Gas ‘breakthrough’ could see movement in months
After nine years, an agreement was reached this week to move forward gas sharing between Israel and Cyprus as a field straddles the borders. But...
Delek
Cyprus grants Aphrodite reserve exploitation licence
Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt...
Aphrodite gas development plan expected this week, minister says
The government expects a joint venture of energy companies to submit a new development and production plan for an offshore gas field this week, with...
LNG back in the limelight
By Charles Ellinas With Noble, Delek and Shell requesting to renegotiate their Production Sharing Agreement (PSA) with Cyprus, and particularly the formula for sharing potential...
Energy companies urged to speed up gas supply (update)
CYPRUS is trying to expedite development of an offshore gas field with a view to supplying the Egyptian market, Energy Minister Giorgos Lakkotrypis said on...
Be cautious, despite oil majors’ interest, warns expert
DESPITE the impressive participation in the third hydrocarbons licensing round in Cyprus’ Exclusive Economic Zone (EEZ), the government should not rest on its laurels, an...
ExxonMobil, ENI, Total, Delek and Statoil among 3rd round bidders (updated)
By Stelios Orphanides Energy minister Yiorgos Lakkotrypis said that Cyprus received three bids for block 10 in its exclusive economic zone, one from a consortium...
Delek announces bid for Cyprus’ EEZ third licensing round
Israeli Delek Group Ltd announced on Sunday that its gas and oil exploration units Avner Oil and Gas LP and Delek Drilling LP have bid for...
Energy giants give assurances of commitment to Cyprus operations (Updated)
Senior executives of two energy companies with hydrocarbons concessions in the island’s Exclusive Economic Zone (EEZ) gave assurances on Tuesday of their commitment to...
Cyprus President holds meetings with heads of energy companies
Cyprus President Nicos Anastasiades will meet on Tuesday with the heads of energy companies, as the deadline for the third oil and gas licensing round...
Israeli gas decision will have some impact on Cyprus, expert says
WHEREAS a court ruling in Israel complicating plans to develop that country’s natural gas fields does impact the development of Cyprus’ Aphrodite prospect, the effect...
Companies warn of delays to giant Israel gas field after court rejects guarantee
An Israeli supreme court ruling barring the government from giving a 10-year guarantee to an American energy firm and its Israeli partner could delay Israel’s...
Israeli court blocks government’s natural gas plan in blow to energy firms in eastern Med
Israel’s Supreme Court blocked a controversial plan to develop the country’s natural gas fields on Sunday, dealing a blow to energy companies operating in the...
Cabinet expected to rubber-stamp BG-Noble deal on Monday
The cabinet is on Monday expected to approve the participation of the BG Group (British Gas) in Block 12 of the island’s exclusive economic zone...
Delek: Cyprus given more time to consider Leviathan gas imports
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...
Israel’s Netanyahu to fast-track natural gas plan after minister resigns
By Ari Rabinovitch Israeli Prime Minister Benjamin Netanyahu will take control of the Economy Ministry to fast-track a plan to develop huge offshore natural gas...
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,...
Cyprus eyes 3rd oil and gas round, Delek postpones test drill (Update)
ENERGY companies are showing keen interest over a third hydrocarbon exploration licensing round inside Cyprus Exclusive Economic Zone (EEZ), Energy minister Giorgos Lakkotrypis said on...
Talking energy on the sidelines
By Elias Hazou AS PRESIDENT Nicos Anastasiades addressed the UN General Assembly in New York yesterday on the Cyprus issue, the focus of numerous top-level...
Delek ‘committed to developing Aphrodite field’
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...