On 19 May Cyprus approved the Development and Production Plan of the Kronos gasfield in block 6 by the ENI-TotalEnergies consortium. This focuses on a fast-track, subsea tie-back to the existing Zohr and Egyptian gas infrastructure, to be liquefied at the Damietta LNG plant for export. The estima...

Financial Mirror • May 23

Cronos gets DPP approval on eve of elections

The Cyprus cabinet has finally approved, just days before crucial parliamentary elections, the development and production plan for the 3.1 tcf Cronos gas field, paving the way for partners Eni and TotalEnergies to take a final investment decision (FID) and first natural gas exports within two yea...

In-Cyprus • May 21

Major breakthrough for Cyprus’ energy sector

Cyprus has taken a major step forward with the cabinet’s approval of the development and production plan for the Cronus gas field in Block 6 of its exclusive economic zone. The same block also hosts the Calypso and Zeus fields, operated by a consortium led by Eni and TotalEnergies. With this move...

In-Cyprus • May 20

Eni moves towards final investment decision on Kronos as Cyprus approves gas development plan

Cyprus is moving to gas production for the first time, after the Council of Ministers approved a development plan for the Kronos deposit in Block 6 of the country’s Exclusive Economic Zone (EEZ), with the Eni-TotalEnergies consortium preparing to take a Final Investment Decision (FID) and first e...

In-Cyprus • May 19

Cyprus to sell first gas to Europe by 2028 after Cabinet approves field development deals

Cyprus’s Cabinet approved the development and production plan for the Kronos gas field and the key terms for the sale of Cypriot natural gas on Tuesday, with the first gas targeted for sale to Europe via Egypt in 2028. The Eni-TotalEnergies consortium is moving to a final investment decision on K...

Cyprus Mail • May 14

Cyprus building permits skyrocket in January as residential pipeline doubles

Cyprus’ real estate sector saw a sharp rise in building permits issued in January of this year, reflecting a significant expansion in construction activity. According to a report from the Cyprus Statistical Service (Cystat), a total of 789 building permits were authorised during the month. The to...

Offshore Technology • May 14

TotalEnergies, EGAS ink offshore exploration deal in Egypt

TotalEnergies and the Egyptian Natural Gas (EGAS) signed a memorandum of understanding (MoU) concerning exploration activities off the north-western coast of Egypt.

Offshore Energy • May 14

Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential

France-headquartered energy giant TotalEnergies and its U.S.-based peer Chevron have set the wheels in motion to embark on offshore drilling and appraisal activities off the coast of Nigeria in search of more deepwater oil and gas arsenal in West Africa. The post Big Oil’s offshore drilling plans...

Rigzone • May 14

TotalEnergies Expands Mediterranean Exploration with Egypt Deal

The MoU with state-owned EGAS covers a 'large area' off the north-western coast of Egypt.

Rigzone • May 13

TotalEnergies Resumes Syrian Activities with Mediterranean Exploration Deal

The agreement marks TotalEnergies' resumption of in-the-field activities in the country since the French energy giant ceased production about 15 years ago due to international sanctions against the Assad regime.

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