France’s TotalEnergies and Italian energy company Eni have announced a natural gas discovery at the Zeus-1 well off the Mediterranean island of Cyprus.
The Zeus-1 well encountered 105m of recoverable resources in carbonate reservoirs, re-enforcing the “promising” outlook for the area and its development, TotalEnergies said on Wednesday.
In August, TotalEnergies and Eni announced a “significant” gas discovery at the Cronos-1 well in Block 6, which is equally owned by the two companies.
“This success at Zeus-1 further enhances the potential of Block 6, only four months after the Cronos-1 discovery,” said Kevin McLachlan, senior vice president, exploration at TotalEnergies.
“New data gathered from the well will assist our ongoing assessment of fast-track development options for the discovered resources.”
TotalEnergies is working towards developing its new Lebanon Block 9 offshore gas project from next year.
Last month, the company and Eni signed a “framework agreement” with Israel to enforce a maritime boundary accord that was agreed with Lebanon last month.
The Eastern Mediterranean region has become a global energy hotspot following the discovery of numerous offshore gasfields over the past decade.
The US Geological Survey estimates that the Levant Basin — the waters of Cyprus, Egypt, Israel, Lebanon and Palestine — contains 122.4 trillion cubic feet of technically recoverable gas.
Natural gas markets are expected to remain tight next year as Russia, one of the world’s largest exporters, further reduces supplies to Europe.
Russia, Europe’s top natural gas supplier, began reducing its exports to the continent in response to wide-ranging economic sanctions after it invaded Ukraine in February.
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Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
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UAE currency: the story behind the money in your pockets
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
