ExxonMobil starts second exploration well drilling offshore Cyprus
Permalink

ExxonMobil starts second exploration well drilling offshore Cyprus

  US energy giant ExxonMobil and Qatar Petroleum completed their first test-drill for hydrocarbons offshore Cyprus and have begun exploring a second well, Cypriot authorities said Wednesday. The…

Continue Reading →

Energean sells 5.5 BCM of Karish/Tanin gas to an Israeli Power Producer
Permalink

Energean sells 5.5 BCM of Karish/Tanin gas to an Israeli Power Producer

Greek oil and gas company Energean has signed a Gas Sales and Purchase Agreement with I.P.M. Beer Tuvia Ltd. (“IPM”), an independent power producer, to supply an estimated…

Continue Reading →

Cyprus: Drillship malfunction delays announcement of results
Permalink

Cyprus: Drillship malfunction delays announcement of results

A technical malfunction on board Exxon-Mobil Stena Ice Max drillship has reportedly caused a delay of 10 days. The unspecified problem occurred during Christmas time and had led…

Continue Reading →

Egypt drafts strategy to become East Mediterranean energy hub
Permalink

Egypt drafts strategy to become East Mediterranean energy hub

Gov’t puts pen to paper on strategy for Egypt’s EastMed energy hub ambitions: A government committee has drafted a strategy to advance Egypt’s plan to become the premier…

Continue Reading →

Egypt Increases LNG Exports via Idku plant
Permalink

Egypt Increases LNG Exports via Idku plant

Egypt’s liquefied natural gas (LNG) exports via the Idku liquefaction plant increased by 73.3% reaching 520 million standard cubic feet per day (mmscf/d), an official source at the…

Continue Reading →

Egypt Pays $3.1/mmbtu for Gas from North Alexandria, WDDM fields
Permalink

Egypt Pays $3.1/mmbtu for Gas from North Alexandria, WDDM fields

The Egyptian General Petroleum Corporation (EGPC) pays $3.1 per 1 million British thermal unit (mmbtu) of natural gas from the North Alexandria and West Delta Deep Marine (WDDM),…

Continue Reading →

Egypt Pays $1 B over Three Years for Zohr Drilling Rig Rental
Permalink

Egypt Pays $1 B over Three Years for Zohr Drilling Rig Rental

Egypt paid a total of $1 billion over three years for renting Saipem 10000 drilling rig, which is working in the Zohr natural gas field, sources in the…

Continue Reading →

Oil & Gas in East Med: 2018 roundup and expectations for 2019
Permalink

Oil & Gas in East Med: 2018 roundup and expectations for 2019

With drilling in Cyprus coming to its climax early in the year, Egypt forging ahead, Leviathan coming on stream in Israel and exploration in full swing in Lebanon,…

Continue Reading →

Saving grace to the Lebanese electricity problem: LNG Import and better projects’ structure
Permalink
Featured

Saving grace to the Lebanese electricity problem: LNG Import and better projects’ structure

Author: Abboud Zahr, Oil & Gas Specialist The Lebanese Ministry of Energy and Water (“MoEW”) recently closed an international tender for the import of liquefied natural gas (LNG)…

Continue Reading →

Egypt pays $4 per million BTUs for gas produced from Zohr field
Permalink

Egypt pays $4 per million BTUs for gas produced from Zohr field

The Egyptian General Petroleum Corporation (EGPC) pays about $4 per million thermal British units (BTUs) bought from Eni’s share in the Zohr gas field in the Mediterranean Sea,…

Continue Reading →