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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...
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...
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...
Gazprom Neft has completed ecological monitoring populations of grey whales at the Ayashsky license block, offshore Sakhalin Island, with expedition members registering more than 550 animals in the course of a five-month survey. According to a press release, the ecological monitoring of grey whales in the Sea of Okhotsk forms...
Almost two-thirds of Norway’s undiscovered gas resources are expected to lie in the Barents Sea, which underlines the importance of this area for long-term gas exports from the Norwegian Continental Shelf. These were the words Bente Nyland, Director General  of the Norwegian Petroleum Directorate used in expressing her vision in...
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...
Cortec Corporation’s VpCI®-391 water-based coating is transforming transit and storage protection options for equipment manufacturers, suppliers, and owners. This removable coating delivers exceptional corrosion protection for indoor and outdoor applications and dries to a thin, clear film which is virtually unnoticeable. VpCI®-391 can be used to protect both unpainted...
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...
A new climate friendly offshore platform is in the making as BP targets carbon emissions with green tech. The company is “deadly serious” about reducing emissions from oil and gas production, said Gordon Birrell, BP’s COO for production, transformation and carbon, at OTC. Some in the industry are finding ways...
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...