Cyprus News

Total's Cyprus well most critical for 2017

Jan 12, 2017

Driven by the success of Eni’s major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit. Total’s announcement that it will…

Updated: Exxon, Eni, Total win Cyprus blocks

Dec 21, 2016

The government of Cyprus has selected companies, which include ExxonMobil, Eni, and Total, to negotiate exploration drilling terms for three blocks in the exclusive economic zone (EEZ) of Cyprus. Image of the 3rd licensing round map…

Tributes to David Doig

Jan 17, 2017

Industry champion David Doig has died at age 57 after suffering a heart attack.  Doig was CEO of OPITO, the global oil and gas industry skills, standards and workforce development organization, and was based in Dubai. He died in a hospital in Fife…

Energean selects FPSO for Israeli gas fields

Jan 11, 2017

Energean Oil & Gas is planning to develop the Israeli Tanin and Karish gas and condensate fields using a floating production solution, the firm announced in a press conference today.  Energean says it will submit a formal field development plan (FDP) for both fields…

Oil majors bid for Cyprus blocks

Jul 27, 2016

Oil majors Statoil, Eni, Total and ExxonMobil have submitted rival bids for three exploration blocks offshore Cyprus in the country's 3rd Licensing Round.  Three blocks - 6, 8 and 10 - in the Mediterranean Sea were put on offer, with six applications made…

Six applicants for three Cyprus offshore blocks

Jul 25, 2016

Cyprus has received six applications from eight companies for the three blocks it put up in its 3rd Licensing Round for offshore exploration. The three blocks were Blocks 6, 8 and 10, in the Exclusive Economic Zone of Cyprus in the Mediterranean Sea…

Petrobras switches out accomodation vessels, Prosafe refinancing

Jul 08, 2016

Prosafe has signed contract amendments and an extension with Petrobras which will see the Brazilian oil firm switch out the semisubmersible accommodation vessel Safe Eurus for sister vessel Safe Notos. Safe Notos was already due to start a contract with Petrobras…

GSP secures Tunisian drilling contract

Jul 06, 2016

Grup Servicii Petroliere (GSP) has been awarded an offshore drilling contract in Tunisia by Numhyd. Drilling operations will be carried out with the GSP Jupiter, a cantilever type mobile offshore drilling unit (MODU). The rig is currently under preparation for the contract in Limassol…

Ocean Rig buys Cerrado drillship

Apr 25, 2016

Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…

Cyprus offers three offshore blocks

Mar 25, 2016

The Republic of Cyprus announced its third Licensing Round for offshore exploration consisting of three blocks.  The areas up for grabs include Blocks 6, 8 and 10, lolcated in the Mediterranean Sea.  The application deadline is 22 July…

Bucking the trend

Apr 01, 2016

Chad Barnes reports that contrary to current industry norms, contracting activity in the Eastern Mediterranean and North Africa region is on the rise. The Eastern Mediterranean gas landscape and a focus on Egypt…

Sea of opportunity

Apr 01, 2016

Heather Saucier examines the geology of the Mediterranean and North African region, and assesses where more discoveries could be made. The location of four assessment units in the Nile Delta Basin Province in the Eastern Mediterranean…

Cyrus drilling delayed

Feb 01, 2016

Planned drilling at Block 12 offshore Cyprus gained a waiver from the government of Cyprus to carry out additional drilling outside of the Aphrodite area, upon the completion of the transfer of 50% of the rights of Noble Cyprus in Block 12 to BG Cyprus…

Songa to shed 200 staff

Feb 02, 2016

Songa Offshore is planning to cut up to 200 staff and shut its offices in Aberdeen and South Korea, the firm announced yesterday. The company said the US$30 million-saving move, which will see support functions centralized out of Norway…

Songa's latest Cat D delivered

Dec 16, 2015

Norway, Cyprus-based drilling contractor Songa Offshore has taken delivery of its third Cat D drilling rig from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea. The Songa Encourage follows delivery of the Songa Equinox and the Songa Endurance earlier this year…

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