Larnaca refuses to extend operating permit for its shore base
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Larnaca refuses to extend operating permit for its shore base

The Larnaca municipal council on Monday rejected a request to allow the operation of Medserv that provides logistics for oil and gas exploration for another six months. Thirteen…

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Gas from Israel’s Leviathan could reach markets by late 2019 -Noble manager
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Gas from Israel’s Leviathan could reach markets by late 2019 -Noble manager

Partners in Israel’s Leviathan natural gas field could reach a final investment decision by the end of 2016 if government and regulatory approvals are granted as hoped, an…

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Eni and EGPC establish JV for Zohr ‘super giant’ gas field
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Eni and EGPC establish JV for Zohr ‘super giant’ gas field

Eni and Egyptian General Petroleum Corporation (EGPC) have announced to enter into a joint venture to create Petro Shorouk. Petro Shorouk will be a subsidiary of Petrobel and…

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Cyprus Block 12 – Agreement not to drill
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Cyprus Block 12 – Agreement not to drill

On 28 January Delek Group announced at the Tel Aviv Stock Exchange that the additional exploration drilling planned to be carried out in Block 12 by 23 May…

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Wood Mackenzie: Shell’s acquisition of BG secures industry leading positions in deepwater oil and LNG
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Wood Mackenzie: Shell’s acquisition of BG secures industry leading positions in deepwater oil and LNG

Since the deal was announced in April, oil prices have near halved and Shell’s share price has fallen 35%. The strategic drivers for the acquisition remain compelling despite…

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We Lost Trust in the Government of Israel, Claims Noble Energy
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We Lost Trust in the Government of Israel, Claims Noble Energy

Noble Energy, the operator of major resources offshore Israel, told the country’s high court of justice that it had lost trust in the government of Israel. “We arrived…

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Cyprus, Israel and Greece agree to strengthen ties, discuss natural gas pipeline
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Cyprus, Israel and Greece agree to strengthen ties, discuss natural gas pipeline

Cyprus, Israel, and Greece held a “historic” summit on Thursday, during which they agreed to strengthen co-operation between the three countries and invited others to join them in…

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Eni partners for Zohr gas development known this year
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Eni partners for Zohr gas development known this year

New development partners for Egypt’s mega gas find will be announced this year, according to Italy’s Eni. The company said that it had received interest from “several companies”…

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