The geopolitical landscape of the Eastern Mediterranean is undergoing a fundamental transformation, driven by escalating regional conflicts and shifting energy alliances. Nearly a decade after the collapse of the 2017 Crans-Montana summit, the Republic of Cyprus finds itself deeply embedded in th...

Offshore Technology • Aug 3

Shell to sell BG Cyprus and Aphrodite gas stake to MOL Group

Shell has agreed to sell its wholly-owned subsidiary BG Cyprus and its Aphrodite gas field stake to MOL Group for up to $720m.

Splash247 • Aug 3

MOL buys Shell stake in Cyprus gas field for $720m

Hungary’s MOL has signed an agreement to acquire BG Cyprus, a 100% subsidiary of supermajor Shell, which holds a 35% non-operated interest in the Aphrodite gas field in the eastern Mediterranean. This acquisition is the biggest E&P growth opportunity for the company since acquiring a 9.57% stake ...

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Key Events

Jan 24, 2013

Second Licensing Round Awards

Cyprus awards exploration licenses for Blocks 2, 3, and 9 to ENI/KOGAS consortium, expanding international interest in t...

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