WorldOil Egypt's potential gas surplus could feed global LNG glut Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal. Noble Energy announces execution of gas sales agreements for export of gas to Egypt Noble Energy, Inc., has announced that it has signed agreements to sell significant quantities of natural gas from Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. Noble, Delek sign $15-billion deal to export Israel gas to Egypt Noble Energy Inc. and Delek Drilling-LP, the lead partners in Israel’s largest gas fields, said they signed a $15 billion agreement to export gas to Egypt’s Dolphinus Holdings. Zion Oil and Gas encounters oil onshore Israel Zion Oil and Gas, Inc., announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud. Fraying Israel-Turkey ties threaten planned natural gas venture A U.S.-backed initiative to build an undersea natural gas pipeline between Israel and Turkey looks increasingly troubled as Turkish President Recep Tayyip Erdogan escalates his public denunciations of the Jewish state. Noble Energy announces partial divestment of Israel's Tamar field Noble Energy, Inc., has announced that it has signed a definitive agreement to divest a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. for cash proceeds of approximately $560 million and 38.5 million shares of Tamar Petroleum. Energean appoints Stena drillship for development drilling at Israel's Karish field Energean Oil and Gas is pleased to announce that Energean Israel has signed a contract with Stena Drilling for the development drilling of Karish field, offshore Israel. Regional Report: Eastern Mediterranean Eastern Mediterranean region are beginning to increase EandP activity and were able to bring several key projects on stream in 2017. Energean said to seek $1.2-billion loan for Israeli gas Energean Oil and Gas SA is trying to raise about $1.2 billion of loans to develop two natural gas fields off the coast of Israel, according to people familiar with the matter. Energean awarded five exploration licences, offshore Israel Energean Oil and Gas has announced that Energean Israel has been awarded five offshore exploration licenses within the Israeli Exclusive Economic Zone (EEZ) by the Israeli Petroleum Commissioner following a recommendation by the Petroleum Council.