ExxonMobil announced on Thursday that it has made the world’s third biggest natural gas discovery in two years off the coast of Cyprus in the Eastern Mediterranean. Based on preliminary interpretation of…
‘Seismic market on the rise’: Polarcus
Dubai-based contractor eyes increased awards and pricing after boosting backlog despite Q4 loss Polarcus is bullish about seismic market prospects this year, despite recent oil price volatility, as it sees higher tendering…
As energy world focuses on Permian, Gulf makes its own comeback
The attention of the energy industry has focused in recent years on the Permian Basin, the once tired West Texas oil field that roared back to life when hydraulic fracturing and horizontal…
Aramco eyes LNG deals in next gas strategy
LONDON (Bloomberg) — Saudi Aramco aims to become one of the world’s largest players in natural gas and the company is eyeing projects in Russia, Australia, America and Africa to kick-start a global…
Why Europe Won’t Go for American Natural Gas
Washington can promise Europe all it wants, but U.S. domestic politics could change what actually happens. by Nikolas K. Gvosdev The U.S. national security community can often overlook how U.S. domestic policy can…
Novatek to bump 2030 LNG production target to 70 mtpa
Russia’s largest independent natural gas producer and LNG operator, Novatek is looking to revise its liquefied natural gas production plans, reaching 70 million tons per year by 2030. In a meeting with…
East Med Gas: The Impact of Global Gas Markets and Prices
Ever since the discovery of the giant gas-fields Tamar, Leviathan and Zohr in the Eastern Mediterranean, the area has attracted growing international attention, with Egypt at the centre of it. A lot…
Egypt raises LNG exports from Idku to 800 mln cbf/d
CAIRO, Feb 27 (Reuters) – Egypt is currently exporting 800 million cubic feet of liquefied natural gas (LNG) per day from its Idku export plant, ‘s the petroleum minister has told financial…
Israel’s East Mediterranean Pipeline Dreams Fading as Egypt, Cyprus Go It Alone
While Israeli leaders have turned their attention to campaigning for the April 9 election, Cyprus and Egypt have been working behind the country’s back to advance plans for an undersea gas pipeline. Cyprus…
Anastasiades, Akinci agree on confidence-building measures
‘Regarding confidence-building measures, the leaders committed to intensifying the work of the Technical Committees with the objective of improving the daily lives of all Cypriots.’ The President of Cyprus, Nikos Anastasiades, and…