Eastern Mediterranean ///
The Petroleum Council of Israel has announced its approval of the acquisition of 100% of the Karish and Tanin natural gas fields by Energean Oil & Gas from Delek Drilling and Avner.
While Israel is not able to currently meet their energy needs domestically, few companies are well positioned to take advantage of the demand for energy. One such company is Zion Oil & Gas.
The Greek Ministry of Energy and Energean Oil & Gas, an independent oil and gas E&P 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.
The partners owning rights to Leviathan, Israel’s largest natural gas deposit, signed a $700-million contract to supply gas to Paz Oil Co., as arrangements to finance the project are nearing completion.
The companies that own the rights to Israel’s largest natural gas pool are close to securing the $4-billion financing needed to develop the field, according to the CEO of one of the partners.
Hundreds of Jordanians took to the streets of Amman on Friday to protest a $10-billion gas deal recently reached between Natural Electric Power Co. (NEPCO) of Jordan and partners in Israel’s Leviathan field.
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.