Cyprus gas developments have been in the spotlight in recent weeks, even though no gas has been produced to date. However, energy companies with offshore assets are making progress on a number of projects with the latest being US major ExxonMobil (60%, op) and partner QatarEnergy (40%) at Blocks 10 and 5.

“We can confirm submission of a declaration of commerciality for both the Pegasus and Glaucus discoveries offshore Cyprus,” Exxon tells MEES. (CONTINUED - 865 WORDS)

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