Cyprus News

 

Energean Looking to Boost Israel FPSO Capacity

Mar 23, 2023

Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year, CEO Mathios Rigas told Reuters on Thursday. The FPSO is…

Edison Plans Final Investment Decision on East Mediterranean Gas Pipeline to Europe By End of Year

Mar 20, 2023

Energy group Edison plans to take the final investment decision on a proposed pipeline to deliver east Mediterranean gas to European markets by the end of this year, the Italian project developer told Reuters. The EastMed-Poseidon pipeline,…

Greece Wraps 2D Seismic Surveys in Gas Exploration Offshore Crete

Feb 21, 2023

Greece has concluded two-dimensional (2D) seismic surveys for two offshore blocks off the island of Crete, under its renewed drive to identify potential gas reserves, the state-owned energy resources company said on Monday. Greece, which views gas as a transition fuel as it ramps up renewables…

High Impact Drilling Held Steady in 2022, Discoveries Up to 9.2 Billion Barrels

Jan 13, 2023

In a tumultuous year of change in the world, high impact drilling in 2022 remained at a similar level to 2021, with 81 high impact wells completing (Figure 1). Performance improved with discovered resource increasing from 7.4bnboe in 2021 to a preliminary estimate of 9…

Global Offshore Drilling Outlook – New Play Exploration Appetite Steady But Strong

Jan 12, 2023

Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year, with the majors driving much of the activity in their core regions. Two areas with big impact potential - the Atlantic Basin and…

Turkey Accuses Cyprus of Stoking Tensions in Eastern Med with Its Gas Exploration Efforts

Dec 30, 2022

Turkey on has accused Cyprus of increasing tension in the Eastern Mediterranean after a consortium of Italian and French energy companies found more natural gas off the island earlier this week.Cyprus's hydrocarbon activities 'have been carried out unilaterally…

Turkey's Black Sea Gas Find Now Amounts to 710 bcm - Erdogan

Dec 27, 2022

The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic meters (bcm) after a new field was located and a previous find was revised higher, President Tayyip Erdogan said on Monday. Speaking after a cabinet meeting…

Eni, TotalEnergies Discover More Gas Offshore Cyprus

Dec 21, 2022

Italian oil firm Eni, in partnership with the French oil company Total, has made a gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus.The news was initially reported Wednesday by the Cypriot media and Reuters, and eventually confirmed by TotalEnergies…

Chevron Gets More Time to Drill Appraisal Well at Offshore Gas Field in Cyprus

Nov 18, 2022

U.S. oil major Chevron has been given more time to drill the A3 appraisal well in the Aphrodite gas field, 160 km south of Limassol, offshore Cyprus.NewMed Energy, partner in Chevron-operated Block 12 in the Mediterranean Sea, said Thursday…

East Med Gas Could Help Ease Europe's Energy Crunch with Right Funding

Oct 17, 2022

East Mediterranean gas reserves can help ease Europe's energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area's full potential, an official said on Friday…

MTR100: For USVs and AUVs, is it a Hydrogen Future?

Oct 12, 2022

Hydrogen has been making big headlines in the energy world. It’s one of the potential routes to deliver high density energy to transport and heavy industry – but also to marine applications, as well as a way to move and store renewable energy…

Cyprus in Renewed Push to Extract Offshore Gas as Shortages Loom in EU

Oct 07, 2022

Cyprus expects natural gas from its seas to become commercially available by 2027, its energy minister said on Friday, adding that Europe's energy crisis had put a renewed focus on how to expedite the development of reserves in the east Mediterranean…

Eni, Total Make 'Significant' Gas Find Offshore Cyprus

Aug 22, 2022

TotalEnergies TTEF.PA of France and Italy's Eni ENI.MI on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.The island reported its first natural gas discovery, Aphrodite, in 2011, measuring around 4.5 trillion cubic feet (tcf) and now run by U…

Turkey's New Drillship to Operate Outside Disputed Waters in Mediterranean

Aug 10, 2022

Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two-year hiatus, though President Tayyip Erdogan said its new drillship would operate outside waters also claimed by Cyprus.The Abdulhamid Han…

Turkey Sends New Oil and Gas Drillship to the Mediterranean

Aug 09, 2022

Turkey sent its new hydrocarbons drilling ship to the Mediterranean Sea on Tuesday but President Tayyip Erdogan said it would operate 55 kilometres (34.18 miles) off Turkey's coast, in an area outside waters also claimed by Cyprus.Speaking at the launch ceremony in the southern province of Mersin…

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