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Country summary: Cyprus

energy-pedia opportunities - Cyprus:
Current deals: 0
Licensing articles: 31
Completed deals: 4

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Cyprus - recent news

15 Sep 26
Cyprus: Halliburton awarded bundled deepwater well construction and completions contract
Halliburton has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Block 6 of the Cyprus Exclusive Economic Zone. The award strengthens Halliburton’s offshore portfolio in the Eastern Mediterranean and expands the company’s role in the region’s strategic natural gas development.
08 Sep 26
Cyprus: McDermott awarded subsea contract for Cronos development in Cyprus
McDermott has been awarded a substantial subsea contract by Eni Cyprus for the Cronos gas field development offshore Cyprus, marking McDermott's first subsea project award with Eni and expanding the company's presence in the Eastern Mediterranean region.
31 Jul 26
Cyprus: Shell agrees to sell BG Cyprus to MOL Group for up to $720 million
Shell has reached an agreement to sell its 100%-owned subsidiary BG Cyprus Ltd. to MOL Group for up to $720 million. BG Cyprus holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas field in the eastern Mediterranean.
28 Jul 26
Cyprus: TotalEnergies approves the development of the Cronos gas field to supply Europe with LNG
TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024.
21 May 26
QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure.

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