Egypt and a consortium made up of energy companies Total of France and Italy’s Eni will next month sign a key agreement to transport natural gas from an undersea deposit inside Cypriot waters to Egypt where it will be liquefied and processed for export,

Egypt and the Eni-Total consortium will sign a significant agreement for transporting Cypriot natural gas for liquefaction and export.

NICOSIA, Cyprus (AP) — Egypt and a consortium made up of energy companies Total of France and Italy’s Eni will next month sign a key agreement to transport natural gas from an undersea deposit ...

(AP Photo/Petros Karadjias, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] NICOSIA, Cyprus (AP) — Egypt and a consortium made up of energy companies Total of France and Italy’s Eni will next month sign a key agreement to ...

ExxonMobil and its partner offshore Cyprus, QatarEnergy, on Friday started drilling for natural gas in an exploration block in the island nation’s exclusive economic zone, the President of Cyprus, Nikos Christodoulides, said. The U.S. supermajor and Qatar’s state energy giant launched drilling activities in Block 5, Christodoulides wrote on X.

US major ExxonMobil and Qatar Energy have launched a new drilling operation off Cyprus as they seek to tap the Mediterranean island's offshore gas, officials said on Friday.

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XOM begins exploratory drilling offshore Cyprus at the Electra prospect. The region has shown promising results, as highlighted by XOM???s 2019 discovery at the Glaucoma well.

The almost intractable deadlock was resolved on April 29, 2011 when the FGN, Shell and Eni signed the Resolution Agreement that transferred the rights to OPL 245 to Eni and Shell. This led to the FGN paying $1.092 to Malabu as compensation for revoking the rights, and Malabu thereafter dropped its complaints against the Nigerian Government.

The talks will also involve civil society, though only 10 – as opposed to 58 business sector players – have been invited.

Jumoke Oduwole, Nigeria’s minister of industry, trade and investment outlines her strategy to attract foreign direct investment and support businesses in a tough economic climate.

German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 28, 2025. REUTERS/Staff/File Photo World markets were suddenly looking calmer on Wednesday as ...