Adriatic Sea News

 

Four Bidders Vie For Stake in Exxon LNG Terminal Offshore Italy - Sources

May 29, 2023

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 to Approve Measures to Boost Energy Security as Gas Prices Rise

Oct 23, 2023

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…

Ombrina Mare Dispute: Italy Has to Pay 190M Euros to Rockhopper Exploration

Aug 24, 2022

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…

Eni Extends Charter for Shelf Drilling Rig Offshore Italy

Dec 17, 2021

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…

Rockhopper vs. Italy: Tribunal Ruling on Offshore Project Expected in July

May 14, 2021

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 Eyes 'Significant monetary damages' in Adriatic Sea Case

Dec 24, 2020

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…

Trans Adriatic Pipeline Starts Operations

Nov 17, 2020

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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