Four international groups are competing to buy Exxon Mobil Corp's majority stake in a liquefied natural gas (LNG) terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around 800 million euros ($881 million), the sources said. Exxon said in March it was considering selling its majority stake in Adriatic LNG, Italy's main regasification terminal…
Italy will on Monday approve a decree setting aside 420 million euros ($445 million) through 2026 to build a strategic hub for floating wind power, a draft showed, while also cutting red tape for onshore liquefied natural gas (LNG) terminals…
Italy will have to pay 190 million euros plus interest to the oil and gas company Rockhopper Exploration for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea.The oil company - now mainly focused on Falkland…
Offshore Drilling company Shelf Drilling said Friday it had secured a contract extension for the Key Manhattan jack-up rig.The 18-month extension is in direct continuation of the drilling rig's current contract for drilling operations in the Adriatic Sea offshore Italy…
Oil and gas company Rockhopper Exploration said Friday that it had received notice that a final decision in its arbitration against Italy over the Ombrina Mare Field in the Adriatic Sea could come in July.The oil company started arbitration…
Rockhopper Exploration on Thursday said that a ruling on its arbitration against Italy over Ombrina Mare offshore field in the Adriatic Sea could be expected in early 2021, adding it expects to receive 'significant monetary damages.'The company…
The Trans Adriatic Pipeline (TAP), a European leg of a pipeline carrying gas from the Azeri section of the Caspian Sea, and crossing Greece, Albania, the Adriatic Sea, and Italy, has started commercial operations. TAP is the European part of the Southern Gas Corridor…
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