Tag: exploitation

Pennine contacts potential investor for the development of Velca onshore block – Albania, 11 February 2019

Canadian Pennine Petroleum Corporation said that it has contacted four potential investors who expressed interest in participating in onshore Velca block production sharing agreement. CEO of Pennine Petroleum Desmond Smith said that the company is working hard to secure investors as it moves towa Full article available for subscribers of Energy NEWS service (PDF publications, […]

Pennine seeking partner for Velca block – Albania, 1 August 2018

Canadian Pennine Petroleum Corporation said that it has established a data room available to potential partners who are planning to participate in production sharing agreement for the Velca block in Albania. CEO of Pennine Petroleum Desmond Smith said that the virtual data room contains all the geological and geophysical data, adding that so far, five […]

MOL acquired three offshore licenses in Norway – Hungary, 23 January 2018

Hungarian oil and gas company MOL has acquired three new offshore hydrocarbons exploration and exploitation licenses in Norway, thus raising the number of licenses it owns in the country to 20. Hungarian Minister of Foreign Affairs Peter Szijjarto announced that MOL will invest 500 million dollars in exploration activities in the next five years, adding […]