"The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs.”
Gilmartin said the contract was a “real milestone” that “reflects our strategic approach to breaking into the field support ROV market”.
“It’s a matter of cost,” DNV’s Mediterranean manager Andrea Spessa said. “This pipeline is the best solution to transport energy from one country to another in this range.”
The East Mediterranean “has abundant energy resources, and their development is driving strategic collaboration in the region”.
With Qatar at the centre of a “sellers’ market” for LNG, what can the East Mediterranean offer European governments to ease the pressure?
Chevron has found gas off Egypt at its Nargis block, according to Welligence Energy Analytics.
The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
Europe has a history of energy policy failures that it is showing few signs of correcting, according to Israeli energy expert Gina Cohen.
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
For the first time in decades, we are witnessing an energy crisis the likes of which many of us will have never seen before. Startling levels of volatility across global energy markets are leading governments to implement measures that this time last year would have been unimaginable.
A Chevron team has visited Cyprus today to talk about developing the Aphrodite field, in the island’s exclusive economic zone (EEZ).
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.
IN-VR will host the virtual Mediterranean Gas & Energy Week on January 19-21.
President Recep Tayyip Erdogan has called for negotiations over gas exploration rights for Turkey in the eastern Mediterranean as EU leaders consider sanctions.
Energean has signed a pair of key gas sales contracts for its Karish development in the eastern Mediterranean.
European Union foreign-policy chief Josep Borrell said EU relations with Turkey are at a crossroads as the bloc presses Ankara to halt controversial energy exploration in the eastern Mediterranean.
The decision from Libya’s Government of National Accord (GNA) to sign a deal on a maritime border with Turkey has sparked condemnation from other east Mediterranean states.