TEKMOR Monitor

Oil & Gas Developments in the Eastern Mediterranean

Tuesday, April 1, 2025

Chevron to begin hydrocarbon drilling in 2026 - KATHIMERINI

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01.04.2025 • 23:36 US energy giant Chevron is set to launch its first exploratory drilling for hydrocarbons south of Crete in 2026, Environm...
Sunday, March 2, 2025

Egypt Moves Forward with Greece Electricity Interconnection Project, Eyes €1 Billion in Funding - SEE (SADA ELBALAD ENGLISH)

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Sun 02 Mar 2025 | 09:32 AM Ahmed Emam Egypt is set to begin implementing its electricity interconnection project with Greece before the end ...
Monday, February 17, 2025

TotalEnergies and ENI sign an agreement with Cyprus and Egypt for the export of Cyprus Block 6 gas through Egypt - TOTALENERGIES

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02/17/2025 Paris/Cairo, February 17, 2025 – In the presence of President of Egypt Abdel Fattah El-Sisi and President of Cyprus Níkos Christo...
Friday, January 24, 2025

ExxonMobil launches 'promising' exploration well off Cyprus, President says - REUTERS

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NICOSIA, Jan 24 (Reuters) - ExxonMobil (XOM.N) and Qatar Energy on Friday began exploratory drilling for natural gas in a prospect west of C...

Egypt and Eni-Total consortium to sign deal on processing Cypriot natural gas for export - ASSOCIATED PRESS

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January 24, 2025 MENELAOS HADJICOSTIS NICOSIA, Cyprus (AP) — Egypt and a consortium made up of energy companies Total of France and Italy’s ...
Thursday, January 23, 2025

Energean seals $2 billion natural gas sale deal to supply Israel’s Dalia power plants - THE TIMES OF ISRAEL

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23/1/2025 Sharon Wrobel British-Greek oil and gas company Energean said Thursday it inked an agreement to supply natural gas to Israeli priv...
Sunday, January 19, 2025

Cyprus issues Navtex for drilling in block 5 of EEZ - CYPRUS MAIL

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Sunday 19 January | 17:18 Cyprus issued a Navtex on Sunday in relation to the start of drilling at the ‘Electra’ field, in bloc 5 of the Cyp...
Saturday, January 11, 2025

"Electra" and "Pegasus" Shape Cyprus’s Energy Future - FAST FORWARD

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08 Jan 2025 ExxonMobil has completed all necessary preparations to begin exploratory drilling at the "Electra" target within Block...
Friday, January 10, 2025

Romania on its way to become EU’s largest gas producer - EURACTIV

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Jan 10, 2025 07:23 Georgi Gotev The agreement between Austria's OMV and Germany's Uniper to supply gas from the latter's Black S...
Wednesday, January 8, 2025

Egypt, Cyprus, Greece leaders agree to develop joint energy projects at Cairo trilateral summit - EGYPT TODAY

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Wed, 08 Jan 2025 - 02:41 GMT CAIRO – 8 January 2025: Leaders of Egypt, Cyprus and Greece have agreed on the necessity to develop joint energ...
Sunday, December 22, 2024

Cyprus needs energy transformation in 2025 - CYPRUS MAIL

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Sunday 22 December | 16:41 Dr Charles Ellinas Energy was constantly in the news in 2024, but serious progress was limited. By far the bigges...
Friday, November 15, 2024

‘Energy giants from Gulf states’ interested in Cypriot natural gas - CYPRUS MAIL

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15 November 2024 Tom Cleaver “Energy giants from Gulf states” are interested in possibly drilling for natural gas in Cyprus’ Exclusive Econo...
Tuesday, October 8, 2024

Regional conflict prompts Chevron to halt Leviathan pipelay - OFFSHORE

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Oct. 8, 2024 The Leviathan reservoir was discovered in December 2010 by NewMed Energy (with a working interest of 45.3%), Chevron (which was...
Tuesday, September 17, 2024

Cyprus approves electricity cable to link its power grid with Greece’s - AP

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Updated 9:10 PM GMT+3, September 17, 2024 By MENELAOS HADJICOSTIS NICOSIA, Cyprus (AP) — Cyprus has given the green light for construction o...
Thursday, June 27, 2024

Carlyle Group Plans Significant Investments in Egypt’s Oil and Gas - OILPRICE.com

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Jun 27, 2024, 5:00 AM CDT Tsvetana Paraskova Investment firm Carlyle Group plans to make significant investments in Egypt’s oil and gas indu...
Wednesday, June 26, 2024

Tech giants eye project in Cyprus - KATHIMERINI

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26.06.2024 Major companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus...
Friday, May 31, 2024

