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Nov 2024
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New forecast: Significant rise in oil prices looms

Both Brent and WTI prices for 2019 were revised upwards by $3 per barrel

Cyprus: Revenue from “Aphrodite” deposit could start flowing as early as 2022

The developments in the Cypriot EEZ are fast

Cypriot cabinet appoints committee to renegotiate gas agreement

Aphrodite lies in block 12 of Cyprus’s exclusive economic zone (EEZ) and it is Cyprus’s first gas finding, discovered in 2011

Cyprus one of top 5 countries globally in terms of total discovered resources

The discovery well encountered an extended gas column confirming the extension of "Zohr-like" play in the Cyprus EEZ

Italy finally confirms its commitment to the TAP gas pipeline

The TAP will transport natural gas from Azerbaijan's Shah Deniz II deposit to Europe

Exxon, Total win tender to explore for oil & gas off Greece’s Crete

The licenses must be ratified by parliament before exploration work can begin

Greece & Bulgaria sign joint declaration regarding the IGB pipeline construction

The IGB constructions work will start before the end of 2018

Something is going on in the Eastern Mediterranean: Israel puts forward new round of concessions

New developments in Eastern Mediterranean?

“Hot” fall in Eastern Mediterranean: Total & ENI agree on joint Cypriot EEZ surveys

The French-Italian co-operation seems to be expanding further and will include plot 3, that was the cause of the Turkish provocation in February

French energy giant Total to expand natural gas search in Cyprus’ EEZ

Cyprus Energy Minister Yiorgos Lakkotrypis told AP that Total’s move is “very significant”

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