Monday, October 14, 2019

Cyprus News

Eni Committed to Cyprus Exploration

(Photo: Eni)

Italian oil major Eni is committed to the exploration of Cyprus' Exclusive Economic Zone and its contractual engagements with the country, its chief executive said on Friday.Turkey said last week it had sent an oil-and-g

U.S. Slaps Sanctions on Firms Moving Venezuelan Oil to Cuba

© Marit / Adobe Stock

The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that…

China-led Consortium Bids for Cyprus LNG

Pic: Natural Gas Public Company (DEFA)

The Natural Gas Public Company of Cyprus (DEFA) announced that a Chinese-led consortium has been chosen as the preferred bidder for the construction of a EUR 250 million liquified…

Klaipedos Nafta Bids for Cyprus LNG

Pic: Klaipedos Nafta

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) is partnering with the market leaders in the tender procedure for the design, construction and operation…

Deepwater Leads in Discovered Oil and Gas

© alexpolo / Adobe Stock

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays…

EU Threatens Turkey with Sanctions over Cyprus Drilling

Turkey's Energy Minister Fatih Donmez speaks at a drilling launch event in late 2018. Donmez said the country would continue its offshore drilling exploration activities as part of Turkey's aim to be energy independent. (Photo: Turkey Ministry of Energy and Natural Resources)

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further…

EU: Turkey's Drilling off Cyprus Coast of "Grave Concern"

© keki / Adobe Stock

The European Union on Monday said Turkey's plan to drill for oil and gas off Cyprus was of grave concern and an unacceptable escalation of tensions surrounding the Mediterranean island."Turkey's declared intention to ill

Turkey to Drill Near Cyprus for Three Months

© olgavolodina / Adobe Stock

Turkey launched a second drilling ship on Thursday which will conduct natural gas operations off the northeast coast of Cyprus for three months, a move which risks aggravating a…

Greek PM May Seek Sanctions Against Turkey in Gas Row

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Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus…

Cyprus Issues Arrest Warrants for Turkey Drill Ship Crew

Cyprus has issued arrest warrants for the crew of a Turkish drill ship anchored close to its coast for allegedly infringing territory over which the island has rights to explore for oil and gas…

EuroAsia Still on PCI List

Image: EuroAsia Interconnector

The EuroAsia Interconnector, the Israel-Cyprus-Greece electricity link remains on the official list of European projects of common interest (PCI) making it eligible to receive some…

Infinity, Medserv Form Services JV

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services…

Lebanon Announces Offshore Blocks

© bilalulker / Adobe Stock

Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime…

Cyprus Offshore Gas Discovery: Conflict or Hope?

Map: Rystad Energy

Oil giant ExxonMobil, together with partner Qatar Petroleum (QP), made giant gas discovery to the east Mediterranean region after finding a gas-bearing reservoir offshore Cyprus…

ExxonMobil Finds Natural Gas Off Cyprus

© Alexander Lebedev / Adobe Stock

U.S.

Turkey Set to Begin Drilling off Cyprus

(Photo: Turkish Petroleum International Company)

Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday, a move that…

Total Plans Biggest Exploration Drive in Years

(Photo: Total)

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known…

Glengorm Discovery Highlights UKCS Potential

Topsides being installed in 2018 at the Culzean field (Photo: Total)

CNOOC announced Tuesday it has made a significant discovery on the Glengorm prospect, located in the Central North Sea of the U.K. continental shelf (UKCS), with recoverable resources…

Turkey to Begin Drilling Around Cyprus

(Photo: TPIC)

Turkey will begin drilling for resources around Cyprus, Foreign Minister Mevlut Cavusoglu said on Friday, a move that could create tensions with neighboring Cyprus and Greece over…

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG…