News
March 17, 2025
Azerbaijan is set to sign agreements to explore for natural gas in Israeli waters, highlighting a key strategic alliance between the two countries amid turbulence in the region. A consortium of Azeri state company Socar, bp Plc and Israel鈥檚 NewMed Energy LP will get the right to explore in one offshore block.
News
February 18, 2025
Zion Oil & Gas announced a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion鈥檚 ongoing efforts to unlock Israel鈥檚 onshore energy potential.
News
January 02, 2025
Trillion Energy has announced the continuation of the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November.
News
December 31, 2024
Subsea7 announced the award of a sizeable1 contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea.
News
October 29, 2024
(Bloomberg) 鈥 Israel refrained from striking Iran鈥檚 energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing, and turning many traders' options bets worthless
News
October 22, 2024
(WO) 鈥 Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement.
News
October 21, 2024
TDI-Brooks has successfully completed its fifth geotechnical investigation for DenAr Ocean Engineering S.A. The RV Nautilus was dispatched to the Black Sea from the U.S. East Coast to facilitate this operation.
News
October 17, 2024
In response to rising tensions in the Middle East, Rystad Energy is sharing analysis from its local team on the potential implications for the region鈥榮 upstream sector and the global oil and gas market.
News
October 16, 2024
MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to form a strategic partnership for hydrocarbon exploration and production.
News
September 02, 2024
Shell will sell Turkey鈥檚 state-owned Botas the equivalent of around 4 Bcmg per year starting in 2027, Energy Minister Alparslan Bayraktar said at a signing ceremony in Ankara. That鈥檚 about 8% of the country鈥檚 total gas demand in 2023, data from the national energy regulator show.
News
July 23, 2024
Energean plc has taken Final Investment Decision (鈥淔ID鈥) for the Katlan development project offshore Israel. The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO.
News
July 18, 2024
The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI鈩 execution model for both of these developments.
News
June 26, 2024
The Leviathan gas field offshore Israel 鈥 touted as the largest gas field in the Mediterranean- is set for an expansion in natural gas export capacity, following preliminary approval from Israel鈥檚 Energy Ministry. The approval allows for an increase in export volume by up to 145 Bcm.
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 鈥 benchmark Brent crude, up 17% so far this year, passed $90 a bbl after the strike on Iran鈥檚 embassy.
News
March 13, 2024
The NewMed deal would have extended bp鈥檚 presence in the eastern Mediterranean while marking ADNOC鈥檚 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鈥檚 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.