Giant Tuna-1 discovery could save Turkey $21 billion
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Giant Tuna-1 discovery could save Turkey $21 billion

If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to $21 billion in import costs, Rystad Energy estimates. Rystad said that…

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Elliott attempting to prevent Chevron’s takeover of Noble Energy
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Elliott attempting to prevent Chevron’s takeover of Noble Energy

Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron, believing that the deal undervalues the…

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Al-Sisi Inaugurates New Mostorod Project Worth $4.3 B
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Al-Sisi Inaugurates New Mostorod Project Worth $4.3 B

The Egyptian President Abdel Fattah Al-Sisi has inaugurated the Egyptian Refinery Company’s (ERC) project in Mostorod with investments of $4.3 billion, equivalent to EGP 70 billion, as it…

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Energean sales agreements for Karish Gas Fieled
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Energean sales agreements for Karish Gas Fieled

Oil and gas company Energean has signed till date several gas sales and purchase agreements (GSPAs) for the sale of gas from its Karish project located offshore Israel,…

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Egypt-based EastMed Gas Forum EMGF charter signed by founding members
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Egypt-based EastMed Gas Forum EMGF charter signed by founding members

Egypt takes a major step towards its regional energy hub ambitions with the formalization of the EastMed Gas Forum: The Eastern Mediterranean Gas Forum is now officially an established…

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The East Med Gas Forum  will become an international body
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The East Med Gas Forum will become an international body

Egypt, Italy, Greece, Israel, Cyprus, Jordan and Palestinian Authority signed on Tuesday, through a teleconference, a charter turning the East Med Gas Forum (EMGF) into an international body.…

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Shell Looking to Cut Production Costs by up to 40%
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Shell Looking to Cut Production Costs by up to 40%

Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition, according…

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Turkey extends hydrocarbon survey off Cyprus by one month
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Turkey extends hydrocarbon survey off Cyprus by one month

Turkey said it extended the operations of its seismic research vessel Barbaros Hayrettin Pasa off southeastern Cyprus until October 18. Cyprus’ internationally recognised Greek Cypriot government has long…

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Eni, BP announce new Nooros natural gas discovery offshore Egypt
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Eni, BP announce new Nooros natural gas discovery offshore Egypt

Eni (as the Operator of the Block) and bp (as contractor member) announce a new gas discovery in the so-called “Great Nooros Area”, located in the Abu Madi…

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Energean Power FPSO to set sail for Israel in summer of 2021
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Energean Power FPSO to set sail for Israel in summer of 2021

Energean announced in its first-half results presentation that the FPSO bound for the Mediterranean Sea project, named Energean Power, was in Singapore where the China-built hull was being…

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