(IN BRIEF) Shell has agreed to sell its wholly owned subsidiary BG Cyprus Limited to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments. BG Cyprus holds a 35% non-operated interest in Cyprus Offshore … Read the full press release
Posted in Business, Cyprus, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, International Trade, Investment, United Kingdom
Tagged $720 million transaction, 170 kilometres southeast offshore Cyprus, 30 percent NewMed Energy interest, 35 percent non-operated interest, Aphrodite gas field, BG Cyprus Limited, BG Cyprus Ltd, BG Cyprus Sale Reflects Shell’s Portfolio Focus on Integrated LNG Value Chain, BG Group, capital allocation, Cederic Cremers, Chevron Cyprus, closing conditions, Cyprus exclusive economic zone, Cyprus Offshore Block 12, early 2027 completion, eastern Mediterranean, Egas, Egyptian Natural Gas Holding Company, FID, final investment decision, floating production unit, FPU, Government of Cyprus, Integrated Gas, LNG value chain, MOL Group, natural gas, NewMed Energy, offshore gas, portfolio choices, regional energy needs, regulatory approval, Shell, Shell acquisition of BG Group, Shell Reaches Agreement With MOL Group on Cyprus Offshore Block 12 Interest, Shell to Transfer Aphrodite Gas Field Interest to MOL Group Subject to Approvals
(IN BRIEF) TotalEnergies and Eni have taken the Final Investment Decision to develop the Cronos gas field in Cyprus offshore Block 6. The project marks Cyprus’ first gas development. Cronos will be developed through four subsea wells located around 185 … Read the full press release
Posted in Business, Cyprus, Energy, Gas & Oil, Environment, European Union, France, Industrial, Infrastructure & Utilities, International Trade, Investment, Italy, Technology
Tagged 1.4 Mtpa LNG marketed by TotalEnergies, 2.8 Mtpa LNG, 2028 production start-up, 500 Mcf/d plateau production, Block 11, Block 7, Block 8, Cronos Development to Link Cyprus Offshore Gas With European LNG Markets, Cronos gas field, Cyprus gas development, Cyprus offshore Block 6, Cyprus’ Cronos Gas Field Set for 2028 Start-Up After Final Investment Decision, Damietta LNG terminal, deep offshore waters, eastern Mediterranean, Egypt gas infrastructure, energy security, Eni, Europe, European LNG supply, FID, final investment decision, gas hub, Host Government Agreement, liquefied natural gas, LNG, LNG markets, low-cost project, low-emission project, methane emissions, natural gas, offshore gas, Patrick Pouyanné, Regasification Capacity, subsea pipeline, subsea wells, TotalEnergies, TotalEnergies to Market 1.4 Mtpa of LNG From Cronos Gas Field, Zohr field
(IN BRIEF) Saudi Arabia’s Vision 2030 modernization agenda is increasingly being challenged by the kingdom’s renewed reliance on hard-security partnerships, military deterrence and sectarian regional alignments. While Riyadh continues to present itself as a post-oil hub for technology, AI, tourism … Read the full press release
Posted in Economy, European Union, Government, International Trade, Politics
Tagged Abraham Accords, Afghan jihad, AI, anti-Iran deterrence, Belt and Road Initiative, CHINA, China–Pakistan Economic Corridor, Chinese defense systems, Critical Infrastructure, eastern Mediterranean, energy security, Europe, Gaza war, geopolitical risk, Gulf monarchies, Gulf security, Gwadar Port, Hamas attacks, hard security, HQ-9, Iran, ISI, ISIS-K, Israel, JF-17, Middle East geopolitics, Middle East security architecture, migration flows, militarized alliances, Pakistan, Pakistani military deployment, post-oil transformation, regional instability, regional realignment, religious conservatism, Riyadh, Saudi Arabia, Saudi Arabia China relations, Saudi Arabia Pakistan relations, Saudi Arabia Turkey relations, Saudi modernization, sectarian polarization, Smart Cities, Strait of Hormuz, Strategic Mutual Defence Agreement, Sunni bloc, transactional alliances, TTP, Turkey, Vision 2030
(IN BRIEF) TotalEnergies and the Egyptian Natural Gas Holding Company (EGAS) have signed a Memorandum of Understanding to cooperate on offshore exploration activities in northwestern Egypt. The agreement establishes a framework for technical collaboration focused on preliminary exploration and subsurface … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Investment
Tagged deepwater exploration, eastern Mediterranean, Egas, EGYPT, Egypt and TotalEnergies Launch Technical Collaboration for Northwestern Offshore Gas Exploration, Egyptian Natural Gas Holding Company, energy infrastructure, energy partnership, energy sector, energy transition, exploration agreement, gas exploration, integrated energy company, LNG, low-carbon energy, Mediterranean energy market, natural gas, Nicola Mavilla, offshore exploration, offshore gas, offshore resources, oil and gas, Paris, renewable energy, subsurface evaluation, TotalEnergies, TotalEnergies and EGAS Expand Energy Partnership Through New Offshore Exploration Agreement in Egypt, TotalEnergies and EGAS launch offshore exploration cooperation in northwestern Egypt
(IN BRIEF) bp has made a significant gas and condensate discovery offshore Egypt with the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean. The discovery benefits from its close proximity to existing infrastructure, enabling potential … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, United Kingdom
Tagged BP, bp Advances Growth Strategy with Strategic Gas Discovery in Temsah Concession, bp Expands Energy Exploration Success with New Offshore Discovery Supporting Egypt’s Gas Supply, condensate, Denise W 1, drilling campaign, eastern Mediterranean, Egas, EGPC, Egypt offshore gas, energy exploration, Eni, gas discovery, Petrobel, Red Sea Block 6, Temsah Concession
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has named Gretchen Biery as Director for its eastern Mediterranean region, overseeing operations in Jordan, Lebanon, and the West Bank and Gaza. Effective from September 1, 2023, she reports to … Read the full press release
20-5-2013 — /europawire.eu/ — The European Bank for Reconstruction and Development and Borsa Istanbul are joining forces to develop regional capital markets. To this end EBRD First Vice President Philip Bennett and Borsa Istanbul’s Chairman and CEO Ibrahim Turhan signed a … Read the full press release
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