Turkey plans its exploratory drilling in the Eastern Mediterranean on October 29, it was reported on Monday. Ankara said last week it’s drilling vessel Fatih had already arrived onsite and that training would be conducted with drilling at the end of the month. Necdet Pamir, the Chairman of the Energy Commission of the Republican People’s Party (CHP) and also the chairman of the Committee on Energy Policies of the Chamber of Petroleum Engineers of Turkey, told Sputnik on Monday that the start of exploratory drilling planned for October 29 had a symbolic meaning. Source Cyprus Mail
German 10-year bond yields dropped below zero for the first time in more than two years after the nation’s manufacturing sector fell deeper into contraction, compounding fears of an economic slowdown across the euro area. Source: Bloomberg.
A federal judge has temporarily blocked new drilling on 300,000 acres of land in Wyoming after ruling that the US Department of the Interior “did not sufficiently consider climate change” when allowing oil and gas companies to lease federal land in the state. Source: The Verge.
Finance Minister Olaf Scholz has announced plans to cut refugee and asylum seeker integration funding by just under a third ahead of 2020, drawing criticism from both sides of the political spectrum. In a bid to reduce government expenditure, German Finance Minister Olaf Scholz has announced plans to reduce refugee funding by €1.3 billion from 2020, bringing it down from the current €4.7 billion budget, reported DPA. Source: The Local.
