Cyprus News

Chevron Seeking Drillship to Explore for Gas in Eastern Mediterranean

Apr 18, 2023

Chevron is seeking a [drillship] to explore for natural gas off Cyprus, Egypt, and Israel as the U.S. energy major looks to meet growing demand in the region and Europe, two sources told Reuters.Chevron, which operates in the three eastern Mediterranean countries…

QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks

Mar 29, 2023

Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Cyprus: Chevron to Deliver Aphrodite Field Development Concept by 2022 End

Jul 21, 2022

Cyprus' Ministry of Energy, Commerce, and Industry and Chevron on Thursday affirmed their 'mutually beneficial cooperation in viably and efficiently developing' the Aphrodite gas field, offshore Cyprus, with the plan to have a development concept ready by the end of the year…

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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