NICOSIA, Jan 24 (Reuters) - ExxonMobil (XOM.N), opens new tab and Qatar Energy on Friday began exploratory drilling for natural gas in a prospect west of Cyprus, Cyprus President Nikos ...

Jan 24, 2025 · ExxonMobil and QatarEnergy started drilling work for natural gas in Block 5 of Cyprus’ exclusive economic zone (EEZ), President Nikos Christodoulides announced on Friday. According to a post on social media platform X, drilling began Friday morning in Block 5’s gas reservoir named Electra.

Oct 28, 2024 · It has been over two-and-a-half years since ExxonMobil last drilled in Cyprus’ EEZ, but the company is about to come back. In an interview earlier this month the minister of energy, Giorgos...

Mar 21, 2022 · Oil and gas major ExxonMobil has completed drilling operations on its Glaucus-2 appraisal well located in Block 10 off Cyprus, confirming the presence of high-quality gas. The Glaucus gas discovery was made in February 2019 with estimated in-place resources of 5 to 8 trillion cubic feet of gas.

Nov 21, 2024 · ExxonMobil will drill a well off Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday, one of several energy majors focusing on the region as Europe diversifies...

Nov 22, 2024 · ExxonMobil is set to commence drilling a new well offshore Cyprus in January 2025 as part of its natural gas exploration efforts, Reuters has reported. The initiative is part of a broader strategy by energy majors to diversify Europe’s gas supply sources, especially following disruptions from Russia after its 2022 invasion of Ukraine.

Nov 28, 2024 · Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68...

Nov 21, 2024 · ExxonMobil will drill a well offshore Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday at an energy and geopolitics event in Nicosia.

Nov 28, 2024 · Petrolina (Holdings) Public Limited (PHL) has announced that on 27 November 2024, its fully-owned subsidiary, MED ENERGYWISE LTD, entered into an acquisition agreement to purchase 100% of the share capital of ExxonMobil Cyprus Limited (EMCL) for €48.6 million.

Oct 3, 2024 · A deal expected to reshape the map of the fuel retail sector in Cyprus is expected to made as ExxonMobil Cyprus edges close to an agreement with another petroleum company in Cyprus for the sale of its petrol stations on the island, under the trade name ESSO.