Cyprus Archives - Oil & Gas 360

Eni, TotalEnergies reach FID on Cyprus’ Cronos gas development

July 28, 2026

(World Oil) — Eni and TotalEnergies have reached a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, advancing the country’s first natural gas project and establishing a new LNG export route from the Eastern Mediterranean to European markets. Eni, which operates Block 6 with a 50% interest alongside TotalEnergies (50%), said the deepwater Cronos field contains more than 3 Tcf of

Italian oil and gas major Eni eyes over $4 billion in upstream asset sale plan

July 1, 2024

World Oil (Bloomberg) – Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3 billion) from disposals in its global upstream business, people familiar with the matter said. The sales would be part of a broader strategy of disposing of €8 billion in assets over the next three years. Units that could be candidates for the

Qatar energy and ExxonMobil sign Cyprus energy exploration deal

December 10, 2021

Reuters US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration and production-sharing off the divided island of Cyprus despite Turkey’s opposition to the deal. Pilides, Varnavas Theodosiou, CEO of ExxonMobil Cyprus, and Ali al-Mana, director of Qatar Energy’s International Upstream and Exploration, signed the contract in Nicosia. It is the second gas exploration contract

Turkey threatens to block Exxon Mobil venture drilling offshore Cyprus

December 3, 2021

World Oil (Bloomberg) –Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of Exxon Mobil and Qatar Petroleum. A part of the license area in question violates Turkey’s continental shelf in the eastern

Exxon Mobil labeled ‘explorer of the year’ as global discoveries reach 4-year high

January 10, 2020

Houston Chronicle 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. Energy companies discovered about 12.2 billion barrels of oil equivalent in 2019 — the highest since nearly 20 billion barrels in 2015 — from more than

Leaders from Israel, Cyprus, Greece sign EastMed gas pipe deal

January 3, 2020

Houston Chronicle Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline. The 1,900-kilometer (1,181 miles) link will connect recently discovered, and to-be-found, gas fields in the eastern Mediterranean basin with European markets through Cyprus, Greece and

Cyprus Expects First Natgas Output from Aphrodite Field By 2025

May 6, 2019

From Reuters Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Cyprus’ Minister of Energy Yiorgos Lakkotrypis said on Friday, after negotiations with operators and an ownership squabble delayed output. Cyprus’ Aphrodite was first discovered in 2011, but production has been delayed since as stakeholders Noble Energy, Israel’s Delek Drilling and Royal Dutch

New Cyprus Project Could Produce 8 Billion Cubic Meters per Year

June 8, 2015

Noble Energy and Delek Group announce the commercial viability of their Cyprus project Israel’s Delek Group (ticker: DLEKG) and Texas based Noble Energy (ticker: NBL) announced the commercial viability of their natural gas project offshore Cyprus, according to a release from Delek. The joint venture’s plan calls for 8 billion cubic meters (Bcm) of natural gas production per year and

Premium Content