WorldOil Energean signs $180-million senior facility agreement to develop Prinos basin Energean Oil and Gas has announced that it has signed a reserves-based senior facility agreement, amounting to $180 million. Regional Report: Eastern Mediterranean Eastern Mediterranean region are beginning to increase EandP 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 and 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 and 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 and 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 and Gas, an independent oil and gas EandP 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.