Agreements were postponed with Italian energy companies Eni SpA and Medoil, Croatian company INA Industrija Nafte, Canadian operator <a href=’https://theenergyyear.com/companies-institutions/oando/’>Oando and international upstream company Vermillion Energy.
“We don’t want these contracts, in which we put a lot of hard work, to become fodder in election campaign. We hope to win and sign the contracts in the first cabinet session,” Croatian economy minister Ivan Vrdoljak said to Bloomburg. Parliament will be dissolved on Friday, September 25, and the new election will be called by the president within the next five weeks.
Croatia was projected to earn $1.2 billion a year in revenue for a total of 25 years, once production began in 2020. The companies’ collective investments in the country total over $1 billion so far.
The licences will cover a two-year exploration period.
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
This website uses cookies.