Tag: offshore

Development of offshore gas deposits needed to avoid dependence on gas imports – Romania, 14 August 2019

According to Romania’s Energy Strategy 2019- 2030, with the perspective of 2050, the development of offshore deposits discovered in the Black Sea is necessary to avoid the significant increase of dependence on gas imports and is a crucial condition for Romania to be able to rely on natural gas in th Full article available for […]

Total to sell its 50 % stake in offshore Block 2 – Greece, 06 August 2019

French Total is preparing to sell its 50 % stake in an offshore Block 2 west of Corfu, in order to focus on other hydrocarbon interests in Greece, west and southwest of Crete. Total, the operator of Corfu’s Block 2 license, established a consortium for this venture with Italian Edison and Greek H Full article […]

Concession for hydrocarbon explorations of the coast of Crete awarded – Greece, 27 June 2019

Greece has awarded licenses to ExxonMobil and Total to search for hydrocarbons off the island of Crete, marking the country’s first major foray into an oil and gas search in the region. The companies, which operate in a consortium with Hellenic Petroleum (ELPE), have an eight-year research and ex Full article available for subscribers of […]