Which companies are likely to win in Cyprus’ third licensing round?
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Which companies are likely to win in Cyprus’ third licensing round?

By Abboud Zahr In May 2016 Cyprus launched its third offshore licensing round, which will close on July 22. In this round, three blocks (6, 8 and 10) are…

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Wood Mackenzie: Deepwater Exploration Cutbacks May Come Back To Haunt Oil Drillers
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Wood Mackenzie: Deepwater Exploration Cutbacks May Come Back To Haunt Oil Drillers

We expect 2016 exploration spend to be around half the 2014 peak, and it could fall even further next year. Quarterly losses, dividends cut, budgets slashed – oil…

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Cyprus: Geostrategic importance of the Pipedream
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Cyprus: Geostrategic importance of the Pipedream

Cypriots love a good fairy-tale in their country. They swallow them up like four-year-olds, asking no questions and displaying no doubts, which is why Cyprus politicians serve them so frequently.…

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Monetizing Lebanese Gas: Export Options – Part 2
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Monetizing Lebanese Gas: Export Options – Part 2

B. Pipeline options (II): Turkey and Europe Lebanon’s pipeline export options are not limited to the Middle East alone. Its proximity to Turkey, and thereby to European markets,…

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Monetizing Lebanese Gas: Export Options – Part 1
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Monetizing Lebanese Gas: Export Options – Part 1

Assuming that Lebanon does eventually develop its natural gas reserves, the country will face an array of choices concerning how to monetize its hydrocarbon riches via gas exports.…

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Did Shell Take On Too Much Risk In This Oil Price Environment?
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Did Shell Take On Too Much Risk In This Oil Price Environment?

On the heels of its acquisition of BG Group at a time when everyone else is offloading assets in these days of dismal oil prices, Royal Dutch Shell is…

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Why Has Cash Starved Noble Energy Sold Off Aphrodite and Kept Leviathan and Tamar?
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Why Has Cash Starved Noble Energy Sold Off Aphrodite and Kept Leviathan and Tamar?

BG Group’s decision to enter into a farm-out agreement for 50% of Noble Energy’s stake in Aphrodite gas field, offshore Cyprus, is an interesting development that may shed…

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Is the US “Tolling-fee System” a good Solution for Exporting the East Med Gas?
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Is the US “Tolling-fee System” a good Solution for Exporting the East Med Gas?

By: Abboud Zahr* Several gas fields were discovered during to last few years in the Eastern Mediterranean. Zohr, in the Egyptian offshore, is the largest gas discovery yet…

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