Tuesday, January 21, 2025

Cyprus Expects First Natgas Output from Aphrodite Field By 2025

From Reuters Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Cyprus’ Minister of Energy Yiorgos Lakkotrypis said on Friday, after negotiations with operators and an ownership squabble delayed output. Cyprus’ Aphrodite was first discovered in 2011, but production has been delayed since as stakeholders Noble Energy, Israel’s Delek Drilling and Royal Dutch

Exxon Mobil Sues Cuba for $280 Million Over Expropriated Property

From Reuters Exxon Mobil Corp on Friday sued Cuba’s state-owned Cuba-Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Castro’s revolution. Exxon, the largest U.S. oil producer, is the first corporation to sue Cuba since the Trump administration allowed a long dormant section of the 1996 Cuban

Obscure Cypriot Readies $10 Billion Bet on East Med Gas - Oil & Gas 360

Israel To Resume Tamar Gas Field Production After Gaza Truce

From Reuters Israel will resume gas production from offshore Tamar field after a ceasefire brought an end to a surge in violence in the Gaza Strip, the energy ministry said on Monday. Energy Minister Yuval Steinitz had frozen operations at Tamar, Israel’s main natural gas source, on Sunday when the cross-border violence peaked. Tamar’s production platform is off Israel’s southern

DUCs Up

Almost half the U.S. DUCs are in the Permian The number of drilled but uncompleted wells (DUCs) in seven key U.S. oil and natural gas production regions has increased over the last two years, according to the EIA’s count. DUCs reached a high of 8,504 wells in February 2019, according to well counts in EIA’s April Drilling Productivity Report (DPR). The most

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Vancouver Hit With Record Gasoline Prices Amid Pipeline Tussle

from  Bloomberg A political brawl between between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction. The city recently recorded the highest retail gasoline price on record for a major North America metro, according to GasBuddy, a motor-fuel pricing website. The price hit almost $4.80 a gallon (C$1.70 a