Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 
The feature you requested does not exist. However, we suggest the following feature:

Petroceltic : gives up on Adriatic prospecting (2)

02/09/2016 | 12:56pm US/Eastern

(ANSA) - Rome, February 9 - Irish oil and gas company Petroceltic has formally given up seeking a prospecting permit in the southern Adriatic Sea off Italy's Tremiti Islands. The Tremiti are an archipelago located north of Puglia's Gargano Peninsula, and form part of the Gargano national park. Market conditions have changed since the company first filed for the permit nine years ago, Petroceltic said in a letter to the industry ministry. The ministry said the move "is a step back in response to strategic industrial needs, which the ministry acknowledges". Petroceltic, whose local subsidiary has been in Italy since 2005, added it remains committed to its other operations in Italy "within full respect of EU and State rules, according to the highest industry standards, with maximum transparency and in cooperation with local communities". Petroceltic Italia Srl does oil and gas prospecting in the central Adriatic Sea and in the Po Valley. Italian environmentalists have long been fighting against drilling in the Adriatic Sea. Italy's Constitutional Court last month gave the green light to a referendum on drilling for oil and gas in Italy, a decision welcomed by regional councils and environmental groups concerned about the effects of offshore drilling on marine ecosystems. The referendum will cover prospecting permits as well as already authorised drilling. It was proposed by regional assemblies who are objecting to drilling platforms because of worries about seismic stability and the environment.

(c) 2016 ANSA Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

React to this article
Latest news
Date Title
12:56p PETROCELTIC : gives up on Adriatic prospecting (2)
12:56p JUVENTUS FOOTBALL CLUB : Soccer: Chiellini out for three weeks
12:56p PETROCELTIC : ++ Petroceltic gives up Adriatic prospecting ++
12:56p Milan bourse dives 3.5% amid banking sell-off
12:56pDJOmnicom CEO Says Too Early to Tell If 2016 Will Bring More Major Media Reviews
12:56p Global Agreement on CO2 Standard for Aircraft “a Significant Step”
12:55p GAP : Banana Republic Got Clobbered Last Month
12:55p NATIONAL BANK OF PAKISTAN : Currency rates of NBP
12:55p PAKISTAN AIRLINES : PTI submits requisition to debate PIA crisis in NA
12:55p VIMPELCOM : Reforms in IT sector helpful to attract investors: Anusha
Latest news
Advertisement
Hot News 
AVENIR TELECOM : Palm Beach Gardens candidates talk traffic, transparency at forum
CAMBIAN : Shares Drop A Third As It Warns On 2015 Earnings, Cuts Costs
ALPHATEC : Entry into a Material Definitive Agreement, Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, Non-Reliance on Previous Financials, Audits or Interim Review (form 8-K)
PHOENIX SPREE DEUTSCHLAND : To Raise Up To GBP38.0 Million (ALLISS)
OWENS & MINOR IN : VA/ : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
Most Read News
04:20a upc cablecom offers advice on using online technologies safely
02/08 CLARIZEN : Appoints Boaz Chalamish as Chief Executive Officer
07:01a FF VENTURE CAPITAL : Announces New Strategic Hire, Promotes Seven and Adds to Portfolio
02/08 DAIRY AUSTRALIA : Cream of graduates begin coveted Dairy Manufacturing Scholarship
12:20a MIT MASSACHUSETTS INSTITUTE OF TECHNOLOGY : Study: China’s new policies will lower CO2 emissions faster, without preventing economic growth
Most recommended articles
12:50p Airbus A321neo completes first flight after engine switch
12:47p Concerned by cyber threat, Obama seeks big increase in funding
12:47p Obama urges doubling tax credit for low-income childless workers
12:47p Pentagon seeks $583 billion budget for 2017; Republicans say it's not enough
12:45pDJNovartis Reaches Entresto Pay-for-Performance Deals With Cigna, Aetna