Minister confirms long delay in Cyprus’ gas drilling
April 14, 2020
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Minister confirms long delay in Cyprus’ gas drilling

Exxon Mobil have informed the government they will be delaying a planned drill in their block 10 concession in Cyprus’ Exclusive Economic Zone (EEZ), with other oil companies…

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Energean upgrades Karish North reserves, first gas expected 2022
April 13, 2020
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Energean upgrades Karish North reserves, first gas expected 2022

Energean Oil and Gas plc, the operator of Karish and Tanin gas fields offshore Israel and on the border to the Lebanese Exclusive Economic Zone (EEZ), is pleased…

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تقدم الحفر في البلوك رقم 4 – فهل يحمل هذا الاستكشاف مفاجآت سارة للبنان؟
April 8, 2020
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تقدم الحفر في البلوك رقم 4 – فهل يحمل هذا الاستكشاف مفاجآت سارة للبنان؟

من المتوقّع ان تنتهي منتصف الأسبوع المقبل أعمال حفر البئر الإستكشافية في الرقعة الرقم 4 التي تبعد حوالى 7 كلم عن منطقة البوار. فهل يحمل هذا الاستكشاف مفاجآت…

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Suez Canal reduces its LNG carrier transit fees for a three-month period
April 7, 2020
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Suez Canal reduces its LNG carrier transit fees for a three-month period

Suez Canal Authority has decided to adjust the rates for LNG carriers for a three-month period starting April 1.  The authority noted that the liquefied natural gas tankers…

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Lebanon: Extension of the deadline to submit licensing round applications
April 3, 2020
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Lebanon: Extension of the deadline to submit licensing round applications

Lebanese Minister of Energy and Water, Raymond Ghajar issued a statement extending the submission deadline of the 2nd licensing round as detailed below:Given the implications of the spread…

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Total says Lebanon offshore drilling halfway done
April 1, 2020
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Total says Lebanon offshore drilling halfway done

Lebanon’s first-ever offshore exploratory drilling is continuing on schedule amid a partial national lockdown over the coronavirus pandemic. It is halfway complete in Block 4 according to the…

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Energean might reduce its budget for Egypt by $140 million
March 30, 2020
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Energean might reduce its budget for Egypt by $140 million

Mediterranean gas group Energean might cut its budget for Egypt by USD 140 million as oil and gas companies cut back on spending amid the covid-19 pandemic and…

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Qatar Petroleum Offers LNG Cargoes in the Spot Market
March 28, 2020
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Qatar Petroleum Offers LNG Cargoes in the Spot Market

Qatar Petroleum has offered liquefied natural gas (LNG) cargoes to several buyers in Asia and Europe after Indian buyers cancelled cargoes, according to Reuters. The exact number of cargoes…

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Coronavirus and oil price crisis to wreak havoc on new project development plans
March 27, 2020
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Coronavirus and oil price crisis to wreak havoc on new project development plans

The effects of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented…

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Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says
March 27, 2020
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Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19…

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