CYPRUS

 

East Med Energy Hub?

 

Cyprus is set to become a regional energy services hub for the East Mediterranean. Two of the world’s largest oilfield services companies, Houston-based Halliburton and Schlumberger, will make the island their regional base – servicing their drilling offshore Israel and Lebanon, and potentially Egypt, as well as Cyprus itself.

Halliburton’s senior vice president for Europe and Africa Mark Richard visited Nicosia on 9 May to...