Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President…
Egypt and Cyprus have signed a series of agreements to transfer natural gas from Cyprus’ Cronos offshore field to Egypt, marking a significant step toward linking Cypriot gas resources to Egypt’s infrastructure and boosting energy cooperation in the Eastern Mediterranean…
Egyptian President Abdel Fattah el-Sisi met Eni CEO Claudio Descalzi to review the Italian group's investments in the African country and discuss new initiatives, the energy company said on Tuesday.Eni, which is the operator of Egypt's offshore gas field Zohr…
A consortium led by ExxonMobil has found a reservoir of natural gas at a prospect off the island's coast, a Cypriot government spokesperson said on Monday.Drilling resulted in preliminary indications of 350 metres of a gas-bearing reservoir at a depth of 1…
Fugro has been awarded a contract to run a comprehensive site characterization program for an Eni-operated deepwater gas development in the Eastern Mediterranean.The award marks an important survey campaign for Fugro in the region, supporting…
Norwegian marine seismic survey services firm Seabird Exploration has changed its name to SED Energy Holdings (Energy Holdings), following the merger with Energy Drilling.Effective from June 20, 2025, the name will be changed along with the ticker code to ENH…
A final investment decision on TotalEnergies' new Cyprus gas project could come in 2026, CEO Patrick Pouyanne told analysts on Wednesday, with deliveries expected in 2028 or 2029.The French oil major is developing Block 6 at the Cronos gas field in a 50-50 joint venture with Italy's Eni…
An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday.Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus…
Italian energy group Eni will invest around 24 billion euros ($26.24 billion) in Algeria, Libya and Egypt over the next four years to help boost energy production, CEO Claudio Descalzi said on Tuesday.The investments would coincide with the…
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…
Cyprus's Energy Minister, George Papanastasiou, said on Thursday that Abu Dhabi's TAQA is interested in investing in and supporting the delivery of an electricity connection project the country is developing.The project is the Great Sea Interconnector…
Chevron-led consortium, in charge of the development of Aphrodite field offshore Cyprus, has signed a non-binding memorandum of understanding (MoU) with the Egyptian national gas company EGAS for the export of gas from the field to Egypt.The MoU was signed by Chevron-led consortium…
Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday.Egypt, the most populous Arab country, has been seeking…
Israel awarded licences to BP, Azeri national oil firm Socar and local company NewMed Energy NWMDp.TA on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.In 2023 the trio…
ExxonMobil and Qatar Energy on Friday began exploratory drilling for natural gas in a prospect west of Cyprus, Cyprus President Nikos Christodoulides said on X.The east Mediterranean has yielded some major gas discoveries in recent years, and…
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