Oil price slide leaves Noble Energy vulnerable
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Oil price slide leaves Noble Energy vulnerable

A leading Israeli businessman, with extensive experience in the American stock market, recently remarked to close associates that Noble Energy would soon lose its independence. In his analysis,…

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Survey Offshore Israel Finds Difficult Reserves
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Survey Offshore Israel Finds Difficult Reserves

Israeli explorers Isramco Negev and Modiin Energy reported January 17 that a survey by Netherland, Sewell pointed to a potential discovery of 8.9 trillion ft³ of gas in…

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Two-year extension signed with the Eni/Kogas consortium for exploration Blocks 2, 3 and 9 in the Cyprus EEZ
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Two-year extension signed with the Eni/Kogas consortium for exploration Blocks 2, 3 and 9 in the Cyprus EEZ

The Ministry of Energy, Commerce, Industry and Tourism announces that the Republic of Cyprus and Eni/Kogas consortium have signed a two-year extension of the initial exploration phase for…

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Green light from Cyprus for BG Stake in Block 12
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Green light from Cyprus for BG Stake in Block 12

The cabinet on Monday approved the entry of BG Group in the consortium which has the concession on Block 12 of Cyprus exclusive economic zone (EEZ). “It is a highly significant…

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Israeli group finds signs of large east Mediterranean gas field
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Israeli group finds signs of large east Mediterranean gas field

An Israeli exploration group has discovered signs of another large natural gas field off Israel’s coast, it said on Sunday. A number of the world’s biggest gas deposits…

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Cyprus Cabinet expected to rubber-stamp BG-Noble deal
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Cyprus Cabinet expected to rubber-stamp BG-Noble deal

The Cypriot cabinet is expected to approve the participation of the BG Group in Block 12 of the island’s exclusive economic zone (EEZ). BG said in Novemer it had acquired…

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EU Eyes Gas Import from East Mediterranean Fields
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EU Eyes Gas Import from East Mediterranean Fields

The European Union could import gas from newly discovered deposits in the Eastern Mediterranean in an attempt to diversify its supplies and bolster Europe’s energy security, EU Energy…

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Production in Zohr fields to begin before end of 2017
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Production in Zohr fields to begin before end of 2017

EGPC Chairman: Procedures of establishing Petro Shorouk will begin to manage and develop Zohr field. Petrobel is nearing the official formation of Petro Shorouk, the company’s subsidiary that…

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