The government of Cyprus announced that it would push ahead with a third licensing round to search for potential natural gas deposits in its Exclusive Economic Zone (EEZ).
The European Union could import gas from newly discovered deposits in the Eastern Mediterranean in an attempt to diversify its supplies and bolster Europe's energy security, said EU Energy Commissioner, Maros Sefcovic.
The Cyprus government has approved a two-year extension for the licenses of Italy's ENI and its South Korean partner KOGAS to explore oil and gas reservoirs off the southern coast of the Mediterranean island.
The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt. The $30b deal is expected be signed before BG is purchased by Shell in late January.
Cyprus has renewed an agreement with French energy company, Total for oil and gas offshore explorations for additional 2 years despite disappointing first round of exploratory drilling in 2014.
The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward fo ...
“Reports of the death of the (gas) market in Egypt have been greatly exaggerated” says Noble Energy Vice President and Country Manager for Cyprus Gene Kornegay. The Noble Executive spoke at The Economist Cyprus Summi ...
Israel is inviting international oil companies to further explore its offshore waters for natural gas, Israel’s Minister of National Infrastructure, Energy and Water Resources Yuval Steinitz announced.