Saipem has established a joint company with Hyperion Systems Engineering, with a focus on the Eastern Mediterranean.
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.
IHS Markit expects companies to drill 38 high impact wells this year.
President Recep Tayyip Erdogan has called for negotiations over gas exploration rights for Turkey in the eastern Mediterranean as EU leaders consider sanctions.
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
Turkey’s Oruç Reis seismic ship has returned to port to resupply, the country’s energy ministry has said.
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 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.
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.
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 has denounced Turkey as a "pirate state" that flouts international law over its bid to drill for natural gas in the eastern Mediterranean.
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.
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 and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
The proposed East Mediterranean gas pipeline will be “impossible” without consent from Turkey, according to Northern Cyprus’ Prime Minister Ersin Tatar.
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.