Israel: Energy minister extends offshore license near Lebanese waters
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Israel: Energy minister extends offshore license near Lebanese waters

Israel’s Delek and U.S. Noble Energy have obtained an extension to the Alon D license in the Mediterranean Sea, offshore Israel. The exploration license covers 400 square kilometers…

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Results from Block 11 will determine ENI’s next targets
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Results from Block 11 will determine ENI’s next targets

Italian energy giant ENI expects the results of exploratory drilling in Cyprus’ offshore Block 11, to determine its next drilling target within the island’s exclusive economic zone (EEZ).…

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Egypt targets gas output of 6.2 bcf/d by June 2018
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Egypt targets gas output of 6.2 bcf/d by June 2018

Egypt expects its natural gas production to rise to 6.2 billion cubic feet (bcf) per day by the end of the fiscal year next June from 5.2 bcf/d…

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Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase
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Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase

Saipem awarded offshore contract variations worth 900 million USD for the Optimised Ramp Up phase of the Zohr Field Development Project. Saipem and Petrobel have finalized offshore contract…

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Egypt not ready to join oil production cut deal – OPEC Secretary General
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Egypt not ready to join oil production cut deal – OPEC Secretary General

OPEC and non-OPEC countries extended the oil production limiting agreement for nine months until March 2018 on May 25. Egypt and Turkmenistan participating in talks with OPEC regarding…

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Egypt to open new exploration areas for oil & gas in the Red Sea
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Egypt to open new exploration areas for oil & gas in the Red Sea

Egyptian Petroleum Minister Tarek El Molla said on Thursday that new areas in the Red Sea will be open for bidding for exploration as part of Egypt’s effort…

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AMBITIONS CLASH IN THE EASTERN MED
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AMBITIONS CLASH IN THE EASTERN MED

Several developments occurred in the East Med during the last two years, among them: Egypt, which has experienced a severe shortage of natural gas and has become an…

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Egypt to stop using one of FSRUs at Ain Sokhna by early next year
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Egypt to stop using one of FSRUs at Ain Sokhna by early next year

In a sign that we may be heading towards becoming an energy hub by 2018, the Oil Ministry is letting go of one of the two FSRUs at…

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Lebanon Looks To Lure Oil, Gas Investors To Mediterranean
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Lebanon Looks To Lure Oil, Gas Investors To Mediterranean

HOUSTON—Slowed by a political gridlock and unresolved boundary disputes, Lebanon has stood on the sidelines watching massive natural gas discoveries such as Leviathan, Aphrodite and Karish sprout from…

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Israel Licensing Round Draws One Offer So Far; Deadline Extended
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Israel Licensing Round Draws One Offer So Far; Deadline Extended

Israeli energy officials put on a brave face on Tuesday after The Marker reported that an auction for rights to drill in 24 blocs offshore Israel had attracted…

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