Turkey set to begin oil and gas drilling off Cyprus
February 21, 2019
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Turkey set to begin oil and gas drilling off Cyprus

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. “In the coming…

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Still no green light to restart Egypt LNG plant
February 20, 2019
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Still no green light to restart Egypt LNG plant

Union Fenosa Gas (UFG) said it had not received sufficient guarantees over a $2 billion payment in ongoing talks with Egypt to restart a liquefied natural gas (LNG)…

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70% Gas Probabilities Discovered in the Red Sea
February 19, 2019
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70% Gas Probabilities Discovered in the Red Sea

The results of geophysical data collection in the Red Sea, conducted by Schlumberger and Ganoub El Wadi Petroleum Company (Ganope), revealed gas discoveries probabilities exceeding 70% as per…

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Egypt to Export 550 mmscf/d of Gas via Damietta Plant in April
February 19, 2019
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Egypt to Export 550 mmscf/d of Gas via Damietta Plant in April

The Egyptian government agreed with its foreign partners in the Damietta Liquefaction plant to start exporting 550 million standard cubic feet per day (mmscf/d) of gas through the…

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Shell VP: Egypt to remain low-cost option for East Med LNG exports
February 18, 2019
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Shell VP: Egypt to remain low-cost option for East Med LNG exports

Egypt’s Idku and Damietta LNG export plants are likely to remain the low-cost option for East Mediterranean gas producers looking to export, and the process of starting up…

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Egypt says “NO” to East Med Pipeline
February 17, 2019
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Egypt says “NO” to East Med Pipeline

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, in an interview with the Cyprus News Agency, said he was opposed to the transportation of gas from…

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Energy minister quashes rumours of gas find in block 10
February 15, 2019
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Energy minister quashes rumours of gas find in block 10

Exploratory drilling for gas by ExxonMobil in offshore block 10 is ongoing, and announcements will be made once the operations have been concluded, the government said on Thursday.…

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EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded
February 13, 2019
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EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded

Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country…

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Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’
February 11, 2019
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Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’

The intergovernmental agreement signed between Egypt and Cyprus for Aphrodite gas field resulted to great interest from International oil companies, down-streamers and financial institutions, Egypt’s Minister of Petroleum…

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Has Exxon discovered ‘commercially viable’ oil in Cyprus’s Block 10?
February 10, 2019
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Has Exxon discovered ‘commercially viable’ oil in Cyprus’s Block 10?

A sufficiently large and commercially viable oil reservoir has been discovered in Cyprus’s second target in Block 10 named Glaucus-1, according to Kathimerini Cyprus sources with knowledge of…

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