Germany’s ZF Friedrichshafen, part of ZF Group, plans to open a factory for electric vehicle parts in Pančevo, Serbia, at the end of April, Serbian president Aleksandar Vučić announced, seenews.com reports. The construction works on the EUR 85m project started last June and, once completed, it will create 1,000 jobs. Accoridng to the Serbian president in a video posted on Tanjug’s website, the group also plans to open a research and development centre worth EUR 160m that would employ 100 people. In the first phase of the development, the group plans to produce shafts for premium original equipment manufacturers, e-mobility electric motors, electronic and mechatronic gearboxes, microswitches and printed circuit boards.
Gas and oil undersea survey begins in Montenegro
Energean group has started a 3D undersea survey of the two offshore natural gas blocks in Montenegro, the country’s hydrocarbons agency has announced. If everything goes according to plan, the survey will take eight days to complete and will be carried out by the Ramform Titan vessel by Norwegian company Petroleum Geo-Services (PGS), the agency said. The data collection vessel will be accompanied by two support vessels – Sanco Sea and Thor Freya. Energean, a Greek oil and gas group, is currently the sole operator, with 100% working interest of Montenegro’s offshore blocks 30 and 26, covering an area of 338km2. The research is defined by the concession agreement signed in March 2017 between the Montenegrin government and the Energean group. These investigative activities are part of the mandatory work programme covering the two blocks, which also includes geological and geophysical (G&G) studies. The total cost of the initial exploration will cost around EUR 4.4m, according to Energean.