Mediterranean Gas Push: Eni, Chevron and Shell Advance Projects

· Oil & Gas · United States · Ghana

Several operators advanced Mediterranean and Gulf projects. Baker Hughes won a contract from Italy's Eni to supply subsea production systems and services for Cyprus's first commercial gas project. Saipem also picked up offshore drilling assignments with Eni off Cyprus and Ghana, boosting fleet utilization for 2026 and 2027. Chevron's drilling in the Mediterranean uncovered another gas-bearing interval, extending reservoirs first discovered in 2022. Separately, Shell tied new wells into an existing floating facility to boost deepwater output in the U.S. Gulf of Mexico.

Why it matters：A cluster of contract awards and discoveries shows the Eastern Mediterranean emerging as a meaningful gas province, drawing major service and operating companies.

Key points

  • Baker Hughes will supply subsea systems for Cyprus's first commercial gas project.
  • Chevron extended reservoirs first found in 2022.
  • Shell added wells at a U.S. Gulf of Mexico floating facility.

Sources (original reporting)

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