Qatar Energy

ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

July 7, 2025

(Investing) – A consortium led by ExxonMobil (NYSE:XOM) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 kilometers in the Pegasus-1 well, Cypriot government spokesperson Konstantinos Letymbiotis said. “Further assessment will be required in the coming months to

QatarEnergy buys stake in Chevron-operated block offshore Egypt

November 11, 2024

(Oil Price) – QatarEnergy has signed an agreement to buy a 23% working interest in a concession agreement offshore Egypt from the block’s operator Chevron, the state firm of Qatar said on Monday. QatarEnergy will acquire 23% of the North El-Dabaa (H4) Block in the Mediterranean from Chevron, which will retain a 40% interest in the concession. The other partners on the block

ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

QatarEnergy buys stake in Chevron-operated block offshore Egypt

Premium Content