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10
Jan 2026
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Mediterranean Gas bounty suddenly seems within big oil’s reach

Activity follows years of work by U.S. diplomats to harmonize economies of once-hostile nations such as Israel, Egypt & Jordan

Amid Cypriot tensions, US Navy & ExxonMobil arrive in Mediterranean

The US is bolstering its presence in the region as Turkey appears to be increasingly willing to use or at least threaten the use of force

Erdogan: No drilling for gas in Cyprus without consent of Turkish-Cypriots

Turkish indirect threats against the USA & France!

Turkey renews the NAVTEX that blocks the drillings in the Cypriot EEZ!

Turkey is trying to cancel the Cypriot drilling program

At least 6-bn cubic feet reserves in Cyprus “Calypso” deposit

CEO of ENI interviewed by Reuters

Eni announces a gas discovery offshore Cyprus

A promising gas discovery which confirms the extension of the “Zohr like” play in Cyprus' EEZ

Fall energy sector developments in Cyprus

Italian energy company ENI is still considering its options for drilling, having blocks 3, 6 & 8 to choose from

ENI set to start hydrocarbon exploration in November

The well in block 6 is a joint venture with French energy concern TOTAL & is in an area hotly contested by Turkey

Floating gas terminal could be ideal for Cyprus

The world’s first FLNG vessel, known as PFLNG Satu, is positioned at the Kanowit gas-field off Sarawak is now operational

Italy joins France in warning Ankara about Cyprus gas drilling

The US government has also defended the right of EU member Cyprus to proceed with the drilling

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