Cyprus reaches deal with Noble on modifying gas contract – reports
The government is said to have clinched a deal with the Aphrodite gas field stakeholders to modify the production sharing contract, with energy minister Giorgos...
Block 12
Gas drillship on its way amid bellicose rhetoric
As a drillship continued on its journey to Cyprus on Monday, Turkey was again warning its neighbours that it will defend its interests in...
Government may renegotiate deal with Noble Energy, spokesman says
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...
Blocks 11 and 12 top priorities for the government, Lakkotrypis says
Energy Minister Yiorgos Lakkotrypis says expanding exploration within Cyprus’ Exclusive Economic Zone (EEZ) and proceeding with exploitation of the Aphrodite field were the two top...
Total to start drilling in early 2017
FRENCH oil major Total will likely commence exploring for gas in their offshore Block 11 concession in early 2017, energy minister Giorgos Lakkotrypis said on...
Noble CEO says next step is to line up customers
Noble Energy CEO David Stover said on Wednesday, the company’s main next steps would be its marketing effort to identify potential customers for the gas...
Lakkotrypis rules out privatisation of EAC, promises open market
Energy Minister Yiorgos Lakkotrypis said the government has no plans to privatise state-owned power producer Electricity Authority of Cyprus even as it intends to open...
Block 12 deal sealed with BG (Update 2)
By Andria Kades BG Cyprus, subsidiary of British multinational oil and gas company BG Group on Wednesday joined the consortium which has the concession on...
BG to join Block 12 operators Wednesday
British Gas will on Wednesday be joining the consortium which has the concession on Block 12 in Cyprus’ Exclusive Economic Zone (EEZ), Energy Minister Giorgos...
Cabinet approves BG stake in Block 12 (Updated)
By Elias Hazou The cabinet on Monday approved in principle the entry of BG Group (British Gas) in the consortium which has the concession on...
‘Important news’ expected from Total
The government is poised to grant French energy giant Total an extension on its exploration license in offshore Block 11, local media reported on Wednesday....
Minister brushes off notion of gas differences in government camp
By Elias Hazou THE Citizens’ Alliance, which continues to advocate the presale of natural gas, said on Monday it is drafting a comprehensive blueprint for...
Delek silent on licence renewal for Block 12
ISRAELI energy conglomerate Delek have clarified that they do not plan to drill another exploratory well within their Block 12 offshore concession until May 2016,...
Aphrodite plan probably a floating unit
By Elias Hazou THE development and production plan for the Aphrodite reservoir submitted by the Block 12 partners makes no mention of potential natural gas...
Development and Production Plan for Block 12 submitted
The Development and Production Plan for the “Aphrodite” natural gas field was submitted on Wednesday afternoon to Cyprus` Ministry of Energy by the partners in Block “12”...
Israel’s Delek looks to increase stake in Cyprus gas field (Update 2)
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...
Gas exploration moves to exploitation
Cyprus is on the verge of moving from natural gas exploration to exploitation, Minister of Energy Giorgos Lakkotrypis said on Tuesday. Four years after the...
MoU for transport of gas to Egypt
Cyprus and Egypt have signed a memorandum of understanding to examine the transport of natural gas through an underwater pipeline. The agreement was signed by...
2014: Hysteria, hype and a few home truths
By Elias Hazou NAVAL blockades, shape-shifting ghost drill ships, gas, then no gas – enough material which Jon Stewart and Stephen Colbert would have a...
Lower gas estimates should not be a cause for disappointment
Recent drilling results at a prospective offshore gas field should not be a cause for disappointment, President Nicos Anastasiades said on Tuesday. He was referring...