Eastern Mediterranean ///

Looking for hydrocarbons offshore western and southern Greece

Mari M. Schjeldsøe Berg

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.

Energean completes appraisal well operations and extends drilling program

Energean plc announced that it has extended its growth drilling program by exercising its options to drill two further wells with Stena Drilling Limited and to provide an update on the initial results of the KM-04 appraisal well.

Saitec to install floating wind energy project in Mediterranean Sea

The Spanish engineering company Saitec has announced its interest in developing a pre-commercial pilot park with 5 units and a total potential of 50MW in the Mediterranean Sea in 2025.

Romania plans to spur offshore gas output with tax tweaks

Romania is moving ahead with a plan to unlock stalled natural gas projects in the Black Sea as Europe searches for new energy resources to cut reliance on Russia following its invasion of Ukraine.

U.S. backs Mediterranean power projects to meet Europe’s energy needs

The U.S. is backing natural gas and low-carbon power sources as it seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region.

Chevron eyes subsea pipelines to send Israeli gas to Egypt

The partners in the Leviathan and Tamar fields, which sit off Israel’s Mediterranean coast, signed an agreement under which Israel Natural Gas Lines Ltd. will lay a new subsea pipeline and expand some of its existing ones, according to a statement Tuesday from Delek Drilling LP, a shareholder in both reservoirs.

Turkey and Greece to meet over Mediterranean energy disputes

The announcement comes just weeks after the European Union pledged to expand the number of Turkish officials sanctioned over the country’s energy exploration in the disputed waters of the eastern Mediterranean Sea.

Egypt taps Exxon, Chevron for billion-dollar offshore exploration program

This deal, plus more to be announced, target drilling 23 wells in nine regions in the Mediterranean and three regions in the Red Sea, with a minimum total investment seen at $1.4 billion.

EMGC 2019 to deliver updates, outlooks from Eastern Mediterranean operators

Emily Querubin

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

Offshore in Depth

Ron Bitto

Operators accept risks of Mediterranean gas development

EMGC to focus on region’s growth, maturation

Emily Querubin

Situated in the Eastern Mediterranean Sea, just south of Turkey, the island nation of Cyprus will once again host the Eastern Mediterranean Gas Conference (EMGC), now in its fifth year.

World of Oil & Gas

Emily Querubin

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

2018: The best [or worst] year ever?

Regional Report: Eastern Mediterranean

Emily Querubin

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

Iranian missiles used in Yemen’s latest Aramco attack, says Saudi Arabia

“All of the missiles and drones that came into Saudi are Iranian-manufactured or Iranian-supplied,” Adel Al-Jubeir, minister of state for foreign affairs, said in an interview with Arab News published Friday afternoon. “Several of them, as we’ve said, came from the north; several came from the sea.”

Oil prices fall nearly 10% on renewed demand concerns

Futures have backtracked since Brent rallied above $71 a barrel and U.S. crude topped $67 earlier this month. China has muted its buying, touching off physical-market weakness in Asia, and a shaky Covid-19 vaccine rollout in parts of the world spells trouble for a complete demand recovery in the short term.

Israel calls oil spill an act of ‘environmental terrorism’ by Iran

A Libyan ship that sailed from Iran dumped oil into the sea off the coast of Israel in early February, Israel's Minister of Environmental Protection Gila Gamliel told reporters on Wednesday.

Energean proposes $500MM carbon storage facility in northern Greece

The project would be the first of its kind in the Mediterranean, Energean CEO Matthaios Rigas said at a conference Wednesday.

Israel and Egypt discuss natural gas pipeline link

The announcement comes as nations in the eastern Mediterranean ramp up investments in offshore gas fields. Egypt is seeking to become a major hub for exporting LNG to Europe, where demand is growing as governments transition from dirtier fossil fuels such as coal and oil.

Energean takes on $170M offshore Israel gas exploration plan

Energean sees potential to find about 110 billion cubic meters of gas that it could sell over the next 10-20 years, doubling the company's current reserves in Israel.

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