Eastern Mediterranean ///

Eni's giant gas field prompts Egypt to end imports in 2018

Egypt will stop importing liquefied natural gas in 2018 and may eventually export gas after it starts producing this year at the giant Eni SpA-operated Zohr field off the country’s Mediterranean coast, Oil Minister Tarek El-Molla said.

ADES, Vantage Drilling form JV to provide deepwater drilling services in Egypt

ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has announced that its subsidiary ADES S.A.E has entered into a long-term joint venture (JV) agreement with a subsidiary of Vantage Drilling International.

IEA welcomes Greece's progress with energy sector reform

Greece has made noticeable progress with its energy-sector reforms in recent years. The country moved forward on plans to restructure state-owned companies and liberalize electricity and gas markets, an impressive program that will lead to more competitive and financially viable energy markets offering choices and low prices to consumers, according to the International Energy Agency's latest in-depth review of Greece's energy policies.

Energean signs additional sales, purchase agreements for gas supply from Karish and Tanin fields

Energean Oil & Gas has announced that Energean Israel has signed three new Gas Sales and Purchase Agreements (GSPAs) with Dorad Energy Ltd., and with Ramat Negev Energy Ltd. and Ashdod Energy Ltd., both subsidiaries of the Edeltech Group, for natural gas supply from Karish and Tanin fields, offshore Israel.

Egypt calls for less LNG in tender as domestic gas boost looms

Egypt is paring down its requests for liquefied natural gas.

Rosneft acquires stake in giant Zohr field for $1.125 billion

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A.

Baker Hughes awarded subsea contract for Zohr gas field, offshore Egypt

In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas field situated in the Mediterranean Sea.

Energean receives approval to develop Katakolo field in Western Greece

Energean Oil & 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.

Energean recieves FDP approval for Karish and Tanin fields, offshore Israel

Energean Oil & Gas has announced that its subsidiary, Energean Israel, a 50/50 JV between Energean and Kerogen Capital, has received approval from the Israeli Petroleum Commissioner for its Field Development Plan (FDP) for the development of the Karish and Tanin natural gas fields, offshore Israel.

Ensco drillship wins contract with Noble Energy in Mediterranean Sea

Ensco plc announced today that the ultra-deepwater drillship ENSCO DS-7 has been awarded a contract by Noble Energy to drill two wells and complete four production wells at the Leviathan field development in the Mediterranean Sea.

Shell said to mull buying Israel, Cyprus gas for Egypt plant

Royal Dutch Shell Plc is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub.

Saipem secures $900-million contract for EPCI activities at Zohr field

Saipem and Petrobel have finalized offshore contract variations worth $900 million for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimized Ramp Up” phase of the giant Zohr field development project, situated in the Mediterranean Sea off the Egyptian coast.

Turkish Prime Minister warns Cyprus of "untimely and dangerous" energy moves

Turkish Prime Minister Binali Yildirim on Thursday warned Cyprus its moves to explore for energy around the eastern Mediterranean were "untimely and dangerous," adding that Ankara would continue to protect the rights and interests of Turkish Cypriots.

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.

Cyprus to push ahead with energy plans despite challenges

Cyprus will push ahead with its oil and gas development plans despite potential setbacks, including the decades-long Cyprus conflict, its energy minister said on Thursday.

Energean submits FDP for Karish and Tanin gas fields, offshore Israel

Energean Oil & Gas has announced that its subsidiary, Energean Israel, has submitted the Field Development Plan (FDP) for the Karish and Tanin natural gas fields, offshore Israel, to the Israeli Petroleum Commissioner.

Condor Petroleum begins drilling Yakamoz-1 exploration well in Turkey

Condor Petroleum Inc., has announced that drilling has commenced on the Yakamoz-1 exploration well, which is located 2 km north of the Company’s 100% owned and operated Poyraz Ridge gas field in Turkey.

UTEC secures contract win with Saipem for support of Zohr field

UTEC, a leading global survey company in subsea services group Acteon, has been awarded a contract with world leading subsea construction company Saipem to support its operations as part of the Zohr Field Development Project.

Saipem secures $230-million in drilling contracts in Mozambique, the Black Sea and the Mediterranean

Saipem and Eni have signed a contract for offshore drilling activity in Mozambique, utilizing the drillship Saipem 12000. In addition to this contract, which will allow the Company to participate in the development of the Coral field, Saipem has been awarded other offshore drilling contracts.

Greece's Energean signs first deal to supply gas to Israel

Energean Oil & 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.