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Time is not on our side: EUMed 9 leaders discuss climate crisis

ATHENS - Meeting at Greece's capital on September 17, the EUMed 9 summit leaders signed on September 17 the Athens Declaration on climate change...

EU offers Turkey deeper ties but threatens sanctions over East Med drilling

On March 25, EU leaders held a discussion via video conference on the situation in the Eastern Mediterranean and on the European Union’s relations...

Clean Air Task Force, ExxonMobil, Fortum Oslo Varme join EU Zero Emissions Platform

The Zero Emissions Platform (ZEP), which supports the European Union’s commitment to reach climate neutrality by 2050, defined as net-zero greenhouse gas (GHG) emissions...

Cyprus moves ahead with LNG terminal works eyeing EU market

Natural Gas Infrastructure Company of Cyprus (ETYFA) has issued the Notice to Proceed to the Consortium that was awarded the construction works of the...

Coronavirus to adversely affect the Caspian region oil market

NUR-SULTAN, Kazakhstan – Coronavirus pandemic and drop in oil prices adversely affected the oil industry in the Caspian region, a Russian expert on oil...

ExxonMobil make major discovery in Guyana field

US energy major ExxonMobil said on 27 January the company has increased its estimated recoverable resource base in Guyana to more than 8 billion...

ExxonMobil secures exploration acreage offshore Egypt

US major ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the...

Chevron pulls staff from northern Iraq over security concerns

Following the killing of Iranian Quds Force leader , US oil giant Chevron said on 6 January the company removed its expatriate staff operating...

At Cairo summit, Turkey slammed for drilling in Cyprus’ EEZ

At a trilateral summit between Egypt, Cyprus and Greece in Cairo on 8 October, the leaders of the three countries slammed Turkey's drilling in...

Cyprus, Noble Energy reach deal to expedite Aphrodite development

Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and...

EIB loan to finance power cable between Crete and mainland Greece

ATHENS - The Greek island of Crete took a step closer towards energy independence and cutting CO2 emissions on 9 May, following a deal...

Pompeo spearheads US efforts to bring East Med gas to EU

ATHENS – The United States is very supportive of plans to develop gas reserves in the East Mediterranean and export them to Europe, lessening...

Cyprus’ new Glaucus-1 gas field can boost EU energy security

DELPHI, Greece - A major offshore natural gas discovery in the Eastern Mediterranean near Cyprus at the Glaucus-1 well by US energy giant ExxonMobil...

Greece, Cyprus, Israel to discuss gas exports to Europe

A trilateral Greece-Cyprus-Israel summit will take place in Beersheba on December 20 where host Israel’s Prime Minister Benjamin Netanyahu, his Greek counterpart Alexis Tsipras,...

As Exxon prepares to drill off Cyprus, tensions flare with Turkey

LIMASSOL, Cyprus – The drillship of ExxonMobil is reportedly expected to arrive in the port of Limassol on November 5 as the US energy...

Greece, Egypt and the EU support Cyprus’ right to explore for hydrocarbons

Greek Prime Minister Alexis Tsipras, Cypriot President Nicos Anastasiades and Egyptian President met on the island of Crete on October 10, for talks aimed at...

Prompted by Egypt’s Zohr find, Total-Exxon will hunt hydrocarbons off Crete

ATHENS - A French-led consortium from Total and US energy giant ExxonMobil, each with 40% stakes, as well as Hellenic Petroleum, have submitted a...

Turkish pressure throws EU East Med energy projects into limbo

DELPHI, Greece – The Turkish diplomatic and military pressure in the Aegean Sea and Eastern Mediterranean in Cyprus’ Exclusive Economic Zone (EEZ) may affect...

Gas drilling, Navtex fuel Turkey-Cyprus tensions in East Med

ATHENS – The tensions between Greece and Turkey after an incident in the eastern Aegean appear to have been defused, but the standoff between...

Cyprus, Greece eye East Med gas discoveries for EU export

ATHENS – More offshore hydrocarbon discoveries from the East Mediterranean region similar to Egypt’s giant Zohr field could boost gas exports to Europe.“At the...

Snubbing Turkey, Italy’s ENI will drill off Cyprus

Italian energy major ENI’s bold announcement that it will start a drilling programme in November offshore Cyprus, which not only involves blocks 3 and...

Cyprus inks major deals with foreign energy giants

France’s Total, Italy’s ENI, US ExxonMobil and Qatar Petroleum signed agreements in Nicosia this week to explore and produce hydrocarbons offshore Cyprus. Total signed...

Exxon keeps Russian Arctic assets frozen with an eye on Tillerson

Only a week to go until Donald Trump officially becomes US President, pundits are still trying to predict the policies of his administration, including...

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