Greece ///

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.

Regional Report: Eastern Mediterranean

Emily Querubin, World Oil

Eastern Mediterranean region are beginning to increase E&P activity and were able to bring several key projects on stream in 2017.

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 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.

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.

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.

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.

Energean secures exploitation license for West Katakolon, offshore Western Greece

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.

Statoil awards Archer two-year contract extension

Archer Limited announced a two-year extension of its contract for platform drilling services, as Statoil exercises the first option following the original four-year contract, with two additional two-year extension options remaining.

Regional Report: Eastern Mediterranean

Pramod Kulkarni, World Oil

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.

Ruble weakens as oil drop offsets Greek deal

The ruble weakened for the first time in three days as declining prices for crude, Russia’s main export earner, offset investor optimism after Greece reached a deal with creditors.

Oil falls most in five months as Greece, China boost demand risk

Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia.

Russia clinches Greece accord to build gas pipeline to Europe

Russia signed a preliminary agreement on building a natural-gas pipeline through Greece, a deal that signals strengthening ties between the countries as the crisis-stricken government in Athens is increasingly isolated from the rest of Europe.

Looking for hydrocarbons offshore western and southern Greece

Mari M. Schjeldsøe Berg, Petroleum Geo-Services (PGS)

Exploration in western and southern Greece is moving offshore, and the Second Offshore Licensing Round was opened in second-half 2014. Seismic data will improve, as will understanding of this complex region.