Why Greece Is Betting Big on American Gas - THE NEW YORK TIMES

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May 31, 2024 Max Bearak When a withering financial crisis forced Greece to rethink its economy a decade ago, it bet big on green power​. Sin...
Tuesday, April 30, 2024

ENI discusses exploitation scenarios and priority solutions - KATHIMERINI

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30 APRIL 2024 - 19:38 ENI's discoveries in Cyprus' Exclusive Economic Zone (EEZ) and the scenarios for the exploitation of the confi...
Thursday, March 28, 2024

Israel-Greece-Cyprus energy deal ‘top priority’ this year - JNS

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March 28, 2024 / JNS Etgar Lefkovits  The three allies plan to link their electrical grids and cooperate on natural gas. Finalizing a major ...
Sunday, February 18, 2024

Chevron partners greenlight $24m investment to boost gas production at offshore site - THE TIMES OF ISRAEL

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18 February 2024, 6:13 pm Sharon Wrobel   US energy giant Chevron and its partners in the Tamar reservoir off the country’s Mediterranean co...
Thursday, February 15, 2024

Eni confirms the extension and excellent well deliverability of Cronos gas discovery offshore Cyprus - Eni

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15 February 2024 - 10:30 AM CET San Donato Milanese (Milan), 15 February 2024 – Eni announces the successful completion of the Cronos-2 well...
Monday, January 29, 2024

Egypt Gas’ net profits plunge 46% in 2023 - ZAWYA

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January 29, 2024 Cairo – Egypt Gas logged net profits after tax amounting to EGP 162.11 million in 2023, an annual drop of 46% from EGP 301...
Friday, January 19, 2024

More natgas found as gas flares at Cronos-2 - FINANCIAL MIRROR

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19 January 2024 Italian ENI’s exploration in the “Cronos-2” target within Block 6 of Cyprus’ exclusive economic zone (EEZ) appears to have y...
Tuesday, December 26, 2023

Libya's Natural Gas Production Drops by 8%: Audit Bureau Report - CHEMANALYST

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26-Dec-2023 2:17 PM Patricia Jose Perez Libya, a country prominently known for its abundant natural gas reserves, has unfortunately experien...
Wednesday, December 20, 2023

Energean CEO: Israel is sole energy independent Mediterranean country - GLOBES

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20 Dec, 2023 11:17 Netanel Ariel At the Israel Business Conference, Mathios Rigas praised Israel's energy policy, and said there was no ...
Sunday, December 17, 2023

Greece’s first FSRU arrives in Alexandroupolis - LNG PRIME

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December 17, 2023 Greece’s first floating storage and regasification unit (FSRU) has arrived in Alexandroupolis, where it will soon start se...
Friday, December 1, 2023

Cyprus and Chevron reach a deal to develop an offshore natural gas field, ending years of delays - ABC NEWS / ASSOCIATED PRESS

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December 1, 2023, 2:09 PM Menelaos Hadjicostis NICOSIA, Cyprus -- The Cyprus government and U.S. energy company Chevron have reached a deal ...
Tuesday, November 28, 2023

EU keeps EastMed gas pipeline on new list of priority projects - REUTERS

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November 28, 2023 Francesca Landini MILAN, Nov 28 (Reuters) - The European Commission has maintained a proposed pipeline connecting the gas ...
Monday, November 20, 2023

Final Decisions for ‘Aphrodite’ gas field to be made today - IN-CYPRUS

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20 November 2023 The final decisions regarding the development of the ”Aphrodite’ gas field are expected to be made today, as the government...
Monday, November 6, 2023

Two-week lifeline as ''Aphrodite'' negotiations extend amid deadlock - KNEWS

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06 NOVEMBER 2023 - 08:29 With the deadline for Chevron's proposal on the "Aphrodite" reservoir set to expire on Sunday, Novem...
Friday, September 29, 2023

Cyprus, Chevron-led group extend talks over gas plan, minister says - REUTERS

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September 29, 20238:56 PM GMT+3Updated 2 days ago NICOSIA, Sept 29 (Reuters) - Cyprus and international energy companies led by Chevron (CVX...
Monday, September 4, 2023

Israel, Cyprus and Greece mull energy pacts - and yoghurt - REUTERS

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September 4, 202310:37 PM GMT+8 Michele Kambas NICOSIA, Sept 4 (Reuters) - The leaders of Israel, Greece and Cyprus on Monday pledged to dee...
Saturday, September 2, 2023

US backs Chevron in dispute with Cyprus over giant gas field - REUTERS

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September 2, 20234:42 AM GMT+8 By Ron Bousso, Timothy Gardner and Michele Kambas LONDON, Sept 1 (Reuters) - Washington has weighed into a di...
Wednesday, August 30, 2023

