Eni awards Baker Hughes, Saipem contracts for Cyprus’ Cronos gas development
Why this news matters:
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The Cronos project is one of the most significant gas developments emerging in the Eastern Mediterranean and could strengthen Cyprus’ role in regional gas supply.
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The awards signal continued operator investment in deepwater gas projects despite broader market uncertainty, supporting demand for drilling and subsea equipment providers.
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The contracts also highlight Eni’s growing offshore development activity across multiple regions, including Cyprus, Côte d’Ivoire, Ghana and Indonesia.




