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Eni and TotalEnergies Approve Cyprus' Cronos Gas Project, Enhancing European Energy Security

Eni and TotalEnergies Approve Cyprus' Cronos Gas Project, Enhancing European Energy Security

Eni and TotalEnergies have approved the final investment decision for the Cronos gas project located off the coast of Cyprus. This project is notable for its trans-boundary subsea tieback that crosses two Exclusive Economic Zones (EEZs). The development plan includes four subsea wells situated approximately 90 nautical miles southwest of Cyprus. These wells will connect via pipeline to the Zohr field on the Egyptian side of the EEZ boundary. The gas extracted will be processed and liquefied at the Damietta LNG terminal. The Cronos project is expected to produce about 500 million standard cubic feet of gas per day, with an estimated total reserve of three trillion cubic feet. The project is slated for completion by 2028.
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Cyprus Initiates First Gas Project with Eni and TotalEnergies, Boosting European Supply

Cyprus Initiates First Gas Project with Eni and TotalEnergies, Boosting European Supply

Cyprus has launched its first hydrocarbon development project, the Cronos gas field, in partnership with Eni and TotalEnergies. The project, located offshore Cyprus, is expected to bring first gas to market by 2028. With an estimated 3 trillion cubic feet of gas, the project will produce around 500 million cubic feet per day. The gas will be processed in Egypt and exported as LNG to international markets, primarily Europe. This development marks a significant milestone for Cyprus as it positions itself as a European gas producer and exporter.
Nashville Tennessean Nashville Tennessean
Bailey Zimmerman cancels tour over 'important family matters'

Bailey Zimmerman cancels tour over 'important family matters'

The multi-platinum singer-songwriter will not perform 10 shows on the next leg of his Different Night Same Rodeo Tour across Europe.
USA Today USA Today
Country star Bailey Zimmerman abruptly pulls out of upcoming tour

Country star Bailey Zimmerman abruptly pulls out of upcoming tour

Country singer Bailey Zimmerman revealed on social media that he is canceling the European leg of his Different Night Same Rodeo Tour.
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ExxonMobil's Canadian Crude Shipment to Japan Highlights Asian Supply Diversification

ExxonMobil's Canadian Crude Shipment to Japan Highlights Asian Supply Diversification

ExxonMobil has chartered a vessel to transport Canadian crude oil to Japan, marking the first such shipment since 2025. The vessel, Freedom Glory, left Vancouver carrying Trans Mountain pipeline (TMX) crude, purchased by Japan's largest refiner, Eneos. This move comes as Japan, along with other Asian countries, seeks to diversify its oil supply sources following disruptions in the Strait of Hormuz due to the US and Israel's conflict with Iran. The Trans Mountain pipeline, which carries up to 890,000 barrels of crude oil daily from Alberta to British Columbia, has been operating near full capacity since late 2025.
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Heat Waves Threaten Rhine River Levels, Impacting Energy Supplies

Heat Waves Threaten Rhine River Levels, Impacting Energy Supplies

The Rhine River in Europe is experiencing critically low water levels due to ongoing heat waves, posing a significant risk to energy supplies. The river, a crucial transportation route for coal and fuels, has seen water levels at Kaub drop to 28 centimeters, the lowest since 2018. This decline is causing a bottleneck in the delivery of essential resources to southern Germany and Switzerland, leading to increased shipping costs. The situation is exacerbated by forecasts predicting further drops in water levels, potentially reaching a 36-year low. The heat and dryness have also stressed power systems and public health services across Europe.
AP News AP News
Drone strikes ignite fires on natural gas vessels at an Egyptian port

Drone strikes ignite fires on natural gas vessels at an Egyptian port

Drone strikes ignited fires on two natural gas vessels at an Egyptian port, a maritime security firm said, as the U.S.-Iran war flared on multiple fronts in the Middle East
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B.C. Forestry Company Relocates to U.S. Amid Tariff and Regulatory Challenges

B.C. Forestry Company Relocates to U.S. Amid Tariff and Regulatory Challenges

B.C. Forestry Company Relocates to U.S. Amid Tariff and Regulatory Challenges
TheStreet TheStreet
Can a Foundation Outlive Its Mission?

Can a Foundation Outlive Its Mission?

Thomas Adam, PhD., from the University of Arkansas, joins us to explore how philanthropic foundations are shaped by donor intent—and what happens when the world changes faster than the mission. We unpack why “forever” can be both inspiring and limiting, and how legal, historical, and practical ...
SB Nation SB Nation
No 2026 International games? The Cardinals originated this

No 2026 International games? The Cardinals originated this

This year’s International Series does not include Arizona
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Germany Faces High Gas Costs After Ending Russian Imports

Germany Faces High Gas Costs After Ending Russian Imports

Germany is now paying approximately five times more for natural gas than it did before terminating long-term supply contracts with Russia. Previously, German importers paid €12 per megawatt-hour under these contracts, but now pay around €60/MWh on the open market. This shift has been a significant factor in Germany's economic slowdown, with the economy contracting in 2023 and 2024. The decision to abandon Russian pipeline gas in favor of LNG has led to increased costs and corporate insolvencies.
TheStreet TheStreet
SLB CEO sends clear message on oil services upcycle

SLB CEO sends clear message on oil services upcycle

Wall Street spent most of July bracing for a rough quarter for SLB N.V. (SLB), formerly known as Schlumberger Limited.  Fighting in the Middle East had shut in wells, and oil prices were sliding amid U.S.-Iran peace talks. This caused six brokers to trim their price targets going into the ...