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in News

Balkan leaders have to realise new coal plants are a liability, not a gold mine?

Author:  Pippa Gallop, Research Co-ordinator, CEE Bankwatch Network In April this year, the EU proved that whatever difficulties it might be going through, it can still make momentous decisions. It approved new pollution control standards for power stations, entitled the LCP BREF (1) The name might sound obscure, but the results should be concrete: The new […]

in Events

Global Oil&Gas SE Europe and Med 2017 in Athens 26 Sept.

Exhibition The Global Oil&Gas Exhibition provides an important platform for stakeholders in the region to showcase their products and services. Meeting existing and future customers face-to-face is now more important than ever. The exhibition will give you the opportunity to strengthen existing relationships and create new ones, see new technological developments and innovations, discuss future […]

in News

Albania: “Changes To Hydrocarbons Law To Enhance Operations In The Upstream Sector”

Albania is the largest exporter of crude oil in the Energy Community and is home to the largest onshore oil field in Europe (i.e. Patos Marinza). A number of foreign investors have already entered this market, yet regulation of the upstream sector is based on old and not comprehensive legislation from 1993 (amended several times), […]

in News

Pennine signs Velca Block PSA, anticipates into Albania’s energy industry.

 “Pennine” is pleased to announce that it has signed a Production Sharing Agreement (“PSA”) with Albpetrol Sh.A (“Albpetrol”) for the exploration and development of the Velca Block in Albania. The finalized PSA contains a license agreement signed by Pennine, Albania’s Ministry of Energy and Industry, and Albpetrol, the country’s state-owned energy firm, for a six(6)-year […]

in News

Strategic International Cooperation on Science and Technology Innovation: R&D on Low-head SHP packaged units

International Center on Small Hydro Power, an international organization co-funded by the UN devoted to the promotion and development of small hydro power globally. The organization is constantly searching for ways to increase cooperation projects with countries also devoted to renewable energy projects, in particular small hydro, for which reason we contact you in this […]

in News

Intesa Sanpaolo increases 2016 GDP growth forecast for Albania to 3%

Intesa Sanpaolo said on Wednesday it has lifted its 2016 economic growth estimate for Albania to 3.0% from 2.8% forecast earlier. “GDP is forecast to grow by 3% (with possible upside to 3.3%) in 2016, and to further increase by 3.5% (with possible upside to 3.7%) in 2017, which compare to a growth rate of […]

in News

A little-known Chinese group has emerged as the mystery party behind a £485m takeover bid for San Leon Energy, a London-listed oil explorer.

Sky News understands that Geron Energy Investment lodged an 80p-a-share indicative offer for San Leon in recent weeks. Talks about the bid from Geron Energy are ongoing, prompting a statement on Monday from the board of San Leon which confirmed that it had “received an approach from a possible offeror, which may or may not […]

in News

World Bank Agrees $800 mln loan for Turkey, Azerbaijan gas pipeline

The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project late Tuesday, December 20, Anadolu Agency reports. The loans will be supplied through the World Bank’s subsidiary, the International Bank for Reconstruction and Development (IBRD). Turkey’s Petroleum Pipeline Corporation (BOTAS) will […]