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...
Rosnedra has confirmed a record oil find in the Yenisey River delta. Russia’s state mineral extraction agency estimates that the Paykha fields may hold as much as 8.4 bbls where the Yenisey flows into the Kara Sea. Russia's business daily Kommersant called the estimate one of the largest...
The policy of China on foreign oil and gas operators is about to change. China will allow private and foreign firms to explore its domestic oil and gas resources under an interim trade deal to be signed next week with the United States Companies with net assets of at...
Turkey's Botas issued a tender to purchase 70 cargoes of LNG (liquefied natural gas) for delivery over 2020-2023, two days after the US lifted sanctions. The US imposed sanctions earlier in October in response to Turkey's military offensive in northern Syria. The LNG tender will close on Nov. 8. Heavily dependent...
ENI has made a new light oil discovery in Block 15/06, in deep-water offshore Angola. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside. The Ndungu-1 NFW well is located...
With interest high in oil and gas opportunities offshore Brazil, the country known for its deep water and huge presalt reserves is preparing for to tender more offshore blocks in 2019. Investors will have plenty of opportunities to take part in strengthening Brazil’s energy sector. The main one, according to...
Mazarine Energy announced that its subsidiary, Mazarine Energy Tunisia, and partner ETAP (Entreprise Tunisienne d’Activités Pétrolières) have made a discovery in a Tunisian oil-bearing reservoir. The discovery was made in exploration well Sidi Marzoug-1 (SMG-1) in the 4,012-sq-km in Central Tunisia. During a production test, SMG-1 well flowed, constrained...
The government of Uganda through the Ministry of Energy and Mineral Development Uganda plans tenders on new blocks in the country’s second licensing round, according to Petroleum Africa magazine. The round includes five blocks in the Albertine Graben. These blocks are the Avivi, the Omuka, Kasuruban, Turaco, and...
South Africa signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2. The deal – which is strategic for South Africa as an energy consumer – will see Block B2 operated by the state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and Nilepet –the national...
Czech Metrans Rail will operate a weekly China-Slovakia freight train crossing Ukraine in November, cutting 520 km off the usual Belarus-Poland route. In late September, Metrans Rail, a private Czech company, ran a 44-container train from Xi'an, China to Danube-Streda, Slovakia. The experiment proved the efficiency and cost savings of...