Mediterranean's Levant Basin to be explored by Total, Eni, Exxon Mobil and Qatar Petroleum

20/03/2017 11:32 Natural Gas



France's Total, Italy's Eni, Exxon Mobil and Qatar Petroleum received the green light from Cyprus's lawmakers to explore for oil and gas the offshore areas south of the island.



The exploration of the Mediterranean's Levant Basin became interesting since the 2015 when Eni discovered the biggest gas field in the Mediterranean, estimated to hold 850 billion cubic meters of gas.


The Cypriot concessions cover exploration rights for three offshore blocks off the south and southwestern coast and contracts would be inked on April 5 and 6 this year.


Eni and Total have joined forces for one of the blocks and ExxonMobil and Qatar have teamed up for another. Eni will be on its own in a third block.


Total, which was awarded another block in a previous licensing round, planned to conduct drilling this year in Block 11, which borders the Zohr discovery.


The Italian Eni projected to drill twice during this year, but concrete details would be released after a seismic analysis, according to Cypriot Energy Minister Georgios Lakkotrypis.




Notice signed to continue contracts to build four VVER-1200 units at the El Dabaa nuclear plant

12/12/2017 16:34:00

Rosatom Director General Alexey Likhachov and Egypt's Minister of Electricity and Renewable Energy Mohamed Shaker agreed to proceed with contracts for the construction of four VVER-1200 units at the El Dabaa nuclear power site.


Baltic Pipe gas pipeline might obtain final approval in late 2018

12/12/2017 14:40:00

The final investment decision (FID) for the natural gas pipeline project between Denmark and Poland, the Baltic Pipe, might be taken no later than December 2018.


Germany on the path to have hydrogen powered trains by 2021

12/12/2017 14:30:00

Rail manufacturer Alstom plans to replace the diesel vehicles of the transport authority Elbe-Weser-Verkehrsbetriebe (evb) with hydrogen-power trains from December 2021.