Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
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.
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 costs, lower oil and gas prices and heavy maintenance dented ExxonMobil’s earnings for the start of the year.
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”.
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.
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 and Eni plan to drill an exploration well off Cyprus in the coming months, a news report said.
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.
Cyprus based Standard Drilling has named its new chief financial officer, with effect from 1 July 2017.
The rival leaders of ethnically-divided Cyprus will hold new talks in Geneva this month, in a significant step forward that could see the final round of negotiations on a peace agreement to reunify the island.
ExxonMobil and Qatar Petroleum have signed a contract with Cyprus to explore a block in the Mediterranean Sea.
Israel’s monopoly watchdog has forced energy firm Delek Group and its partner, Noble Energy, to sell their interests in two gas fields in the Mediterranean amid competition concerns.
Cyprus said it has received expressions of interest from Eni, Total, Statoil, ExxonMobil and Qatar Petroleum in a licensing round for offshore hydrocarbon blocks.
The Aberdeen oil worker who achieved global notoriety after posing with a would-be hijacker on an Egyptian airliner could be set to appear on Celebrity Big Brother.
An Egyptian man has been remanded in custody for eight days by a Cypriot court after authorities said he admitted hijacking a domestic EgyptAir flight and diverting it to Cyprus by threatening to blow it up with a fake explosives belt.
Eni and its partner Kogas have had a proposal for a two-year extension for exploration of hydrocarbons in Cyprus’ economic zone approved.
Oil and gas skills body OPITO is set to become a strategic skills adviser in Cyprus with the opening of new offices in the region. Following discussions with senior Cypriot officials, OPITO has invested in a new office in the country. The Eastern Mediterranean is currently estimated to hold 122 trillion cubic feet of gas in the area. Group chief executive David Doig said: “The recent discovery of natural gas resources offshore Cyprus is a major opportunity to create jobs and opportunities for the island and its people.
Eni and Korea Gas Corp have failed to find exploitable hydrocarbons off Cyrpus. It is the second time the energy companies have been unsuccessful in what was being considered as a promising region. Cyprus's energy ministry said a consortium between the two had failed to find gas on their second round of drilling in the offshore block.
A drone has been used to capture a bird's eye view of a platform in the Mediterranean Sea. The remotely operated vehicle moves from land to air and across bright blue waters to capture the platform for the sky above.