Egypt: Gas discovery spurs drilling in the Mediterranean, Nile Delta - ESI AFRICA

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August 30, 2023 Yunus Kemp Egypt plans to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion i...
Monday, August 28, 2023

Cyprus rejects development plan for Chevron-led gas field - OFFSHORE TECHNOLOGY

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August 28, 2023 Cyprus has rejected development plan submitted by a Chevron-led consortium for the Aphrodite gas field located in Block 12...
Monday, August 21, 2023

U.S. Oil Firm Apache Plans To Invest $1.4 Billion In Egypt - OILPRICE.COM

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Aug 21, 2023, 8:30 AM CDT Charles Kennedy Apache Corporation plans to invest next year $1.4 billion in Egypt’s energy industry, where the U....
Wednesday, August 16, 2023

After deal with Israel, offshore rig arrives in Lebanese waters to drill for gas - THE TIMES OF ISRAEL

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16 August 2023, 2:35 pm 5 By AP and TOI STAFF An offshore drilling rig has arrived at its location in the Mediterranean Sea off Lebanon’s co...
Monday, August 14, 2023

bp lets contract for work offshore Egypt - OIL & GAS JOURNAL

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Aug. 14, 2023 Alex Procyk bp has let a contract to drilling waste management specialist TWMA for large-scale oil and gas projects in Egypt. ...
Saturday, August 12, 2023

LNG terminal construction delayed until July 2024 - FINANCIAL MIRROR

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12 AUGUST 2023 Kyriacos Kiliaris The construction of the liquified natural gas terminal at Vasiliko, Limassol, has been pushed back until th...
Sunday, August 6, 2023

Aphrodite getting closer - CYPRUS MAIL

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August 6, 20233 Dr Charles Ellinas Even though the final results of the successful appraisal drilling of the Aphrodite gasfield earlier this...
Wednesday, August 2, 2023

Israel energy minister backs more natural gas exports - CYPRUS MAIL

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August 2, 2023 Israel’s energy minister said on Wednesday that more of the country’s natural gas reserves should be earmarked for export, am...
Tuesday, July 25, 2023

Egypt expects Zohr field’s investments to hit $15bln in 3 years - ZAWYA

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July 25, 2023 Zohr, the largest natural gas field in the Mediterranean, is anticipated to attract investments totaling $15 billion over the ...
Monday, July 17, 2023

Aphrodite appraisal drill looks good - FINANCIAL MIRROR

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17 JULY 2023 The drilling of an appraisal well at the offshore Aphrodite natural gas field was successfully completed with positive signs of...

Electricity cable needs power surge - FINANCIAL MIRROR

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16 JULY 2023 With Nicosia hosting the trilateral meeting of heads of state on July 26, Cyprus, Greece, and Israel leaders will meet for the ...
Thursday, July 13, 2023

Greek gas grid eyes 1-billion euro hydrogen pipeline - REUTERS

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July 13, 20236:37 PM GMT+3 ATHENS, July 13 (Reuters) - Greek gas grid operator DESFA wants to build a 1 billion euro ($1.12 billion) hydroge...
Friday, July 7, 2023

EastMed pipeline project still viable, Edison CEO says - REUTERS

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July 7, 20232:13 PM GMT+3 ROME, July 7 (Reuters) - A project to build a 2,000 km pipeline to bring natural gas from East Mediterranean field...
Sunday, July 2, 2023

Leviathan partners in Israel to invest $568 mln in third gas pipeline - REUTERS

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Sun, July 2, 2023 at 9:52 AM GMT+3 JERUSALEM, July 2 (Reuters) - Partners in the Israeli offshore gas project Leviathan said on Sunday they ...
Tuesday, June 20, 2023

Cyprus changes tack with plan for Mediterranean gas link to Israel - REUTERS

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June 21, 20235:22 AM GMT+3 Michele Kambas Cyprus wants shorter gas pipeline to Israel Part of broader project to get EastMed gas to Europe f...
Monday, June 12, 2023

Aphrodite gasfield has certainly resurfaced - CYPRUS MAIL

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George Papanastasiou, Cyprus' Energy Minister June 12, 2023 Dr Charles Ellinas Despite challenges, the latest plans for the development ...
Thursday, June 1, 2023

Israel officially recognizes Energean’s Katlan reservoir as natural gas discovery - THE TIMES OF ISRAEL

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1 June 2023, 3:24 pm Sharon Wrobel Israel’s Energy Ministry officially classified an offshore natural gas reserve explored by British-Greek ...
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