Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Marcellus pipeline woes threaten to change entire US gas market game
Permitting issues have radically curtailed the access to cheaply produced gas to which the industry has grown accustomed
Israel presses go on OBR4
Fourth offshore bid round includes 20 exploration blocks across nearly 5,900km²
EU bodies issue gas price cap warnings
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
Energean not holding breath on East Med FLNG
Potential beneficiary of LNG export solution at Leviathan is only cautiously welcoming
Capricorn resignations a blow to Newmed merger plans
The disputed deal is playing out in public, as Capricorn’s board and activist shareholder Palliser both issue statements and rebuttals
Greater Tortue Ahmeyim FPSO sets sail
The LNG project’s vessel is due to arrive in the second quarter
Aussie gas industry calls for intervention clarity
New guidelines fail to quell industry criticism, while the prevalence of long-term contracts and Australia’s geography limit the efficacy of the reforms
Alberta’s Sovereignty Act stokes controversy
Supporters say the act will deter Ottawa from introducing further legislation affecting oil and gas, while opponents say it creates uncertainty that will harm investment
IOCs to expand production at Brazil’s Lapa field
TotalEnergies and partners expect to produce 25,000bl/d from Lapa Southwest
Petronas presses ahead with Sabah LNG
The project is another sign of the industry’s growing adoption of floating liquefaction technology
East Med gas output is heading in the right direction
Cyprus Egypt Israel Gas FLNG Eni TotalEnergies Chevron
Peter Ramsay
Editor-in-chief
23 August 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Eni and TotalEnergies strike more gas in Cyprus

The European producers celebrate further success in Block 6 but the East Med export conundrum remains unsolved

Italy’s Eni is hailing a “significant” gas discovery from its Cronos well in Cyprus’ Block 6. Its preliminary estimates are c.2.5tn ft³ (70.75bn m³) of gas in place, but it anticipates “significant additional upside that will be investigated by a further exploration well in the area”. Block 6 is also the location of Eni’s 2018 3-5tn ft³ Calypso discovery, for which there is no development plan. And the same goes for ExxonMobil’s 5-8tn ft³ Glaucus find in Block 10 in 2019. Operator Chevron is promising to present a development concept for the 4.5tn ft³ Aphrodite field in Block 12—delivering its gas “to Egypt and to European markets”—to Cyprus’ energy ministry by year-end. It was discovered in

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Russian firms exit Europe’s shrinking refining sector
2 February 2023
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
Mideast upstream long-term outlooks diverge
2 February 2023
The region’s producers have their own specific goals and face drastically different challenges
Letter from Canada: LNG export industry in disarray
Opinion
1 February 2023
Canada at one stage looked set to be a major LNG exporter, but all except four liquefaction projects have fallen by the wayside
Bakken faces inventory concerns
1 February 2023
The North Dakota shale basin nears a looming acreage problem

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search