x

Society

Eni, Total Join for Another Gas Search License off Cyprus

September 18, 2019

NICOSIA (AP) — Energy companies Total of France and Italy’s Eni have teamed up to expand their search for natural gas off southern coast, signing a licensing agreement Wednesday.

Cypriot Energy Minister Georgios Lakkotrypis said the companies will have an equal share in a new block into which a gas deposit that Eni discovered in an adjacent block last year is believed to extend.

Lakkotrypis said Total also gains a 20-40% share in four of Eni’s concessions inside Cyprus’ exclusive economic zone. Korea’s Kogas is also a partner with a 20% share in three of the four concessions.

With Wednesday’s signing, Eni and Total now hold exploration licenses for seven of Cyprus’ 13 blocks. ExxonMobil and a partnership between Texas-based Noble Energy, Dutch Shell and Israeli Delek hold licenses for one block each.

The two companies are expected to drill six wells in their blocks over the next two years.

Earlier this year, ExxonMobil and partners Qatar Petroleum announced the discovery of a gas field in their concession estimated to contain 5-8 trillion square feet of gas.

Noble Energy discovered a field of its own estimated to hold 4.1 trillion cubic feet of gas back in 2011.

Cypriot President Nicos Anastasiades told The Associated Press on Tuesday that there are “sufficient quantities” of gas in Cypriot waters for exploitation.

RELATED

PAPHOS — Defense lawyers for a British man on trial for causing the death of his wife in Cyprus’ coastal resort town of Paphos said Monday they’re hopeful the court will suspend any sentence it hands down to their client after he pleads guilty to manslaughter next week.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Warnock or Walker? Georgia Runoff to Settle Last Senate Seat

ATLANTA — Georgia voters on Tuesday are set to decide the final Senate contest in the country, choosing between Democratic Sen.

Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation's two largest ports.

NEW YORK – The major American news outlets watched with great interest as the historic Vespers at St.

NEW YORK — In 2022, the story of book publishing was often the industry itself.

NEW YORK — The Rev. Al Sharpton has been called a lot of names in his public life: a hustler, a racist, an opportunist, a fraud, a rat, a jester.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.