Posts tagged with "Aphrodite field"

Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’ Energy

Egypt-Cyprus deal on Aphrodite field ‘is attracting great investor interest’

February 11th, 20194641 The intergovernmental agreement signed between Egypt and Cyprus for Aphrodite gas field resulted to great interest from International oil companies, down-streamers and financial institutions, Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla said. In an interview with CNA, the Egyptian minister said that after the...
Government may renegotiate deal with Noble Energy, spokesman says Energy

Government may renegotiate deal with Noble Energy, spokesman says

August 20th, 20183871 By Stelios Orphanides Government spokesman Prodromos Prodromou said that the cabinet may decide to renegotiate the revenue sharing agreement for the 4.5 trillion cubic feet (tcf) Aphrodite gas finding, the Cyprus News Agency (CNA) reported on Monday. The cabinet, which is meeting on Tuesday at the presidential summer residence...
Israel wants 5 per cent or more of Aphrodite revenues Cyprus

Israel wants 5 per cent or more of Aphrodite revenues

May 11th, 201811623 Israel is demanding 5 per cent of more of the production from the distribution of natural gas in a joint offshore reservoir, reports in the neighbouring country said Friday. Quoting daily business newspaper TheMarker, Haaretz said Israeli Energy Minister Yuval Steinitz told Cypriot leaders on Tuesday that Israel wants 5 per cent or...
‘Cooperation essential for developing joint gas reserves’ Cyprus

‘Cooperation essential for developing joint gas reserves’

May 7th, 20182420 Cooperation is essential for the exploitation and development of joint gas reserves, Israeli Ambassador Shmuel (Sammy) Revel told the Cyprus News Agency in an interview, adding that the two countries have a transparent and productive dialogue over block 12 reserves. The Ambassador said he expects progress to be made on the EastMed...
Glimmer of hope for Cyprus to export its gas to Egypt Cyprus

Glimmer of hope for Cyprus to export its gas to Egypt

December 3rd, 20177006 Cyprus’ gas discovery in Block 12 has remained stranded since 2012 with no outcome in sight. The Aphrodite natural gas field off Cyprus is commercially viable and the field could produce 300 billion cubic feet (BCF) a year, which could be transported to Egypt by pipeline, the partners behind the project said. Texas-based Noble...
Israeli delegation to visit for gas field unitisation talks Cyprus

Israeli delegation to visit for gas field unitisation talks

November 19th, 20152627 By Elias Hazou AN Israeli delegation will be visiting the island next week to discuss with their Cypriot counterparts the matter concerning the extension of the Aphrodite gas field into Israeli waters. Israel’s energy minister Yuval Steinitz confirmed the visit while speaking at an oil and gas conference in Tel Aviv. The...
Delek: Cyprus given more time to consider Leviathan gas imports Cyprus

Delek: Cyprus given more time to consider Leviathan gas imports

November 1st, 20152500 Israel's Delek Group has accepted a request by the Cyprus Natural Gas Public Company (DEFA) to postpone the period of validity of a proposal for the supply of natural gas to Cyprus via pipelines until December 18, 2015, it said. Delek expects the commercial examination process and negotiations between the parties to resume in the near...
Israeli energy minister to visit as planned Cyprus

Israeli energy minister to visit as planned

October 17th, 20152382 By Angelos Anastasiou ISRAELI Energy minister Yuval Steinitz will visit Cyprus as soon as possible, it was agreed with his Cypriot counterpart Giorgos Lakkotrypis in a telephone conversation. Asked to comment on a story featuring on Israeli business portal ‘Globes’ on Thursday, according to which the Aphrodite gas find in...
Cyprus, Israel disagree over gas findings Cyprus

Cyprus, Israel disagree over gas findings

October 15th, 20152400 Israel’s demand to be involved in the development approval processes of the gas findings in Block 12 – ‘Aphrodite’ – of Cyprus’ exclusive economic zone (EEZ) is delaying the signing of a co-operation agreement with Cyprus, and possibly development of the reservoir, according to Globes.co.il, an Israeli business portal. The...
Delek ‘committed to developing Aphrodite field' Cyprus

Delek ‘committed to developing Aphrodite field'

September 4th, 20152990 By George Psyllides Israel’s Delek Drilling is committed to developing the Aphrodite gas field, its CEO said on Friday, in line with its strategy of supplying the Cypriot and Egyptian markets with natural gas in the fastest and most efficient way. “We already started the process of marketing the gas into those markets and we...
Egypt completes feasibility study into Cyprus gas imports Cyprus

Egypt completes feasibility study into Cyprus gas imports

July 31st, 20152994 By Staff Reporter Egypt has completed a feasibility study into natural gas imports from Cyprus, Egyptian media are reporting. According to Egyptian newspaper Al-Borsa, engineering company Enppi has completed the technical and financial studies, the results of which are currently under review by EGAS, the state-owned holding...
Israel's Delek looks to increase stake in Cyprus gas field (Update 2) Cyprus

Israel's Delek looks to increase stake in Cyprus gas field (Update 2)

June 2nd, 20152385 By Elias Hazou Israeli conglomerate Delek Group are in talks to buy an additional 19.9 per cent stake of the Aphrodite offshore gas field from their partner, Texas-based Noble Energy, for about $155 million (€141 million). In a statement to the Tel Aviv Stock Exchange on Monday, Delek said the negotiations with Noble are at an...
China Oil in talks to buy part of Aphrodite field (updated) Business

China Oil in talks to buy part of Aphrodite field (updated)

June 19th, 20142527 By Elias Hazou Energy giant China National Offshore Oil Corp. (CNOOC) is reportedly in talks to buy 30 to 40 per cent of the Aphrodite gas field in Cyprus’ offshore Block 12. According to Israeli business news site Globes, CNOOC is interested in Block 12 as the estimated reserves there – around 4 trillion cubic feet – are...
Noble: we’re not going anywhere Business

Noble: we’re not going anywhere

March 14th, 20141664 By Elias Hazou NOBLE Energy yesterday reiterated its resolve to monetising Cypriot gas, at the same time denying reports that it has been discussing piping natural gas to Turkey from its Block 12 prospect. “Rumours that the company is withdrawing from Cyprus are untrue and unsubstantiated. We are working diligently to fully...
Evaluating the risks of natural gas Business

Evaluating the risks of natural gas

October 23rd, 20131968 MIT researchers have warned Cyprus to think carefully before investing a substantial amount of money in a rather unpredictable resource like natural gas, noting the “large amount of uncertainty” surrounding the rapidly changing global gas market.  In a recent study, researchers from the Massachusetts Institute of Technology...
Noble: Cyprus’ gas world class Cyprus

Noble: Cyprus’ gas world class

October 4th, 20135167 By Poly Pantelides  PRELIMINARY results from appraisal drilling on Block 12 show about 5 trillion cubic feet (tcf) of natural gas, lying at the lower end of 2011 estimates by US Noble Energy, authorities said yesterday. The Cyprus government, Noble Energy and its partners Delek Drilling and Avner Oil simultaneously announced the...
Kassinis calls for patience on gas results Business

Kassinis calls for patience on gas results

October 1st, 20131406 By Stefanos Evripidou FORMER ENERGY chief Solon Kassinis yesterday called on the press to stop being alarmist about the size of gas reserves in Block 12 of Cyprus’ exclusive economic zone (EEZ), claiming the country’s hydrocarbon reserves were “huge”. Speculation over the size of gas reserves estimated in Block 12’s...
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