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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...
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...
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...
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...
Polish LNG terminal operator Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under the LNG Terminal Expansion Program. The environmental permits are final, while the decisions issued by the Governor of West Pomerania are immediately enforceable (which stems directly from the provisions of...
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...
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...
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...
The president of the National Oil, Natural Gas and Biofuels Agency (ANP), Décio Oddone, said in late May that “there is room” for the postponement to 2020 of at least one of the three major oil auctions for the second half of this year. “Three auctions in the same semester...
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...