Energy

Turkey and the Law of the Sea: some facts

Ego 3c

IN HIS interview with “Kathimerini” on February 4, 2018, Turkish Foreign Minister Mevlut Çavuşoğlu asserted certain positions on the Law of the Sea in relation to Cyprus, which cannot remain unanswered. Andrew Jacovides * Cyprus Mail The legal position of Cyprus on the Law of the Sea is solidly based on the provisions of UNCLOS III of December 10 1982, in which the Republic actively participated. Article 121, Regime of Islands, expressly provides in Paragraph 2 that “the territorial sea, contiguous ... Read More »

Report: Lebanon Defends Oil Rights, Turns to UNCLOS

Rec 4d

Lebanon’s Foreign Ministry is taking steps to refute Israel’s claim about Block 9 oil field reaching to the international law and the United Nations Convention on the Law of the Sea (UNCLOS), al-Joumhouria daily reported on Friday. by Naharnet Newsdesk “The ministry has issued a letter to the Secretary-General of the United Nations in March, 2017 announcing that Block 9 is located within Lebanese territorial waters and that Lebanon affirms its right to launch the process of contracting, exploration and ... Read More »

New Eni Discovery ‘Confirms’ Extension of Zohr Like Play in Cyprus EEZ

Zoh 2b

Eni has made a ‘promising’ gas discovery offshore Cyprus, which it says confirms the extension of a ‘Zohr like’ play in the country’s exclusive economic zone. RigΖone The Calypso 1 well, located in block 6, was drilled in 6,800 feet of water depth and reached a final total depth of 12,555 feet. Calypso 1 encountered an ‘extended’ gas column in rocks of Miocene and Cretaceous age, with the Cretaceous sequence showing ‘excellent reservoir characteristics’, Eni said in a company statement. Detailed ... Read More »

Lebanon blasts Israel over oil and gas exploration near border

Oil Rig Worker Moving Pipe

In December, the Lebanese Cabinet approved licenses for three international companies to carry out exploratory drilling off the Lebanese coast. ET EnergyWorld AP BEIRUT: Lebanon‘s energy minister vowed Thursday that Beirut will go ahead with oil and gas exploration near its maritime border with Israel, despite Israeli claims to the field that provoked wide condemnation in the tiny Arab country. Cesar Abi Khalil’s comments to The Associated Press came a day after Israel’s defense minister described as “very provocative” Lebanon’s ... Read More »

Trump’s Offshore Drilling Plan

Xao 3c

It was offshore oil drilling deja vu for me—having broken the story about the oil industry seeking to drill in the offshore Atlantic nearly 50 years ago. Karl Grossman CounterPunch But this time offshore drilling would be completely unnecessary with the U.S, awash in petroleum (thus $2.50-a-gallon gas) and oil drilling in the sea ten times more costly than drilling on land. Plus, renewable energy, led by solar and wind, is now well-developed and cheaper than fossil fuels. And although ... Read More »

Regional Report: Eastern Mediterranean

Tun 2b

Eastern Mediterranean region are beginning to increase E&P activity and were able to bring several key projects on stream in 2017 Emily Querubin World Oil Eastern Mediterranean region are beginning to increase E&P activity and were able to bring several key projects on stream in 2017. Despite a substantial amount of progress, the region still faces a few hurdles as it enters the new year. EGYPT Egypt is home to several mega-projects—including Nooros and Zohr fields—which reportedly will double the ... Read More »

Cyprus sets sea borders for energy drilling with Greece’s backing

Gr Tr Cy 1a LLLL

NICOSIA – Facing challenges from Turkey, which has unlawfully occupied the northern third of the island since a 1974 invasion, Cyprus is moving ahead to set the rest of its Exclusive Economic Zone (EEZ), trying to re-establish borders in the seas where it has licensed international companies to drill for oil and gas. Tornos News Cyprus will delineate the EEZ that Turkey has violated, including the north and western part, Cypriot President Nicos Anastasiades said, calling on Greece to offer ... Read More »

Winds of change: Britain now generates twice as much electricity from wind as coa

Asa 4d

Just six years ago, more than 40% of Britain’s electricity was generated by burning coal. Grant Wilson Iain Staffell The Conversation Today, that figure is just 7%. Yet if the story of 2016 was the dramatic demise of coal and its replacement by natural gas, then 2017 was most definitely about the growth of wind power. Wind provided 15% of electricity in Britain last year (Northern Ireland shares an electricity system with the Republic and is calculated separately), up from 10% in 2016. ... Read More »

