Energy

Russia’s Gazprom signs protocol with Turkey on TurkStream gas pipeline

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Russian state gas giant Gazprom said on May 26 it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botaş to end an arbitration dispute over the terms of gas supplies. MOSCOW – Reuters Hurriyet The protocol concerned the land-based part of the transit leg of the TurkStream gaspipeline, which Gazprom said meant that work to implement it could now begin. Turkey had delayed issuing a permit for the Russian company to start building the land-based parts of the pipeline which, if completed, would allow ... Read More »

Cyprus: tensions grow as contested waters yield promising results

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Tensions over natural gas and oil deposits in the sea off Cyprus threatened to boil over this March after Turkey sent a drill ship to the contested region just days after US based ExxonMobil dispatched its own survey vessels. Patrick Kingsland offshore technology Turkish president Erdogan has gone so far as to say he won’t tolerate the reserves being exploited by Greek Cypriots. So what is at stake here and how likely is it that oil will begin flowing anytime ... Read More »

Australia’s deal with Timor-Leste in peril again over oil and gas

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In April, Australia and Timor-Leste reached agreement on their maritime boundaries in the Timor Sea. Rebecca Strating and Clive Schofield The Conversation This resolved a longstanding source of contention between them. The potential benefits of this historic breakthrough are now in peril, because the critical issue of how the shared oil and gas of the Timor Sea are to be developed remains in dispute. Breakthrough on maritime boundaries Australia and Timor-Leste’s boundary agreement was achieved thanks to a… Australia’s deal ... Read More »

Optimism returns to North Sea energy sector as ‘corner turned’

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Optimism is returning to North Sea energy operators, with trends in “upstream” exploration and production activity the highest since 2014, an authoritative report out today shows. Martin Flanagan The Scotsman UK Continental Shelf (UKCS) contractor investment is outweighing cost reductions, with firms also now equally optimistic about the North Sea and international markets for the first time since 2013, according to the 28th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce, KPMG and the… Overall, almost ... Read More »

Iran’s stance affects the energy balance in East Med

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A new condition is expected to be formed in the Eastern Mediterranean region due to the Iran-centred crisis in the Middle East, incited by the new U.S. leadership. Nefeli Tzanetakou ibna Total’s decision to leave Iran due to Washington’s sanctions at the expense of the country seems to favour Cyprus at the moment. A senior executive told the Associated Press that Total intends to expand its operations in the Republic of Cyprus’s EEZ by proceeding with new gas exploration surveys. In ... Read More »

US criticizes China’s militarization of disputed South China Sea

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BEIJING — The Pentagon criticized what it called China’s “continued militarization” of island outposts in the disputed South China Sea, where the Chinese air force landed long-range bombers for the… The Associated Press NavyNews The China Daily newspaper reported Saturday that the People’s Liberation Army Air Force conducted takeoff and landing training with the H-6K bomber in the South China Sea. China is pitted against smaller neighbors in multiple disputes over islands, coral reefs and lagoons in waters crucial for global commerce and rich in ... Read More »

Exclusive: As Rosneft’s Vietnam unit drills in disputed area of South China Sea, Beijing issues warning

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HANOI (Reuters) – Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft, is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the… James Pearson Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do “Red Orchid” offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The ... Read More »

The “Israel”-Hellenic Alliance That May Push Turkey to Cut Ties With Tel Aviv

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The Turkish government has just announced the effective expulsion of Eitan Na’eh, “Israel’s” Ambassador to Ankara. According to the Daily Sabah, Adam Garrie EurasiaFuture “Na’eh was asked to leave Turkey indefinitely by the Turkish ministry of foreign affairs following the Israeli bloodshed and his tweets”. The move comes as Erdogan has openly challenged other nations that have formal relations with the occupier entity to question whether such relations are beneficial to the Muslim world. The clear targets of… The “Israel”-Hellenic… Read More »

