Cyprus News

Greece Calls Turkey's Seismic Survey in Mediterranean Illegal

Aug 10, 2020

Turkey dispatched a vessel to conduct a seismic survey in a disputed area in the eastern Mediterranean, a move which Greece said was illegal and is likely to heighten tensions between the two NATO allies.The advisory issued by the Turkish navy…

France to Increase Mediterranean Military Presence over Turkish Oil & Gas Exploration

Aug 13, 2020

France will increase its military presence in the eastern Mediterranean, President Emmanuel Macron said on Wednesday, calling on Turkey to halt oil and gas exploration in disputed waters that has heightened tensions with Greece.The French leader…

Egypt Says Turkish Seismic Survey Plans Could Encroach on Its Waters

Aug 03, 2020

Egypt said on Saturday that part of a seismic survey planned by Turkey in the eastern Mediterranean potentially encroached on waters where Cairo claims exclusive rights.An advisory issued last month by Turkey for the survey overlaps with Egypt's exclusive economic zone (EEZ)…

Spain Hopes Turkey Overture on Offshore Drilling Leads to Talks

Jul 28, 2020

Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday she hopes the will shown by Turkey to open a dialogue on oil drilling in the Eastern Mediterranean will be followed by action.Turkey is at loggerheads with Greece and Cyprus over overlapping claims for offshore reserves…

Turkey Slams Greek Claim Over Mediterranean Seismic Survey

Jul 22, 2020

The eastern Mediterranean region where a Turkish ship will carry out a seismic survey is part of Turkey's continental shelf, Ankara said on Wednesday, rejecting Greece's accusation that the ship is encroaching on its own shelf.Long-standing…

Spain Sees Thaw in Europe-Turkey Tensions on Mediterranean Offshore Exploration

Jul 28, 2020

Spain's foreign minister said that talks in Turkey on Monday had helped to reduce tensions between some European Union members and Ankara over Turkish energy exploration in the Mediterranean, adding that a one-month pause in drilling was possible…

Chevron to Buy Noble Energy for $5 Billion

Jul 20, 2020

U.S. oil major Chevron has agreed to buy Noble Energy, in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0…

Israel Approves Eastmed Subsea Pipeline

Jul 21, 2020

The Israeli government on Sunday approved an agreement with European countries for the construction of a subsea pipeline that would supply Europe with natural gas from the eastern Mediterranean.The Eastmed pipeline, which has been in planning for several years…

Total Wins Woodmac's 'Most Admired Explorer' Award

Jul 06, 2020

French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s annual Exploration Survey.  Dr. Andrew Latham, Vice President, Global Exploration Research, at Wood Mackenzie…

Greece, Italy to Sign Accord on Maritime Zones

Jun 09, 2020

Greece and Italy will sign an agreement on maritime boundaries during a visit by Italy's foreign minister to Athens on Tuesday, the Greek Foreign Affairs Ministry said.The deal follows months of tensions in the Eastern Mediterranean region over natural resources…

Turkey May Begin Drilling Under Libya Deal in 3-4 Months

May 29, 2020

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.Libya's internationally…

Greek-Italian JV Seeks Contractors for EastMed Gas Pipeline

May 04, 2020

A joint venture between Greek utility DEPA and Italy's Edison is seeking to shortlist two contractors to build part of a pipeline to carry natural gas from the eastern Mediterranean's rapidly developing gas fields to Europe, DEPA said on Thursday…

EU Issues Sanctions Over Turkish Drilling Off Cyprus

Feb 28, 2020

The European Union has imposed sanctions against two persons for their involvement in Turkey's offshore drilling activities near the Cyprus coast in the Eastern Mediterranean.'Today, the [European] Council has placed two persons under restrictive…

Cyprus Blocking Russia Sanctions Amid Turkey Offshore Drilling Spat

Jan 27, 2020

Cyprus is blocking new European Union sanctions against several officials from Russia-annexed Crimea in a bid to secure EU backing for tougher action against Turkey in a separate row over drilling for hydrocarbons, three diplomatic sources said…

Turkey Spars with EU Over Fresh Drilling Off Cyprus

Jan 20, 2020

Turkey called on Sunday for the European Union to end what it said was the bloc's prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling off the Mediterranean island.Turkey began drilling for oil and gas near Cyprus last year despite warnings from the EU…

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