Murphy Oil Corporation has secured six offshore exploration licenses in Israel's Zone G, marking the company's entry into the Eastern Mediterranean.The licenses, awarded by the Government of Israel, cover approximately 1,700 square kilometers offshore Israel…
Tenaris has secured contracts to supply pipes, offshore drilling tubulars and coating services for the Cronos gas development offshore Cyprus, operated by Eni in partnership with TotalEnergies.The contracts cover line pipe and oil country tubular…
Maritime Developments (MDL) has completed a subsea umbilical replacement and flowline installation campaign for Oceaneering International offshore Egypt, aimed at restoring production capacity at two Mediterranean fields.The work involved replacing a damaged production umbilical…
Chevron's Nargis-2 appraisal well offshore Egypt has confirmed the extension of previously discovered gas-bearing formations and encountered an additional gas-bearing layer, supporting further evaluation of the undeveloped Nargis gas discovery in the Mediterranean Sea…
Eni has completed the Bouri Gas Utilization Project (GUP) offshore Libya, with start-up procedures underway for infrastructure designed to recover associated gas previously flared at the field and reduce CO2 emissions by approximately 1.5 million tonnes annually…
Chevron and the Egyptian Natural Gas Holding Company (EGAS) have signed an agreement covering at least $88 million of investment in natural gas and crude oil exploration and production in the Lotus offshore area in the Mediterranean Sea.The…
Chevron plans to begin seismic surveys in Greek waters before the end of 2026, covering areas in the Ionian Sea and south of the Peloponnese and Crete, Greece's energy ministry said.The timetable was confirmed during a meeting between Greek…
Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports.Italy currently produces about 29 million barrels of crude oil a year…
Eastern Mediterranean-focused gas producer Energean posted a 45% jump in first-half profit on Wednesday, helped by a lower tax charge in Italy, and said production had recovered strongly following the restart of operations in Israel.The company…
McDermott has secured a subsea contract from Eni for the Cronos gas field development offshore Cyprus, following the recent final investment decision for the country's first gas development.Under the contract, worth between $500 million and $750 million…
Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite offshore gas field.The transaction, which is subject to customary adjustments…
TGS has been hired for an ocean-bottom node (OBN) seismic survey in the Africa, Mediterranean and Middle East (AMME) region, with offshore operations scheduled to begin in the fourth quarter.The company said a deepwater acquisition crew is due to mobilize in the fourth quarter…
Eni and TotalEnergies have taken a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, paving the way for the country's first gas project and creating a new liquefied natural gas (LNG) export route to Europe via existing infrastructure in Egypt…
Energean has commissioned the second oil train on its Energean Power floating production, storage and offloading (FPSO) vessel, increasing liquids processing capacity by 72% to 31,000 barrels per day at the Karish and Karish North fields offshore Israel…