Partners in the Aphrodite natural gas reservoir offshore Cyprus have approved the start of front-end engineering and design (FEED) work for the field's production systems and export infrastructure.The decision, taken on December 22, 2025, clears the way for FEED spending of about $105.7 million on a 100% basis, with NewMed Energy’s share estimated at around $31.7 million.The Aphrodite reservoir, discovered in Block 12 in Cyprus’ exclusive economic zone and holding an estimated at 3…
Energean on Tuesday forecast 2026 production of 140-150 thousand barrels of oil equivalent per day (kboed), below last year's numbers, as the gas producer looks to expand operations and boost output amid geopolitical disruptions.Shares of the FTSE-250 company were down 2…
Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a massive multi-client ocean bottom node (OBN) seismic acquisition and imaging program in Egypt’s Eastern Mediterranean offshore.The largest project of its kind in the region…
Israel has approved a deal that will supply natural gas to Egypt, Israeli Prime Minister Benjamin Netanyahu said on Wednesday, describing it as the country's largest-ever gas deal.Israel signed the export agreement in August with Chevron and its partners…
Energy data and intelligence firm TGS has secured a streamer acquisition contract in the East Mediterranean.Acquisition is scheduled to begin in the third quarter of 2025, and the contract has a duration of approximately 30 days.No further details…
Israeli government has ordered Chevron’s subsidiary Chevron Mediterranean to halt production at its operated Leviathan offshore natural gas project amid security concerns related to the escalation of conflict with Iran.The Minister of Energy…
British gas producer Energean said on Friday it has temporarily suspended the production and activities of its Power floating production storage and offloading (FPSO) located offshore Northern Israel due to the geopolitical escalation in the Middle East…
A deal for Carlyle to buy assets from Energean for up to $945 million is at risk of collapse as some regulatory hurdles are yet to be cleared ahead of a deadline this week, Energean said on Monday.The two companies reached an agreement last…
Italian energy major Eni has signed an agreement with Egypt and Cyprus for the development and export of Cyprus Block 6 gas through Egypt’s existing infrastructure.The agreement outlines a comprehensive framework enabling a rapid development of the Cronos gas discovery offshore Cyprus…
The Cypriot government has approved the updated plan for the Aphrodite gas field, filed by Chevron-led consortium, which will see the construction of a floating production unit (FPU) and a pipeline for exporting gas to Egypt.Following Cypriot government’s approval of the plan…
An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday.Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said…
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million, the companies said on Thursday…
Oil and gas company Energean has brought the Karish North and second gas export riser online at the Karish field in the Mediterranean Sea, offshore Israel.Karish North first gas was safely achieved on February 22, 2024, Energean informed. The…
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…
Longitude Engineering, part of Oslo-listed ABL Group, has secured a contract to provide detailed design and engineering services for the subsea development of Phase-X at Egypt’s West Delta Deep Marine concession, part of the Burullus Gas Field in the Mediterranean Sea…
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