Chevron-led consortium, in charge of the development of Aphrodite field offshore Cyprus, has signed a non-binding memorandum of understanding (MoU) with the Egyptian national gas company EGAS for the export of gas from the field to Egypt.The MoU was signed by Chevron-led consortium…
The Cypriot government has approved the updated plan for the Aphrodite gas field, filed by Chevron-led consortium, which will see the construction of a floating production unit (FPU) and a pipeline for exporting gas to Egypt.Following Cypriot government’s approval of the plan…
[1] Flat Outlook for Global Spend … but … Aadvantaged Projects Attract CapitalWith concerns of a softening oil market, we expect global upstream investment to remain flat or even fall – indeed, the reported 2025 budgets to date show a 3-4% drop…
The partners in the offshore Aphrodite natural gas field have submitted a plan to the Cypriot government to develop the project at a cost of about $4 billion, Israel's NewMed Energy said on Sunday.NewMed said that together with partners Chevron…
A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.There have been…
Esgian has no rig contracts to announced but provides an update on rig moves and drilling operations in the US Gulf of Mexico, Canada, Morocco and Norway in its Week 38 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesExxonMobil…
Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India…
Cyprus said on Thursday it wanted to see improvements to Chevron-led plans to extract gas from an offshore field, giving the consortium led by the U.S. major six months to meet its requirements.There have been protracted talks on the future…
Cyprus has responded to a request from international energy companies led by Chevron for an extension in talks over a modified development plan for its Aphrodite offshore gas field, its energy minister said on Monday.Talks to bridge a rift over pared-back plans for the 3…
Cyprus and international energy companies led by Chevron have agreed to extend talks on how to develop its Aphrodite offshore gas field amid progress in negotiations, its energy minister said on Friday.'It is not a new negotiating round, it's…
Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the U.S. company's plan to link it to neighboring Egypt, two industry sources and a U.S. source said on Friday…
Cyprus rejected Chevron Corp's plan to develop the island nation's offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou.Papanastasiou told Bloomberg that the concerned parties…
Chevron is seeking a [drillship] to explore for natural gas off Cyprus, Egypt, and Israel as the U.S. energy major looks to meet growing demand in the region and Europe, two sources told Reuters.Chevron, which operates in the three eastern Mediterranean countries…
U.S. oil major Chevron has been given more time to drill the A3 appraisal well in the Aphrodite gas field, 160 km south of Limassol, offshore Cyprus.NewMed Energy, partner in Chevron-operated Block 12 in the Mediterranean Sea, said Thursday…
Cyprus expects natural gas from its seas to become commercially available by 2027, its energy minister said on Friday, adding that Europe's energy crisis had put a renewed focus on how to expedite the development of reserves in the east Mediterranean…
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