News
May 19, 2023
"Our preparations for the re-entry of the Megiddo-Jezreel #1 well (MJ-01) are underway, and we are excited about the potential for success by utilizing new perforation methods," said Rob Dunn, CEO of Zion Oil & Gas.
News
March 28, 2023
The move will deepen BP鈥檚 presence in the eastern Mediterranean and mark ADNOC鈥檚 first venture into the region, which has seen several major gas finds in the past 15 years and attracted billions of dollars of investment from energy firms.
News
March 13, 2023
Zion Oil and Gas is steadily moving forward with operational plans in anticipation of the new license being granted very soon. The company鈥檚 most recent updates have alluded to its intentions of re-entering the MJ-1 well.
News
February 14, 2023
Trillion Energy International Inc. has begun drilling its West Akcakcoa-1 well at the SASB gas field offshore Turkey. In late 2022, Trillion Energy drilled a 1,008 m of surface hole. Due to equipment delays to the company鈥檚 Guluc-2 well, Trillion has decided to focus on reaching total depth at the WA-1 well.
News
February 14, 2023
While the country began sending natural gas abroad several years ago, its oil production has never been significant. The Karish deposit in the eastern Mediterranean Sea is Energean鈥檚 flagship project and has been pumping gas since last year.
News
January 30, 2023
The partnership marks QatarEnergy鈥檚 first exploration endeavor in Lebanon and confirms exploratory basin interests in the Eastern Mediterranean. Eni and TotalEnergies will hold a 35% interest after the transfer.
News
December 22, 2022
Trillion鈥檚 49% share of gas sales from South Akcakoca-2 and Akcakoca-3, before royalties for November 2022, was $1,412,073. Based on the first 15 days of December gas production for both wells, gas revenue for December will be about $2.1 million.
News
December 21, 2022
The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the area鈥檚 promising outlook and development.
News
November 15, 2022
TotalEnergies SE and Eni SpA are preparing to explore for natural gas in previously contested waters off the coasts of Lebanon and Israel, following last month鈥檚 accord between the two nations.
News
October 27, 2022
Lebanon and Israel have signed a U.S.-brokered deal that ends a dispute over gas-rich waters in the Mediterranean, paving the way for the development of energy resources.
News
October 03, 2022
American operator Zion Oil and Gas continues to be optimistic about a wildcat well it has drilled onshore Israel.
Article
September 2022
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
News
June 20, 2022
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.
News
June 02, 2022
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.
News
May 31, 2022
Iran鈥檚 seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from a region that鈥檚 a vital source of global energy supplies.
News
May 27, 2022
Iranian forces seized two Greek oil tankers in the Persian Gulf in apparent retaliation for the detention of vessel off the coast of Greece.
News
April 15, 2022
Russian tanker operator Sovcomflot PJSC is set to close its Cyprus-based payment center as a result of sanctions imposed on Russia for its invasion of Ukraine, according to people familiar with the matter.
News
April 15, 2022
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.
News
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.
News
January 10, 2022
The U.S. is backing natural gas and low-carbon power sources as it seeks to improve the eastern Mediterranean鈥檚 energy ties to Europe and promote stability in the region.
News
December 02, 2021
Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of Exxon Mobil and Qatar Petroleum.