BP and Abu Dhabi National Oil Co's (ADNOC) $2 billion bid to acquire a 50% stake in Israeli gas producer NewMed Energy remains on track, a BP executive has told investors.BP remained 'very optimistic' about the deal despite the escalation of…
A subsea gas pipeline, the Balticconnector, connecting Finland and Estonia under the Baltic Sea has been likely damaged by 'outside activity', the Finnish government said on Tuesday.This is what is known so far:WHAT IS THE BALTICCONNECTOR?The…
Israel is suspending production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday, following three days of violence in the region.Chevron, which operates the field…
QatarEnergy confirmed Wednesday it had won a new exploration block offshore Egypt as part of the 2022 EGAS International Bid Round.The results of the competitive bid process were announced by Egypt’s Ministry of Petroleum and Mineral Resources…
A coalition of Total Energies, Eni, and Qatar Energy applied for the second licensing round to bid on oil and gas blocks 8 and 10 in Lebanese waters, just an hour before the deadline on Monday, Lebanon's energy ministry said. The consortium…
A panel reviewing a $2 billion offer by Abu Dhabi's national oil company and BP to acquire a 50% stake in Israeli gas producer NewMed has recommended raising the asking price by over 10%, casting doubt over the deal, sources said.The proposed…
Cyprus and international energy companies led by Chevron have agreed to extend talks on how to develop its Aphrodite offshore gas field amid progress in negotiations, its energy minister said on Friday.'It is not a new negotiating round, it's…
Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey.Erdogan…
Mediterranean-focused oil and gas producer Energean aims to double its size in the coming years, including through expansion of production in Israel, CEO Mathios Rigas said on Thursday.The company reported a 41.2% slump in first-half profit…
Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…
A drilling rig [the Transocean Barents] arrived in Lebanon’s Block 9 on Wednesday to begin oil and gas exploration, public works and transport minister Ali Hamie said in a post on social media platform X, formerly known as Twitter.The start…
UK-based drilling waste management company TWMA said Monday it had secured a contract worth up to $15 million to support a large-scale oil and gas project for BP in Egypt.TWMA will use its RotoMill drill cuttings processing technology to process…
Today, Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%…
Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production. Total investment in the offshore gas field has reached $12 billion and is expected to hit $15 billion in three years…
Transocean Barents, Transocean's semi-submersible drilling rig, which is used to operating in harsher environments such as those in Norway, the UK, and Canada, is now moving to the Mediterranean Sea.Namely, TotalEnergies has informed that the…
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