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News - EastMed Energies - Page 5
Greece’s DESFA Announces 37.6% YoY Revenue Increase
Greek gas grid operator DESFA announced impressive financial results for 2022. The company recorded a 37.6% year-on-year (YoY) revenue increase, reaching €278.3 million from €202.6 million. The results further include a 29% YoY profit growth, recording €81.6 million from €63.1 million a year earlier.
Lebanon to Start Offshore Drilling for Natural Gas
Lebanon plans to explore gas potential at Block 9, located off its southern coast, with the recent arrival of the Transocean Barents drilling rig, said Lebanon’s Public Works and Transport Minister Ali Hamie. “The arrival of the equipment marks an important step in the preparation for the drilling of the exploration well in Block 9, which will […]
TWMA Wins $15M Deal for bp Project in Egypt
TWMA was awarded a $15 million contract to contribute to a large-scale oil and gas project for bp in Egypt. According to the contract, TWMA will use its award-winning RotoMill drill cuttings processing technology to process all drilling waste generated from bp’s WND & END exploration and development project in the Mediterranean Sea expected to last up […]
Israel’s Cabinet Approves Gaza Marine Gas Field Development Project
Israel’s Prime Minister’s Office announced the approval of developing the Gaza Marine gas field off the coast of Gaza, according to a press release.
Greece to Hold 1st Hydrogen, Green Gases Forum in June
Greece will host the 1st Hydrogen and Green Gases Forum, which is an energy press event constituting the country’s only forum to comprehensively cover green gas and hydrogen
Israel, Cyprus Tends to Reach Agreement for Aphrodite-Ishai by the End of 2023
Cypriot Minister of Energy George Papanastasiou has met with his Israeli counterpart Israel Katz to hold bilateral energy talks.
Jordanian Energy Minister: Risha Gas Compression Plant is Under Construction
Jordanian Minister of Energy and Mineral Resources Saleh Kharabsheh stated that the gas compression plant (Jordan chlorine)
Leviathan Partners Set to Invest $568M to Boost Gas Exports
Partners in the Leviathan gas project, offshore Israel highlighted their intentions to invest $568 million to establish a third pipeline, which will support increasing natural gas output and exports, Reuters reported.
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