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Germany Targets African Energy as an investment opportunity, particularly in clean energy and digitalization technology companies. In a webinar hosted by the African Energy Chamber (www.EnergyChamber.org) and Germany Africa Business Forum (GABF), speakers pointed out that Africa has recently shifted to the forefront of Germany’s foreign policy and development...
Power China signed a memorandum of cooperation with regional officials to partner with Rivne International Airport into a major cargo hub in Ukraine. The Chinese construction company is heavily involved in Beijing’s Belt and Road Initiative. Rivne has the largest airport in northwest Ukraine. The Rivne Ukraine cargo hub...
Cyprus and Lebanon agreed to start negotiations on the exploitation of hydrocarbon reserves straddling the median line between their respective exclusive economic zones (EEZ), the Cyprus Mail reported. Foreign Minister Nicos Christodoulides, and Energy Minister Yiorgos Lakkotrypis, held talks in Beirut on Thursday with Lebanon’s Foreign and Energy Ministers, Gebran...
South Sudan needs investment from the energy industry in the form of money and technology if the country is to rebuild and stabilize itself. That was the point that Nj Ayuk, Executive Chairman of the African Energy Chamberand CEO of the Centurion Law Group, made in a keynote at the...
MacGregor, part of Cargotec, has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater Floating Production Unit (FPU) located on the China Sea Lingshui 17-2 gas field. The order is booked into Cargotec’s third quarter of 2019 order...
ExxonMobil announced it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely drilled to 13,780 feet (4,200 meters) depth in 6,769 feet (2,063...
The Hellenic (Greek) Hydrocarbon Resources Management (HHRM) department reports that seismic studies of Crete's offshore predict major reserves located to the south. ”The team of HHRM completed the processing of seismic data to accurately map the geometric structures in the marine areas of central Ionian and south of Crete,” the...
The Malampaya gasfield guarantees Philippine energy security, but it runs dry soon and gas producers fear new fields are too near to the South China Sea. About 80 km off the northwest coast of Palawan Island in the South China Sea is the Malampaya natural gas field, the Philippines’ main...
Turkey will begin drilling for oil and gas around Cyprus, Turkish Foreign Minister Mevlut Cavusoglu said last week, a move that is obviously intended to position Turkey ahead of the fight to determine legal rights to offshore oil and gas resources in the island's territorial waters. In November, Exxonmobil together...
Is Turkey drilling offshore Cyprus on insider data? The Cypriot government thinks Turkey got insider info on blocks off Cyprus' southern coast. Cypriot Government Spokesperson Kyriacos Koushos, who spoke to Greece’s Hellenic Broadcasting Corporation ERT this week, charged Ankara with having “somehow” obtained information regarding Block 8, which lies north...