Eastern Mediterranean ///
Partners in Israel’s Leviathan field, the country’s largest natural gas reservoir, signed an export agreement with Natural Electric Power Co. of Jordan. Tel Aviv gas stocks rose.
The Israeli Ministry of Infrastructures, Energy and Water Resources (MIEWR), the government agency responsible for overseeing all petroleum-related activities in Israel, plans to host a road show in September 2016 for promotion of the country’s first offshore energy licensing round, IHS Energy said today.
Delek Drilling and Avner Oil Exploration, part of Israel's leading integrated energy company, have signed a deal for the sale of 100% of their holdings in Karish and Tanin natural gas fields to Energean Oil & Gas.
Noble Energy has signed a definitive agreement to divest a 3% working interest in Tamar field, offshore Israel, to the Harel Group, a leading insurance provider and pension manager in Israel, in partnership with Israel Infrastructure Fund (IIF), Israel's largest infrastructure private equity fund.
Lebanon may soon approve measures to push ahead with a stalled first auction of offshore oil and natural gas rights, ending years of political wrangling as it tries to catch up in a regional race to tap energy wealth in the eastern Mediterranean.
The owners of Leviathan, Israel’s largest natural gas field, began moving on development plans delayed for years by political, legal and regulatory wrangling. The companies’ stocks gained as developers reaffirmed that production was on track to begin in 2019.
Noble Energy has received approval from the Petroleum Commissioner in Israel’s Ministry of National Infrastructure, Energy and Water Resources for the development of the Leviathan project.
The Cypriot government will receive bids on July 22, under the latest round of licensing for offshore oil and natural-gas exploration and expects any agreements with companies to be struck by early next year, Energy Minister Georgios Lakkotrypis said.
Israel and Egypt are nearing a compromise that would sweep away a major obstacle to a multi-billion-dollar natural gas deal.
DNV GL – Business Assurance USA, Inc. today issued to Noble Energy a certificate of compliance to the SEMS (Safety and Environmental Systems) standard, which represents the highest criteria for safe operations of offshore drilling platforms.
The latest bout of bad news for Israel’s natural gas extraction plans may turn out to be a boon for energy explorers.
Partners in Israel’s largest offshore gas field say a court ruling that blocked the government’s proposal to regulate the natural gas industry won’t derail their development plans. The nation’s oil and gas stock index sank.
Israel’s High Court struck down the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that blocked plans to develop the country’s largest field and conclude export deals.
Sound Energy has announced signature of a Memorandum of Understanding (MOU) for the rig meant for the forthcoming Badile exploration well.
Eni’s discovery of supergiant Zohr field has changed the energy landscape of the region, prodding stagnant E&P developments in Israel, Cyprus and Greece.
Noble Energy was notified Thursday that the government of Israel acted to implement the Natural Gas Framework through execution of Section 52 of the Restrictive Trade Practices Act. Execution of Section 52 resolves and provides exemption from claims of the Anti-trust Authority with respect to the Leviathan joint venture partners' acquisition of petroleum rights in the underlying permits.
The Egyptian Government ordered its oil and gas arms to freeze talks on importing Israeli natural gas after an international arbitration court ordered the Arab world’s most populous nation to pay a fine of almost $1.73 B to Israel.
Noble Energy, Inc., announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International.
Genie Energy says preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of oil and gas within its exploratory license area.
TEL AVIV -- An Israeli energy company has reported a major oil discovery in the Golan Heights.