Eastern Mediterranean ///

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.

Energean signs lease agreement for Aitoloakarnania block, onshore western Greece

Energean Oil & Gas has announced that it has signed a lease agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore western Greece.

Turkey sees no need for Cyprus to approve Israel gas pipeline

A Turkey-Israel gas pipeline deal could be built through Cyprus’ economic waters even without Cypriot consent, a Turkish official said, dismissing what some experts see as a key obstacle to an energy deal between the two Mediterranean countries.

Trendsetter Engineering awarded contracts for Noble’s Leviathan field

Trendsetter Engineering, Inc. is thrilled to announce the recent award of multiple contracts to design and manufacture subsea production equipment for Noble Energy’s Leviathan Project, a large natural gas field development in the Eastern Mediterranean Sea off the coast of Israel.

Qatar Petroleum, Exxon Mobil sign E&P PSA contract with Cyprus

DOHA -- Qatar Petroleum and Exxon Mobil signed an exploration and production sharing contract with the government of the Republic of Cyprus for offshore Block 10.

EMGC '17: Establishment of EEZs would help to expedite Eastern Med gas exports

In the last portion of EMGC Day 2, options for regional gas ownership and export were discussed. Gina Cohen, gas consultant on the Eastern Mediterranean, shared her perspective on energizing regional economic, business and political relationships.

EMGC '17: Prospects for accelerating gas trade and regional energy cooperation

In the fourth session of the day, there was a focus on accelerating efforts to ramp up gas trade in the Eastern Med. Charles Ellinas, CEO of E-C Natural Hydrocarbons Co. Ltd., first spoke about the impact of global markets and prices on the Eastern Med.

EMGC '17: Eye on Cyprus—doing business on an island nation

In the second session of the morning, George Pantelides, partner and head of Consulting Services at Deloitte, next offered strategies for operators and service companies to overcome the challenges of operating in Cyprus.

EMGC '17: Forecasting prosperity to predict global energy demand

Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC) 2017, the world's primary event for discussing the forces shaping gas industry development in the Eastern Med, continued on March 15.

EMGC '17: Eastern Med gas monetization demands regional cooperation

NICOSIA -- Sessions devoted to gas monetization options and foreign investment initiatives dominated the afternoon of the first day of Gulf Publishing Company's fourth Eastern Mediterranean Gas Conference (EMGC) 2017, March 14.

EMGC '17: Execs outline gas prospects for Cyprus, Lebanon, Israel

Stelios Nicolaides, Director of Hydrocarbons Service for the Republic of Cyprus' Ministry of Energy, Commerce, Industry and Tourism delivered welcoming remarks on behalf of George Lakkotrypis, Minister of Cyprus' Ministry of Energy, Commerce, Industry and Tourism.

EMGC '17: Eni chief shares invigorating projections for Eastern Med gas

Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC) 2017, the fourth incarnation of the world's primary event for discussing the forces shaping gas industry development in the Eastern Mediterranean, opened on March 14.

CERAWeek `17: Israel’s energy minister discusses prospects for Levant basin

Israel’s Energy Minister, Dr. Yuval Steinitz, outlined the changing regional dynamics, and his country’s emerging role as a natural gas producer and exporter, during a strategic dialogue held Wednesday at the 2017 CERAWeek conference in Houston.

Eni finalizes farm-in agreement with Total, acquiring interest offshore Cyprus

Eni announces that has finalized a farm-in agreement with Total to acquire 50% participating interest of Block 11, offshore Cyprus.

Leviathan partners ratify $3.75-billion gas-development plan

The companies that own the rights to Leviathan, Israel’s largest natural gas reservoir, approved a plan to allocate $3.75 billion to develop the offshore site. Israel’s main gas equity index rose the most in almost five months.

Noble, Barclays said to work on $1 billion Tamar stake sale

Noble Energy Inc. is working with Barclays Plc on the sale of a 7.5% stake in the offshore Tamar natural gas field, according to people with knowledge of the matter.