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...
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...
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...
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...
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...
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...
Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilisation for the IRM contract planned for March 2019. With a recently announced two-year charter of the Edda Sun, Fugro has enhanced its IRM, construction and decommissioning support services in Europe. The Edda Sun...
Four modular combinations of Cometto self-propelled trailers MSPE 40t in side-by-side configuration have been involved recently in heavy duty movements by customer Marine Maroc. The project consisted of the transport of six diesel engines each weighing 215t and six generators each weighing 72t for the power plant of Kayes in Mali....
Evac, a global provider of integrated water and waste management systems, has acquired Transvac Systems a UK business specialized in distributing and servicing wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms. The acquisition builds on Evac's expansion strategy which in May 2018 saw...
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal. At current oil price levels, spending on land rigs, fracking and other...