Australia’s biggest solar farm switches on in Port Augusta

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Australia’s biggest solar farm – the 220MW (AC) Bungala solar project near Port Augusta in South Australia – has begun production marking the important first stage of the transformation of a former coal city into a… Giles Parkinson REnewEconomy The first output from Bungala – which could end up being a 300MW project if all three stages are built – was injected into the local grid last week, as final commissioning of the 110MW first stage continues. Bungala, located 12kms from ... Read More »

Erdogan: Cyprus Oil Drilling Is A Security Threat To East Mediterranean

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The Eastern Mediterranean will face a security threat should Cyprus continue its unilateral operations of offshore oil and gas exploration in the region, Turkey’s President Recep Tayyip Erdo?an said in a speech at think tank Chatham… Tsvetana Paraskova OilPrice Turkey, which recognizes the northern Turkish Cypriot government and doesn’t have diplomatic relations with the internationally recognized government of Cyprus, claims that part of the Cyprus offshore area is under the jurisdiction of Turkish… Tensions in the area flared up earlier ... Read More »

Ocean’s Monopoly: How Nations Use Science to Conquer the Sea

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A look into the complex world of ocean bed ownership and how nations are vying for their own piece of the puzzle. AlJazeera What if a country didn’t end at the coastline but would simply continue under water? A territory the size of a continent would come up – a territory uncontrolled and open for seizure. But who owns the sea bed, is it territory still to… The fact that the world’s oceans cover three-quarters of the earth’s surface once ... Read More »

California becomes first US state to require solar on new homes

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California has become the first U.S. state to require solar panels on all new residential buildings as part of efforts to cut greenhouse gas emissions. Hurriyet The California Energy Commission said the new building standards, adopted unanimously by its members, will go into effect on January 1, 2020. “We are the first, we will not be the last,” commissioner David Hochschild said after the new mandate was adopted. “This is a landmark vote today.” According to the plan, residential homeowners could expect to ... Read More »

As China leads the hunt for deep-sea minerals, environmental and financial concerns come to the surface

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David Dodwell says China is putting money into undersea mining in the hope of maintaining the supply of minerals that make much of today’s technology possible, but such endeavours may threaten marine ecosystems we know little about. David Dodwell South China Morning Post Nasa may be scouring deep space for signs of life. Elon Musk might be looking to Mars. China’s scientists have had an eye cast skyward too – but, at the same time, the country seems keenly focused on challenges much ... Read More »

Balkans: The troubled IGB pipeline in flesh and blood

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Approximately 145 million euros is expected to be available shortly by the ICGB consortium managing the Gas Interconnector Greece-Bulgaria gas pipeline on the occasion of the call for tender for the design and construction of the project. By Nefeli Tzanetakou / ibna This tender foresees the completion of the gas pipeline within 18 months. The launch is planned for the end of this year. The selection of a sponsor or consortium will take place in two phases, a pre-selection, where ... Read More »

Eastern Mediterranean: International Arbitration for ‘Venus’

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Cyprus and Israel are expected to resume international arbitration in order to put an end to their seven-year dispute over the exploitation rights of the “Aphrodite” (“Venus”) field. By Nefeli Tzanetakou / ibna On May 8, a two-sided meeting in Nicosia is scheduled to take place, with the participation of Greece, where, among other things, the implementation plan for the East Med pipeline, which is expected to transport the… In 2010, Cyprus and Israel co-signed the demarcation agreement relevant to the ... Read More »

Moscow’s Maritime threats to Ukraine and the West

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Since invading Ukraine in 2014, Moscow has become significantly bolder. Russia has expanded into Ukraine’s Exclusive Economic Zone (EEZ), the body of water up to 200 miles from the country’s coast that is internationally recognized as its legal territory. Stephen Blank 112 international Russia’s recent naval activity around Ukraine and the Baltic Sea is more than simply a threat to countries in the region. In fact, it represents a challenge to the international order, one that could be replicated by ... Read More »