Trump proposes massive expansion of offshore drilling

Drel 1a

The Trump administration is proposing to greatly expand the areas available for offshore oil and natural gas drilling, including off the Pacific and Atlantic coasts. Timothy Cama The Hill In the first major step toward the administration’s promised expansion of offshore drilling, Interior Secretary Ryan Zinke said nearly all of the nation’s outer continental shelf is being considered for drilling, including areas off the coasts of Maine, California, Florida and Alaska. The proposal, which environmentalists immediately panned as an environmental disaster ... Read More »

China and India dominate planned pipelines additions

Karak 6f

GlobalData’s latest analysis of global planned trunk/transmission oil and gas pipelines for the period 2018 to 2022 shows that the Xinjiang–Guangdong–Zhejiang SNG gas pipeline in China is the longest planned pipeline globally with a length of 8,972 kilometres (km). By GlobalData Energy Hydrocarbons Technology The onshore pipeline is expected to start operations in 2022 China Petrochemical Corp has 100% equity in the pipeline while China Petroleum & Chemical Corporation is the operator. The pipeline has a… The second longest planned ... Read More »

Oil starts to flow from North Sea’s Catcher project

Ceki 7gg

The first oil has been pumped from the vast Catcher area in the North Sea, with production set to be ramped up in the new year. Scott Reid The Scotsman Premier Oil said it had achieved the feat on the afternoon of 23 December. The £1 billion-plus Catcher project lies some 110 miles off the coast of Aberdeen. Production will start off at some 10,000 barrels per day, ramping up to about 60,000 barrels in the first half of 2018. ... Read More »

Egypt signs $200M agreement with EBRD for energy efficiency

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2017-12-27 09:59:56Z | http://piczard.com | http://codecarvings.com

CAIRO – 27 December 2017: Minister of Investment Sahar Nasr signed an agreement with the European Bank for Reconstruction and Development (EBRD) to provide a $200 million loan to the Egyptian Natural Gas Holding Company (EGAS). Egypt Today Focusing on improving the gas pipeline and transmission network of Egypt, the EBRD said on its website that the loan will be directed to installing waste heat recovery, turbo-expanders, gas metering data systems infrastructure and liquefied petroleum gas (LPG) separation plant as ... Read More »

Oil firms to step up exploration off Norway next year after poor 2017

Thomson Reuters logo 1a orange LLLL

OSLO (Reuters) – Efforts to find new oil off Norway are expected to double next year, preliminary company plans show, with activity rising in more mature areas after this year’s disappointing Arctic campaign. Nerijus Adomaitis The pressure to deliver is growing as this year’s poor exploration results were partly to blame for a drop in interest in Norway’s latest licensing round Around 45-50 exploration wells, including wells to delineate previously made discoveries, could be drilled next year on the Norwegian ... Read More »

France bans fracking and oil extraction in all of its territories

Lek 2b

French parliamentarians have passed a law banning fossil fuel extraction. President Macron says he wants France to lead the world with switch to renewables Agence France-Presse The Guardian France’s parliament has passed into law a ban on producing oil and gas by 2040, a largely symbolic gesture as the country is 99% dependent on hydrocarbon imports. In Tuesday’s vote by show of hands, only the rightwing Republicans party opposed, while leftwing lawmakers abstained. No new permits will be granted to ... Read More »

Timeline: game-changing gas discoveries in the eastern Mediterranean

Aulw 2b

Massive gas discoveries in the Mediterranean Sea’s Levant Basin have attracted a flood of investment – and no shortage of geopolitical tension. Chris Lo Offshore Technology This timeline brings together some of the most important milestones in the development of offshore gas projects in the eastern Mediterranean. Unlike the Gulf of Mexico or the North Sea, the Mediterranean Sea has always been better known for stunning climate, cuisine and a booming tourism trade than offshore oil and gas. But as ... Read More »

The Arctic – The Arctic Russia’s plan for the world’s newest ocean

Felex 1a

There’s a new ocean at the top of our globe In just the past three decades, global warming has shrunk the size of the Arctic Ocean’s summer ice by half. Vox The region is now more accessible than it’s been in 1,000 years, and governments around the world have taken notice. The melting of the Arctic has grave implications for global weather patterns and rising sea levels, and most of the world sees it as a looming disaster. But for ... Read More »