As The Guardian reported earlier on Monday, Saudi Arabia said two of its oil tankers have been damaged in mysterious “sabotage attacks” in the Gulf, as the US secretary of state, Mike Pompeo, held emergency talks with his European counterparts about mounting tensions in the region. The United Arab Emirates...
Rosgeo plans to run airbourne geophysical surveys in Equatorial Guinea. Joint Stock Company Rosgeo and the Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea signed a Memorandum of Understanding during the Russia-Africa Summit in Sochi on October 23. In accordance with the signed document, the parties...
Greek Cypriot energy minister says energy companies will drill in search of natural gas in waters off the east Mediterranean island’s southern coast at eight separate sites over the next two years. Speaking at a presentation of his ministry’s works between March 2018 and April 2019 Georgios Lakkotrypis said Tuesday...
BRIC bank loans of $300 million will target Russian renewable energy projects in the Far East. The loans will finance projects in wind, solar, and small hydropower energy generation technologies. Russia is increasingly targeting its Far Eastern regions as it intensifies its strategic policy goals in Asia. Owned...
SIMMONS EDECO wins Mexican drilling contracts that further expand its Latin American business. The Calgary-based supplier of onshore drilling and workover services completed an onshore drilling campaign for a major oilfield services company in Mexico in October. That USD multi-million dollar contract required SIMMONS EDECO to drill 13 wells....
The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field. Originally planned to be shut down in 2014, the productive life of Norne has already been extended to 2036, which will generate substantial...
Wartsila renewables power plant contracts have been signed for projects to move the Caribbean and for Southeast Asia toward a 100 percent renewables future. The technology group Wärtsilä has won the contract to supply a 33 MW flexible power plant on a fast-track basis to the Barbados Light &...
By Charles Meaby, General Manager, DP World Limassol With Cyprus standing at the crossroads between Europe, Africa and the Middle East, it already possesses the inherent advantages as a hub destination. The success of the DP World terminal at Limassol is testimony to this, as it currently provides stellar...
(Sponsored Content) EOS founder and CEO Jean Januard explains how Russian manufacturers of oil and gas equipment and new technologies can find new business opportunity in the Middle East - if they have a guide like EOS to help navigate the market.
Russian major Gazprom Neft is studying the possibility of launching its own liquefied natural gas production in the Arctic as it tries to monetize its vast natural gas reserves. Gazprom Neft announced a tender late last year for a study on how best to use its gas reserves in the...