Cronos gets DPP approval on eve of elections
The Cypriot government has formally endorsed the development and production blueprint for the significant Cronos gas discovery, a crucial step enabling consortium partners Eni and TotalEnergies to proceed towards a final investment decision. This approval, strategically timed before national elections, signals a clear path for monetizing the 3.1 trillion cubic feet field and initiating gas exports.
Financial Mirror · May 23, 2026
$6.2-billion FID enables ADNOC, TotalEnergies, Eni, and CNPC to unleash more gas
ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), and its partners – France’s TotalEnergies, Italy’s Eni, and China National Petroleum Corporation (CNPC) – have unveiled a final investment decision (FID) for a development project in the Umm Shaif and Nasr offshore concession...
Offshore Energy · July 21, 2026