Italy to Block Exploration Permits
The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil and gas activity in Italy was not of strategic importance for the country.Some industry experts say Italy is sitting on some of the biggest reserves in Europe, but red
Exxon, Total, Repsol among bidders for oil exploration off Greece
Oil majors Exxon Mobil, Total and Repsol are among members of two consortia that have submitted bids to explore for oil and gas off Greece. Greece's oil and gas resources management company (HHRM) said on Monday that Exxon and Total, each with 40 percent stakes, and Hellenic Petroleum had jointly bid to explore off Crete, while…
Greece Greenlights Total, Edison O&G Exploration
Greece's parliament gave the go-ahead on Wednesday for companies including France's Total and Italy's Edison to explore for oil and gas in the west of the country. Licences for four blocks - one offshore and three on land - were awarded in 2016 but had to be ratified by parliament for exploration work to begin. Encouraged by recent large gas finds in the eastern Mediterranean…
Greece Attracts Interest for Offshore Oil & Gas Tenders
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted "strong interest" from companies exploring in the Mediterranean, the head of Greece's oil and gas resources management company said on Wednesday. Greece launched the tenders after expressions of interest by a consortium of Exxon Mobil…
Total Expects Approvals for Offshore Greece Exploration
Total expects approval from the Greek parliament by the end of the year to explore for oil off the western coast of Greece, the French company's chief executive told a Greek newspaper. Greece and a consortium made up of Total, Italy's Edison and Hellenic Petroleum have signed a lease agreement to search for oil and gas in the Ionian Sea.
Greece Launches New Offshore Oil and Gas Tenders
Greece launched two tenders on Monday for offshore oil and gas exploration and exploitation in the west and south of the country, the energy ministry said. The move follows expressions of interest by a consortium of Total, Exxon Mobil and Hellenic Petroleum for exploration in two sites off the island of Crete, and by Greece's Energean for a block in the Ionian Sea in western Greece.
Greece, Total-led Venture to Sign Offshore Gas Deal Friday
Greece and a consortium led by France's Total will sign a deal on Friday for deep sea gas exploration in one block in western Greece, an energy ministry official said on Thursday. In October, Greece named a consortium of Total, Greece's biggest oil refiner Hellenic Petroleum, and Italy's Edison as the preferred bidder for the offshore gas drilling block in the Ionian Sea.
Hellenic Petroleum is Preferred Bidder for Greek Offshore Gas Drilling
Hellenic Petroleum has been named preferred bidder for an offshore gas drilling block in western Greece, the country's largest refiner said on Tuesday. Greece has made several fruitless attempts over the last 50 years to find big oil and gas reserves. It has stepped up its efforts in recent years, prompted by a prolonged debt crisis and important finds in other countries.
Greece to Evaluate Deep-sea O&G Exploration Bids
Greece will conclude the evaluation of deep-sea oil and gas exploration bids in the coming weeks and will name the preferred bidders soon after, its energy minister said on Friday, as the country seeks to tap into its limited oil reserves. Plunging crude oil prices have cut spending on oil projects around the world but cash-strapped…
Total Consortium Bids for Greek Offshore Block
France's Total in a consortium with Greece's Hellenic Petroleum and Italy's Edison has bid for one offshore gas drilling block in the west of Greece, an official with Hellenic Petroleum said on Friday. Greece, which clinched a third bailout with international creditors in August, has made several fruitless attempts over the last 50 years to find big oil and gas reserves.
Greece Mulls Gas Exploration Awards
Greece will decide soon on the awarding of three onshore natural gas exploration licences in the west of the country in its second licensing round, Energy Minister Panos Skourletis said on Tuesday. Greece, which clinched a third bailout with international creditors in August, has made several fruitless attempts over the last 50 years to find big oil and gas reserves.
Greece Receives Three Bids for Deep Sea Oil, Gas Drilling
Greece said on Tuesday it had received three bids for deep sea oil and gas drilling in western Greece and south of the island of Crete. The bidders were not disclosed. The names of the bidders, and areas over which they had expressed an interest would be released after tender documents are unsealed, the Energy Ministry said. Greece…
Albania Delays Onshore Oil Blocks Offer
Albania delayed by a month to mid-July the bidding for companies keen to explore for oil and gas on five onshore blocks and indefinitely for two offshore blocks, officials said on Monday. A week before offers for the onshore bids was due on June 15, Energy Minister Damian Gjiknuri ordered the bidding date be postponed for another month to give companies more time.
Greece Calls on Chinese Firms to Bid for Oil Quest
Greece invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March. Greece, which depends on financial aid from the European Union and the International Monetary Fund to stay afloat, has made several fruitless attempts over the past 50 years to find big oil and gas reserves.
Greece Expects to Sign Major Oil Test Drilling Contracts by Oct. 2015
Greece expects to sign contracts for the first large-scale oil test drilling in its western and southern waters by October 2015, ministry officials said, as the debt-laden country attempts to develop its untapped energy potential. Athens has tried in the past to find big oil and gas reserves but without success. Exploration interest has been revived during its debt crisis…
Greece Promises Tax Cut to Attract O&G Majors
Greece is planning to cut tax rates for oil and gas companies as it wants to attract them to help exploit its untapped offshore hydrocarbon resources, its energy minister said on Tuesday. Under the plan, oil and gas explorers will pay 25 percent tax, down from 40 percent currently, and 5 percent of the tax will go to local communities.
Greece to Launch Major Oil Quest in July
Greece will invite major oil companies next month to conduct offshore test drillings, the government said on Wednesday, launching the debt-laden country's most ambitious attempt so far to develop its untapped hydrocarbon potential. Athens has made several fruitless attempts over the past decades to find big reserves of oil or natural gas.
