Eastern Mediterranean ///

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.

What's New in Exploration

William (Bill) Head, Contributing Editor

2018: The best [or worst] year ever?

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.

Condor Petroleum reports first gas at Poyraz Ridge field, in Turkey

Condor Petroleum Inc., a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan, is pleased to announce that natural gas production has commenced at the Company’s 100% owned and operated Poyraz Ridge field in Turkey.

Eni's giant Zohr gas field starts production in Egypt

Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency.

Total, Eni, Novatek win first Lebanon offshore licenses

Lebanon granted its first offshore energy rights to a group comprising Total SA, Eni SpA and Novatek PJSC, joining a regional race to find and develop oil and natural gas wealth in the eastern Mediterranean after years of delay.

Energean said to seek $1.2-billion loan for Israeli gas

Energean Oil & Gas SA is trying to raise about $1.2 billion of loans to develop two natural gas fields off the coast of Israel, according to people familiar with the matter.

Energean awarded five exploration licences, offshore Israel

Energean Oil & Gas has announced that Energean Israel has been awarded five offshore exploration licenses within the Israeli Exclusive Economic Zone (EEZ) by the Israeli Petroleum Commissioner following a recommendation by the Petroleum Council.

Egypt sees pilot production at Eni's Zohr gas field in just days

Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year.

Energean signs further gas sales contracts, moves closer to FID for Karish and Tanin fields

Energean Oil & Gas has announced that Energean Israel has signed further Gas Sales and Purchase Agreements (GSPAs) for natural gas supply from Karish and Tanin fields, offshore Israel.

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.