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.
Cyprus
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.
Cyprus rivals to hold new peace talks
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, Qatar Petroleum team up for Cyprus venture
ExxonMobil and Qatar Petroleum have signed a contract with Cyprus to explore a block in the Mediterranean Sea.
Cypriots buy into Israeli offshore gas fields
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.
Eni, Statoil show interest in Cyprus offshore blocks
Cyprus said it has received expressions of interest from Eni, Total, Statoil, ExxonMobil and Qatar Petroleum in a licensing round for offshore hydrocarbon blocks.
Suicide belt selfie oil worker touted for Celebrity Big Brother
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.
Egypt Air hijacking suspect remanded
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 Kogas win exploration extension in Cyprus economic zone
Eni and its partner Kogas have had a proposal for a two-year extension for exploration of hydrocarbons in Cyprus’ economic zone approved.
OPITO invests in Cyprus oil and gas office
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.