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.
News
November 20, 2020
Turkish Cypriots and Cyprus have been at loggerheads over offshore gas reserves in disputed waters. Cyprus has been pushing other EU states to expand a blacklist against Turkey over its natural-gas exploration in the eastern Mediterranean. Other governments including Germany were wary of provoking Turkey.
News
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.
News
September 02, 2020
Zion鈥檚 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.
News
August 25, 2020
German Foreign Minister Heiko Maas urged Greece and Turkey to restart talks over their competing claims to economic sovereignty in contested waters of the eastern Mediterranean as he visits the NATO allies on Tuesday.
News
August 21, 2020
鈥淭urkey is a premium gas market, which has never been significant on a global scale. The discovery really reinforces the country鈥檚 potential role as an energy producer in the region,鈥 said Ashley Sherman, principal analyst on Caspian and Europe upstream at Wood Mackenzie.
News
August 18, 2020
Ankara resumed its search of the contested waters last week after German-mediated negotiations with Greece collapsed when Athens announced a maritime delimitation agreement with Egypt on Aug. 6 in retaliation to a similar deal between Turkey and Libya.
News
July 28, 2020
Ankara is seeking a discussion with Athens about issues surrounding the countries鈥 continental shelves, air space and offshore hydrocarbon exploration, Ibrahim Kalin said in a televised interview with CNNTurk news channel.
News
July 22, 2020
Tensions between Turkey and Greece have flared over issues such as oil and gas exploration in the shared waters of the Aegean and Mediterranean seas as well as flow of refugees through Turkey to European countries.
News
June 03, 2020
The eastern Mediterranean has become an energy hot spot with big finds for EU member Cyprus, Israel and Egypt in recent years, and Turkey鈥檚 push to secure a share of the resources in those waters has exacerbated strains in an already tumultuous region.
News
February 27, 2020
The EU asset freezes and travel bans on two people, whom the bloc plans to identify later on Thursday, make good on its months-long vow to counter Turkey鈥檚 oil and natural-gas exploration in waters that are part of the exclusive economic zone of member country Cyprus.
News
February 04, 2020
European Union diplomats agreed to impose travel bans on two Turkish nationals and freeze their assets in retaliation for Ankara鈥檚 gas prospecting in disputed waters near Cyprus, two officials familiar with the matter said.
News
January 16, 2020
Turkey will issue new exploration licenses in the eastern Mediterranean now that it鈥檚 set a maritime border with Libya, President Recep Tayyip Erdogan said Thursday, a step liable to exacerbate strains with Greece and the European Union.
News
January 15, 2020
Egypt began receiving natural gas from Israel, enacting a deal initially worth $15 billion that鈥檚 part of the North African country鈥檚 plan to become an energy re-export hub on Europe鈥檚 doorstep. Israeli gas stocks rose.
News
December 31, 2019
A decade after its discovery was lauded as a guarantor of Israel鈥檚 energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
News
December 26, 2019
If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in.
News
December 19, 2019
Jerusalem鈥檚 district court ruled late Tuesday that the firms developing Leviathan are barred from pollutive activity until further notice, in effect halting operations.
News
December 06, 2019
Turkey and Libya officially approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters of the eastern Mediterranean, where both countries are at odds with Greece.
News
September 11, 2019
Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North African country as an energy re-export hub on Europe鈥檚 doorstep.
News
August 29, 2019
Cyprus鈥 national gas company DEFA has selected a multinational consortium to construct the country鈥檚 first LNG terminal.
News
July 30, 2019
The Israeli Ministry of Energy has awarded 12 new offshore blocks in Israel鈥檚 Exclusive Economic Zone in its second license round, adding British companies Cairn and Soco to an international roster of oil and gas companies operating in the country鈥檚 waters.