TotalEnergies, alongside its partner Eni, has successfully completed the drilling and production test of the Cronos-2 appraisal well in Block 6, offshore Cyprus. This venture marks a crucial development in their partnership, underscoring the potential for significant gas resources within the region. The Cronos-2 well serves as a follow-up to the Cronos-1 discovery made in […]
In a significant move that streamlines its operations, British electrical and telecommunications giant Currys Plc has finalized the sale of its Greek and Cyprus retail business, Kotsovolos, to Public Power Corporation S.A. for an enterprise value of €200 million. This pivotal transaction follows a comprehensive strategic review announced in June 2023, underscoring the company’s resolve […]
Nexans, a global player in electrification, has secured a €1.43 billion turnkey contract for the EuroAsia Interconnector, the world’s longest and deepest 525kV high voltage direct current (HVDC) subsea cable. The cable, a part of a broader project to interconnect the grids of Greece, Israel, and Cyprus, spans 2×900 km and plunges to over 3,000 […]
LTIMindtree, an Indian technology consulting and digital solutions company, has been roped in as the strategic sourcing partner by Hellenic Bank, a Cyprus-based financial institution. The collaboration will allow Hellenic Bank to meet its demands for resource capacity quickly and efficiently. Hellenic Bank is one of the top banks in Cyprus, which offers individuals and […]
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings (Eurobank Holdings), has agreed to acquire a 13.41% stake in Hellenic Bank Public Company, a Cyprus-based bank, from Wargaming Group for €70 million. The deal increases the stake of Eurobank in Hellenic Bank to 26%. It is said to be in line with Eurobank’s broader […]
Green Energy Group (SeaBird Exploration Plc) has been issued a Letter of Award (LoA) for executing a 2D campaign in the Eastern Hemisphere. The duration of the contract is around nine months and is likely to begin in September 2022, said the Cyprus-based surveying services company. According to Green Energy Group, its backlog presently shows […]
Green Energy Group (Seabird Exploration) said that it has been issued a letter of intent for an ocean bottom node (OBN) source contract in the Eastern hemisphere from an undisclosed client. The Cyprus-based company, which provides marine 2D and 3D seismic data acquisition for the oil and gas industry, did not reveal the contract value […]
Seabird Exploration has bagged an ocean bottom node (OBN) source contract in the North Sea from an undisclosed client with mobilization to take place next month. The Cyprus-based marine acquisition provider will be using the Eagle Explorer for the short duration contract, the value of which has also not been disclosed. According to Seabird Exploration, […]