Eastern Mediterranean ///

Eastern Mediterranean Gas Conference 2018 highlights development in Zohr field

More than 150 of the industry’s top executives, government officials, and regional experts met in Nicosia, Cyprus this week to discuss and share their perspectives on energy development in Cyprus and the Eastern Med. The region’s key leaders, involved in determining the natural gas policies of the Eastern Med, attended EMGC for two-days of in-depth discussions on the region’s latest developments, challenges and opportunities.

Energean takes FID on Karish and Tanin gas project, offshore Israel

Energean Oil & Gas PLC has announced that its board of directors has approved the Final Investment Decision (FID) to proceed with the $1.6-billion Karish & Tanin Development Project, offshore Israel.

EMGC '18: Cyprus to import gas via FSRU to meet EU GHG targets

Day 2 of Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC 2018) in Cyprus kicked off with a keynote presentation by Dr. Symeon Kassianides, chairman of The Natural Gas Public Co. (DEFA) of Cyprus.

Shell mulls 15-year deal for Israeli, Cypriot gas, partner says

Royal Dutch Shell Plc is weighing a 15-year contract to buy natural gas for its liquefied natural gas plant in Egypt from offshore fields in Cyprus and Israel.

EMGC '18: Eni Chief sees rapid development of Eastern Med gas with Zohr

Opening Day 1 of Gulf Publishing Company's fifth annual Eastern Mediterranean Gas Conference (EMGC) on March 21 was Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism for the Republic of Cyprus.

Mubadala Petroleum acquires 10% stake in Egypt's Shorouk Concession

Mubadala Petroleum and Italy’s Eni signed an agreement to purchase a 10% stake in the Egyptian Shorouk Concession.

Strategic opportunities for growth, expansion to be discussed at upcoming EMGC conference

Gulf Publishing Company is pleased to announce that the Eastern Mediterranean Gas Conference (EMGC) will return to the Hilton Cyprus, in Nicosia, Cyprus, on March 21-22, 2018.

Egypt resolving dispute, holding up $15-billion Israel gas deal

Egypt said it was settling financial disputes with an Israeli electricity company and a key pipeline operator to turn a $15-billion deal to import gas from the Jewish state into reality.

Schlumberger wins engineering, supply contract for Noble Energy's Leviathan platform

Schlumberger today announced the award by Noble Energy of an engineering and supply contract for a 2,000-ton single-lift process module to be installed on the Leviathan platform in the Eastern Mediterranean.

Cyprus sees gas deal with Egypt as Cairo weighs Israeli supply

Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub after the startup of the giant offshore Zohr field.

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.

Zion Oil & Gas encounters oil onshore Israel

Zion Oil & 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.

Total-led consortium enters Lebanon with two deepwater E&P contracts

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, covering Blocks 4 and 9, located in the deep waters offshore Lebanon.

Eni reports "Zohr like" discovery offshore Cyprus

Eni has made a lean gas discovery in Block 6, offshore Cyprus with Calypso 1 NFW.

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.

Energean signs $180-million senior facility agreement to develop Prinos basin

Energean Oil & Gas has announced that it has signed a reserves-based senior facility agreement, amounting to $180 million.

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 & Gas is pleased to announce that Energean Israel has signed a contract with Stena Drilling for the development drilling of Karish field, offshore Israel.

Cyprus receives €101MM grant for FSRU project

Connecting Europe announced on Jan. 25 that it will support the introduction of natural gas in Cyprus through the CyprusGas2EU project (EU support of €101 MM).

World of Oil & Gas

Emily Querubin, World Oil

Alongside its partners, Petoro (30%) and Spirit Energy (20%), Wintershall (50%) announced the start of production at Maria field.