Zeus-1 is the third important find discovered by energy behemoths Eni and TotalEnergies, who together are crucial to growth of Cyprus offshore energy sector.
In 2022, 10 hydrocarbon discoveries were made in Malaysia by Petronas and its Petroleum Arrangement Contractors, due to increase in exploration efforts there.
EU, G7, and Australia have imposed a price ceiling on Russian oil to further hinder funding for Moscow and banning firms from providing insurance or logistics.
Estimates that Norwegian government had provided for the amount of crude oil and natural gas that would be extracted from territory in November were not met.
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