Saipem teams up with Hyperion in East Med focus
Saipem has established a joint company with Hyperion Systems Engineering, with a focus on the Eastern Mediterranean.
Cyprus
Geopolitics threaten to derail East Med local development plans
Despite discussion around East Mediterranean’s gas having a global impact, it is locally that will be the most important, speakers at a recent event said.
Cyprus, Mexico to lead drilling in 2021
IHS Markit expects companies to drill 38 high impact wells this year.
Turkey calls for Mediterranean gas exploration talks as EU considers sanctions
President Recep Tayyip Erdogan has called for negotiations over gas exploration rights for Turkey in the eastern Mediterranean as EU leaders consider sanctions.
Stena lines up decommissioning work off Israel
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
Turkey maintains Med stance with seismic move
Turkey’s Oruç Reis seismic ship has returned to port to resupply, the country’s energy ministry has said.
Greece and Turkey willing to enter talks on sea dispute
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signalled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore gas deposits.
Turkey confronts EU with new energy survey off Cyprus
Turkey has dispatched a drilling ship to an area off the southwestern coast of Cyprus, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean.
East Med allure launched Chevron’s move on Noble
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Ithaca’s Delek under pressure to refinance loans
Delek Group’s reliance on restructuring its debt and selling its assets in order to cover its liabilities has led it to note some concerns that it would able to continue as a going concern in its annual report.
Cyprus criticises ‘pirate state’ Turkey over new gas drilling bid
Cyprus has denounced Turkey as a "pirate state" that flouts international law over its bid to drill for natural gas in the eastern Mediterranean.
ExxonMobil labelled ‘explorer of the year’ as global discoveries reach four-year high
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Russia, Turkey call for Libya ceasefire
Russia and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
Turkey to play spoiler in EastMed plans
The proposed East Mediterranean gas pipeline will be “impossible” without consent from Turkey, according to Northern Cyprus’ Prime Minister Ersin Tatar.
Cyprus signs off on Aphrodite exploitation plan
Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
Turkey scoffs at EU sanctions and vows to keep drilling off Cyprus
Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean in a growing dispute with EU member Cyprus.
Turkish trouble for Cyprus as gas exploration expands
The search for natural gas off Cyprus is accelerating, with several companies due to drill new wells to confirm recent discoveries, test prospects and develop known resources.
Exploration, oil price and maintenance dent earnings for ExxonMobil
Exploration costs, lower oil and gas prices and heavy maintenance dented ExxonMobil’s earnings for the start of the year.
ExxonMobil makes ‘world-leading’ discovery offshore Cyprus
US major ExxonMobil has made a huge gas find off the coast of Cyprus, which is being touted as one of “the biggest discoveries of the year”.
France’s Total seeks to expand Cypriot gas plan as it eyes Iran exit
French energy company Total said it is looking to expand its search for natural gas off Cyprus' south coast and seeks to secure another exploratory drilling licence, days after warning it could exit Iran over renewed US sanctions there.
Cyprus to Egypt pipeline could cost more than £700m
The Egyptian petroleum minister confirmed yesterday that the proposed pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities could cost more than £700 million.
Total, Eni to drill new exploration well off Cyprus, report says
Total and Eni plan to drill an exploration well off Cyprus in the coming months, a news report said.
Shell mulls stocking Egyptian plant with gas from Israel, Cyprus
Shell is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub.
Standard Drilling appoints new CFO
Cyprus based Standard Drilling has named its new chief financial officer, with effect from 1 July 2017.