Cyprus News

Cyprus Declines Chevron's Gas Field Development Proposal

Aug 25, 2023

Cyprus rejected Chevron Corp's plan to develop the island nation's offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou.Papanastasiou told Bloomberg that the concerned parties…

Nexans to Install Section of World's Longest and Deepest Interconnector

Jul 19, 2023

Subsea power cable maker Nexans has been awarded a major contract valued at €1.43 billion for the section of the EuroAsia Interconnector that connects Greece and Cyprus.'As a critical part of a broader project to connect the grids of Greece…

EastMed Pipeline Project Still Viable, Edison CEO Says

Jul 07, 2023

A project to build a 2,000 km pipeline to bring natural gas from East Mediterranean fields to Europe is still alive, the CEO of Italian energy group Edison said on Friday.Edison CEO Nicola Monti said that the group, which is one of the promoters of the pipeline…

Cyprus Seeks Mediterranean Gas Link to Israel

Jun 20, 2023

Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters.Proposals by the new centrist Cypriot government, which came to power in March…

Nexans to Build Third Cable Laying Vessel

Jul 25, 2023

France-based Nexans has announced an expansion in its presence in the offshore wind and interconnection market, by adding a third cable laying vessel to its fleet.This strategic decision will allow the Group to meet the increasing demand for electrification…

Transocean Barents Leaves Norway. Takes on New Challenge in Lebanon's Offshore Sector

Jul 24, 2023

Transocean Barents, Transocean's semi-submersible drilling rig, which is used to operating in harsher environments such as those in Norway, the UK, and Canada, is now moving to the Mediterranean Sea.Namely, TotalEnergies has informed that the…

Report: BP, Azerbaijan's Socar Make Maiden Bid for Israeli Offshore Gas

Jul 17, 2023

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…

Cyprus and Israel Discussing Offshore Gas Pipeline Link

May 16, 2023

Cyprus and Israel are in talks over the construction of a pipeline linking their offshore gas fields, Cyprus's energy minister said on Monday.But George Papanastasiou appeared to play down prospects for an 'EastMed' pipeline taking eastern Mediterranean gas to continental Europe…

Cyprus Wants Shipping Corridor to Export Mediterranean Gas to Europe

May 29, 2023

Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday. Cyprus's new centrist government, which came to power in February, has cooled…

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…

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