Floater market ‘recovery’

The floating production market has started to experience a recovery, according to the latest research from US consultancy Energy Maritime Associates (EMA), which forecast that about $86 billion will be spent in the sector over the next five years.

Spin-off for global business

Lundin Petroleum is spinning off its international business to give it more room to expand while the parent company focuses on its fast-growing Norwegian activities, writes Beate Schjolberg.

Turkmen president wins vote

Turkmenistan’s current President Gurbanguly Berdymukhamedov will rule the country for another seven years after an overwhelming victory in presidential polls this past weekend, writes Vladimir Afanasiev.