Israel Karish, Tanin Gas Fields Price Not to Exceed $150 million
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Israel Karish, Tanin Gas Fields Price Not to Exceed $150 million

Delek Drilling and Avner, Delek Group’s two subsidiaries which are involved in the energy sector, announced to the Tel Aviv Stock Exchange that they are negotiating with a few…

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Busy 2016 for Cyprus energy prospects
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Busy 2016 for Cyprus energy prospects

Cyprus’ energy agenda in 2016 will be extensive, Energy Minister Giorgos Lakkotrypis said on Monday. Within a few weeks, he told reporters, the entry of British Gas (BG)…

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Saipem 10000 drillship arrives at Zohr-2 well location
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Saipem 10000 drillship arrives at Zohr-2 well location

The giant drilling vessel Saipem 10000 arrived at the site of Zohr-2 well to start drilling operations, announced Eng. Tarek El-Molla, Egypt Minister of Petroleum and Mineral Resources.…

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BP’s Bob Dudley: Oil Will Be Lower Than You Think For Longer
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BP’s Bob Dudley: Oil Will Be Lower Than You Think For Longer

   Interviewed on the BBC, Dudley, the CEO of BP said: Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices.…

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Jordan Awards Two LNG Contracts to European Suppliers
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Jordan Awards Two LNG Contracts to European Suppliers

NEPCO, the National Electric Power Company of Jordan, has awarded to LNG supply contracts to Gunvor of Switzerland and Gas Natural of Spain. Both Cargoes are due at…

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East Med Gas: Hype, Hope and Politics
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East Med Gas: Hype, Hope and Politics

The big hype surrounding gas in the Eastern Mediterranean, recalls Sohbet Karbuz, Director of Hydrocarbons, Mediterranean Observatory for Energy (OME), was partly because of the discovery of the Tamar…

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Cyprus Government extends ENI-KOGAS gas exploration by two years
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Cyprus Government extends ENI-KOGAS gas exploration by two years

The cabinet on Monday approved a request by the ENI-KOGAS consortium to extend its exploration activities by two more years. The exploration licencee was renewed for offshore blocks…

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EastMed Oil & Gas: 2016 promises renewed dynamism
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EastMed Oil & Gas: 2016 promises renewed dynamism

  After a year riddled with difficult market conditions, dry holes, regulatory hurdles, the oil and gas sector in Eastern Mediterranean countries finally have good reasons to look…

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