Topic
gas field
Commodities Energy & Petrochemicals #mol#shell
MOL acquires Shell's Aphrodite gas field stake in Cyprus for up to $720m
Hungarian energy group MOL has signed a deal to buy BG Cyprus, Shell's subsidiary holding a 35% non-operated interest in the Aphrodite gas field offshore Cyprus, for up to $720m. The field holds an estimated 104bn cubic metres of contingent gas plus 8m barrels of condensate, with first gas expected in 2031.
Aug 3, 2026 1 source
Commodities Energy & Petrochemicals #energy#fuels
Jackdaw boss warns of winter fuel shortages if gas field not approved
Adura chief executive Neil McCulloch warns that the UK faces winter fuel shortages if the Jackdaw gas field is not approved. The field, a joint venture between Shell and Equinor, could meet 6% of UK gas needs from 1 October. Environmental campaigners oppose the project, citing climate concerns, but McCulloch highlights the UK's limited gas storage and risks from weather or geopolitical threats.
Jul 9, 2026 1 source