Cyprus News


Saipem Pre-Qualifies for Work at Libya’s Major Offshore Gas Project

Sep 26, 2024

Italian multinational oilfield services company Saipem has pre-qualified to carry out EPCC works for Production Platform E – part of the $8 billion Structures A&E Development Project, which aims to increase Libya's gas production.Led by Mellitah…

Greece and Cyprus to Install 'World's Longest' Subsea Power Cable

Sep 23, 2024

Greece and Cyprus have signed a memorandum of understanding (MoU) to press ahead with a subsea electric cable linking continental Europe to the East Mediterranean, the energy ministries of the two countries said on Saturday.The Great Sea Interconnector…

Esgian Week 38 Report: Contracting has Slowed

Sep 22, 2024

Esgian has no rig contracts to announced but provides an update on rig moves and drilling operations in the US Gulf of Mexico, Canada, Morocco and Norway in its Week 38 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesExxonMobil…

Esgian Week 36 Report: New Contracts Awarded in India, Guyana and West Africa

Sep 08, 2024

Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India…

Israel Takes Next Step in Aphrodite Gas Field Development

Sep 01, 2024

The partners in the offshore Aphrodite natural gas field have submitted a plan to the Cypriot government to develop the project at a cost of about $4 billion, Israel's NewMed Energy said on Sunday.NewMed said that together with partners Chevron…

Cyprus Sets Deadline for Aphrodite Development Plan

Aug 26, 2024

A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.There have been…

Cyprus Officials Discuss East Med Gas Investments with BP, ADNOC

Aug 02, 2024

Representatives of BP and Abu Dhabi's state oil giant met Cypriot Energy Ministry officials on Friday to explore investments in the country's emerging natural gas sector, a source familiar with consultations said.BP and ADNOC earlier this year…

Women in Maritime Day: Shaping the Future of Maritime Safety

May 17, 2024

This year’s International Day for Women in Maritime focuses on the crucial role of women in ensuring maritime safety worldwide, while highlighting the changing attitudes towards gender in the industry.Observed globally on May 18 every year,…

Cyprus Seeks Improvements to Chevron-led Plans for Offshore Gas Field

May 02, 2024

Cyprus said on Thursday it wanted to see improvements to Chevron-led plans to extract gas from an offshore field, giving the consortium led by the U.S. major six months to meet its requirements.There have been protracted talks on the future…

Esgian Week 7 Report: Earnings Season Starts

Feb 18, 2024

Esgian has released its Week 7 Rig Analytics Market Roundup saying “The earnings season for offshore drilling contractors is officially open following Odfjell Drilling's quarterly report on Thursday. Additionally, new contract awards have been confirmed for Borr Drilling…

TotalEnergies and Eni Confirm ‘Excellent Well Deliverability’ at Gas Discovery Offshore Cyprus

Feb 15, 2024

TotalEnergies and Eni, the equal partners in Block 6 offshore Cyprus, have completed the drilling and production test of the Cronos-2 appraisal well, confirming excellent deliverability and well production capacity in excess of 150 mmscfd.The…

TotalEnergies Pays $199M for Tungsten Explorer Drillship Buy-In

Feb 07, 2024

French energy major TotalEnergies and offshore drillship operator Vantage Drilling have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship.Pursuant to the terms of the agreement…

Esgian: Rigs on the Move in Asia and Europe

Dec 17, 2023

This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract…

Cyprus Responds to Chevron Extension Sought over Aphrodite Gas

Nov 06, 2023

Cyprus has responded to a request from international energy companies led by Chevron for an extension in talks over a modified development plan for its Aphrodite offshore gas field, its energy minister said on Monday.Talks to bridge a rift over pared-back plans for the 3…

Middle East Conflict Threatens Regional Gas Market, Could Affect Europe's LNG Supplies - Rystad

Oct 19, 2023

The ongoing conflict between Israel and Hamas, the Palestinian militant group, poses a serious threat to the regional natural gas market and could have knock-on effects on Europe’s liquefied natural gas (LNG) supply as winter approaches, Rystad Energy…

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

ADNOC-Led Consortium Closing in on Santos Takeover

Denmark Extends Operating Life of Two Offshore Wind Farms

OPT Secures US Patent for Floating Marine Vehicle Charging System

Subscribe for OE Digital E‑News

Offshore Engineer Magazine