March 14, 2022
Energean announced a step in the continued development of its Israeli natural gas operations, signing a supply agreement with the Israel Electric Company, the largest Israeli buyer of natural gas.
November 16, 2021
Israel should cancel the oil pipeline deal with a group of United Arab Emirates investors out of environmental concerns, the country’s minister of energy said, casting doubt over a politically-sensitive agreement that tests new diplomatic relations.
October 15, 2021
Israel said it’s unlikely to expand natural-gas exports even as countries across Europe clamor for more supply amid a severe energy crunch.
July 12, 2021
Israel Shipyards Ltd. announced its agreement with Chevron (Noble Energy Mediterranean Ltd.) for performance of a 16-month coating program for its Offshore and Onshore assets.
March 19, 2021
“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.”
March 18, 2021
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.
March 03, 2021
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.
February 20, 2021
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.
February 11, 2021
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.
January 20, 2021
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.
September 22, 2020
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.
September 02, 2020
Zion’s Israeli operations have completed setting the MJ02 conductor pipe to a depth of 110 feet. Cellar construction and additional engineering work continue on the pad site in preparation of the rig arrival and spud. Zion will use the same pad site as the MJ#1 well, saving valuable time and significant expense.
January 16, 2020
Turkey will issue new exploration licenses in the eastern Mediterranean now that it’s set a maritime border with Libya, President Recep Tayyip Erdogan said Thursday, a step liable to exacerbate strains with Greece and the European Union.
January 15, 2020
Egypt began receiving natural gas from Israel, enacting a deal initially worth $15 billion that’s part of the North African country’s plan to become an energy re-export hub on Europe’s doorstep. Israeli gas stocks rose.
During a recent visit to Houston, Israel’s chief geologist, Dr. Michael (Miki) Gardosh, who operates within the Ministry of Energy, visited with World Oil Editor-in-Chief Kurt Abraham, providing an update on the country’s E&P sector. Activity remains solid offshore, buoyed by a current bidding round, and there also is some renewed interest onshore.
The Eastern Mediterranean Gas Conference (EMGC) is gearing up for another must-attend event in Cyprus.
March 23, 2018
Energean Oil & Gas PLC has announced that its board of directors has approved the Final Investment Decision (FID) to proceed with the $1.6-billion Karish & Tanin Development Project, offshore Israel.
March 22, 2018
Royal Dutch Shell Plc is weighing a 15-year contract to buy natural gas for its liquefied natural gas plant in Egypt from offshore fields in Cyprus and Israel.
March 14, 2018
Noble Energy, Inc. has announced the closing of the previously announced divestment of a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd.