The Trans-Adriatic Pipeline is a key element of Azerbaijan’s efforts to export its greatest source of wealth, its Caspian Sea natural gas deposits, to European markets. It is also a cornerstone of the European Union’s strategy to weaken Russia’s hold on European gas markets.
The violence broke out after more than 1,000 demonstrators gathered to back the blockade between the coal-producing separatist east and the rest of Ukraine, which Kiev has warned could cause nationwide power cuts and job losses.
How much patience Saudi Arabia will have for other OPEC members not pulling their weight under the cartel's oil cutback agreement has taken on with news that the kingdom is losing a share of South Korea's oil market to Iran.
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded a contract extension by Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) for platform drilling services on its three platforms offshore Sakhalin Island in Russia.