Cyprus
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The results of well testing at Zeus-1 are being combined with results of testing at two other discoveries to create a plan for the fast-track development of the offshore block. -
Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
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The Cronos-1 well gets underway after 2-plus years of pandemic-related delays. -
The Glaucus-2 well confirms the existence of a multi-TCF gas field.
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QatarEnergy is farming into ExxonMobil’s North Marakia deepwater exploration project offshore Egypt as it further grows its position in the East Med and a share of possible future gas sales to Europe.
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East Med gas production, leveraged by Egypt’s position at the mouth of the Suez Canal, is redefining geopolitical relations as North Africa, Europe, and the Middle East strive to create a new distribution hub for energy, legacy, and renewables.
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Egypt and Greece have clinched a deal to build the EU-backed EuroAfrica Interconnector subsea cable via Cyprus to bring renewable energy from North Africa to Europe and move Cairo closer to its goals of becoming an energy transmission hub for the East Med.
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Infinity Oilfield Services and Medserv have formed a new joint venture named InMedCo to provide a portfolio of specialized technical services to the oil and gas market.
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Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.
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The discovery is world’s third-largest natural gas discovery in the past 2 years.
