Burullus Gas Company cancels Egypt drillship contract with Transocean
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Burullus Gas Company cancels Egypt drillship contract with Transocean

Transocean says Shell-led consortium to pay early termination fee for drillship deal, but sees other contracts extended: Transocean said that Burullus Gas Company has opted to terminate a…

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More than half of 2020’s licensing rounds at risk of cancellation, Rystad says
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More than half of 2020’s licensing rounds at risk of cancellation, Rystad says

The combined effects of the COVID-19 pandemic and the oil price war will likely cause the cancellation of more than half of the world’s 2020 licensing rounds, according…

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Noble Energy makes further spending cuts
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Noble Energy makes further spending cuts

In response to the COVID-19 pandemic and a significant decline in oil and gas demand and prices, Noble Energy is focusing on liquidity and balance sheet strength. With…

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Minister confirms long delay in Cyprus’ gas drilling
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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
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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؟
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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
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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
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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
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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
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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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