Eastern Mediterranean ///

EU to cut flow of funds to Turkey as drilling spat heats up

The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean.

Cyprus ghost town becomes pawn in drilling dispute with Turkey

A ghost town in Cyprus’s Turkish-controlled north has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore.

Turkey mulls deployment of Russian missile near gas exploration zone

Turkey is considering deploying a Russian missile-defense system along the country’s southern coast, near where its warships are accompanying vessels exploring for energy, according to four people with knowledge of the deliberations.

Israel agrees to U.S.-mediated maritime talks with Lebanon

Israel is willing to enter U.S.-mediated talks with Lebanon on setting a maritime border, the Energy Ministry said today.

Investor group to place $10 billion bet on East Med gas

An investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock sales stymied by the political and industrial complexities of the region.

Energean reports >1 Tcfg discovery at Karish North

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.

Energean has completed extended reach well in Greece

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce successful completion of drilling operations of the extended reach well, EA-H3.

Energean commences drilling campaign in Israel

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, has announced that it has commenced its 2019 drilling program in Israel.

ExxonMobil makes 5 Tcf natural gas discovery offshore Cyprus

ExxonMobil has said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

Croatia's Krpan touts new bidding rounds as means to boost output

During the recent North American Prospect Expo (NAPE) held in Houston, the president of the Croatian Hydrocarbon Agency (CHA), Marijan Krpan, visited with World Oil about the steps his government is taking, to improve the country’s oil and gas production. Key among these are two new licensing rounds, one to close in June 2019, and the other to finish in September 2019.

Lukoil's 2018 proved reserves totaled 101%

Lukoil (hereinafter the company) announces the results of the reserves assessment and independent audit as of Dec. 31, 2018.

5 Reasons you should attend EMGC 2019

The 6th Eastern Mediterranean Gas Conference (EMGC) takes place in Nicosia, Cyprus March 6-7, 2019

EMGC 2019 to deliver updates, outlooks from Eastern Mediterranean operators

Emily Querubin, World Oil

The Eastern Mediterranean Gas Conference (EMGC) is gearing up for another must-attend event in Cyprus.

Zion moves forward with seismic campaign in Israel, as previously outlined

Zion Oil and Gas confirmed today that it will move forward with the operational plan in Israel that the firm outlined previously in its Nov. 29, 2018, press release.

Rockhopper Exploration progresses in the North Falkland, Greater Mediterranean

Rockhopper has made progress in many areas of interest, with plans for further growth in 2019.

Halliburton President and CEO Jeff Miller appointed as chairman of the board

Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.

Gazprom and Itochu sign Memorandum of Understanding on Baltic LNG project

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, president and CEO of Itochu Corporation, took place in St. Petersburg.

Jumbo wins transportation and installation contract for the Leviathan development

Technip is preparing for a project, including a subsea production system connecting high-rate subsea wells to a fixed platform, located approximately 6.21 mi offshore Israel.

Lukoil drilled its second well in Yury Kochagin field

PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.

ExxonMobil drillship on location - Cyprus Block 10

The Stena Icemax drillship has arrived on location in Cyprus’ offshore Block 10, and is preparing to bore down into the seabed, Energy Minister Giorgos Lakkotrypis said, early this week.