WorldOil Energean receives approval to develop Katakolo field in Western Greece Energean Oil and Gas has announced that it has received approval for its Field Development Plan (FDP) for the development of Kataloko field in Western Greece from Hellenic Hydrocarbons Resources Management. Turkey warns Greek Cypriots, oil companies against offshore energy grab Turkey warned Greek Cypriots on Friday not to make a grab for energy reserves around the divided island and President Tayyip Erdogan told oil companies to be careful they did not lose a "friend" by joining in. Greece's Energean signs first deal to supply gas to Israel Energean Oil and Gas Group signed contracts to supply private Israeli power plants with natural gas, the first deals to compete with the partners who dominate the country’s energy industry. Energean signs lease agreement for Aitoloakarnania block, onshore western Greece Energean Oil and Gas has announced that it has signed a lease agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore western Greece. CERAWeek `17: Israel’s energy minister discusses prospects for Levant basin Israel’s Energy Minister, Dr. Yuval Steinitz, outlined the changing regional dynamics, and his country’s emerging role as a natural gas producer and exporter, during a strategic dialogue held Wednesday at the 2017 CERAWeek conference in Houston. Energean secures exploitation license for West Katakolon, offshore Western Greece The Greek Ministry of Energy and Energean Oil and Gas, an independent oil and gas EandP company in the Eastern Mediterranean, have agreed the conversion of the exploration license for the proven West Katakolon offshore field to a 25-year exploitation license with immediate effect. Statoil awards Archer two-year contract extension Archer Limited announced a two-year extension of its contract for platform drilling services, as Statoil exercises the first option following the original four-year contract, with two additional two-year extension options remaining. Regional Report: Eastern Mediterranean Eni’s discovery of supergiant Zohr field has changed the energy landscape of the region, prodding stagnant EandP developments in Israel, Cyprus and Greece. Ruble weakens as oil drop offsets Greek deal The ruble weakened for the first time in three days as declining prices for crude, Russia’s main export earner, offset investor optimism after Greece reached a deal with creditors. Oil falls most in five months as Greece, China boost demand risk Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia.