Eastern Mediterranean

News
June 20, 2024
This sale enables Energean to rationalize the portfolio and focus on its gas-weighted, gas development strategy, underpinned by the Karish Field in Israel and recent farm-in to the Anchois field in Morocco.
News
June 03, 2024
After opening the well, Zion will implement cutting-edge technologies and innovative stimulation techniques on the MJ-01 well to potentially unlock oil and gas flows in both previously and newly identified zones of interest.
News
May 01, 2024
The two leaders discussed a shared fast-track approach that allows the appraisal well to be drilled while evaluating multiple development scenarios.
News
April 14, 2024
Trading resumed at 6pm New York time on Sunday. The risk of a direct Iranian attack on Israel was already at least partly priced in — benchmark Brent crude, up 17% so far this year, passed $90 a bbl after the strike on Iran’s embassy.
News
March 13, 2024
The NewMed deal would have extended bp’s presence in the eastern Mediterranean while marking ADNOC’s first foray into the region. The two companies continue to work on other projects together, having last month said they would form a joint venture in Egypt focusing on natural gas.
News
February 29, 2024
The Energean Power FPSO now has four production wells in operation, increasing well stock redundancy and flexibility to meet the demand requirements of Energean’s natural gas buyers.
News
February 22, 2024
PGS is awarded a 3D project in the Mediterranean for a major energy company. The Ramform Hyperion is scheduled to start the survey early March and the project has a total duration of approximately 30 days.
News
February 19, 2024
Chevron will increase natural gas production to as much as 1.6 Bcfd, up from the 1 Bcfd the Tamar field usually produces.
News
February 15, 2024
Together with an extensive data acquisition, Cronos-2 underwent a full and prolonged production test that proved the excellent natural gas gas deliverability capacity of the discovery.
News
November 14, 2023
Imports are expected to rise to 650 MMcfd on Thursday, and to the normal level of 800 MMcfd early next week, from about 250 MMcfd earlier in November, the person said, asking not to be named because the information isn’t public.
News
November 13, 2023
Chevron Corp. has started supplies to local customers in Israel and the region from its Tamar natural gas field, the company said Monday. The field was closed last month on safety concerns following Hamas’s Oct. 7 attack on Israel.
News
November 07, 2023
The Ramform Titan is scheduled to mobilize for the survey in December, and the exploration contract has a total duration of approximately 160 days.
News
November 03, 2023
The giant offshore Leviathan field is exporting the fuel after another Israeli field, Karish, returned from an outage, allowing domestic demand to be met, said people familiar with the matter, who asked not to be named because the information isn’t public.
News
November 01, 2023
The company hasn’t changed its mind on expansion, in particular, at its giant Leviathan field, which has helped Israel gain energy independence and turn into an exporter of the vital fuel, Colin Parfitt, Chevron’s Vice President for Midstream, said in an interview in London.
Article
October 2023
Upstream situation in Eastern Mediterranean deteriorates
News
October 30, 2023
The halt in the gas imports appears linked a decision earlier this month by Israeli authorities to shut down the offshore Tamar gas field amid concerns it could be impacted by the fighting between its military and Hamas in the Gaza Strip.
News
October 29, 2023
Crude was trading on Friday when Israel stepped up ground operations, and West Texas Intermediate surged as much as 3.2% to trade above $85 a bbl.
News
October 20, 2023
War in the Middle East could cause the oil price to surge to $140 a bbl and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.
News
October 18, 2023
CEO Mike Sommers acknowledged the parallels between the 1973 crisis in the Middle East that led to the embargo and the crisis unfolding today, expressing strong support for President Biden’s opposition to Hamas-led terrorism and reiterating the need for American leadership on the global stage.
News
October 18, 2023
While Israel’s oil imports are small in the context of global supply and little comes from the Middle East, the comments were significant in that they marked verbal escalation over the war between Israel and Hamas, which is considered a terrorist organization by the U.S. and European Union.
News
October 17, 2023
Oil steadied as the U.S. intensified diplomatic efforts to contain the crisis in Gaza, with President Joe Biden slated to visit Israel this week to try to prevent a regional conflagration.
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