack of Russian gas via TANAP
October 05, 2015

Turkey to compensate for lack of Russian gas via TANAP

If Russia limits supplies of natural gas, Turkey is going to compensate for this by the gas delivered through the Trans-Anatolian (TANAP) pipeline, Minister of Energy and Natural Resources of Turkey Ali Rıza Alaboyun said...


TAP project progressing according to schedule
October 05, 2015

TAP project progressing according to schedule

The Trans Adriatic Pipeline (TAP) project, designed to transport gas from the giant Shah Deniz II field in Azerbaijan to Europe, is progressing well and is on schedule to transport gas in early 2020, Lisa...


TransAtlantic Petroleum Provides Operational Update
October 02, 2015

TransAtlantic Petroleum Provides Operational Update

HAMILTON, Bermuda, Oct 01, 2015 (GLOBE NEWSWIRE via COMTEX) — TransAtlantic Petroleum Ltd. (nyse mkt:TAT) (TNP) (the “Company” or “TransAtlantic”) today provided an operational update on its current production and drilling program. Production Update TransAtlantic’s...


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