Development of Leviathan Natural Gas Field in Israel
Permalink

Development of Leviathan Natural Gas Field in Israel

Israel’s Delek Drilling wants to refinance about $2 billion in loans it had taken to develop the major Leviathan natural gas field either by issuing bonds or through…

Continue Reading →

Eni makes new gas discovery in Mediterranean Sea offshore Egypt
Permalink

Eni makes new gas discovery in Mediterranean Sea offshore Egypt

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.…

Continue Reading →

Baker Hughes to Decrease Operational Costs in Egypt
Permalink

Baker Hughes to Decrease Operational Costs in Egypt

Tameer Nasser Director and General Manager at Baker Hughes stated that the company plans to decrease its operational costs in Egypt in line with the government’s plan to…

Continue Reading →

Schlumberger Signs Agreements to Train Students of Four Egyptian Universities
Permalink

Schlumberger Signs Agreements to Train Students of Four Egyptian Universities

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed the signing of agreements between Schlumberger and four Egyptian universities including Ain Shams University, the American…

Continue Reading →

Energean completes Israeli pipeline
Permalink

Energean completes Israeli pipeline

Energean announced on Monday the completion of works laying the main pipeline linking its Karish and Tanin gas fields on the border to Lebanon to the Israeli shore.…

Continue Reading →

Cyprus urgently needs a revised energy strategy
Permalink

Cyprus urgently needs a revised energy strategy

AS expected, Noble Energy, the operator of Aphrodite, is putting development of the gas field on hold. Noble confirmed this week. It said that, while it remains true…

Continue Reading →

New Petroleum Discovery in Gulf of Suez
Permalink

New Petroleum Discovery in Gulf of Suez

The Ministry of Petroleum and Mineral Resources announced a new petroleum discovery in the shallow waters of Geisum Concession at the south of Gulf of Suez, a press release…

Continue Reading →

Turkish FM calls on Israel to annul EEZ agreement with Cyprus
Permalink

Turkish FM calls on Israel to annul EEZ agreement with Cyprus

Turkish Foreign Minister Mevlut Cavusoglu called on Israel to annul its agreement with Cyprus on the delimitation of their exclusive economic zones (EEZs), claiming that Israel had ceded…

Continue Reading →

Major oil producers are sitting on fields that will never be developed
Permalink

Major oil producers are sitting on fields that will never be developed

BP Plc’s potential $18 billion writedown underscores just how significant a turning point 2020 is becoming for the oil industry. It baldly acknowledges that the major hydrocarbon producers are…

Continue Reading →

Noble Energy hints at delay in plans for Cyprus Aphrodite gas field
Permalink

Noble Energy hints at delay in plans for Cyprus Aphrodite gas field

Noble Energy, the primary concession holder on the Aphrodite gas field, has signalled they are putting on hold plans to develop and monetise the reservoir, while reiterating their…

Continue Reading →