Cyprus

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.

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.

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.

The discovery is world’s third-largest natural gas discovery in the past 2 years.