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.
News
November 16, 2021
Israel should cancel the oil pipeline deal with a group of United Arab Emirates investors out of environmental concerns, the country鈥檚 minister of energy said, casting doubt over a politically-sensitive agreement that tests new diplomatic relations.
News
October 15, 2021
Turkish Petroleum has awarded Schlumberger a significant contract for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey鈥檚 largest gas reserve.
News
October 15, 2021
Israel said it鈥檚 unlikely to expand natural-gas exports even as countries across Europe clamor for more supply amid a severe energy crunch.
News
September 27, 2021
A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey鈥檚 domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Donmez said, unveiling details of his ambitious timeline to bring last year鈥檚 find on stream.
News
September 16, 2021
Halliburton will collaborate with Energean to economically and safely deliver exploration, appraisal, and development wells offshore Israel.
News
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.
News
June 04, 2021
Turkish President Recep Tayyip Erdogan announced that state energy company Tpao has found 135 billion cubic meters of gas at the Amasra-1 offshore well, bringing the total amount of deposits discovered in the Black Sea over the past year to 540 billion cubic meters.
News
June 03, 2021
Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon.
News
June 01, 2021
鈥淲hen you consider the 20-gigawatt target we鈥檝e laid out until 2025, it鈥檚 a significant move forward,鈥 Dev Sanyal, BP鈥檚 head of gas and low-carbon energy, said in an interview.
News
May 12, 2021
Rising global oil prices are translating into shortages at the pump in cash-strapped Lebanon, with motorists lining up for hours to fill their tanks in the latest blow to living standards in the Middle Eastern nation.
News
March 19, 2021
鈥淎ll of the missiles and drones that came into Saudi are Iranian-manufactured or Iranian-supplied,鈥 Adel Al-Jubeir, minister of state for foreign affairs, said in an interview with Arab News published Friday afternoon. 鈥淪everal of them, as we鈥檝e said, came from the north; several came from the sea.鈥
News
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.
News
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.
News
February 25, 2021
The project would be the first of its kind in the Mediterranean, Energean CEO Matthaios Rigas said at a conference Wednesday.
News
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.
News
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.
News
January 20, 2021
The partners in the Leviathan and Tamar fields, which sit off Israel鈥檚 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.
News
January 12, 2021
The announcement comes just weeks after the European Union pledged to expand the number of Turkish officials sanctioned over the country鈥檚 energy exploration in the disputed waters of the eastern Mediterranean Sea.
News
January 01, 2021
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.
News
November 26, 2020
European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it鈥檚 in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic.