The Italian company Eni is beginning development of the deepwater Cronos field off the coast of Cyprus, which will allow Cypriot gas to enter the market for the first time by 2028. This project will strengthen Cyprus's position as a gas exporter and support Europe's energy security.
A new discovery in Egypt has cast doubt on previous ideas about the origins of apes: the ancient primate that was found appears to be closer to the common ancestor of humans and modern apes than the East African species. This finding could change our understanding of the geographic history of primate evolution.
Shell has completed drilling the deepest well in the Mediterranean Sea off the coast of Egypt and has discovered signs of oil. The collected data is now being analyzed to assess the commercial potential of the field.
The British company Serica Energy is acquiring Pharos Energy for £145.7 million to expand its operations in Vietnam and Egypt and increase its production resources. The deal has been approved by the boards of directors of both companies.
American company Samos Energy has made an offer to acquire Capricorn Energy at a price higher than the current bid from Genel Energy. Shareholders are now considering alternative options as they await a final decision before the meeting on August 15.
Energean has increased the liquid processing capacity at its FPSO in Israel, despite significant delays caused by regional conflicts. The new production line has boosted output from 18,000 to 31,000 barrels per day.
An international team of scientists has discovered fossils of the ancient primate Masripithecus moghraensis in Egypt, a species closely related to the ancestors of modern apes. This discovery could reshape our understanding of the geography of their evolution, highlighting the significant role of North Africa.