Petroleum production

By Nikos Roussanoglou

Greece’s coastal shipping sector has set a target of having at least one liquefied natural gas-fueled vessel operating in the next two years, according to a meeting on Wednesday between Merchant Marine Minister Miltiadis Varvitsiotis and sector associations.

Significant amounts of natural gas could be extracted from Bulgaria's Khan Asparuh deep-water block, OMV believes.

Austrian energy company's expectations have so far been fomented by the discovering of vast amounts of gas at Neptun, a deep-water block in neighboring Romania situated next to Khan Asparuh.

BELGRADE - Naftna industrija Srbije (NIS) has introduced a new drilling method at a well in Kikinda, northeast Serbia, referred to as dry location drilling, NIS stated.